Generative ai software market forecast to expand near 10 times by 2028 to $36 billion, s&p global market intelligence says

New york , june 8, 2023 /prnewswire/ -- the popularity of chatgpt spawned an array of startups and kicked off a race by major technology providers to compete for mindshare. revenues of generative artificial intelligence (ai) technology offerings are forecast to reach $3.7 billion in 2023 and expand to $36 billion by 2028 with a compound annual growth rate (cagr) of 58 percent from 2023 to 2028, according to a new s&p global market intelligence report.
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