PUBLISHER: Meticulous Research | PRODUCT CODE: 1576467
PUBLISHER: Meticulous Research | PRODUCT CODE: 1576467
AI Image Generator Market by Offering (Solutions, Services), Deployment Mode, Application (Personal, Professional), Platform (Web-based, Mobile), End User (Media & Entertainment, Marketing and Advertising), and Geography-Global Forecast to 2031.
The research report titled 'AI Image Generator Market by Offering (Solutions, Services), Deployment Mode, Application (Personal, Professional), Platform (Web-based, Mobile), End User (Media & Entertainment, Marketing and Advertising), and Geography-Global Forecast to 2031' provides an in-depth analysis of AI image generator market in five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031.
The AI image generator market is projected to reach $1093.1 million by 2031, at a CAGR of 16.4% from 2024 to 2031.
The AI image generator market is growing due to the increasing adoption of AI image-generation solutions in marketing and advertising and the growing prevalence of do-it-yourself (DIY) content creation platforms. However, concerns regarding data privacy and the potential for the creation of malicious content are anticipated to impede its growth.
The increasing adoption of AI image generators in the healthcare sector, the rising integration of generative AI and computer vision for advanced image manipulation, and the growing use of AI image generators by individual users are expected to generate growth opportunities for market stakeholders. On the other hand, challenges associated with the high dimensionality of images present a significant hurdle for companies operating in this market. Moreover, the integration of AI image generators for educational purposes is a prominent market trend in the AI image generator market.
The AI image generator market is segmented by offering (solutions {text-to-image generation, image-to-image generation, semantic image-to-image generation, and other solutions} and services {training & consulting services, system integration & implementation services, and support & maintenance services}); deployment mode (cloud-based and on-premise); application (personal and professional/enterprises); platform (web-based and mobile), and end user (IT & telecommunication, media & entertainment, marketing, and advertising, healthcare & life sciences, gaming, education & training, retail & E-commerce, construction & real estate, government & defense, BFSI, art and design, fashion & apparel, energy & utilities, and other end users). The study also evaluates industry competitors and analyses the market at the regional and country levels.
Based on offering, the AI image generator market is segmented into solutions and services. In 2024, the solutions segment is expected to account for a larger share of over 73.0% of the market. This segment's large market share is attributed to the rising adoption of AI image generation solutions, which significantly decrease the time needed for manual visual creation. Additionally, the growing utilization of these solutions by individuals and small businesses is largely driven by their limited access to professional design services. Moreover, the solutions segment is poised to register a higher CAGR during the forecast period.
Based on deployment mode, the AI image generator market is segmented into cloud-based and on-premise. In 2024, the cloud-based segment is expected to account for a larger share of over 66.0% of the market. This segment's large market share is driven by the rising adoption of cloud-based AI image generators, which efficiently manage large-scale image generation tasks. Additionally, the growing use of these solutions to provide automatic updates and improvements reduces the need for user intervention. Moreover, the cloud-based segment is poised to register a higher CAGR during the forecast period.
Based on application, the AI image generator market is segmented into personal and professional/enterprises. In 2024, the professional/enterprises segment is expected to account for a larger share of over 74.0% of the market. This segment's large market share can be attributed to the rising adoption of AI image generator solutions by enterprises for producing images that align with specific brand guidelines, target audiences, and campaign themes. Furthermore, the growing availability of API access from AI image generator providers enables businesses to integrate image generation capabilities seamlessly into their existing applications and platforms. However, the personal segment is poised to register a higher CAGR during the forecast period.
Based on platform, the AI image generator market is segmented into web-based and mobile. In 2024, the web-based segment is expected to account for a larger share of over 71.0% of the market. This segment's large market share is driven by the growing adoption of web-based AI image generator solutions that efficiently handle large-scale or complex image generation tasks via cloud infrastructure, mitigating performance issues. Moreover, the increasing integration of these web-based tools across various operating systems and devices-without requiring specific software installations-provides a seamless user experience. However, the mobile segment is poised to register a higher CAGR during the forecast period.
Based on end user, the AI image generator market is segmented into IT & telecommunication, media & entertainment, marketing & advertising, healthcare & life sciences, gaming, education & training, retail & E-commerce, construction & real estate, government & defense, BFSI, art and design, fashion & apparel, energy & utilities, and other end users. In 2024, the marketing and advertising segment is expected to account for the largest share of over 36.0% of the market. This segment's large market share is driven by the rising adoption of AI image generators in marketing, enabling the production of large volumes of images for campaigns, product launches, and promotional activities. Additionally, the increasing utilization of cloud-based AI image generators enhances the creation of localized and culturally relevant visuals, improving engagement with diverse audiences. However, the media and entertainment segment is estimated to register a higher CAGR during the forecast period.
Based on geography, the AI image generator market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of over 42.0% of the market. North America's large market share is primarily driven by the widespread adoption of AI image generators in the healthcare sector, enhancing diagnostic accuracy and efficiency. Furthermore, there has been a notable increase in the use of AI image generator solutions within the advertising and marketing industries, along with the growing adoption of these tools by businesses to improve brand visibility through tailored visual content targeted at specific audiences. However, Asia-Pacific is poised to register the highest CAGR of over 17.5% during the forecast period.
The key players operating in the AI image generator market are Microsoft Corporation (U.S.), Google LLC (A Subsidiary of Alphabet Inc.) (U.S.), Amazon Web Services, Inc. (A Subsidiary of Amazon.com Inc.) (U.S.), Adobe Inc. (U.S.), OpenAI, L.L.C. (U.S.), Nvidia Corporation (U.S.), Meta Platforms, Inc (U.S.), Databricks, Inc.(U.S.), Vyro LLC (Australia), Jasper AI, Inc. (U.S.), NightCafe Studio Pty Ltd (Australia), Stability AI Ltd (U.K.), Lightricks Ltd. (Israel), Runway AI, Inc. (U.S.), Lumen5 Technologies Ltd (Canada), Craiyon LLC (U.S.), Resleeve B.V. (Netherlands), and starryai, Inc. (U.S.).
AI Image Generator Market Assessment-by Offering
AI Image Generator Market Assessment-by Deployment Mode
AI Image Generator Market Assessment-by Application
AI Image Generator Market Assessment-by Platform
AI Image Generator Market Assessment-by End User
AI Image Generator Market Assessment-by Geography
(Note: SWOT Analysis Will Be Provided for the Top 5 Companies)