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Generative AI Market worth $1,658.97 billion by 2033 – Report by MarketsandMarkets™

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DELRAY BEACH, Fla., July 31, 2026 /PRNewswire/ — According to MarketsandMarkets™, the global Generative AI Market is projected to grow from USD 185.45 billion in 2026 and to reach USD 1,658.97 billion by 2033, at a Compound Annual Growth Rate (CAGR) of 36.8% during the forecast period.

Browse 900 market data Tables and 70 Figures spread through 700 Pages and in-depth TOC on “Generative AI Market – Global Forecast to 2033”

Generative AI Market Size & Forecast:

Market Size Available for Years: 2021–20332025 Market Size: USD 119.51 billion2026 Market Size: USD 185.45 billion2033 Projected Market Size: USD 1,658.97 billionCAGR (2026–2033): 36.8%

Generative AI Market Trends & Insights:

Growth is being driven by the rapid integration of foundation models, multimodal AI, copilots, and autonomous agents into enterprise applications and workflows.By offering, the infrastructure segment is estimated to account for the largest share of 46.1% in 2026.By data modality, the text data modality segment is estimated to account for the largest share of 39.1% in 2026.By application, the content generation & management segment is poised to dominate the market in 2026.By vertical, the enterprise gen AI end users segment is slated for the fastest growth during the forecast period.Asia Pacific is poised to register the highest growth rate of 40.3% during the forecast period.

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Growth is being driven by the rapid commercialization of foundation models, enterprise copilots, multimodal systems, and agentic AI across software development, customer operations, research, analytics, content creation, and business-process automation. Organizations are moving beyond small-scale pilots and embedding generative AI into core workflows, creating demand for computing infrastructure, model-development platforms, customization, enterprise data integration, governance, cybersecurity, and managed services. Improvements in model reasoning, context handling, tool use, and inference efficiency are further expanding commercially viable use cases. However, high infrastructure costs, model reliability concerns, data-security risks, intellectual-property issues, regulatory uncertainty, and difficulty demonstrating returns on investment may slow adoption, particularly among smaller organizations and highly regulated industries.

Large-scale investment in accelerators and AI-optimized data centers will keep Gen AI infrastructure at the forefront of spending in 2026

By offering, the infrastructure segment is expected to account for the largest share of the Generative AI Market in 2026, supported by sustained spending on accelerator chips, high-bandwidth memory, storage systems, and high-speed networking required for model training and inference. The growing size and complexity of foundation models, multimodal workloads, and long-running AI agents are increasing demand for dense computing clusters, optimized server architectures, and low-latency interconnects. Hyperscale cloud providers, model developers, sovereign AI programs, and large enterprises are investing heavily in infrastructure to expand training capacity and support production-scale inference. Demand is also moving beyond GPUs toward integrated AI systems that combine accelerators, memory, networking, storage, and software optimization. As generative AI adoption expands across cloud, on-premises, and edge environments, hardware vendors are positioned to benefit from both new infrastructure deployments and the continuing replacement of general-purpose systems with AI-optimized architectures.

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Healthcare, pharmaceuticals & life sciences segment to grow fastest during the forecast period as generative AI moves deeper into research and clinical workflows

The healthcare, pharmaceuticals & life sciences segment is projected to record the highest CAGR among end-user segments during the forecast period. Generative AI is increasingly being applied to drug discovery, clinical-document summarization, medical knowledge retrieval, patient communication, regulatory documentation, trial design, scientific research, and administrative automation. Multimodal gen AI models are also creating opportunities to combine clinical text, medical images, laboratory information, genomic data, and research literature within integrated decision-support environments. Pharmaceutical companies are adopting generative AI to accelerate target identification, molecule design, evidence synthesis, and submission preparation, while healthcare providers are exploring its use in documentation, coding, care coordination, and patient engagement. Growth will be supported by demand for domain-specific models, secure deployment environments, explainability, data privacy, and human oversight. Although regulatory requirements and concerns regarding accuracy may moderate deployment, the high value of improved research productivity and reduced administrative burden is expected to sustain strong investment.

A dense concentration of hyperscalers, frontier-model developers, and enterprise technology buyers secures North America’s position as the largest regional market in 2026

North America is expected to account for the largest share of the Generative AI Market in 2026 because of its concentration of semiconductor companies, hyperscale cloud providers, foundation-model developers, enterprise software vendors, research institutions, startups, and large technology buyers. The region benefits from substantial data-center investment, mature cloud infrastructure, strong venture funding, and early enterprise adoption across BFSI, healthcare, defense, professional services, media and entertainment, and IT. US-based companies occupy leading positions across the generative AI value chain, including accelerators, cloud compute, models, development platforms, governance systems, applications, and consulting services. Enterprises in the region are also progressing from isolated tools toward integrated deployments connected with organizational data, business applications, and automated workflows. Continued investment in AI infrastructure, energy capacity, cybersecurity, and workforce development is expected to reinforce North America’s leadership as generative AI adoption scales.

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Top Companies in Generative AI Market:

The Top Companies in Generative AI Market are NVIDIA (US), Microsoft (US), Google (US), Amazon Web Services (US), IBM (US), OpenAI (US), Anthropic (US), Meta (US), Mistral AI (France), and Cohere (Canada), among others. These companies compete across hardware, foundation models, development platforms, governance and security systems, agentic AI platforms, applications, and services. The report also examines specialist and emerging vendors that are expanding innovation in model development, inference optimization, multimodal generation, enterprise agents, AI governance, and industry-specific applications.

Browse Adjacent Markets: Artificial Intelligence (AI) Market Research Reports & Consulting

Related Market Reports:

Artificial Intelligence (AI) Market by Offering [Hardware (AI Chips, Memory, Storage), Software, Services], Technology (ML, NLP, Generative AI, Neurosymbolic AI), Business Function (Operations & Supply Chain, Sales & Marketing) – Global Forecast to 2033

AI Agents Market by Agent Role (Productivity & Personal Assistant, Sales, Marketing, Code Generation, Operations & Supply Chain), Offering (Vertical AI Agents, Horizontal AI Agents), Agent System (Single Agent, Multi Agent) – Global Forecast to 2030

About MarketsandMarkets™  

MarketsandMarkets™ has been recognized as one of America’s Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

MarketsandMarkets™ SalesPlay is an AI-driven Revenue Intelligence Co-Pilot designed to help revenue teams prioritize the right accounts, identify critical changes early, and surface opportunities ahead of demand, so pipeline builds naturally and deals close with greater consistency.

To find out more, visit www.MarketsandMarkets™.com or follow us on TwitterLinkedIn and Facebook.

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SOURCE MarketsandMarkets

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SparkLabs and Mirae Asset Launch a Venture Capital Fund for Central Asian Startups

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SEOUL, South Korea, Sept. 20, 2026 /PRNewswire/ — Qazaqstan Investment Corporation (QIC), IT Park Ventures (Uzbekistan), Mirae Asset Venture Investment and SparkLabs Group have signed a term sheet to establish SparkLabs Mirae Silk Road Fund I LP, a new venture capital fund. The fund will be managed by Mirae Asset Venture Investment and SparkLabs Group.

The signing took place in Seoul during the state visits of the Presidents of Kazakhstan and Uzbekistan to Korea and the first Central Asia–Republic of Korea Summit.

During this past week, South Korea and Kazakhstan signed commercial agreements worth US$18.95 billion. Kazakhstan is a country of 20 million people with its core industries being oil and gas, and among the highest producers of iron and silver in the world. Uzbekistan is a country of 39 million people, and they are the largest electricity producer in Central Asia.

Qazaqstan Investment Corporation (QIC) is Kazakhstan’s national fund of funds and are anchor investors along with IT Park Ventures, the venture capital arm of the country’s state technology park. The new venture capital fund will back Central Asian startups at the Series A and later, which are businesses with a proven model that are ready to scale beyond the region. The fund is sector-agnostic but focuses on AI-native companies, where artificial intelligence is core to the product and business model.

“Higgsfield becoming Kazakhstan’s first unicorn was a turning point. It showed that a world-class AI company can be built in Central Asia. And it won’t be the last with more than half of the region’s population is under 30, growing up digital and our governments actively investing in AI. Yet the region is still largely overlooked by international investors, and that’s the opportunity this fund is built for,” explained Aslan Sultanov, Co-founder and General Partner at SparkLabs Mirae Silk Road.

Former Coinbase CTO and Partner at Andreessen Horowitz, Balaji Srinivasan, reopened his Network School in Kazakhstan last month. Telegram launched an AI lab and opened their first regional office in Kazakhstan this past year.

Beyond capital, portfolio companies will gain access to the SparkLabs and Mirae Asset’s global networks, along with hands-on support in expanding into South Korea, the United States and the MENA region.

About the Partners

SparkLabs Group is a network of startup accelerators and venture capital funds that has invested in over 600 startups across 6 continents since December 2013. These companies include OpenAI, SpaceX, Vectara, Kneron, Anthropic, Nex Team, Kraken, GenG, Lyft, MetAI, and others.

Mirae Asset Venture Investment is the venture capital arm of Mirae Asset Financial Group, one of Asia’s largest independent financial groups with over US$845 billion in assets under management. The company operates worldwide across 18 markets, and manages a fully diversified global investment platform encompassing ETFs, alternative investments, and traditional strategies.

Qazaqstan Investment Corporation (QIC) is Kazakhstan’s national fund of funds and part of Baiterek National Managing Holding. QIC invests in private equity and venture capital funds alongside international and private partners, with the goal of attracting long-term capital into Kazakhstan and developing the country’s investment ecosystem. QIC participates in 19 funds with a combined capitalization of $2.8 billion.

IT Park Ventures is the venture capital arm of IT Park Uzbekistan, the country’s state technology park and the main platform supporting Uzbekistan’s IT industry and tech exports. IT Park Ventures invests in startups from Uzbekistan and Central Asia and co-invests with international funds, connecting regional founders with global capital and markets.

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SOURCE SparkLabs Group

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AECOM Data Breach Investigation: Edelson Lechtzin LLP Probes Class Action Claims After Hackers Allege Theft of More Than 1 TB of Data

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National class action law firm offers free, confidential case evaluations to AECOM employees, clients, and others whose personal information may have been exposed in the reported AECOM data breach.

DALLAS, Sept. 20, 2026 /PRNewswire/ — Edelson Lechtzin LLP, a national class action law firm, is investigating data privacy claims arising from a reported data breach at AECOM, the U.S.-based multinational infrastructure and engineering firm. Anyone who has received a data breach notice from AECOM, or who believes their personal information may have been exposed, can request a free case evaluation.

AECOM data breach — at a glance:

Company: AECOM, a Texas-based, multibillion-dollar multinational infrastructure consulting, engineering, design, and construction management firm.Reported: A cyberattack said to have occurred on or about September 17, 2026, first surfaced on dark web monitoring sites.Hackers’ claims: The group Metaencryptor claimed responsibility for an attack said to involve approximately 1.22 terabytes (TB) of data. Separately, dark web monitoring service Breachsense listed a related AECOM leak of roughly 670GB attributed to a group identified as BrainCipher.Status: The breach and the hackers’ claims remain unconfirmed. AECOM has not publicly detailed the scope or impact.Who may be affected: Current and former AECOM employees, clients, and others whose data AECOM held.Cost to you: Nothing. Case evaluations are free and confidential.

What Happened

According to a September 17, 2026 post on the dark web monitoring site Ransomware.live, the hacker group Metaencryptor claimed responsibility for a cyberattack on AECOM that allegedly affected about 1.22 TB of data. The cybersecurity blog HookPhish similarly reported that Metaencryptor was behind a suspected attack on the engineering firm.

Separately, the dark web monitoring service Breachsense reported an AECOM data leak listed at approximately 670GB, attributed to a group it identified as BrainCipher. Breachsense also indexed thousands of AECOM-linked credentials circulating online, including 27,434 @aecom.com accounts drawn from external breaches and 6,077 credentials tied to aecom.com itself — among them thousands of logins found in “combo lists” and in infostealer malware logs, many with plaintext passwords. Breachsense cautioned that those credentials may belong to either customers or staff and are not necessarily connected to the claimed attack.

The breach has not been confirmed, and important details (including its true scope, the specific data involved, and the number of people affected) are not yet publicly available.

What Personal Information May Be at Risk

The specific data involved in the reported AECOM data breach has not been confirmed. Data breaches like this can expose personal information, increasing the risk of identity theft and fraud. Affected individuals should treat any AECOM breach notification seriously.

Who May Be Affected by the AECOM Data Breach

The investigation focuses on current and former AECOM employees, clients, and anyone else whose personal information AECOM maintained. Anyone who has received a data breach notification from AECOM may face an increased risk of identity theft and fraud and is encouraged to come forward.

Your Legal Options

Edelson Lechtzin LLP is investigating a potential class action to pursue legal remedies on behalf of individuals whose sensitive personal data may have been compromised in the reported AECOM breach. A successful case could recover compensation for losses such as lost time, out-of-pocket costs, and loss of privacy, and could push AECOM to strengthen how it protects personal information. The firm will evaluate your rights and potential claims at no cost.

Recommended Steps to Protect Yourself

Review your account statements and credit reports regularly and stay alert for suspicious activity.Confirm whether your information was involved in the AECOM incident.Preserve any letters or emails you received about the breach.Consider placing fraud alerts and enrolling in credit monitoring.

Contact Us for a Free Case Evaluation

Speak confidentially with a data privacy attorney today: Marc Edelson, Esq., Edelson Lechtzin LLP, 411 S. State Street, Suite N-300, Newtown, PA 18940; Phone: 844-696-7492; Email: medelson@edelson-law.com; Web: www.edelson-law.com. Or click HERE to request a free consultation.

About Edelson Lechtzin LLP

Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to data breach litigation, the firm handles class and collective actions involving securities and investment fraud, federal antitrust violations, ERISA employee benefit plans, wage theft, and consumer fraud.

Media and Partnership Inquiries: Use the contact information above to connect with our team regarding interviews, co-counsel opportunities, and referral partnerships.

Legal Notice: This press release may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee a similar outcome. The reported data breach and the hackers’ claims described above are unconfirmed.

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SOURCE Edelson Lechtzin LLP

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iScreen Reaches No. 1 in Graphics & Design Across 94 Markets Following iOS 27 Update

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Extra-large widget experiences, iOS 27-inspired themes and new customization tools drive iScreen’s latest global growth

LOS ANGELES, Sept. 20, 2026 /PRNewswire/ — iScreen, a mobile customization app for iOS and Android, announced that it has reached No. 1 in the Graphics & Design category across 94 countries and regions following its latest iOS 27-focused update.

The update expands iScreen’s Home Screen customization experience with new extra-large widgets, iOS 27-inspired themes, layouts optimized for new screen proportions, and AI-assisted design tools.

Extra-Large Widgets

Built for the larger widget canvas available in iOS 27, iScreen’s new extra-large widgets go beyond simply scaling up existing formats. The collection includes Photo, Album, Music, Calendar, Interactive Refrigerator and Quick Launch widgets, among others. Users can also customize content, layouts and visual styles to create more functional and expressive Home Screen experiences.

iOS 27-Inspired Themes and iPhone Duo Theme Support

iScreen has introduced new iOS 27-inspired themes that combine coordinated wallpapers, transparent-style widgets, icons and other visual elements into complete Home Screen setups.

Selected themes have also been optimized for iPhone Duo’s screen proportions and display dimensions, with wallpapers, widgets and icons adjusted to better fit the new format while maintaining a cohesive visual experience.

AI-Assisted Home Screen Design

iScreen is also testing AI Home Screen Designer with a limited group of users. The feature generates coordinated design suggestions based on users’ preferences for style, color and visual elements, combining wallpapers, widgets and icons into a unified setup.

“The latest iOS update has opened up new possibilities for mobile personalization,” said the iScreen team. “We want to turn those capabilities into practical and creative experiences that make Home Screen design easier and more expressive.”

About iScreen

iScreen is a mobile customization app offering widgets, wallpapers, themes and Home Screen customization tools for iOS and Android devices. With more than 100 million users worldwide, iScreen has ranked No. 1 in Graphics & Design across 94 countries and regions and has been featured by Apple Editorial in 128 countries for five consecutive days.

Official Website: iScreen – Phone Style, iScreen it!
iOS Download: ‎‎iScreen – Widgets & Wallpaper App – App Store
Android Download: iScreen Google Play

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