Spend On Generative AI Will Grow 36% Annually To 2030

Generative AI’s meteoric rise can be compared to the launch of social media, the smartphone, and the internet. The technology’s wide applicability across industries and occupations will drive massive growth: according to Forrester’s new forecast, generative AI will have an average annual growth rate of 36% up to 2030, capturing 55% of the AI software market.

ai insights drive forecast forrester generative generative-ai growth industries internet launch massive media rate responsible ai smartphone social social media spend technology