Europe Generative AI Market Size, Share & Industry Trends Analysis Report By Component, By Technology, By End Use (Media & Entertainment, BFSI, IT & Telecommunication, Healthcare, Automotive & Transportation), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe Generative AI Market would witness market growth of 31.9% CAGR during the forecast period (2022-2028).
Users can make realistic photos focused on a setting, subject, aesthetic, or place that they define by using generative AI to turn text into images. As a result, the required visual material can be produced quickly and easily. AI-generated picture production is important in media, design, advertising, marketing, education, etc., because it may be used for commercial purposes as well.
A graphic designer, for instance, can use an image generator to create whatever type of image they require. When generating new material from existing content, generative AI employs a variety of techniques. One of these techniques is called a Generative Adversarial Network (GAN). A generator and a discriminator make up a GAN, which generates fresh data and makes sure it is realistic.
A high-resolution rendition of an image can be produced using a GAN-based technique using Super-Resolution GANs. This technique can be used to create high-quality versions of medical and/or archival materials that are too expensive to store in high-resolution format. The use of surveillance is another example.
Europe is a pioneer in the field of artificial intelligence R&D due to its creative entrepreneurs, industrialists, and digital start-ups founded on scientific discoveries. With a robust industrial structure, Europe generates a significant portion of the world's industrial and professional service robots and instruments in the fields of health, transportation, security, farming, and energy. Artificial intelligence is heavily used in almost all major industries, including manufacturing, healthcare, transportation, e-government, and space technologies.
The Germany market dominated the Europe Generative AI Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,564.9 million by 2028. The UK market is anticipated to grow at a CAGR of 30.8% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 32.9% during (2022 - 2028).
Based on Component, the market is segmented into Software and Service. Based on Technology, the market is segmented into Transformers, Generative Adversarial Networks (GANs), Variational Auto-encoders, and Diffusion Networks. Based on End Use, the market is segmented into Media & Entertainment, BFSI, IT & Telecommunication, Healthcare, Automotive & Transportation, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Generative AI Market will Hit $54 Billion by 2028, at a CAGR of 32.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google LLC, Amazon Web Services, Inc. (Amazon.com, Inc.), IBM Corporation, Microsoft Corporation, Adobe, Inc, MOSTLY AI Solutions MP GmbH, Synthesia Limited, Genie AI, Inc, Rephrase.ai, and De-Identification Ltd.
Scope of the Study
Market Segments Covered in the Report:
- Generative Adversarial Networks (GANs)
- Variational Auto-encoders
- Diffusion Networks
- Media & Entertainment
- IT & Telecommunication
- Automotive & Transportation
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Google LLC
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- IBM Corporation
- Microsoft Corporation
- Adobe, Inc
- MOSTLY AI Solutions MP GmbH
- Synthesia Limited
- Genie AI, Inc
- De-Identification Ltd
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