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Asia Pacific Generative AI Market Size, Share & Trends Analysis Report By Component (Software, Services), By Technology, By End-use, By Application, By Model, By Region, And Segment Forecasts, 2024 - 2030

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    Report

  • 80 Pages
  • February 2024
  • Region: Asia Pacific
  • Grand View Research
  • ID: 5943910
The Asia Pacific generative AI market is anticipated to reach USD 37.55 billion by 2030. It is anticipated to expand at a CAGR of 37.5% from 2024 to 2030. The major factors contributing to market growth include rising advancements in deep learning algorithms, increasing adoption of cloud-based solutions, and demand for AI-generated content across various industries. Rising demand for AI-generated content across various industries drives the adoption of GenAI solutions in Asia Pacific. From media and entertainment to e-commerce and healthcare, organizations use AI to create personalized and engaging customer experiences.

GenAI technologies enable businesses to automate content creation processes, generate personalized recommendations, and develop innovative products and services. Organizations are increasingly recognizing the value of data as a strategic asset and investing in AI technologies, including generative AI, to extract actionable insights from large volumes of data. GenAI algorithms can analyze data patterns, generate predictive models, and assist in decision-making processes, empowering businesses to gain a competitive edge in the industry. For instance, in September 2023, Avanade Inc., a Microsoft solutions provider, launched the first GenAI Lab in Southeast Asia. This lab serves as a center of excellence and allow organizations to test and create generative AI solutions.

The lab helps organizations extract business value from data and accelerate AI readiness. Governments across the region are implementing policies to promote innovation, entrepreneurship, and the development of AI ecosystems. By providing funding, incentives, and infrastructure support, governments encourage collaboration between industry players, research institutions, and startups to accelerate the adoption and deployment of AI solutions. These initiatives promote a favorable environment for the growth of the generative AI market in the Asia Pacific region. For instance, in September 2023, China launched a USD 40 billion fund to boost its domestic manufacturing of semiconductors, which are critical components for powering advanced AI programs, such as OpenAI's ChatGPT.

Asia Pacific Generative AI Market Report Highlights

  • The software segment accounted for the largest revenue share of 64.7% in 2023 owing to increasing investment in AI and emerging economic indicators
  • The diffusion networks segment is expected to witness the fastest growth from 2024 to 2030 due to increasing demand for advanced and diverse generative models capable of synthesizing high-quality and realistic content
  • The Natural Language Processing (NLP) segment dominated the market in 2023 owing to rapid rise in popularity of platforms, such as Siri, Alexa, and Google Search
  • The multimodal generative model is expected to witness the fastest CAGR from 2024 to 2030 due to the demand for real-time processing of multimodal data is increasing rapidly
  • The media & entertainment segment accounted for the largest revenue share in 2023 owing to the demand for GenAI for better advertisement and campaign journalism
  • China led the market and is projected to grow at a significant CAGR from 2024 to 2030 due to accelerating adoption across traditional industries and the development of AI computing power
  • In February 2024, Microsoft announced a partnership with Sarvam AI, an Indian startup, to support the development of GenAI applications based on voice technology. Sarvam aims to make its Indic voice LLMs available on Microsoft's cloud platform, Azure


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Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Segment Definitions
1.2.1. Component
1.2.2. Technology
1.2.3. End-use
1.2.4. Application
1.2.5. Model
1.2.6. Regional scope
1.2.7. Estimates and forecasts timeline
1.3. Research Methodology
1.4. Information Procurement
1.4.1. Purchased database
1.4.2. Internal database
1.4.3. Secondary sources
1.4.4. Primary research
1.4.5. Details of primary research
1.4.5.1. Data for primary interviews in Asia Pacific
1.5. Information or Data Analysis
1.5.1. Data analysis models
1.6. Market Formulation & Validation
1.7. Model Details
1.7.1. Commodity flow analysis (Model 1)
1.7.2. Approach 1: Commodity flow approach
1.7.3. Volume price analysis (Model 2)
1.7.4. Approach 2: Volume price analysis
1.8. List of Secondary Sources
1.9. List of Primary Sources
1.10. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Component
2.2.2. Technology outlook
2.2.3. End-use outlook
2.2.4. Application outlook
2.2.5. Model outlook
2.3. Competitive Insights
Chapter 3. Asia Pacific Generative AI Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Market Dynamics
3.2.1. Market driver analysis
3.2.1.1. Increasing adoption of digital technologies across industries
3.2.1.2. Growing focus on digital transformation and industry 4.0
3.2.2. Market restraint analysis
3.2.2.1. Increasing data privacy and security concerns
3.2.3. Market opportunity analysis
3.2.3.1. Increasing research and development activities in technology companies
3.3. Generative AI Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Supplier power
3.3.1.2. Buyer power
3.3.1.3. Substitution threat
3.3.1.4. Threat of new entrant
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Economic landscape
3.3.2.3. Social landscape
3.3.2.4. Technological landscape
3.3.2.5. Environmental landscape
3.3.2.6. Legal landscape
Chapter 4. Asia Pacific Generative AI Market: Component Estimates & Trend Analysis
4.1. Component Market Share, 2023 & 2030
4.2. Segment Dashboard
4.3. Asia Pacific Generative AI Market by Component Outlook
4.4. Market Size & Forecasts and Trend Analyses, 2017 to 2030 for the following
4.4.1. Software
4.4.1.1. Market estimates and forecasts 2017 to 2030 (USD Million)
4.4.2. Services
4.4.2.1. Market estimates and forecasts 2017 to 2030 (USD Million)
Chapter 5. Asia Pacific Generative AI Market: Technology Estimates & Trend Analysis
5.1. Technology Market Share, 2023 & 2030
5.2. Segment Dashboard
5.3. Asia Pacific Generative AI Market by Technology Outlook
5.4. Market Size & Forecasts and Trend Analyses, 2017 to 2030 for the following
5.4.1. Generative Adversarial Networks (GANs)
5.4.1.1. Market estimates and forecasts 2017 to 2030 (USD Million)
5.4.2. Transformers
5.4.2.1. Market estimates and forecasts 2017 to 2030 (USD Million)
5.4.3. Variational Auto-encoders
5.4.3.1. Market estimates and forecasts 2017 to 2030 (USD Million)
5.4.4. Diffusion Networks
5.4.4.1. Market estimates and forecasts 2017 to 2030 (USD Million)
Chapter 6. Asia Pacific Generative AI Market: End-use Estimates & Trend Analysis
6.1. End-use Market Share, 2023 & 2030
6.2. Segment Dashboard
6.3. Asia Pacific Generative AI Market by Application Outlook
6.4. Market Size & Forecasts and Trend Analyses, 2017 to 2030 for the following
6.4.1. Media & Entertainment
6.4.1.1. Market estimates and forecasts 2017 to 2030 (USD million)
6.4.2. BFSI
6.4.2.1. Market estimates and forecasts 2017 to 2030 (USD Million)
6.4.3. IT & Telecommunication
6.4.3.1. Market estimates and forecasts 2017 to 2030 (USD Million)
6.4.4. Healthcare
6.4.4.1. Market estimates and forecasts 2017 to 2030 (USD Million)
6.4.5. Automotive & Transportation
6.4.5.1. Market estimates and forecasts 2017 to 2030 (USD Million)
6.4.6. Gaming
6.4.6.1. Market estimates and forecasts 2017 to 2030 (USD Million)
6.4.7. Others
6.4.7.1. Market estimates and forecasts 2017 to 2030 (USD Million)
Chapter 7. Asia Pacific Generative AI Market: Application Estimates & Trend Analysis
7.1. Application Market Share, 2023 & 2030
7.2. Segment Dashboard
7.3. Asia Pacific Generative AI Market by Application Outlook
7.4. Market Size & Forecasts and Trend Analyses, 2017 to 2030 for the following
7.4.1. Computer Vision
7.4.1.1. Market estimates and forecasts 2017 to 2030 (USD million)
7.4.2. NLP
7.4.2.1. Market estimates and forecasts 2017 to 2030 (USD Million)
7.4.3. Robotics and Automation
7.4.3.1. Market estimates and forecasts 2017 to 2030 (USD Million)
7.4.4. Content Generation
7.4.4.1. Market estimates and forecasts 2017 to 2030 (USD Million)
7.4.5. Chatbots and Intelligent Virtual Assistants
7.4.5.1. Market estimates and forecasts 2017 to 2030 (USD Million)
7.4.6. Predictive Analytics
7.4.6.1. Market estimates and forecasts 2017 to 2030 (USD Million)
7.4.7. Others
7.4.7.1. Market estimates and forecasts 2017 to 2030 (USD Million)
Chapter 8. Asia Pacific Generative AI Market: Model Estimates & Trend Analysis
8.1. Model Market Share, 2023 & 2030
8.2. Segment Dashboard
8.3. Global Generative AI Market by Model Outlook
8.4. Market Size & Forecasts and Trend Analyses, 2017 to 2030 for the following
8.4.1. Large Language Models
8.4.1.1. Market estimates and forecasts 2017 to 2030 (USD million)
8.4.2. Image & Video Generative Models
8.4.2.1. Market estimates and forecasts 2017 to 2030 (USD Million)
8.4.3. Multi-Modal Generative Models
8.4.3.1. Market estimates and forecasts 2017 to 2030 (USD Million)
8.4.4. Others
8.4.4.1. Market estimates and forecasts 2017 to 2030 (USD Million)
Chapter 9. Asia Pacific Generative AI Market: Regional Estimates & Trend Analysis
9.1. Regional Market Share Analysis, 2023 & 2030
9.2. Regional Market Dashboard
9.3. Global Regional Market Snapshot
9.4. Market Size, & Forecasts Trend Analysis, 2017 to 2030:
9.5. Asia Pacific
9.5.1. Asia Pacific Generative AI Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
9.5.2. Japan
9.5.2.1. Japan generative AI market estimates and forecasts 2017 to 2030 (USD Million)
9.5.3. China
9.5.3.1. China generative AI market estimates and forecasts 2017 to 2030 (USD Million)
9.5.4. India
9.5.4.1. India generative AI market estimates and forecasts 2017 to 2030 (USD Million)
9.5.5. Australia
9.5.5.1. Australia generative AI market estimates and forecasts 2017 to 2030 (USD Million)
9.5.6. South Korea
9.5.6.1. South Korea generative AI market estimates and forecasts 2017 to 2030 (USD Million)
9.5.7. Singapore
9.5.7.1. Singapore generative AI market estimates and forecasts 2017 to 2030 (USD Million)
Chapter 10. Competitive Landscape
10.1. Recent Developments & Impact Analysis, By Key Market Participants
10.2. Company/Competition Categorization
10.3. Vendor Landscape
10.3.1. List of key distributors and channel partners
10.3.2. Key customers
10.4. Company Profiles
10.4.1. Huawei Technologies Co., Ltd.
10.4.1.1. Company overview
10.4.1.2. Financial performance
10.4.1.3. Product benchmarking
10.4.1.4. Strategic initiatives
10.4.2. Alibaba Cloud
10.4.2.1. Company overview
10.4.2.2. Financial performance
10.4.2.3. Product benchmarking
10.4.2.4. Strategic initiatives
10.4.3. Baidu, Inc.
10.4.3.1. Company overview
10.4.3.2. Financial performance
10.4.3.3. Product benchmarking
10.4.3.4. Strategic initiatives
10.4.4. Google LLC,
10.4.4.1. Company overview
10.4.4.2. Financial performance
10.4.4.3. Product benchmarking
10.4.4.4. Strategic initiatives
10.4.5. IBM
10.4.5.1. Company overview
10.4.5.2. Financial performance
10.4.5.3. Product benchmarking
10.4.5.4. Strategic initiatives
10.4.6. Microsoft
10.4.6.1. Company overview
10.4.6.2. Financial performance
10.4.6.3. Product benchmarking
10.4.6.4. Strategic initiatives
10.4.7. Genie AI Ltd
10.4.7.1. Company overview
10.4.7.2. Financial performance
10.4.7.3. Product benchmarking
10.4.7.4. Strategic initiatives
10.4.8. MOSTLY AI Inc.
10.4.8.1. Company overview
10.4.8.2. Financial performance
10.4.8.3. Product benchmarking
10.4.8.4. Strategic initiatives
10.4.9. D-ID
10.4.9.1. Company overview
10.4.9.2. Financial performance
10.4.9.3. Product benchmarking
10.4.9.4. Strategic initiatives
List of Tables
Table 1 List of abbreviations
Table 2 Asia Pacific generative AI market, by region, 2017 - 2030 (USD Million)
Table 3 Asia Pacific generative AI market, by component, 2017 - 2030 (USD Million)
Table 4 Asia Pacific generative AI market, by technology, 2017 - 2030 (USD Million)
Table 5 Asia Pacific generative AI market, by end-use, 2017 - 2030 (USD Million)
Table 6 Asia Pacific generative AI market, by application, 2017 - 2030 (USD Million)
Table 7 Asia Pacific generative AI market, by model, 2017 - 2030 (USD Million)
Table 8 China generative AI market, by component, 2017 - 2030 (USD Million)
Table 9 China generative AI market, by technology, 2017 - 2030 (USD Million)
Table 10 China generative AI market, by end-use, 2017 - 2030 (USD Million)
Table 11 China generative AI market, by application, 2017 - 2030 (USD Million)
Table 12 China generative AI market, by model, 2017 - 2030 (USD Million)
Table 13 Japan generative AI market, by component, 2017 - 2030 (USD Million)
Table 14 Japan generative AI market, by technology, 2017 - 2030 (USD Million)
Table 15 Japan generative AI market, by end-use, 2017 - 2030 (USD Million)
Table 16 Japan generative AI market, by application, 2017 - 2030 (USD Million)
Table 17 Japan generative AI market, by model, 2017 - 2030 (USD Million)
Table 18 India generative AI market, by component, 2017 - 2030 (USD Million)
Table 19 India generative AI market, by technology, 2017 - 2030 (USD Million)
Table 20 India generative AI market, by end-use, 2017 - 2030 (USD Million)
Table 21 India generative AI market, by application, 2017 - 2030 (USD Million)
Table 22 India generative AI market, by model, 2017 - 2030 (USD Million)
Table 23 Australia generative AI market, by component, 2017 - 2030 (USD Million)
Table 24 Australia generative AI market, by technology, 2017 - 2030 (USD Million)
Table 25 Australia generative AI market, by end-use, 2017 - 2030 (USD Million)
Table 26 Australia generative AI market, by application, 2017 - 2030 (USD Million)
Table 27 Australia generative AI market, by model, 2017 - 2030 (USD Million)
Table 28 South Korea generative AI market, by component, 2017 - 2030 (USD Million)
Table 29 South Korea generative AI market, by technology, 2017 - 2030 (USD Million)
Table 30 South Korea generative AI market, by end-use, 2017 - 2030 (USD Million)
Table 31 South Korea generative AI market, by application, 2017 - 2030 (USD Million)
Table 32 South Korea generative AI market, by model, 2017 - 2030 (USD Million)
Table 33 Singapore generative AI market, by component, 2017 - 2030 (USD Million)
Table 34 Singapore generative AI market, by technology, 2017 - 2030 (USD Million)
Table 35 Singapore generative AI market, by end-use, 2017 - 2030 (USD Million)
Table 36 Singapore generative AI market, by application, 2017 - 2030 (USD Million)
Table 37 Singapore generative AI market, by model, 2017 - 2030 (USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Asia Pacific generative AI market segmentation
Fig. 3 Asia Pacific generative AI technology landscape
Fig. 4 Information procurement
Fig. 5 Data analysis models
Fig. 6 Market formulation and validation
Fig. 7 Data validating & publishing
Fig. 8 Market snapshot
Fig. 9 Segment snapshot (1/2)
Fig. 10 Segment snapshot (2/2)
Fig. 11 Competitive landscape snapshot
Fig. 12 Asia Pacific generative AI market size and growth prospects (USD Billion)
Fig. 13 Asia Pacific generative AI market: Industry value chain analysis
Fig. 14 Asia Pacific generative AI market: Market dynamics
Fig. 15 Asia Pacific generative AI market: PORTER's analysis
Fig. 16 Asia Pacific generative AI market: PESTEL analysis
Fig. 17 Asia Pacific generative AI market: Component movement analysis
Fig. 18 Asia Pacific generative AI market: Component outlook and key takeaways
Fig. 19 Software market estimates and forecast, 2017 - 2030
Fig. 20 Service estimates and forecast, 2017 - 2030
Fig. 21 Asia Pacific generative AI market: Technology movement Analysis
Fig. 22 Asia Pacific generative AI market: Technology outlook and key takeaways
Fig. 23 Generative Adversarial Networks (GANs) market estimates and forecasts, 2017 - 2030
Fig. 24 Transformers market estimates and forecasts, 2017 - 2030
Fig. 25 Variational auto-encoders market estimates and forecasts, 2017 - 2030
Fig. 26 Diffusion networks market estimates and forecasts, 2017 - 2030
Fig. 27 Asia Pacific generative AI market: End-use movement analysis
Fig. 28 Asia Pacific generative AI market: End-use outlook and key takeaways
Fig. 29 Media & entertainment market estimates and forecasts, 2017 - 2030
Fig. 30 BFSI market estimates and forecasts, 2017 - 2030
Fig. 31 IT & telecommunication market estimates and forecasts, 2017 - 2030
Fig. 32 Healthcare market estimates and forecasts, 2017 - 2030
Fig. 33 Automotive & transportation market estimates and forecasts, 2017 - 2030
Fig. 34 Gaming market estimates and forecasts, 2017 - 2030
Fig. 35 Others market estimates and forecasts, 2017 - 2030
Fig. 36 Asia Pacific generative AI market: Application movement analysis
Fig. 37 Asia Pacific generative AI market: Application outlook and key takeaways
Fig. 38 Computer vision market estimates and forecasts, 2017 - 2030
Fig. 39 NLP market estimates and forecasts, 2017 - 2030
Fig. 40 Robotics and automation market estimates and forecasts, 2017 - 2030
Fig. 41 Content generation market estimates and forecasts, 2017 - 2030
Fig. 42 Chatbots and intelligent virtual assistants market estimates and forecasts, 2017 - 2030
Fig. 43 Predictive analytics market estimates and forecasts, 2017 - 2030
Fig. 44 Others market estimates and forecasts, 2017 - 2030
Fig. 45 Asia Pacific generative AI market: Model movement Analysis
Fig. 46 Asia Pacific generative AI market: Model outlook and key takeaways
Fig. 47 Large language models market estimates and forecasts, 2017 - 2030
Fig. 48 Image & video generative models market estimates and forecasts, 2017 - 2030
Fig. 49 Multi-modal generative models market estimates and forecasts, 2017 - 2030
Fig. 50 Others market estimates and forecasts, 2017 - 2030
Fig. 51 Asia Pacific generative AI market: Regional movement analysis
Fig. 52 Asia Pacific generative AI market: Regional outlook and key takeaways
Fig. 53 China generative AI market estimates and forecasts, 2017 - 2030
Fig. 54 Japan generative AI market estimates and forecasts, 2017 - 2030
Fig. 55 India generative AI market estimates and forecasts, 2017 - 2030
Fig. 56 Australia generative AI market estimates and forecasts, 2017 - 2030
Fig. 57 South Korea generative AI market estimates and forecasts, 2017 - 2030
Fig. 58 Singapore generative AI market estimates and forecasts, 2017 - 2030
Fig. 59 Key company categorization
Fig. 60 Company market positioning
Fig. 61 Key company market share analysis, 2023
Fig. 62 Strategic framework

Companies Mentioned

  • Huawei Technologies Co., Ltd.
  • Alibaba Cloud
  • Baidu, Inc.
  • Google LLC,
  • IBM
  • Microsoft
  • Genie AI Ltd
  • MOSTLY AI Inc.
  • D-ID

Methodology

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