The AI video generator market size is expected to see exponential growth in the next few years. It will grow to $1.57 billion in 2028 at a compound annual growth rate (CAGR) of 22.7%. The growth in the forecast period can be attributed to the growing number of social media users, demand for video creation tools, demand for personalized and interactive content, the rise of virtual and augmented reality, the increasing popularity of virtual events, and growing e-commerce applications. Major trends in the forecast period include real-time video generation, cross-modal video generation, interactive and immersive video experiences, natural language processing (NLP), computer vision, and speech recognition, the Internet of Things (IoT), blockchain, and the development of AI-driven content creation platforms and tools.
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Segmentation & Regional Insights
The artificial intelligence (ai) video generator market covered in this report is segmented –
1) By Component: Solution, Services
2) By Source: Text To Video, PowerPoint To Video, Spreadsheet To Video
3) By Organization Size: Large Enterprises, Small And Midsize Enterprises (SMEs)
4) By End-User: Marketing, E-Commerce, Educational Institutions, Information Technology And Telecommunication, Healthcare, Other End-Users
Asia-Pacific was the largest region in the AI video generator market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence (AI) video generator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing utilization of social media is expected to propel the growth of the AI video generator market going forward. Social media refers to online platforms and websites that allow users to create and share content, interact with others, and participate in virtual communities. Social media utilization is increasing due to factors such as growing internet access, the proliferation of smartphones, the desire for connectivity, the ease of content creation, and the rise of influencer culture and online communities. AI video generators on social media platforms enhance content creation, personalization, and user engagement, leading to a more dynamic and immersive social media experience. It automatically creates videos from user-provided content such as images, text, and videos. For instance, in February 2023, according to Meltwater, a Netherlands-based software company, there were 28.75 million Instagram users and 35 million LinkedIn subscribers. Furthermore, in December 2022, according to a report published by Meta Platforms Inc., a US-based social networking company, 2.93 billion users visited one or more social media platforms in September 2022. This number had increased to 2.96 billion by December 2022. Therefore, the growing utilization of social media is driving the growth of the AI video generator market.
Key Industry Players
Major companies operating in the artificial intelligence (AI) video generator market report are Amazon.com Inc.; Google LLC; Microsoft Corporation; Alibaba Group Holding Limited; Facebook Inc.; Huawei Technologies Co. Ltd; Sony Corporation; Tencent Holdings Limited; Intel Corporation; International Business Machines Corporation; NVIDIA Corporation; Baidu Inc.; Adobe Inc.; Activision Blizzard Inc.; Autodesk Inc.; OpenAI Inc.; Vimeo Inc.; Kaltura; Synthesia Ltd.; Animoto Inc.; HeyGen; InVideo Inc.; Lumen5 Technologies Ltd; Magisto; Pictory Corp.; Typito; Moovly; Prontopia; FlexClip; DeepBrain AI; Steve.AI
The artificial intelligence (ai) video generator market report table of contents includes:
1. Executive Summary
2. Artificial Intelligence (AI) Video Generator Market Characteristics
3. Artificial Intelligence (AI) Video Generator Market Trends And Strategies
4. Artificial Intelligence (AI) Video Generator Market – Macro Economic Scenario
5. Global Artificial Intelligence (AI) Video Generator Market Size and Growth
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32. Global Artificial Intelligence (AI) Video Generator Market Competitive Benchmarking
33. Global Artificial Intelligence (AI) Video Generator Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Artificial Intelligence (AI) Video Generator Market
35. Artificial Intelligence (AI) Video Generator Market Future Outlook and Potential Analysis
36. Appendix
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