Enterprise-Driven Trends Transforming Generative AI Development

MarketsandMarkets projects the generative AI market will grow from USD 71.36 billion in 2025 to USD 890.59 billion by 2032, at a CAGR of 43.4 %.

According to IHL Group’s forecast, generative AI is expected to drive a USD 9.2 trillion economic impact across the retail sector by 2029, with generative AI functions projected to deliver nearly 48 % of total AI value (versus 47 % from traditional AI/ML).

S&P Global predicts generative AI revenue will reach USD 85 billion by 2029, driven by adoption in software, content, and marketing automation.

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