Research organization Omdia estimates that the market size of generative AI applications will grow from $6.2 billion in 2023 to $58.5 billion in 2028, with a compound annual growth rate of 56%. The consumer, media, and entertainment industries will be the largest application market for generative AI.
Omdia: Generative AI Applications Market Size to Reach $58.5 Billion by 2028 at a CAGR of 56%
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