Deepfake AI market projected to reach $6.22 billion by 2032, driven by demand for personalized experiences.

From GlobeNewswire: 2024-12-04 07:30:00

The deepfake AI market is projected to reach USD 6.22 billion by 2032, driven by the demand for personalized digital experiences. Businesses are using deepfake technology to enhance customer engagement, with industries like entertainment and marketing leading the trend. AI advancements are improving content quality and detection capabilities, addressing concerns over misinformation.

The market is segmented into software and services, with the software sector dominating in 2023 and expected to surpass USD 4.9 billion by 2032. Cloud-based solutions accounted for 68% of the market in 2023, offering scalability, flexibility, and cost-effectiveness. North America led the market in 2023, with the U.S. driving investment in deepfake technology.

Regulatory frameworks are evolving to address ethical concerns around deepfake technology. The market is characterized by advancements in AI and ML algorithms, leading to more realistic deepfake content. Cloud-based solutions are in high demand for their efficiency and data security features. The rise in remote work has also contributed to the market growth of deepfake AI technology.



Read more at GlobeNewswire: Deepfake AI Market to surpass $6.22 Bn by 2032, Says Global