Global AI-Powered Design Tools Market Projected to Reach $5.54 Billion in 2024, Driven by Burgeoning Demands for Personalized Design Solutions, and Necessity for Swift Prototyping - Foreca...
Adobe Inc. (ADBE)
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Source: Yahoo! Finance
Global AI-Powered Design Tools Market Projected to Reach $5.54 Billion in 2024 Overview of Market Growth The AI-powered design tools market is experiencing an unprecedented growth surge, with projections indicating an ascent from $4.54 billion in 2023 to $5.54 billion in 2024, marking a robust compound annual growth rate (CAGR) of 21.9%. This remarkable expansion is fueled by the augmented adoption of automation within design processes, an intensified focus on the user experience (UX) and user interface (UI) design, an escalating demand for tailored design solutions, the pursuit of accessible and democratized design tools, and the burgeoning requirement for visually compelling digital content in the e-commerce sector. Future Growth and Innovations The sector is poised for continued exponential growth, with expectations of reaching $12.34 billion by 2028, growing at a CAGR of 22.2%. Anticipated to shape this trajectory are the rising adoption rates of AI-powered tools across d
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ADBE
Earnings
- 6/13/24 - Beat
ADBE
Sec Filings
- 6/28/24 - Form 4
- 6/27/24 - Form 144
- 6/26/24 - Form S-8
- ADBE's page on the SEC website