Computational Creativity Market, MRFR Growth Trending Report Margins, Top Key Players at a CAGR of according to Emerge Research Report Forecast By 2027

 

 


 

Market Scenario:

The experimentation of finding innovative thoughts and ideas across various fields such as literature, art, engineering, and others is known as art computational creativity. It is the computer application of technologies to match, study, and improve human creativity. It is used in artificial intelligence for completing creative tasks on computers such as sculptures, painting, and work fiction. The fast growth of technology in computational creativity and artificial intelligence software uses deep and machine learning algorithms to design more customized experiences for customers. It includes experimentation to develop innovative ideas and thought processes in various platforms such as engineering, architecture, art, music, literature and cuisine. Global Computational Creativity Market is expected to expand at a 25.42% CAGR during the predicted period, to reach 1.1497 Billion by 2026. 

The rise in the adoption of computer-based creative solutions mainly operates the growth of the Computational Creativity Market. The automation of creative tasks boosts market growth. The slower adoption rate of AI-based technology in developing economies affects the computational creativity market growth. The increase in the investment in computational creativity by the adoption of computational creativity in modern applications and startups are predicted to provide main opportunities in the computational creativity market.

The current scenario where covid-19 is spreading in several countries globally has unpleasantly affected various industries. The worldwide pandemic situation has significantly affected the computational creativity market. This market has been impacted positively since the covid-19 outbreak in this pandemic. The computational creativity demand has increased in importance in recent months due to the global lockdowns. The rise in sales of information and technology & telecommunications products is estimated to affect the computational creativity market over the estimated time period. The rise in internet penetration and growing sales of smartphones globally are expected to drive market growth. There is a high possibility that the outbreak of novel coronavirus will have a long-term effect on consumer behavior and lifestyle, which has resulted in the rising adoption of information and communications products and services.

 

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Competitive Outlook:

The key players operating in the global computational creativity market are IBM (US), Google (US), Microsoft (US), Adobe (US), AWS (US), Autodesk (US), Jukedeck (UK), Humtap (US), Amper Music (US), Automated Creative  (UK), ScriptBook (Belgium), B12 (US), The Grid (US), Canva (Australia), Hello Games (UK), Aiva (Luxembourg), Object AI (Hong Kong), Firedrop  (UK), OBVIOUS (France), Prisma Labs (US), Cyanapse (UK), Lumen5 (Canada), Skylum (UK), Logojoy (Canada), and Runway (US).

Segmentation:

By Component

 Solution

·Service

 

By Deployment Mode

Cloud

On-premise

 

By Application

Product Designing

Marketing and Web Designing

Photography and Videography

Music Composition

Automated Story Generation

High-End Video Gaming Development

 

By Industry Vertical

BFSI

IT and telecom

Automotive

Technology

Education

Retail and agriculture

Healthcare

 

By Region

North America

The U.S.

Canada

Mexico

 

Europe

UK

Germany

France

Russia

Rest of Europe

 

Asia-Pacific

China

India

Japan

Australia

Rest of Asia-Pacific

 

LAMEA

Latin America

Middle East

Africa

 

Regional Analysis:

North America was the most growing and leading market, considering the highest share in 2019. The converging of computational creativity with A.I. and the Internet of Things has affected various verticals in the U.S.

The Asia-Pacific regional computational creativity market will record the highest CAGR during the predicted period.

 

Industrial development

In 2020, Shutterstock acquired an AI-driven music platform Amper Music to create and customize original music by leveraging over one million individual audio samples recorded by musicians on thousands of unique instruments.

 

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Table of Contents:

1          Executive Summary

2          Scope of the Report

2.1       Market Definition

2.2       Scope of the Study

2.2.1    Research objectives

2.2.2    Assumptions & Limitations

2.3       Markets Structure

Continued…

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About Market Research Future:

Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research.

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