AI For Video Production Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2028: Key Players are Steve AI and Elai.io.

AI For Video Production Market is expected to grow at a CAGR of 22.37% to reach a market size worth US$1489.486 million by 2028.

Key factors contributing to the global artificial intelligence in video production market expansion include the growing demand for rapid, efficient, and pocket-friendly production processes. In addition, the high consumption of video content and streaming services is also positively contributing to the market prospects. Moreover, technological progress, increasing adoption of ML, NPL & IoT, and favorable government policies are anticipated to contribute to the growth of the global market during the analysis period.

However, high prices and scarcity of skilled manpower coupled with a lack of knowledge, particularly in emerging economies, are hindering the growth of the global market for AI in video production during the analysis period.

According to the study, the growing demand for efficient, economical, and rapid video-making processes is boosting artificial intelligence in the video production market.

Artificial intelligence in video production automates many elements of video production, including storyboard generation, scriptwriting, scene composition, shooting, post-production duties, and editing more quickly and efficiently. One of the most compelling benefits of AI-generated videos is that they are incredibly cost-effective and less time-consuming. This is because AI can automate repetitive, time-consuming, and labor-intensive operations that human experts traditionally conduct, making the process much more efficient. Furthermore, AI can increase quality since the software can optimize numerous video components to generate a more aesthetically appealing and engaging final result.

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The global market for artificial intelligence in video production is analyzed into process and geography.

Based on the type of process, the market is segmented into Script Writing, Animation, Video Editing, and Voice Overs. The video editing segment is expected to hold a significant market share among the abovementioned ones. AI-powered tools edit multiple videos by matching color, using motion tracking, adjusting the aspect ratio, and searching through hours of material. AI can help choose the best angles, shots, and edits and assist the editor in applying filters and transitions to the videos. Artificial intelligence makes the video editing process faster, more efficient, and less tedious, driving its demand. Another factor driving the growth of this segment is the large consumption of video content, especially on social media.

Out of all the geographical regions North American region is expected to hold a significant market share in the global artificial intelligence in the video production market. The market in this region is expanding quickly because of the presence of a well-established IT and movie industry in countries such as the USA and Canada. In addition, the growing demand for AI-driven solutions by various video production stages and the high consumption rate of quality social media video content is also supporting the growth of the regional market during the analysis period. The North American AI in the video production market is also predicted to rise significantly due to the presence of prominent market players in the region. In addition, the high adoption rate of advanced technologies such as AI, ML, and IoT is also supporting regional market growth.

The major players operating in the global artificial intelligence in the video production market are AI Screenwriter, ToolBaz, Steve AI, Elai.io, GliaStar, Adobe, Runway AI, Synthesia, FlexChip (PearlMountain), and Pictory.ai.

This global artificial intelligence in the video production market has been analyzed into the following segments:

• By Process

o Script Writing
o Animation
o Video Editing
o Voice-Overs

• By Geography

o North America

• United States
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe

• United Kingdom
• Germany
• France
• Spain
• Others

o Middle East and Africa

• UAE
• Israel
• Saudi Arabia
• Others

o Asia Pacific

• Japan
• China
• India
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others

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Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies across ten industry verticals. KSI has a team of experienced and young professionals who focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports annually centering on the niche and latest technologies. In addition, we engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers, and challenges, and strategic recommendations for making informed decisions.

This release was published on openPR.