Text-To-Video AI Market Trends, Surging Demand, Detailed Analysis, And Forecast To 2033

"The new report published by The Business Research Company, titled ""Text-To-Video AI Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the text-to-video ai market size has grown exponentially in recent years. It will grow from $0.24 billion in 2023 to $0.31 billion in 2024 at a compound annual growth rate (CAGR) of 30.7%. The text-to-video ai market size is expected to see exponential growth in the next few years. It will grow to $0.89 billion in 2028 at a compound annual growth rate (CAGR) of 30.3%.

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The Growing Demand For Video Content Drives The Text-To-Video AI Market
The rising usage of video content is expected to propel the growth of the text-to-video AI market going forward. Video content refers to visual material in a video format created, produced, and shared for various purposes, including entertainment, education, marketing, communication, and information dissemination. Text-to-video AI technology simplifies and expedites converting text-based content into video format. It is a valuable tool for content creators and businesses looking to enhance video content strategy. For instance, in February 2023, according to a survey conducted by Wyzowl, a UK-based video marketing agency and software company, in a survey of 528 unique respondents, the adoption of video content marketing by businesses increased to 91%, reflecting an increase from the 86% usage rate observed in 2022. Therefore, the rising usage of video content will drive the growth of the text-to-video AI market.

Advancements In Ai-Powered Video Creation Tools Transforming Content Production
Major companies operating in the text-to-video AI market are developing innovative AI technologies such as Make-A-Video to make it easier for people to create videos and improve the accessibility of video content. Make-A-Video is a new AI system that lets people turn text prompts into brief, high-quality video clips, allowing users to generate videos from text descriptions. For instance, in September 2022, Meta Platforms, Inc., a US-based technology company, introduced Make-A-Video, a novel AI system that transforms text prompts into high-quality video clips. Based on generative AI research, this innovative AI technology leverages paired text-image data and video footage to understand the world's visual and motion aspects. It empowers creators to bring imaginative ideas to life with just a few words, producing unique videos with vibrant colors, characters, and scenes. It uses a combination of natural language processing (NLP) and computer vision to generate videos from text descriptions.

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

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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

Contents of the report:
1. Executive Summary
2. Text-To-Video AI Market Report Structure
3. Text-To-Video AI Market Trends And Strategies
4. Text-To-Video AI Market - Macro Economic Scenario
5. Text-To-Video AI Market Size And Growth
…..
27. Text-To-Video AI Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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