What Fueled The Previous Growth In The Artificial Intelligence AI Video Generator Market?
The artificial intelligence ai video generator market has seen considerable growth due to a variety of factors.
• Recently, the market size for the artificial intelligence (AI) video generator has experienced significant growth. It's predicted that it will increase from $0.69 billion in 2024 to $0.85 billion in 2025, representing a compound annual growth rate (CAGR) of 22.9%.
The expansion in the historic period was driven by factors such as the escalating demand for social media advertising, high-quality video content, a rise in the number of internet users, higher expenditure on digital marketing, and the popularity of short videos.
What Can Be Expected from the Artificial Intelligence AI Video Generator Market Size?
The artificial intelligence ai video generator market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated significant expansion will be witnessed in the artificial intelligence (AI) video generator market size over the forthcoming years. The market is projected to burgeon to $1.92 billion by 2029, with an impressive compound annual growth rate (CAGR) of 22.6%.
The expansion during the forecasted period is ascribed to factors such as an increase in the count of social media users, a surge in the demand for video creation tools, personalized and interactive content, the emergence of virtual and augmented reality, the surging popularity of virtual events, and growing e-commerce applications. Noteworthy trends for the forecasted span involve real-time video generation, cross-modal video generation, interactive and immersive video experiences, natural language processing (NLP), computer vision, speech recognition, the Internet of Things (IoT), blockchain, and the evolution of AI-driven content creation platforms and tools.
What Are the Critical Driver Fuelling The Artificial Intelligence AI Video Generator Market's Growth?
The AI video generator market is anticipated to witness significant growth owing to the increasing usage of social media. Social media encompasses online sites and platforms enabling users to generate and share content, engage with others, and be a part of virtual communities. Factors such as enhanced internet accessibility, a surge in smartphone usage, the need for connectivity, ease of content generation, and the emergence of influencer culture and online communities are driving the growth of social media usage. AI video generators on these platforms promote content generation, personalization, and user engagement, thereby offering an engaging and immersive social media experience. They automatically produce videos using images, text, and videos provided by users. For instance, Meltwater, a software company based in the Netherlands, reported in February 2023 that there were 28.75 million Instagram users and 35 million LinkedIn subscribers. Also, as per a report by Meta Platforms Inc., a US-based social networking firm, in December 2022, 2.93 billion users accessed at least one social media platform in September 2022, which later climbed to 2.96 billion by December 2022. Hence, the rising use of social media is propelling the AI video generator market's growth.
How Is The Artificial Intelligence AI Video Generator Market segmented?
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
Subsegments:
1) By Solution: AI Video Editing Software, AI Video Creation Tools, AI-Based Animation Software
2) By Services: AI Video Generation As A Service, Consulting and Integration Services, Custom AI Video Solutions
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What New Trends Are Influencing The Artificial Intelligence AI Video Generator Market?
Prominent firms in the AI video generator sector are concentrating on the creation of unique solutions like text-to-video models, to secure a competitive advantage in the market. These models facilitate automated video creation from text descriptions, enabling users to generate compelling visual content without any need for manual video editing or production skills. For example, OpenAI, an artificial intelligence company based in the US, launched Sora, a new generative AI model, in February 2024. This model enables users to create photorealistic videos from written cues, with the capability to design complex scenes with numerous characters, distinct motion types, and accurate subject and background details. Sora employs a transformer architecture, similar to GPT models, and represents videos and images through a grouping of smaller data segments known as patches.
Who Are the Key Players In The Artificial Intelligence AI Video Generator Market?
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
What Is The Most Dominant Region In The Artificial Intelligence AI Video Generator Market?
Asia-Pacific was the largest region in the AI video generator market in 2024. 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.
