According to Odaily, the global generative artificial intelligence (AI) market is anticipated to experience significant growth over the next five years. A recent forecast by Canalys indicates that the market, currently in its nascent stage, is expected to expand fivefold. The market value is projected to rise from $14.6 billion in 2024 to $72.8 billion by 2029.

This substantial growth underscores the increasing adoption and integration of generative AI technologies across various industries. As businesses and organizations continue to explore the potential of AI-driven solutions, the demand for generative AI is likely to surge.