The Asia Pacific Generative AI In Marketing Market would witness market growth of 34.9% CAGR during the forecast period (2023-2030).
ChatGPT, GPT-3.5, DALL-E, MidJourney, and Stable Diffusion are common generative AI tools. The development of generative AI will require a skilled labor force and a substantial investment in infrastructure. The revolution in cloud storage solutions has bolstered the market's growth by offering a strong ground for technology development and deployment. Cloud storage provides scalability in computing capacity, allowing businesses to access resource-intensive generative AI model training without substantial capital expenditure.
In addition, it ensures high efficacy in data accessibility and collaboration by facilitating the storage and distribution of diverse datasets among different teams. The cost-effective pay-as-you-go cloud storage model reduces economic constraints and accelerates the secure administration of sensitive generative AI projects. Offering pre-trained models and APIs by cloud providers facilitates development procedures, while cloud-based infrastructure augments resource optimization and business agility. Consequently, cloud storage solutions promote generative AI innovation, allowing businesses to investigate creative avenues and driving market expansion.
The APAC region has seen a surge in voice-activated devices and voice search. Generative AI can optimize marketing content for voice search queries, ensuring businesses remain discoverable via voice-assisted platforms. The retail and e-commerce sector in the Asia Pacific region is experiencing substantial growth, and generative AI in marketing is playing a pivotal role in helping businesses capitalize on this expansion. Additionally, the BFSI sector in the APAC region is highly competitive, and generative AI in marketing allows companies to differentiate themselves by offering personalized, informative, and engaging experiences to their customers. As the sector continues to evolve, the adoption of generative AI is likely to play a pivotal role in meeting customer expectations and achieving business objectives. Therefore, the region presents lucrative growth opportunities for the market.
The China market dominated the Asia Pacific Generative AI In Marketing Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,531 million by 2030. The Japan market is registering a CAGR of 34.1% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 35.8% during (2023 - 2030).
Based on System Type, the market is segmented into Text Models, and Multimodal Models. Based on Application, the market is segmented into Content Generation (Text Generation, Image/Video Generation, Audio Generation), Search Engine optimization (SEO), Social Media Marketing, Lead Nurturing & Lead Scoring, Reporting & Analytics, and Others. Based on End-use, the market is segmented into Retail & E-commerce, IT & Telecommunications, Healthcare, Automotive & Transportation, Media & Entertainment, BFSI, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Generative AI In Marketing Market is Predict to reach $19.1 Billion by 2030, at a CAGR of 34%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Adobe, Inc., Amazon Web Services, Inc. (Amazon.com, Inc.), Genie AI, Inc., Google LLC (Alphabet Inc.)IBM Corporation, Microsoft Corporation, MOSTLY AI Solutions MP GmbH, Synthesis AI, Inc., Paige AI, Inc. and Rephrase.ai
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