From GlobeNewswire: 2024-04-12 16:00:00

The Global Deepfake AI Market is projected to grow from USD 6.83 billion in 2023 to USD 119.34 billion by 2033, with a CAGR of 33.12%. Deepfake AI utilizes strong machine learning algorithms to create realistic but fabricated content. This technology is used in fields like entertainment, advertising, and virtual reality creation.

A recent incident on Zerodha, a stock market website, highlighted the potential fraud risks involving deepfake technology. Users can manipulate various aspects of their accounts, highlighting the need for safeguards against misuse. Deepfake AI can create realistic-looking pictures, movies, and audio recordings by mimicking human behavior using neural networks.

The video deepfake segment is expected to dominate the global deepfake AI market with the highest share. Video deepfakes are commonly used in scams due to the impactful nature of visual content. The media & entertainment sector is anticipated to exhibit the fastest growth, leveraging deepfake AI to enhance visual effects in films and games.

Asia Pacific is leading the deepfake AI market due to high demand for AI technology in industries like entertainment and ecommerce. The region benefits from government initiatives and investments in AI research. North America is expected to experience rapid growth driven by advancements in deepfake technology and increasing demand for personalized content experiences.

Major players in the global deepfake AI market include Intel, Microsoft, Google, and others, competing based on product offerings, business strategies, and market presence. Recent developments include McAfee’s Project Mockingbird for detecting deepfake audio. The market is segmented by type, end-user, and region, offering insights into revenue projections until 2033.

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Read more at GlobeNewswire: Global Deepfake AI Market Size To Exceed USD 119.34 Billion