The global AI market continues to experience rapid growth, driven by advances in machine learning, deep learning, and data analytics. As of 2023, the AI market is valued at around USD 207.9 billion and is expected to reach USD 1.9 trillion by 2032, growing at a compound annual growth rate (CAGR) of 36.2%. In particular, AI applications in sectors such as media, entertainment, and content creation are accelerating this growth significantly.
For AI in media and entertainment, the market size was valued at USD 19.75 billion in 2023, and it is projected to grow to USD 99.48 billion by 2030, with a CAGR of 26%. This rise is largely fueled by the increasing use of AI for personalization, automation in video production, and interactive media content, all of which are highly relevant to platforms like CohortX.
While these industries are growing rapidly, traditional AI development frameworks still pose significant constraints, creating opportunities for decentralized AI platforms like CohortX to unlock new pathways for collaboration, innovation, and monetization
Last updated