GenAI User Forecast 2024

Almost 2 Years After Its Explosive Public Debut, Is GenAI Evolving From Hype to Habit?

As generative AI (genAI) reshapes how businesses and consumers use digital technologies, the shift also has implications for the advertising industry. The number of genAI users is expected to reach 100 million in 2024, even as growth slows from 2023's blistering pace.

Key Question: How can advertisers leverage the potential of genAI while adapting to its influence on consumer behavior and brand awareness?

Key Stat: GenAI users in the US grew from 7.8 million in 2022 to 77.8 million in 2023, representing a nearly 900% growth rate. The growth rate is now moderating but remains strong, positioning the technology’s user base as a significant market force by 2026.

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    Table of Contents

    1. Executive Summary
    2. GenAI is in the early stages of revolutionizing how consumers and businesses use digital technologies
    3. GenAI’s rapid growth moderates as users assess the technology’s potential
    4. GenAI adoption is spurring a workplace transformation
    1. GenAI use cases vary, with text generation and personalized recommendations taking the lead
    2. The rapidly changing genAI landscape presents opportunities and challenges
    3. What should advertisers do to capitalize on genAI’s growth opportunities?
    4. EMARKETER Interviews
    1. Sources
    2. Media Gallery

    Interviewed for This Report

    Shelly Kramer
    theCUBE Research
    Managing Director, Principal Analyst
    Interviewed June 11, 2024

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    authors

    Jacob Bourne

    Contributors

    Iwona Drapala
    Senior Forecasting Analyst
    Chris Keating
    Director, Research
    Evelyn Mitchell-Wolf
    Senior Analyst, Digital Advertising & Media
    Yoram Wurmser

    "Behind the Numbers" Podcast