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Generative AI in Software Development Market to Reach $287.4 Billion by 2033
The Generative AI market in software development is expected to reach a staggering value of $287.4 billion by 2033, exhibiting a strong CAGR. This remarkable growth highlights the growing importance of generative AI in disrupting traditional coding practices and accelerating the software development process. The expansion of this market can be attributed to a variety of factors, including the need for automation of software development processes, the demand for efficient coding solutions, and the growing adoption of AI technologies across industries. However, the complexity of integrating AI with existing software development workflows and concerns about data privacy and security may have a negative impact on this…- 718
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Software companies vie for generative AI market share, consumer market expected to generate $11 billion in revenue by 2028
The generative AI market is experiencing explosive growth, expected to grow from $6 billion this year to $59 billion in 2028. The technology is widely used in various fields, including marketing and insurance. However, its rapid growth is accompanied by concerns about its potential risks, including automation of hundreds of millions of jobs and threats to humans. Generative AI is considered an innovative and disruptive technology. It can generate large amounts of complex media such as text, computer code, images or music by learning from online data, thereby improving production efficiency. However, some people have expressed concerns about the potential harm of this technology…- 1.8k
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