The artificial intelligence (ai) content generation global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Artificial Intelligence (AI) Content Generation Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The artificial intelligence (AI) content generation market size has grown exponentially in recent years. It will grow from $2.22 billion in 2023 to $3.28 billion in 2024 at a compound annual growth rate (CAGR) of 47.4%. The growth in the historic period can be attributed to personalization and audience engagement, competitive pressure, globalization and multilingual content needs, integration with existing systems, accessibility, and affordability.
The artificial intelligence (AI) content generation market size is expected to see exponential growth in the next few years. It will grow to $15.55 billion in 2028 at a compound annual growth rate (CAGR) of 47.6%. The growth in the forecast period can be attributed to content volume and diversity, multilingual and global content needs, integration with emerging technologies, collaboration and integration with human writers, and demand for real-time and dynamic content. Major trends in the forecast period include a focus on content quality and authenticity, multimodal content generation, semantic understanding and contextual generation, semantic understanding and contextual generation, and hyperlocal content generation.
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Scope Of Artificial Intelligence (AI) Content Generation Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Artificial Intelligence (AI) Content Generation Market Overview
Market Drivers –
The increasing demand for personalized marketing experiences will propel the growth of the artificial intelligence (AI) content generation market going forward. Personalized marketing refers to tailoring marketing efforts and content to individual consumers or specific audience segments based on their preferences, behaviors, demographics, and past interactions with the brand. The demand for personalized marketing is rising as tailored experiences drive higher engagement and loyalty by meeting individual consumer preferences and needs. AI content generation empowers marketers to deliver highly relevant, engaging, and personalized experiences to their target audience, driving customer satisfaction, loyalty, and business growth through customized marketing initiatives. For instance, in February 2024, according to a survey conducted by Wyzowl, a UK-based video marketing agency and software company, in a survey of 967 unique respondents, the adoption of video content marketing by businesses increased to 91%, reflecting an increase from the 86% usage rate observed in 2022. Moreover, 75% of video marketers report utilizing AI tools to aid in creating or editing marketing videos. Therefore, increasing demand for personalized marketing experiences drives the growth of the artificial intelligence (AI) content generation market.
Market Trends –
Major companies operating in the artificial intelligence (AI) content generation market are focusing on developing multimodal content generation solutions such as the generative AI model for text and image generation, to meet the growing demands for personalized and creative content. Text and image generation models encompass a range of advanced machine learning architectures designed to produce textual content and visual images automatically. For instance, in March 2023, Adobe Inc., a US-based computer software company, launched its new product, the generative AI model Firefly, designed to enhance the creative process by providing advanced tools and capabilities for generating, manipulating, and creating visual content more efficiently and effectively. Firefly boasts various features, including image generation, manipulation, style transfer, content creation assistance, workflow automation, personalization, and seamless integration with Adobe’s Creative Suite, revolutionizing content creation workflows with its advanced capabilities.
The artificial intelligence (ai) content generation market covered in this report is segmented –
1) By Content Format: Textual, Graphical, Video, Audio, Other Formats
2) By Type: Cloud Based, On-Premise
3) By Application: Large Corporation, Small And Medium-Sized Enterprises (SMEs)
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Regional Insights –
North America was the largest region in the artificial intelligence (AI) content generation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence (AI) content generation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the artificial intelligence (AI) content generation market report are Amazon Web Services Inc.; International Business Machines Corporation; NVIDIA Corporation; Salesforce.com Inc.; Adobe Inc; OpenText Corporation; OpenAI; Rytr Inc.; Grammarly Inc.; SEMrush Inc.; Pepper Content Pvt. Ltd.; Jasper AI Inc.; Anyword Inc.; Unbounce Marketing Solutions Inc. ; TextExpander ; Hugging Face Inc.; Acrolinx GmbH ; Uberflip Technologies Inc. ; AI21 Labs Ltd.; Copy.ai; Narrative Science Inc. ; Phrasee Ltd.; In World AI LLC ; ContentCal Ltd
Table of Contents
1. Executive Summary
2. Artificial Intelligence (AI) Content Generation Market Report Structure
3. Artificial Intelligence (AI) Content Generation Market Trends And Strategies
4. Artificial Intelligence (AI) Content Generation Market – Macro Economic Scenario
5. Artificial Intelligence (AI) Content Generation Market Size And Growth
…..
27. Artificial Intelligence (AI) Content Generation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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