AI video generator Market is expected to grow with a CAGR of 20.2% from 2023 to 2030.
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Generative AI is a form of artificial intelligence in which algorithms automatically produce content in the form of text, images, audio and video. These systems have been trained on massive amounts of data, and work by predicting the next word or pixel to produce a creation.
This report describes the global market size of AI video generator Market from 2018 to 2021 and its CAGR from 2018 to 2021, and also forecasts its market size to the end of 2030 and its expected to grow with a CAGR of 20.2% from 2023 to 2030.
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Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for AI video generator Market estimated at US $ million in the year 2022, is projected to reach a revised size of US$ million by 2030, growing at a CAGR of 20.2% during the forecast period 2023-2030. North American market for AI video generator Market is estimated to increase from $million in 2022 to reach $ million by 2030, at a CAGR of % during the forecast period of 2023 through 2030.
For geography segment, regional supply, demand, major players, price is presented from 2018 to 2030. This report cover following regions:
North America
Asia-Pacific
Europe
Middle East and Africa
South America
The key countries for each regions are also included such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
For competitor segment, the report include global key players of AI video generator Market as well as some small players. The information for each competitor include:
Company Profile
Main Business Information
SWOT Analysis
Sales Volume, Revenue, Price and Gross Margin
Market Share
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By Component
Solution
Services
In 2022, the solutions sector led the market and accounted for the biggest portion of worldwide revenue, at 63.5%. The software or platforms offered by the major suppliers for the creation of AI videos make up the solution category.The main expense for the component category is the price and implementation of the software, which accounts for the large market share.
The installation, upkeep, management, and upgrading services are all related to AI video creation. The market is anticipated to expand significantly over the course of the forecast period. Additionally, to improve the quality of the content and student engagement, educational institutions and EduTech platforms are implementing AI generators.
By Organization
SME
Large Enterprise
The industry is further divided into large companies and Small & Medium companies (SMEs) based on the sizes of the organisations. During the projection period, the SMEs category is anticipated to increase at the fastest rate. Video presentations are one of the most effective ways to convey information in organisations, especially for learning and educational reasons. The necessary flexibility can be provided so that participants can watch the presentation again to help them remember it.
In comparison to traditional ways, making a movie is now simpler and less expensive thanks to AI video generating software. A number of businesses are employing AI video generators to make training materials and digitise communication channels.
By Source
Text-to-Video
PowerPoint-to-Video
Spreadsheet-to-Video
A text-to-video, PowerPoint-to-video, and spreadsheet-to-video conversion of the source segment is also included. Over the course of the forecast period, the PowerPoint to video segment is anticipated to expand quickly. Articles, scripts, blogs, and other types of text-to-video An easy-to-use tool is utilised to convert written text into videos: AI video generator software.
For instance, the text-to-image generating technology used by Make-a-Video to enable text-to-video generation has advanced. The system analyses and understands how the movie should be presented using visuals and descriptions. Another website that provides text-to-video software is Lumen5.
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By Application
Marketing
Education
E-commerce
Social Media
Others
The market is divided into marketing, education, e-commerce, social media, and other segments based on applications. The segment on education comes next.The AI Video Generator can effectively and economically improve the content quality employed by marketing teams in organisations. With traditional video production, businesses had to deal with a number of challenges, such as the high expense of performers, film equipment, studios, etc., as well as a lack of flexibility, control, and time. AI video producers made the process easier and more affordable without compromising the required level of material quality.
Applications that are related to education are among the biggest users of AI video generators. The main difficulties users encountered in this phase were the restrictions on developing 24/7 customised content and the limited accessibility for rendering videos for the lessons.
By Region
North America
APAC
Europe
South America
Middle East & Africa
Since the Middle East & Africa area is still in the very early stages of adopting this software, it is anticipated to develop at the highest CAGR throughout the projection period and presents significant potential prospects for the leading suppliers. With a high internet penetration rate, Asia Pacific is the region with the greatest population.
The region's demand for high-quality video content is expanding along with the number of SMEs and social media users. Additionally, over the past several years, the region has seen a significant increase in the number of AI startups and the use of AI tools.
By Company
Synthesia video
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