Computational creativity is known to be the use of different computational technology to research, inspire, imitate and improve human creativity. Computational imagination requires study and innovation with the goal of exploring new concepts and conceptual processes in fields such as literature, sculpture, cooking, architecture, music and engineering. Artificial intelligence (AI) is also used for artificial imagination to create items thought difficult for computers, such as fictional creations, sculptures and paintings. Tools that help to accomplish this imagination in computers are called computational creative tools. There are several businesses that claim that machines should accomplish innovation on a human level. Artificial General Intelligence has imagination as a core factor that aims to solve unfamiliar problems. Machine learning and deep learning are often found in computational creativity applications.
The global Computational Creativity market worth USD 2,073.4 Million by 2028, growing at a CAGR of 5%
.jpg "The Global Computational Creativity Market 2018-2028 (USD Million)")
The global computational creativity market revenue is projected to reach close to USD 2,788.0 Million by 2028. This can be attributed to the outsourcing of creative activities and the growing acceptance of computational creative solutions to improve the creative process. In addition, the increasing need for intelligence implantation in order to minimize the workload further boosting the market growth.
However, the slow digitalization rate influencing the acceptance of AI technology and rising market competition are the major factors expected to hamper the growth of the global market to a certain extent. Furthermore, growing acceptance of computational creative solutions in digital applications are expected to create new opportunities for the computational creativity market.
Computational Creativity Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2028 |
| Study Period | 2018-2028 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2028 | USD 2,073.4 Million |
| Growth Rate | CAGR of 5% during 2018-2028 |
| Segment Covered | Component, Technology,Deployment ,Application,Regional |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | IBM, Google, Microsoft, Adobe, Amazon Web Services, Autodesk, Jukedeck, HUMTAP, Amper Music, and ScriptBook. Moreover, |
Key Segment Of The Computational Creativity Market
Component, (USD Million)
• Solutions
• Services
Technology (USD Million)
• Natural Language Processing
• Machine Learning and Deep Learning
• Computer Vision
Deployment (USD Million)
• On-premise
• Cloud
Application (USD Million
• Marketing and Web Designing
• Product Designing
• Music Composition
• Photography and Videography
• Others
Regional Overview (USD Million)
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
The market value of computational creativity market in 2028 was USD 2,073.4 Million
the computational creativity market is growing at a CAGR of 5% during the forecast period.
The major contenders in the global computational creativity market IBM, Google, Microsoft, Adobe, Amazon Web Services, Autodesk, Jukedeck, HUMTAP, Amper Music, and ScriptBook. Moreover,
Computational creativity is applied to artificial intelligence in order to discover new ideas and to create imagined drawings, sculptures, etc. Computational creativity is used in marketing and web design, product design, music creation, photography & video and automatic story development. Artificial intelligence is used to interpret screenplays, make artistic choices in film and other applications of computational creativity. With Al’s increased convergence with computational marketing, computational marketing appears to be at a high degree in the near future.
Component Segment
In terms of components, the market is bifurcated into solutions and services. The services segment is estimated to accrue significant market growth over the forecast period. However, in the year 2019, the solutions segment holds a major market share and it is likely to keep its position throughout the forecast years ease provided by software tools to incorporate computational creativity into the existing infrastructures is set to drive the growth of the solutions segment.
Technology Segment
In terms of technology, the market is bifurcated into natural language processing (NLP), machine learning, and deep learning (Ml and Dl), computer vision. Machine learning and deep learning (Ml and Dl), the segment is estimated to hold the largest market share in 2019. This is mainly attributed to the rising demand for the improvement of the creative process and efficiency of creative professionals.
Deployment Mode Segment
Based on the deployment mode, the market is segmented into cloud-based and on-premises. The on-premise leads the market growth in 2019 and it is anticipated to hold its position during the forecast years. The market growth of this segment is mainly attributed to the one-time payment and proprietorship of control over the software. On the contrary, the cloud segment is projected to accumulate major growth in forthcoming years.
Application Segment
In terms of the application segment, the market is segmented into product designing, marketing, and web designing, photography and videography, music composition, automated story generation, high-end video gaming development, and others. The marketing and web designing application is expected to grow at the highest CAGR as users can easily create innovative websites with a few basic clicks, without needing previous coding skills or expertise. Besides, vendors in the computational creativity industry are providing AI-powered tools to help markets create successful marketing strategies.
The North American region dominated the overall market in 2019 and it is projected to keep its position during the forecast years 2021-2028. However, the Asia-Pacific region is anticipated to gather the highest growth over the forecast years. This is mainly attributed to strong investments made by the private and public sectors in the area to boost their marketing technologies resulting in increased demand for computational innovative solutions to provide creative content to their consumers, and increasing use of AI technology for emerging creative content in major APAC countries, such as China, India, and Japan.
The major players of the global computational creativity market are IBM, Google, Microsoft, Adobe, Amazon Web Services, Autodesk, Jukedeck, HUMTAP, Amper Music, and ScriptBook. Moreover, the market comprises several other prominent players in the computational creativity market that are B12, The Grid, Canva, Hello Gamesm IntegraPay, and The Grid,. The computational creativity market consists of well-established global as well as local players. Besides, the previously recognized market players are coming up with new and advanced strategic solutions and services to stay competitive in the global market