Computational Creativity Market | Contrive Datum Insights

The Computational Creativity Market size is expected to reach USD 1.42 billion by 2026, at a CAGR of 27.40% during the forecast period.

Computational Creativity Market Overview

Computational creativity is the search for innovative ideas and experiments in fields as diverse as art, literature, engineering, etc. It is the application of computer technology to simulate, study and enhance human creativity. It is applied in artificial intelligence to create tasks in computers such as painting, sculpture, and working fiction. Rapid advances in technology in the field of artificial intelligence and computational creativity software leverage deep learning and machine learning algorithms to design more personalized experiences for customers. It involves experimentation with the aim of developing thought processes and innovative ideas in various fields such as engineering, architecture, art, music, gastronomy, and literature. The increasing adoption of computer-based creative solutions is majorly driving the growth of the computational creativity market. Furthermore, the automation of creative tasks drives the growth of the market. However, the slow adoption of AI technologies in developing economies is hampering the growth of the computational creativity market. Moreover, increasing investments in computational creativity by startups and the adoption of computational creativity in modern applications are expected to provide significant opportunities for the computational creativity market.

The Computational Creativity Market has been recently published by Contrive Datum Insights to its huge database which helps to shape the future of businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static as well as dynamic aspects of the global Computational Creativity market.

Some of the key players profiled in the study are:

Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players:

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) .

Industry Development:

• In March 2017, Microsoft partnered with Steelcase to develop technology-enabled workplace solutions based on Microsoft Azure IoT technology. This development helps users enhance key behaviors at work.
• In March 2018, Adobe partnered with NVIDIA to deliver new AI services for creativity and digital experiences. The partnership helps improve the performance of Sensei-powered services for Adobe Creative Cloud and Experience Cloud customers and developers.

What are the major Applications, Types, and Regions for the Computational Creativity Market?

By technology:

• Natural Language Processing (NLP)
• Machine Learning and Deep Learning (ML and DL)
• Computer Vision

Computational Creativity Market By components:

• Solutions

1. Software Tools
2. Platform

• Services

1. Professional Services
2. Managed Services

By application:

• Marketing and Web Designing
• Product Designing
• Music Composition
• Photography and Videography
• High-End Video Gaming Development
• Automated Story Generation
• Others (Training Simulation and R&D)

Computational Creativity Market Regional Insights:

North America was the leading market and accounted for the highest share in 2019. The convergence of computational creativity with AI and IoT impacts every vertical in the US. Moreover, the market growth in the region is expected to see the emergence of several startups offering platforms to develop computational creativity solutions. This has led to increased partnerships and collaborations among several companies to advance their computational creativity.
The Asia Pacific computational creativity market is expected to register the highest CAGR during the study period. This can be attributed to rising creative spending by multinational corporations, which are striving to establish a strong presence in emerging economies, especially India and China. The region is witnessing major developments in the field of computational creativity.

Geographically, the global Computational Creativity market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, the Middle East, and India. The global region is dominating this market in the upcoming future.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
  • Denmark
  • Finland
  • Iceland
  • Sweden
  • Norway
  • Belgium
  • The Netherlands
  • Luxembourg
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Benelux Union
• Rest of Europe
• Asia-Pacific
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Rest of Southeast Asia
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Computational Creativity Market Report Scope:

Frequently Asked Questions (FAQ) about the Computational Creativity market:

What is the CAGR of the global Computational Creativity market?

The Computational Creativity Market is growing at a CAGR of 27.40% during the forecast period.

Which region would offer high growth for vendors in the Computational Creativity market?

North America was the leading market and accounted for the highest share in 2019.

Which Is the Most potential market segment?

By Types- Solutions, Services

By Applications - Marketing and Web Designing, Product Designing, Music Composition, Photography and Videography, High-End Video Gaming Development, Automated Story Generation, Others

Which are the top industry players in the Computational Creativity market?

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), Amazon Web Services (US).