Product ID: SQMIG45B2118
Computational Creativity Market Size, Share, Growth Analysis, By Component(Software, Services), By Deployment Mode Sub-SegmentsOn-premise, and Cloud-based(Natural Language Processing (NLP), Machine Learning (ML)) - Industry Forecast 2024-2031
Report ID:
SQMIG45B2118 |
Region:
Global |
Published Date: April, 2024
Pages:
196
|
Tables:
62 |
Figures:
75
Computational Creativity Market Insights
Global Computational Creativity Market size was valued at USD 977.78 million in 2022 and is poised to grow from USD 1056.49 million in 2023 to USD 1816.52 million by 2031, growing at a CAGR of 8.52% in the forecast period (2024-2032).
The global computational creativity market is experiencing full-size growth because the intersection of synthetic intelligence and creative techniques gains prominence. Key drivers include the non-stop advancements in device mastering and herbal language processing, enabling computers to generate novel and innovative content material. The call for for innovative answers throughout industries, from art and design to content material advent and advertising and marketing, propels the marketplace ahead. However, challenges such as moral considerations in AI-generated content material and the need for human-AI collaboration pose restraints. Product sorts range from computerized content material advent tools to AI-pushed art and track generators. Geographically, North America leads in adoption, whilst the Asia-Pacific place exhibits promising increase. Key developments involve the combination of computational creativity in diverse domains, showcasing the transformative capacity of AI in using innovation and augmenting human creativity.
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Computational Creativity Market Segmental Analysis
The global Computational Creativity market is segmented into four major segments i.e. by Component, Deployment Mode, Technology, and region. Based on Security Component, it is divided into Software, Services. Based on Deployment Model, it is bifurcated as On-premises, Cloud-based. Based on Technology it is segregated into, Natural Language Processing (NLP), Machine Learning (ML), Computer Vision. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Analysis by Component Type
Software is likely to dominate the market because it bureaucracy the middle of computational creativity answers. Innovative software program leveraging natural language processing, device gaining knowledge of, and computer imaginative and prescient technologies is instrumental in producing innovative content, assisting design methods, and fostering inventive expression. The increasing demand for versatile and consumer-friendly innovative software program throughout industries positions it as the dominant factor kind.
Services, specifically consulting, implementation, and aid offerings, are expected to enjoy speedy increase. As agencies combine computational creativity solutions into their workflows, there's a growing call for for professional steerage, customization, and ongoing guide. The complexity of implementing these technologies and the need for tailor-made answers contribute to the fast increase of offerings. The non-stop evolution of computational creativity skills also fuels the demand for services to optimize and adapt those solutions to business needs.
Analysis by Technology
Machine Learning is probably to dominate the marketplace because of its capability to investigate styles, analyse from records, and generate creative outputs. ML algorithms play a critical function in computational creativity through enabling systems to recognize and mimic human-like innovative methods. The adaptability of ML in various innovative programs, from content material technology to design, positions it as a dominant technology kind.
Natural Language Processing is expected to experience rapid growth. The call for AI-driven solutions that understand, interpret, and generate human-like language is increasing, especially in content material creation, chatbots, and conversational AI programs. As companies seek to decorate verbal exchange and interplay with users, the growth of NLP era in computational creativity is anticipated to outpace other technologies.
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Computational Creativity Market Regional Insights
North America is likely to dominate the marketplace, frequently because of its early and substantial adoption of superior technology, presence of fundamental tech hubs, and strong funding in synthetic intelligence. The vicinity's revolutionary ecosystem and a high attention of tech-driven industries make contributions to its dominance in computational creativity. Additionally, a sizable wide variety of key market players and research institutions are primarily based in North America.
Asia-Pacific is expected to experience the fastest growth within the computational creativity market. Factors inclusive of growing tech adoption, growing investments in AI and system studying, and a developing emphasis on virtual transformation in industries contribute to the location's rapid boom. Emerging economies in Asia-Pacific, together with China and India, are getting extensive gamers within the AI area, fostering innovation and using the adoption of computational creativity answers.
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Computational Creativity Market Dynamics
Drivers
Increasing Demand for Innovative Solutions
- The surge in demand for modern answers on the intersection of artificial intelligence and creative techniques. Advancements in machine learning and natural language processing stand out as number one catalysts, empowering computer systems to generate original and inventive content across various domain names. The growing want for creative solutions in industries together with advertising, layout, and enjoyment further fuels the market's boom.
Advances in Artificial Intelligence (AI) and Machine Learning (ML)
- The major driver of the global computational creativity market is the continuous advancement in artificial intelligence (AI); and machine learning (ML) technologies. The power of creative systems has increased exponentially, and AI and ML systems can learn from large datasets, recognize patterns, and simulate human-like creative processes, enabling computerized creative processes new and original products as AI and ML technologies continue to evolve. Computer creation, which can be used in various industries including education and manufacturing, is expected to expand, leading to market growth.
Restraints
High Ethical Considerations Surrounding AI-Generated Content
- One of the primary marketplace restraints that is the ethical considerations surrounding AI-generated content material, inclusive of troubles associated with bias, transparency, and duty. As AI structures come to be extra independent in innovative obligations, ensuring accountable and unbiased results will become important. Another restraint lies in the interpretability and explainability of AI-generated innovative outputs, impacting person consider and attractiveness.
Ethical and Social Concerns
- One imperative in the global computer creation market is the ethical and social concerns related to the effects of AI. As computational creative systems become more adept at producing original works, questions arise about the ownership, validity, and authenticity of AI-created products, public perceptions of intellectual property rights or in addition, ethical considerations about the social and cultural implications of AI-produced products, including prejudice, stereotyping, and cultural appropriation, may affect how electronic creative technologies are recognized and embraced.
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Computational Creativity Market Competitive Landscape
The aggressive environment of the Non-medical Information System market is marked by means of the presence of key players at the vanguard of innovation and technological improvements. Additionally, smaller, area of interest players and startups make contributions to marketplace diversity, driving innovation in precise programs. The aggressive dynamics contain continuous research and improvement, strategic partnerships, and acquisitions to decorate product portfolios and live ahead in a rapidly evolving marketplace.
Top Player’s Company Profiles
- IBM Corporation
- Adobe Inc.
- Google LLC
- Microsoft Corporation
- NVIDIA Corporation
- Autodesk Inc.
- Jukin Media
- Prisma Labs, Inc.
- Runway ML
- Amper Music
- Aiva
- Lumen5
- Salesforce.com, Inc.
- ScriptBook
- Canva
- DALL-E (OpenAI)
- Artbreeder (DeepArt.io)
- Refik Anadol Studio
- AICAN (Art and AI)
- Google's Magenta Studio
Recent Developments
- August 2023: In a surprising pass, IBM has received StreamSets and webMethods, Software AG's "exceptional iPaaS" (integration platform-as-a-provider) services, for $2.13 billion. This contradicts Software AG's current strategic cognizance on this generation, potentially impacting its destiny course. However, the deal blessings principal shareholder Silver Lake, which obtained a controlling stake in Software AG just months previous, valuing the complete company slightly better than the present-day sale fee.
- In March 2022, the U.S.-based technology firm known as Microsoft acquired Nuance Communications for $19.7 billion. The acquisition is expected to help Microsoft accelerate its enterprise cloud strategy for healthcare and deliver new cloud AI capabilities across verticals, including healthcare, financial services, retail and telecommunications, according to Nuance Communications, a US-based software company, specializing in artificial intelligence (AI) and speech recognition.
- In February 2021, Google Cloud announced a partnership with 20th Century Fox called Marilyn, ML. Marilyn can recognize objects and patterns in trailers to understand movie scenes.
Computational Creativity Key Market Trends
- Rising Use of Artificial Intelligence: The evolving panorama on the intersection of synthetic intelligence and creative strategies. One distinguished fashion involves the growing integration of computational creativity in various industries past conventional sectors, which includes marketing and layout. The expansion of programs into fields like healthcare, training, and enjoyment indicates the versatility of AI-driven innovative solutions. Another fashion is the emphasis on explainable AI and moral concerns, addressing issues associated with transparency, bias, and accountability in AI-generated content.
Computational Creativity Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Computational Creativity market analysis well-known a dynamic market with several standout traits and troubles. The marketplace is driven by fast improvements in AI, particularly in machine learning and natural language processing, empowering machines to generate modern content across diverse industries. However, ethical concerns concerning bias and transparency in AI-generated content material pose restraints. Software applications, leveraging AI algorithms for content material creation, dominate the product panorama. North America, with its technological prowess, leads the marketplace, even as the Asia-Pacific place famous fast growth. Key trends encompass the expanding utility of computational creativity beyond conventional sectors, a developing emphasis on explainable AI, and the rise of collaborative AI, showcasing the market's evolution closer to ethical and flexible innovative answers.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 977.78 million |
| Market size value in 2031 | USD 1816.52 million |
| Growth Rate | 8.52% |
| Base year | 2023 |
| Forecast period | 2024-2032 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Computational Creativity Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Computational Creativity Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Computational Creativity Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Computational Creativity Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Computational Creativity Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Computational Creativity Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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