The artificial intelligence (ai) video generator 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) Video Generator 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 AI video generator market size has grown exponentially in recent years. It will grow from $0.57 billion in 2023 to $0.69 billion in 2024 at a compound annual growth rate (CAGR) of 22.4%. The growth in the historic period can be attributed to the demand for social media advertising, demand for quality video content, the number of internet users, spending on digital marketing, and short videos.
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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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) Video Generator Market Overview
Market Drivers –
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.
Market Trends –
Major companies operating in the AI video generator market are focused on developing innovative solutions, such as text-to-video models, to gain a competitive edge in the market. Text-to-video models enable automated video production from textual descriptions, allowing users to create engaging visual content without the need for manual video editing or production expertise. For instance, in February 2024, OpenAI, a US-based artificial intelligence company, introduced Sora, a new generative AI model that can create detailed videos from simple written prompts. This text-to-video model allows users to create photorealistic videos based on prompts they’ve written, with the ability to generate complex scenes with multiple characters, specific types of motion, and accurate details of the subject and background. It uses a transformer architecture, similar to GPT models, and represents videos and images as collections of smaller data units called patches.
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
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Regional Insights –
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.
Key Companies –
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
Table of Contents
1. Executive Summary
2. Artificial Intelligence (AI) Video Generator Market Report Structure
3. Artificial Intelligence (AI) Video Generator Market Trends And Strategies
4. Artificial Intelligence (AI) Video Generator Market – Macro Economic Scenario
5. Artificial Intelligence (AI) Video Generator Market Size And Growth
…..
27. Artificial Intelligence (AI) Video Generator Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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