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Text-to-Video AI Market worth $863.66 million by 2030, growing at a CAGR of 28.90% - Exclusive Report by 360iResearch
Text-to-Video AI Market | 360iResearch
The Global Text-to-Video AI Market to grow from USD 146.02 million in 2023 to USD 863.66 million by 2030, at a CAGR of 28.90%.
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Text-to-video is the process of converting information from text to video format, normally done with AI and other AI-assisted tools. Text-to-video uses a stepwise, quicker, and more scalable approach than traditional video production to convert all types of written data into video. Several agencies, including software and solutions, can provide featured AI-generated videos from the text in multiple languages, different voices, intended music, and transitioning effects with real-time editing capabilities to generate high-quality videos. The market is driving globally with the increasing demand for text-to-video Al software to save time and money across businesses operating in multiple languages. Moreover, growing accessibility to the internet and usage of social media platforms are propelling the market demand. However, the high computing costs and the need for adequate datasets are significant challenges for market vendors. Market vendors are collaborating their efforts to enhance text-to-video experience through natural language generation (NLG) and machine learning integration (ML) in the text as a tool. The market has benefited from companies that consistently concentrate on cutting-edge text-to-video AI generator platforms and apps that are easily applicable on smartphones and tablets.
The text-to-video AI market is growing with the proliferation of digitalization across the application areas, such as education, fashion & beauty, travel & hospitality in highly developing U.S. regions, including California, Massachusetts, Mississippi, Virginia, Texas, and Colorado, among others. Several startups in Canada, Brazil, and Mexico also show promising growth potential for the text-to-video AI market. EMEA is another crucial market for AI-based text-to-video solutions, with Germany, France, and the UK witnessing substantial growth in the maximum adoption of AI technology across various industries, including automotive, aerospace & defense, and energy & utility. The region is undergoing notable changes due to the increasing use of AI technology in text-to-video generators. In the APAC region, rapid digitalization is driving the adoption of AI technology across end-use industries. The growing focus on Industry 4.0 and digitization is expected to bolster the regional market growth for AI-based text-to-video solutions. Additionally, the restrictions imposed by the COVID-19 pandemic fast-tracked the adoption of chatbots and virtual assistants as companies faced workforce shortages. Additionally, investments made by the market players toward technological advancements, partnerships, and expansion activities and several new startups coming into the regional market space are expected to encourage the adoption of text-to-video AI by businesses in the upcoming years.
Market Segmentation & Coverage:
This research report categorizes the Text-to-Video AI Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Component, market is studied across Services and Software. The Services is further studied across Consulting Services, Integration Services, and Support & Maintenance Services. The Software is projected to witness significant market share during forecast period.
Based on Deployment, market is studied across Cloud and On-premises. The On-premises is projected to witness significant market share during forecast period.
Based on Organization Size, market is studied across Large Enterprises and Small & Medium-sized Enterprises. The Small & Medium-sized Enterprises is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Content Creators, Corporate Professionals, Educators & Course Creators, Marketer, and Social Media Managers. The Social Media Managers is projected to witness significant market share during forecast period.
Based on Vertical, market is studied across Education, Fashion & Beauty, Media & Entertainment, Real Estate, Retail & Commerce, and Travel & Hospitality. The Fashion & Beauty is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Text-to-Video AI Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Text-to-Video AI Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Text-to-Video AI Market, highlighting leading vendors and their innovative profiles. These include Colossyan Inc., De-Identification Ltd., Deep Word, Co. by Abicor LLC, DeepBrain AI, Designs.ai by Inmagine Lab Pte. Ltd., Dribbble Holdings Limited, Elai.io., Ezoic Inc., Fliki by Nine Thirty Five LLC, GliaCloud, HeyGen Software., Hour One Ltd., Hugging Face, Invideo Innovation Pte. Ltd., Lumen5 Technologies Ltd., MangoAnimate, Meta Platforms, Inc., Pictory Corp., Plotagon Studio., Raw Shorts, Inc., Rephrase Technologies Private Limited, simpleshow GmbH, Steve AI by Animaker Inc., Synthesia Limited, The Verge by VOX Media, LLC., Vedia, Inc., Veed Limited, Visla, Inc., Wave.video by Animatron Inc., Wibbitz Ltd., Wochit, Inc., and Yepic AI Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Text-to-Video AI Market, by Component
7. Text-to-Video AI Market, by Deployment
8. Text-to-Video AI Market, by Organization Size
9. Text-to-Video AI Market, by End-User
10. Text-to-Video AI Market, by Vertical
11. Americas Text-to-Video AI Market
12. Asia-Pacific Text-to-Video AI Market
13. Europe, Middle East & Africa Text-to-Video AI Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Text-to-Video AI Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Text-to-Video AI Market?
3. What is the competitive strategic window for opportunities in the Text-to-Video AI Market?
4. What are the technology trends and regulatory frameworks in the Text-to-Video AI Market?
5. What is the market share of the leading vendors in the Text-to-Video AI Market?
6. What modes and strategic moves are considered suitable for entering the Text-to-Video AI Market?
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