Global Generative AI will explode! The market is expected to soar to $1.5 trillion by 2030

recent,DIGITIMES A special report on generative AI was released, showing that this market is growing at an astonishing rate.

The report predicts that by 2024,Global Generative AI MarketThe scale will reach 40 billion US dollars, and by 2030, this figure will soar to 1.5 trillion US dollars, with an average annual growth rate of 83%This means that generative AI will not just be a popular trend, but a core component of future technology.

Global Generative AI will explode! The market is expected to soar to $1.5 trillion by 2030

Generative AI is increasingly being used in a wide range of fields, from text and images to music. However, as AI technology gradually shifts from the cloud to edge computing, hardware limitations and model development issues are beginning to emerge. Analyst Zhou Haochen pointed out that the future development of edge AI chips will focus on improving the specialization of the field and strengthening the integration of software and hardware to meet the needs of various low-power, high-efficiency applications.

It is expected that the share of AI-related software and services will increase significantly in the next five years, and it is expected that by 2030, software and services will account for 32% and 55% of the overall market respectively. This also means that the growth of generative AI software and services will be an important factor driving market expansion.

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