Computational Creativity Market Value Projected to Expand by 2029

Computational Creativity Market is anticipated to grow at a significant CAGR during the forecast period. The major factors that are expected to boost the market growth include automation of creative tasks and adoption of computational creativity solutions which would improve the creative process. Moreover, increasing demand for the improvement of creative processes and efficiency of creative professionals is another factor that is expected to drive machine learning (ML) and deep learning technologies, which in turn will boost the market growth during the forecast period. Computational creativity in product designing is playing a crucial role by acting as a creative tool to engineers and product designers. With the support of AI-powered creative solutions, it is possible to generate a wide range of design options for products in less time, which would otherwise take a lot of time for human designers. The generative product design approach is useful to various industries, such as automation, aerospace, architecture, industrial machinery, consumer goods as well as building products to develop innovative designs.

Furthermore, some other factors that are anticipated to propel the market growth include growing investments in computational creativity technologies, the presence of the maximum number of computational creativity solution providers, and increasing government spending on AI technologies. In order to maintain a strong position in the market, these market players are adopting various strategic moves, such as product launches, partnerships, collaborations, and mergers and acquisitions.

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Market Coverage

  • The market number available for – 2022-2030
  • Base year- 2022
  • Forecast period- 2022-2030

Segment Covered- 

  • By Component
  • By Deployment
  • By Application

Regions covered-

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Competitive Landscape: IBM Corp., Google LLC, and Microsoft Corp., among others.

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Computational Creativity Market Report by Segment

By Component

  • Solution
  • Service

By Deployment

  • On-Premise
  • Cloud

By Application

  • Product Designing
  • Marketing and Web Designing
  • Photography and Videography
  • Music Composition
  • Automated Story Generation
  • High-End Video Gaming Development
  • Others

Computational Creativity Market Report by Region

North America

  • United States
  • Canada

Europe

  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe

Asia-Pacific

  • India
  • China
  • Japan
  • South Korea
  • Rest of APAC

Rest of the World

  • Latin America
  • Middle East & Africa

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