New Generative AI Software Market Forecast

I’ve been working on a bottoms-up analysis of the Generative AI software market for the past few months with colleagues and we’ve now published our report. The headline is that the market is set to exceed $36bn in aggregate revenues by 2028, with a 58% CAGR between 2023 and 2028.

The report is based on an analysis of more than 260 vendors in the following market sectors: foundation models, along with generators of text, images, audio, video, code and structured data.

The forecast doesn’t include the cloud and non-cloud infrastructure on which this software sits – but that’s for another forecast!

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