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Generative AI in Music Market Size & Trends. The global generative AI in music market size was estimated at USD 440.0 million in 2023 and is projected to grow at a CAGR of 30.4% from 2024 to 2030. The market growth is driven by technological advancements that have made artificial intelligence (AI) more accessible and capable. AI's ability to ...
Jan 30, 2024 · The study forecasts that the global market for generative AI music will hit $3.1 billion in 2028, up from $300 million (or 8% of the total AI market) in 2023, on the back of massive investment into AI, which the study said amounted to $50 billion in Europe alone since ChatGPT came on the scene in November 2022.
- Daniel Tencer
The Global Generative AI in Music Market size is expected to be worth around USD 3,637.1 Million by 2033, from USD 294 Million in 2023, growing at a CAGR of 28.6% during the forecast period from 2024 to 2033. Generative AI in music refers to the use of artificial intelligence to create or assist in composing music.
Global generative artificial intelligence (ai) in music market size is expected to $0.95 Bn by 2028 at a rate of 28.8%, segmented as by type, generative adversarial networks (gans), augmented reality convolutional neural networks (ar-cnns)
Jun 27, 2024 · The generative artificial intelligence (AI) in music market has experienced exponential growth, expanding from $0.27 billion in 2023 to $0.34 billion in 2024 with a compound annual growth rate (CAGR) of 28.4% in the historic period.
Generative Artificial Intelligence (AI) in Music Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market. This report focuses on generative artificial intelligence (AI) in music market which is experiencing strong growth.
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In 2023, the development of AI-powered music composition instruments signifies a pivotal growth opportunity within the global generative AI in music market. These technological advancements are revolutionizing the industry by enabling the automation of complex musical compositions that can cater to diverse genres and styles.
