Asia Pacific Generative AI Market Analysis, Size, and Forecast by Component, Deployment Model, Business Function, Technique, End User: 2019-2032

ASIA PACIFIC GENERATIVE AI MARKET SNAPSHOT

• In 2024, the projected revenue in the Asia Pacific generative AI market is estimated to reach US$ 82.34 billion.
• Asia Pacific generative AI is projected to expand at a CAGR of 32.17% throughout the forecast period to reach US$ 767.01 billion in 2032.
• Contribution by the hardware sub-segment to overall component segment revenue is expected to surge to US$ 52.85 billion by 2024.
• The IT and Telecom sector was the largest end-user vertical for prominent generative AI players in 2023, with 34.80% market share.
• Furthermore, when compared with Asian countries, the generative AI in China is anticipated to generate the highest revenue in 2024.

ASIA PACIFIC GENERATIVE AI MARKET OUTLOOK

The swift advancement and widespread adoption of sophisticated AI systems, particularly generative AI, have emerged as a critical global concern in recent times. This innovative technology is anticipated to address societal challenges such as labour shortages and revolutionize various industries, potentially influencing industrial operations and societal dynamics profoundly. Generative AI utilizes neural networks to create content autonomously, spanning text, images, videos, and virtual environments, empowering individuals to unleash their creativity. Looking ahead, there are substantial generative AI market growth opportunities in emerging markets of Asia Pacific region. For instance, in China sectors such as automotive, manufacturing, enterprise software, and healthcare are realizing multi-billion-dollar opportunities, necessitating significant investments in data, technology, talent, organizational readiness, and ecosystem development, with best practices emerging among companies maximizing AI benefits.

ASIA PACIFIC GENERATIVE AI MARKET TRENDS AND DEVELOPMENTS

Generative AI presents significant economic opportunities in Asia, leveraging the region's high levels of digital adoption and technological talent. India and China boast robust tech ecosystems, while Japan, South Korea, and Singapore excel in smart cities and robotics. Additionally, vibrant start-up hubs in cities like China, Indonesia, and Thailand contribute to the development of locally tailored solutions, positioning the region for further innovation and growth. Microsoft's 2023 Work Trend Index, derived from a survey spanning 31 countries and involving 31,000 participants, reveals that 78% of individuals in the Asia-Pacific region are willing to delegate tasks to AI to alleviate workloads. Interestingly, three-quarters express comfort not only with assigning administrative duties but also some analytical or creative responsibilities to AI. Despite the inherent limitations of generative AI, which relies heavily on input data quality, there is a foreseeable transition in human labour towards managing, refining, analysing, and ensuring the accuracy of algorithm-driven outcomes.

This research report on Asia Pacific generative AI market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.

ASIA PACIFIC GENERATIVE AI MARKET COVERAGE