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.
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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Statista. (April 11, 2024). Market size of the generative artificial intelligence (AI) market in Australia from 2020 to 2030 (in million U.S. dollars) [Graph]. In Statista. Retrieved December 05, 2024, from https://www.statista.com/forecasts/1455099/australia-generative-artificial-intelligence-market-size
Statista. "Market size of the generative artificial intelligence (AI) market in Australia from 2020 to 2030 (in million U.S. dollars)." Chart. April 11, 2024. Statista. Accessed December 05, 2024. https://www.statista.com/forecasts/1455099/australia-generative-artificial-intelligence-market-size
Statista. (2024). Market size of the generative artificial intelligence (AI) market in Australia from 2020 to 2030 (in million U.S. dollars). Statista. Statista Inc.. Accessed: December 05, 2024. https://www.statista.com/forecasts/1455099/australia-generative-artificial-intelligence-market-size
Statista. "Market Size of The Generative Artificial Intelligence (Ai) Market in Australia from 2020 to 2030 (in Million U.S. Dollars)." Statista, Statista Inc., 11 Apr 2024, https://www.statista.com/forecasts/1455099/australia-generative-artificial-intelligence-market-size
Statista, Market size of the generative artificial intelligence (AI) market in Australia from 2020 to 2030 (in million U.S. dollars) Statista, https://www.statista.com/forecasts/1455099/australia-generative-artificial-intelligence-market-size (last visited December 05, 2024)
Market size of the generative artificial intelligence (AI) market in Australia from 2020 to 2030 (in million U.S. dollars) [Graph], Statista, April 11, 2024. [Online]. Available: https://www.statista.com/forecasts/1455099/australia-generative-artificial-intelligence-market-size