LAMEA 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 Latin America, Middle East and Africa Generative AI Market would witness market growth of 35.2% CAGR during the forecast period (2022-2028).
One business that stands to gain a lot from generative AI is picture identification. We can produce visuals that are more realistic and more similar to what the human eye views with the aid of generative AI. As a result, image recognition algorithms will become more accurate, opening the door to innovative uses like automated photo editing and lifelike 3D rendering.
The text-generating sector is another one that generative AI can help. We can produce text documents that are more accurate and realistic by applying generative AI. This will raise the standard of text-based solutions like search engines, chatbots, and automatic translations.
Not least, generative AI can be advantageous to the gaming sector. With more artificial creativity, larger, more detailed settings, and more in-depth narratives, one can utilize generative AI to make games that are more polished and realistic.
The rise is a result of increased investment by UAE governments in cutting-edge technologies, including machine learning (ML), artificial intelligence (AI), and 5G. The "UAE Strategy for Artificial Intelligence" has been unveiled by the UAE government. For better outcomes, it is anticipated that the adoption of such tactics shall rely on artificial technologies. It will decrease accidents and operational costs in the transportation sector while minimizing chronic and deadly diseases by identifying them in the health sector.
The Brazil market dominated the LAMEA Generative AI Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $966.3 million by 2028. The Argentina market is experiencing a CAGR of 35.9% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 34.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Generative AI Market is Predict to reach $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:
By Component
- Software
- Service
By Technology
- Transformers
- Generative Adversarial Networks (GANs)
- Variational Auto-encoders
- Diffusion Networks
By End-Use
- Media & Entertainment
- BFSI
- IT & Telecommunication
- Healthcare
- Automotive & Transportation
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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
- Rephrase.ai
- De-Identification Ltd
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North America Generative AI Market Report 2022-2028