According to a MarketsandMarkets report released on May 22, 2025, in Delray Beach, Florida, the Generative AI Market is projected to grow from USD 71.36 billion in 2025 to USD 890.59 billion by 2032.
This represents a compound annual growth rate (CAGR) of 43.4% over the forecast period. Key drivers include foundation model delivery platforms, verticalized adoption across industries, and the rapid scaling of AI-native infrastructure.
Text is expected to be the largest data modality in 2025 due to its foundational role in enterprise workflows and model training availability. Asia Pacific is projected to be the fastest-growing market, driven by government backing and enterprise adoption.