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Generative AI In Creative Industries Market Size Forecasted To Achieve $12.61 Billion By 2029 With Steady Growth
Generative AI In Creative Industries Market Size
What Is the Generative AI In Creative Industries Market Size and Projected Growth Rate?
The creative industries market size for generative AI has seen a significant growth in recent times. The market is projected to expand from $3.08 billion in 2024 to $4.09 billion in 2025, marking a compound annual growth rate (CAGR) of 32.8%. Factors such as the increasing awareness and interest of the public, emergence of creative coding communities, and the growth of open-source frameworks have influenced this growth in the historic period.
In the coming years, the market size for generative AI in creative industries is anticipated to witness a remarkable upward trend, rising to $12.61 billion by 2029 with a 32.5% compound annual growth rate (CAGR). This growth during the projected period can be linked to the enhancement in data efficiency and few-shot learning, the adoption of ethical and inclusive AI practices, and the application of AI across various creative domains. During the forecast period, noticeable trends will include content generation and automation powered by AI, interdisciplinary creative endeavors, interactive and immersive experiences, and design and innovations driven by AI.
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What Are the Major Segments in the Generative AI In Creative Industries Market?
The generative AI in creative industries market covered in this report is segmented -
1) By Type: Text-To-Image Generation, Image-To-Image Generation, Music Generation, Video Generation, 3D Modeling and Animation
2) By Deployment Mode: On-Premise, Cloud
3) By Application: Gaming, Film And Television, Advertising And marketing, Music And Sound Production, Other Applications
Subsegments:
1) By Text-To-Image Generation: AI-Powered Image Generation From Text Prompts, Text-To-Image Synthesis For Art And Design, Photorealistic Image Creation
2) By Image-To-Image Generation: Image Style Transfer, Image Editing And Enhancement, Image-To-Image Translation
3) By Music Generation: AI Music Composition, AI-Powered Music Arrangement, Sound Design And Audio Effects
4) By Video Generation: AI Video Synthesis, Video Editing And Content Creation, AI-Powered Animation And Motion Graphics
5) By 3D Modeling And Animation: AI-Based 3D Design Tools, Automated 3D Object Generation, AI-Driven Animation And Simulation
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What Are The Driving Generative AI In Creative Industries Market Evolution?
The generative AI sector within creative industries is anticipated to witness significant growth due to the escalating integration of AI technology. This technology, a subset of computer science and engineering, aims to create systems and algorithms mimicking human intelligence or conduct. It has been widely utilized in generative AI, attributed to advancements in AI research, abundance of big data, cost-effectiveness, and enhanced efficiency. AI technology aids in bolstering human creativity, automating monotonous tasks, and inaugurating novel avenues for artistic expression and innovation in creative industries. For example, the Department for Science, Innovation and Technology, a ministerial department of the UK government, reported in October 2024 that about 3,000 AI firms in the UK collectively generated revenue exceeding £10 billion (roughly USD 10.81 billion) in 2024. The AI companies saw a rise of 17%, symbolizing the induction of 543 new firms in the same year, while AI revenues increased by 34%, totaling £3.6 billion (around USD 3.89 billion). Employment opportunities related to AI also witnessed a boost of 29%, creating roughly 14,500 new jobs. Hence, the growing incorporation of AI technology is fuelling the growth of the generative AI in the creative industry market.
Which Firms Dominate The Generative AI In Creative Industries Market Segments?
Major companies operating in the generative AI in creative industries market report are Apple Inc.; Google LLC; Samsung Electronics Co. Ltd.; Microsoft Corporation; Sony Corporation; The Walt Disney Company; International Business Machines Corporation; Nvidia Corporation; Adobe Inc.; Autodesk Inc.; Unity Software Inc.; Epic Games Inc.; Wacom Co. Ltd.; Pixar Animation Studios Inc.; Moving Picture Company Inc.; Lucasfilm Ltd.; Framestore Limited; Double Negative LLC; Digital Domain Inc.; Chaos Group; Foundry Inc.; SideFX Inc.; Industrial Light And Magic; Maxon Computer Inc.
What Trends Are Expected to Dominate the Generative AI In Creative Industries Market in the Next 5 Years?
Prominent firms in the generative AI space within creative markets are putting their efforts towards innovating advanced AI technologies like AI 3D workflows. This approach aims to improve creative procedures and fine-tune production lines. In essence, an AI 3D workflow involves incorporating AI tech into the generation, adaptation, and refinement of 3D elements and surroundings. As a case in point, Adobe Inc., an American software enterprise, introduced the inaugural integration of Firefly's generative AI functionality with Substance 3D Sampler and Stager in March 2024. This addition aims to smooth 3D workflows for a plethora of professionals, ranging from industrial designers to game developers and VFX artists. The integration is set to expedite both iterative and creative processes for these experts, facilitating the production of high-quality, lifelike textures and surroundings more efficiently. Users can leverage this groundbreaking 3D design realm to explore and design in 3D more swiftly and effectively, simplifying the creation of 3D content in Adobe's Creative Cloud. Furthermore, this characteristic instantaneously creates different texture versions, with provisions for users to iterate via prompt editing.
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Which Is The Largest Region In The Generative AI In Creative Industries Market?
North America was the largest region in the generative AI in creative industries market in 2024. The regions covered in the generative AI in creative industries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Generative AI In Creative Industries Market?
2. What is the CAGR expected in the Generative AI In Creative Industries Market?
3. What Are the Key Innovations Transforming the Generative AI In Creative Industries Industry?
4. Which Region Is Leading the Generative AI In Creative Industries Market?
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