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The generative artificial intelligence (AI) in art market has expanded exponentially, with its size growing from $0.43 billion in 2023 to $0.62 billion in 2024, reflecting a compound annual growth rate (CAGR) of 42.1%. This historical growth is due to the rise of AI startups, increasing AI art communities, more public exhibitions, growth in AI-generated music, and the emergence of AI art awards. Looking ahead, the market is projected to continue its exponential growth, reaching $0.90 billion by 2028 with a CAGR of 42.2%. The expected growth during the forecast period is attributed to rising adoption of AI tools by artists, increased investment in AI research and development, growing demand for AI in entertainment and media, heightened interest in AI art for interior design, and increasing demand for AI art in corporate settings. Major trends anticipated include technological advancements, integration with augmented reality, social media art, game design, and fashion design.

The increased adoption of artificial intelligence technologies is expected to propel the growth of generative artificial intelligence (AI) in the art market going forward. Artificial intelligence technologies encompass a range of tools and systems designed to mimic human intelligence and perform tasks that typically require human cognitive functions. The adoption of AI technologies is rising due to greater computing power, the availability of big data, improved algorithms, and user-friendly tools. Generative AI in art represents an exciting intersection of technology and creativity, using advanced algorithms and models to produce unique and innovative art pieces. For instance, according to the International Business Machines Corporation, a US-based information technology corporation, AI adoption increased to 35% of companies in May 2022, up from 31% in 2021, with 42% exploring AI technologies and a 13% increase in organizations implementing AI. Additionally, according to the Government Digital Service in January 2022, overall spending on AI technology is expected to rise from $20.25 billion to $101.26 billion between 2020 and 2040. Therefore, the increased adoption of artificial intelligence technologies is driving the growth of generative artificial intelligence in the art market.

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What Are The Key Trends That Influence Generative Artificial Intelligence (AI) In Art Market Share Analysis?
Major companies operating in generative artificial intelligence (AI) in the arts market are developing innovative music and sound generation AI tools to enhance creativity, streamline workflows, and inspire innovative compositions. Music and sound generation AI tool generates melodies, harmonies, rhythms, sound effects, and entire musical compositions autonomously or in collaboration with human users. For instance, in September 2023, Stability AI Ltd., a UK-based free and open-source generative AI company, launched Stable Audio. It delivers faster, higher-quality music through an intuitive online interface using the most recent artificial intelligence (AI) algorithms. Stable Audio comes in two main types, the basic free edition, used to create and download songs up to 20 seconds long, and the ‘Pro’ membership, which offers 90-second tracks that may be downloaded for use in commercial projects. Stable Audio provides musicians with a solution to create samples for their songs with the help of the latest AI technologies.

Which Market Players Are Driving Growth In The Generative Artificial Intelligence (AI) In Art Market?
Major companies operating in the generative artificial intelligence (AI) in art market are International Business Machines Corporation, NVIDIA Corporation, Adobe Inc., Autodesk Inc., OpenAI Inc., Quill Inc., DeepMind Technologies Limited, Anthropic PBC, Promethean Limited, Midjourney Inc., Runway ML Inc., Prisma Labs Inc., Obvious, Wombo Inc., Lumen5 Technologies Ltd., Artomatix, Rosebud AI Inc., Endel, ScribbleHub, Gan Studio, Aiva Technologies SA

How Is The Global Generative Artificial Intelligence (AI) In Art Market Segmented?
1) By Type of Artwork: Visual Art; Music; Literature
2) By Technology or Platform: Standalone Software; Cloud-Based Services; AI-enabled Hardware
3) By Application Area: Fine Art; Advertising And Marketing; Entertainment And Gaming; Design And Fashion
4) By End-User: Artists; Creative Professionals; Art Collectors And Galleries; General Audience

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The Generative Artificial Intelligence (AI) In Art Global Market Report 2024 provides an overview of the generative artificial intelligence (ai) in artmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The generative artificial intelligence (ai) in art market forecast analyzes generative artificial intelligence (ai) in art market size, generative artificial intelligence (ai) in art market share, leading competitor and their market positions.

The Table Of Content For The Generative Artificial Intelligence (AI) In Art Market Include
1. Generative Artificial Intelligence (AI) In Art Market Executive Summary
2. Generative Artificial Intelligence (AI) In Art Market Segments
3. Generative Artificial Intelligence (AI) In Art Market Size And Template Market Growth Rate
4.  Key Generative Artificial Intelligence (AI) In Art Market Trends
5. Major Generative Artificial Intelligence (AI) In Art Market Drivers
……
25. Key Mergers And Acquisitions In The Generative Artificial Intelligence (AI) In Art Market
26. Top Generative Artificial Intelligence (AI) In Art Companies
27. Generative Artificial Intelligence (AI) In Art Market Opportunities And Strategies
28. Generative Artificial Intelligence (AI) In Art Market, Conclusions And Recommendations
29. Appendix

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