What Has Been the Progress and Growth of the Text To Video AI Market in Recent Years?
The text to video ai market has seen considerable growth due to a variety of factors.
• In recent years, the market size for AI-powered text-to-video has seen an explosive growth. Projected growth suggests an increase from $0.31 billion in 2024 to $0.4 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 29.5%.
This surge in the past period can be credited to a heightened demand for visual content, the popularity of social media, accessibility features, demands from the entertainment industry, and a focus on enhancing user engagement.
What Is The Expected Growth In The Text To Video AI Market Size Evolve over the Forecast Period?
The text to video ai market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipations for the text-to-video AI market project a boost in the impending years with the size expected to escalate to $1.18 billion by 2029, facilitated by an impressive compound annual growth rate (CAGR) of 30.9%.
Several factors contribute to the growth during the projection period including multilingual capabilities, proliferation of online learning, instant video creation, advancement in facial expressivity recognition, and improvement in visual realism and quality. Prominent trends observed throughout the period include compatibility with voice and speech-synthesizing technology, incorporation with content management systems, emphasis on ethical AI practices, cross-platform compatibility and partnerships with virtual reality (VR).
What Main Forces Are Fueling Expansion In The Text To Video AI Market?
The text-to-video AI market's growth is projected to be fueled by the escalating consumption of video content. Video content pertains to visual materials prepared in a video front, created, produced, and spread for various motives such as entertainment, education, marketing, communication, and information broadcasting. The method of transmuting text-based matter into video format is simplified and speeded up using text-to-video AI technology. This technology is an invaluable asset for content makers and firms wishing to boost their video material plan. For instance, a survey by Wyzowl, a UK-based firm specialising in video marketing and software, found that the uptake of video content marketing by businesses had risen to 91% in February 2023. This marked an increase from the 86% recorded in 2022. Hence, the growing consumption of video content is anticipated to drive the text-to-video AI market's development. The growth of the text-to-video AI market is expected to surge due to the escalating utilization of social media platforms. These platforms are digital spaces or websites that inspire the making, sharing, and interaction of content generated by users, as well as networking and communication among users. These platforms are perfect for disseminating content generated by Text-to-Video AI. Businesses and content creators can directly share their video content on platforms like Facebook, Instagram, Twitter, LinkedIn, and TikTok to encompass a larger audience. For instance, data from the Search Engine Journal from July 2023 shows that there were 150 million more social media users from April 2022 to April 2023, a 3.2% annual increase. Additionally, there are 4.8 billion social media users worldwide, constituting 59.9% of the global populace and 92.7% of all internet users. Thus, the increasing reliance on social media platforms is anticipated to drive growth in the text-to-video market.
What Are The Primary Segments In The Global Text To Video AI Market?
The text-to-video ai market covered in this report is segmented –
1) By Component: Software, Services
2) By Deployment: Cloud, On-Premises
3) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises
4) By Application: Education, Food And Beverage, Media And Entertainment, Fashion And Beauty, Retail And E-Commerce, Healthcare, Travel And Hospitality, Real Estate, Other Applications
Subsegments:
1) By Software: Text-To-Video Creation Tools, Editing And Enhancement Software, Platform-As-A-Service (Paas) Solutions
2) By Services: Custom Video Generation Services, Consultation And Integration Services, Training And Support Services
Pre-Book The Text To Video AI Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Trends Are Reshaping The Future Of The Text To Video AI Market?
Leading enterprises in the text-to-video AI market are innovating with AI technologies like Make-A-Video. This tool simplifies the process of video creation and enhances the availability of video content. The newly introduced AI system, Make-A-Video, enables individuals to convert text instructions into short, quality video clips, hence facilitating text to video generation. For example, in September 2022, the U.S. tech company, Meta Platforms, Inc., launched Make-A-Video, a cutting-edge AI system that morphs text prompts into superior video clips. This groundbreaking AI tech is based on generative AI research and harnesses paired text-image data and video content to comprehend the world's visual and kinetic elements. With only a few inputs, it encourages creators to actualize their creative concepts, yielding distinct videos enriched with vivid colors, characters, and settings. It amalgamates natural language processing (NLP) and computer vision technology to convert text descriptions into videos.
Who Are the Key Players In The Text To Video AI Market?
Major companies operating in the text-to-video ai market report are:
• Google LLC
• Alibaba Group Holding Limited
• Meta Platforms Inc.
• International Business Machines Corporation (IBM)
• Baidu Inc.
• VistaCreate
• Vimeo Inc.
• Animaker Inc.
• Vedia AI
• Vyond Inc.
• Animoto Inc.
• Powtoon Ltd.
• Movio Ltd.
• Ezoic Inc.
• Creatopy
• Synthesia
• Renderforest
• De-identification Ltd.
• Wideo Inc.
• Wavve
• Videolicious Inc.
• Biteable
• Wochit Inc.
• Raw Shorts
• Clipchamp
• DeepBrain AI
• Moovly
• Designs-ai
What Is The Most Dominant Region In The Text To Video AI Market?
North America was the largest region in the text-to-video AI market in 2024. The regions covered in the text-to-video ai market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
