What Is The Definition Of The Global AI Powered Content Creation Market?
AI-powered content creation refers to the process of generating written, visual, or audio content using artificial intelligence algorithms and tools. These technologies can automate tasks such as text generation, image synthesis, and voice synthesis to streamline content production processes and enhance creativity.
AI Powered Content Creation Global Market Report 2024 provides data on the global ai powered content creation market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The ai powered content creation market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Global AI Powered Content Creation Market Size Expected To Expand, And At What Annual Growth Rate?
The AI-powered content creation market has seen exponential growth, increasing from $2.29 billion in 2023 to $2.90 billion in 2024, with a CAGR of 21.3%. Historical growth was fueled by the rise of big data, demand for personalized content, cost and time efficiencies, increasing content volumes, and multilingual capabilities. The market is expected to grow to $6.36 billion by 2028, with a CAGR of 21.7%. Future growth will be driven by marketing automation integration, expansion in multimodal content generation, content personalization, and optimization. Key trends include hyper-personalization, AI-driven visual content, enhanced distribution, AI-powered user-generated content management, and content attribution advancements.
What Are The Key Drivers Fueling Growth In The AI Powered Content Creation Market?
The increasing number of social media users is expected to drive the growth of the AI-powered content creation market. Social media platforms allow users to create and share content, engage in networking, and communicate with others. The rising popularity of these platforms is driven by technological advances, cultural shifts, mobile accessibility, and the consumption of information. AI-powered content creation helps users and creators deliver more personalized, engaging content, enhancing user interaction on these platforms. For example, in February 2022, Avocado Social reported a 10% increase in social media users from 2020 to 2021, with 424 million new users. This growing adoption of social media is fueling the growth of the AI-powered content creation market.
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What Are The Principal Market Segments In The Global AI Powered Content Creation Industry?
The AI powered content creation market covered in this report is segmented –
1) By Type: Artificial Intelligence (AI) Writing, Artificial Intelligence (AI) Soundtrack, Artificial Intelligence (AI) Video Generation, Artificial Intelligence (AI) Speech Synthesis, Artificial Intelligence (AI) Painting
2) By Deployment Type: Cloud-Based, On-Premise
3) By Application: Large Corporation, Small And Medium Enterprises (SMEs)
Which Emerging Market Trends Are Altering The AI Powered Content Creation Sector?
In the AI-powered content creation market, leading companies are developing advanced AI-powered platforms like Birdeye Social to optimize content creation and engagement. Birdeye Social streamlines social media management by automating content generation, providing personalized recommendations, and offering insightful analytics to enhance relevance and efficiency. For example, in March 2024, Birdeye launched Birdeye Social, a platform designed for multi-location brands, which utilizes generative AI to simplify social media management. Features include AI-generated posts, multi-location publishing, engagement tracking, and automated review sharing, all tailored to meet industry-specific needs and improve social media interactions.
What Is The Leading Region In The AI Powered Content Creation Market?
North America was the largest region in the AI powered content creation market in 2023. The regions covered in the AI powered content creation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
