KARACHI: The global market for creative artificial intelligence (AI) technology is experiencing explosive growth, driven by its widespread application in product development and beyond. According to a recent research report by S&P Global Market Intelligence, the creative AI market has surged by 58% from 2023 to the present, with significant advancements in the software segment leading the way.
S&P Global Market Intelligence forecasts that the creative AI software market will reach a staggering $52 billion by 2028. The Creative AI Market Monitoring Report highlights a substantial uptick in the adoption of AI technology across various sectors, showcasing its versatility in enhancing business performance to meet modern demands.
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Nick Patience, managing analyst at S&P Global Market Intelligence, stated that creative AI software holds the potential to revolutionize technology and drive significant positive change across industries. He noted that organizations worldwide are increasingly investing in transitioning from traditional AI to more innovative and creative AI solutions.
As industries continue to harness the power of creative AI, this technology is poised to become a cornerstone of modern business strategy, transforming operations and fueling growth across the globe.
