Generative AI Market to Surpass $20 Billion by 2030 Amid Intense SME Competition

What Happened

A new research report forecasts the generative AI market to exceed $20 billion by 2030. The findings indicate that the industry is highly fragmented, with small and medium-sized enterprises (SMEs) and regional players competing intensely across diverse segments. The report identifies key trends, drivers, growth opportunities, and major challenges confronting companies globally. It also covers the strategies adopted by market leaders and regional firms to gain a competitive edge, providing an in-depth outlook on the evolving landscape of generative AI technology from 2025 to 2030.

Why It Matters

The report emphasizes how generative AI is rapidly transforming a range of sectors and driving innovation worldwide, while increased competition poses both risks and opportunities for industry growth. Understanding these dynamics is critical for stakeholders aiming to capture value in the AI market. Read more in our AI News Hub