40.2%
45.0%
35.1%
Total Gen AI
Market CAGR
Gen AI Services
Market CAGR
Gen AI Software
Market CAGR
2023
2033
$39.3B
$1082.4B
40.2%
2023
2033
2023
2033
$13.7B
$564.5B
$25.5B
$517.9B
Growth Rate by Key Components (2023-2033)
In 2023, Gen AI services account for 35%
of the market, amounting to USD 13.7
billion, while software accounts for 65%,
amounting to USD 25.5 billion.
The services component grows at a
slightly higher CAGR of 45.0%, indicating
an even faster expansion compared to
the overall market.
G E N A I S T A R T U P L A N D S C A P E - I N D I A | 8
Gen AI
Global Market Size Overview
RESEARCH