Spain Generative AI Market | Analysis 2019-2032

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

Report Format:     | Pages: 110+
Type: Niche Industry Monitor | ID: AI4218  | Publication: June 2024  |  US$545  |  

Spain Generative AI Market Snapshot

Spain Generative AI Market


  • By the end of 2024 end user spending in the Spain generative AI market is forecasted to increase to US$ 3.20 billion.
  • The generative AI market in Spain is expected to achieve US$ 21.85 billion by 2032, showcasing a Compound Annual Growth Rate (CAGR) of 27.15% between 2024-2032.
  • The contribution from the hardware sub-segment to the overall components segment revenue is projected to surge to US$ 2.02 billion by 2024.
  • In 2023, the IT and Telecom end user accounted for 35.60% of the total spending on the generative AI market in Spain.
  • Major players in the Spain generative AI market are focused towards investing substantial amount on research and development activities to come up with advanced product. For instance, in February 2024, Microsoft announced plans to invest $2.1 billion in AI and cloud infrastructure in Spain. Both parties will collaborate on applying responsible AI practices to enhance citizen services, promoting AI-based innovation, and strengthening national cybersecurity and the cyber-resilience of Spanish companies, public bodies, and critical infrastructure.

Spain Generative AI Industry Coverage

Analysis Period

2019 – 2032

Actual Data

2019 – 2023

Base Year

2023

Estimated Year

2024

CAGR Period

2024 – 2032

Research Scope

Component

  • Hardware
  • Software
  • Service

Deployment Model

  • On-premise Solutions
  • Cloud-based Solutions
  • Hybrid Solutions

Business Function

  • Marketing and sales
  • Customer operations
  • Product R&D
  • Software engineering
  • Supply chain and operations
  • Risk and legal
  • Strategy and finance
  • Corporate IT
  • Talent and organization

Technique

  • Generative Modelling Techniques
  • Text-Based Techniques
  • Code-Based Techniques

End User

  • IT and Telecom
  • Media and Entertainment
  • Energy and Power
  • Transportation and Logistics
  • Healthcare
  • BFSI
  • Retail
  • Manufacturing
  • Public Sector
  • Other
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