The global generative AI market is projected to experience rapid growth, increasing from $14.6 billion in 2024 to $72.8 billion by 2029, driven by advancements in multimodal technology and widespread adoption across various sectors.

The global generative AI market is set for significant growth, expected to reach $72.8 billion by 2029. Key sectors driving this expansion include consumer products, healthcare, and retail, with multimodal AI technologies paving the way for innovative applications across industries.