Skip to main content
  1. Market Insights
  2. Technology
  3. Artificial Intelligence

Generative AI - Taiwan

Taiwan
  • The market size in the Generative AI market is projected to reach US$298.70m in 2024.
  • The market size is expected to show an annual growth rate (CAGR 2024-2030) of 46.47%, resulting in a market volume of US$2.95bn by 2030.
  • In global comparison, the largest market size will be United States (US$11.66bn in 2024).

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).

For more information on the data displayed, use the info button right next to the boxes.

In-Scope

  • Applications of generative artificial intelligence to create new content, such as images, music, and text, which is indistinguishable from human-generated content.

Out-Of-Scope

  • Non-artificial intelligence applications of generative systems, such as procedural content generation in video games, which do not involve machine learning or creativity.
Artificial Intelligence: in-depth market analysis - Cover

Market Insights report

Artificial Intelligence: in-depth market analysis

Study Details

    Value

    Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

    Most recent update: Mar 2024

    Market Size

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Users

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Generative AI market in Taiwan nan is rapidly expanding, fueled by the surge in demand for digital technologies, growing health consciousness among people, and the ease of online health services. This intense growth rate is primarily influenced by the country's strong investment in AI research and development, along with the rising need for efficient healthcare solutions in the region.

    Customer preferences:
    As Taiwan continues to invest in developing its AI capabilities, the Generative AI Market within the Artificial Intelligence Market is expected to see significant growth. With consumers becoming more digitally savvy, there is a growing demand for personalized and interactive AI applications. This trend is also influenced by the rising adoption of smart devices and the shift towards a more connected lifestyle. Additionally, the increasing focus on data privacy and security is driving the development of AI solutions that prioritize user trust and transparency.

    Trends in the market:
    In Taiwan, the Generative AI market within the Artificial Intelligence market is experiencing a surge in demand for AI-powered chatbots and virtual assistants. These technologies are being adopted by various industries such as healthcare, finance, and retail to enhance customer experience and increase efficiency. Additionally, there is a growing trend of using AI in predictive maintenance and quality control in manufacturing. This trend is expected to continue in the future, with significant implications for businesses looking to stay competitive in the global market. As AI technology evolves, stakeholders can expect to see more advanced and diverse applications of Generative AI in various industries.

    Local special circumstances:
    In Taiwan, the Generative AI market is thriving due to the country's strong technology infrastructure and government support for AI development. Additionally, the cultural emphasis on innovation and efficiency has led to a high adoption rate of AI technologies in various sectors, such as manufacturing and healthcare. The strict regulatory environment also ensures the ethical and responsible use of AI, fueling further growth in the market.

    Underlying macroeconomic factors:
    The growth of the Generative AI Market within the Artificial Intelligence Market is also influenced by macroeconomic factors such as technological advancements, government support, and investment in AI infrastructure. Countries with favorable regulatory environments and strong investment in AI technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the increasing demand for automation and data-driven decision making in various industries is driving the adoption of generative AI solutions, resulting in market growth.

    Global Comparison

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Methodology

    Data coverage: The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the funding values from different industries for the market.

    Modeling approach / Market size:Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market. As a basis for evaluating markets, we use annual financial reports, funding data, and third-party data. In addition, we use relevant key market indicators and data from country-specific associations such as GDP, number of internet users, number of secure internet servers, and internet penetration. This data helps us estimate the market size for each country individually.

    Forecasts:In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited to forecast digital products and services due to the non-linear growth of technology adoption. The main drivers are the level of digitalization, the number of secure internet servers, and the revenue of the Public Cloud market.

    Additional Notes: The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russian-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the market is updated on an ad-hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Data from the Statista Consumer Insights Global survey is weighted for representativeness.

    Technology

    Access more Market Insights on Technology topics with our featured report

    Artificial Intelligence: in-depth market analysis - BackgroundArtificial Intelligence: in-depth market analysis - Cover

    Explore more high-quality data on related topic

    Artificial intelligence (AI) worldwide - statistics & facts

    Artificial intelligence evokes images of supercomputer assistants, machines that can think creatively, and, to some, scenes from their favorite sci-fi movie. The reality, despite not being as futuristic, is not far off from this. AI refers to the ability of a computer or machine to mimic the competencies of the human mind, which often learns from previous experiences to understand and respond to language, decisions, and problems. The market for AI technologies is vast, amounting to around 200 billion U.S. dollars in 2023 and is expected to grow well beyond that to over 1.8 trillion U.S. dollars by 2030.
    More data on the topic

    Explore more high-quality data on related topic

    Artificial intelligence (AI) in the U.S. - statistics & facts

    Artificial intelligence (AI), the technology that allows digital computers or computer-controlled robots to perform tasks more commonly associated with intelligent beings, has been leaping into the limelight following the release of a wide variety of Generative AI models in 2023. The United States, being the largest economy in the world, has a natural advantage. Although human-like androids such as those portrayed in the science fiction movie Blade Runner are still far from reality, applications of AI such as smartphone virtual assistants and industrial robots are already widespread in U.S. society. The industry’s powerful ability to improve efficiency and increase productivity has made it of strategic importance to U.S. industries and government, both of which push the U.S. lead in the AI race.
    More data on the topic

    Contact

    Get in touch with us. We are happy to help.