The global computational creativity market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). 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.
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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
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global 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
Global Computational Creativity Market Report by Region
North America
- US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East and Africa
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