According to the study, Increasing Demand for Image, Video and Audio Generation through Generative AI is one of the primary growth factors for the market. Increasing Demand for Generative AI to Improve Efficiency and Quality of Content in Minimum Period of Time is also expected to contribute significantly to the Generative AI market. Overall, Content Creation applications of Generative AI, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Microsoft Corporation (United States), Google AI (United States), Open AI (United States), IBM Corporation (United States), Adobe (United States), Insilico Medicine (Hong Kong), Rephrase.ai (United States), Synthesis AI (United States), Mostly AI (Austria) and Genei AI (United Kingdom) pushing strong cash flow in Market which is also a key in driving revenue growth.

AMA’s Analyst on the Global Generative AI market identified that the demand is rising in many different parts of the world as "Increasing technological advancements in generative AI ". Furthermore, some recent industry insights like "In April 2023, AWS launched new AWS Generative AI Accelerator. It is 10 week program customise for generative AI start-ups. This launch is helpful for artist and creators to complete critical tasks of composition, stylization, imprinting, motion tracking, among others. This launch helped AWS to expand its presence in generative AI market" is constantly making the industry dynamic. One of the challenges that industry facing is "Increasing Concerns related to Data Thefts and Privacy"

The report provides an in-depth analysis and forecast about the industry covering the following key features:

• Detailed Overview of Generative AI market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of Generative AI market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the Generative AI market tight?
• Which application/end-user category or Product Type [] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Generative AI market and other related sub-markets covered in the study.

o Key & emerging players in the Generative AI market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Generative AI market size is calculated using market estimation process, the Generative AI market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Generative AI market size has been validated using both top-down and bottom-up approaches.