Australia: generative AI market size 2030

The market size in the 'Generative AI' segment of the artificial intelligence market in Australia was forecast to continuously increase between 2024 and 2030 by in total 8 billion U.S. dollars (+887.49 percent). After the tenth consecutive increasing year, the market size is estimated to reach 8.9 billion U.S. dollars and therefore a new peak in 2030. Notably, the market size of the 'Generative AI' segment of the artificial intelligence market was continuously increasing over the past years.

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Market size of the generative artificial intelligence (AI) market in Australia from 2020 to 2030 (in million U.S. dollars)

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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:
Generative artificial intelligence (AI) is a field of artificial intelligence that focuses on creating models and systems capable of generating new content, such as images, videos, music, or text. By training on large datasets, generative AI models learn patterns and structures within the data to produce novel and realistic outputs that mimic the original data distribution. Using techniques like generative adversarial networks (GANs) or variational autoencoders (VAEs), generative AI has the potential to enhance creativity, enable data synthesis, and revolutionize various industries including art, entertainment, and content creation.

Additional Information:

The market comprises two key performance indicators: market sizes, and market sizes by industry. Market sizes are generated by the funding amount of Generative Artificial Intelligence companies. Key players of the market include companies such as Open AI, NVIDIA DeepL Learning and Google (Magenta, DeepDream).

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