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Artificial Intelligence Media Entertainment Generator Market Size, Share, Trend Analysis, Segmentation And Forecast To 2033
Artificial Intelligence Media Entertainment Generator Market
According to The Business Research Company's, The artificial intelligence media entertainment generator market size has grown rapidly in recent years. It will grow from $12.87 billion in 2023 to $14.8 billion in 2024 at a compound annual growth rate (CAGR) of 15.0%. The growth in the historic period can be attributed to escalating demand for personalized content, cost and time efficiency, accessibility and ease of use, surge in the adoption of smart devices, growing demand for interactive advertising..
The artificial intelligence media entertainment generator market size is expected to see rapid growth in the next few years. It will grow to $25.24 billion in 2028 at a compound annual growth rate (CAGR) of 14.3%. The growth in the forecast period can be attributed to increasing demand for video content, rising demand for video content on social media, innovative applications of ai in the media industry, growing need for high-quality images, versatility and customization. Major trends in the forecast period include strategic partnerships and collaborations, advancements in ai technology, business diversification towards ai, favourable government initiatives, help companies leverage building blocks.
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Market Drivers and Trends:
The growing acceptance of visual media is expected to propel the growth of the artificial intelligence media entertainment generator market going forward. Visual media refers to any form of communication that utilizes visual elements to convey information or tell a story. Artificial intelligence media entertainment generators are used in visual media to leverage the power of machine learning to create various visual media elements, from stunning visuals and special effects to captivating characters and even entire narratives. For instance, in September 2023, according to HubSpot, a US-based software company, over 50% of marketers used visuals in over 91% of their content, with original graphics being the most used type of visual content by marketers at 36%, followed by stock photos at nearly 34%. Therefore, the growing acceptance of visual media is driving the growth of the artificial intelligence media entertainment generator market.
Major companies operating in the artificial intelligence media entertainment generator market are focusing on developing innovative products, such as Multichannel AI content generators, to strengthen their position in the market. Multichannel AI content generator is a technology-driven solution that leverages artificial intelligence (AI) to create content across multiple channels. For instance, in April 2023, Constant Contact Inc., a US-based, small-business-focused digital marketing and CRM platform, launched the first Multichannel AI Content Generator for small businesses and nonprofits. The technology behind such generators involves a combination of various AI techniques and tools to produce diverse and engaging content for different platforms. It allows customers to automate the copy-drafting process for email, text, and social media campaigns. Utilizing proprietary data and AI algorithms designed to pinpoint content that is highly probable to engage small business clients, an AI content generator has been developed.
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Major Key Players of the Market:
Major companies operating in the artificial intelligence media entertainment generator market report are Google LLC, Samsung Group, Microsoft Corporation, Alibaba Group Holding Limited, Meta Platforms Inc., Sony Corporation, Walt Disney Company, Tencent Holdings Limited, Amazon Web Services, Intel Corporation, International Business Machines Corporation (IBM), Nvidia Corporation, Baidu Inc., Adobe Inc., HCL Technologies Limited, Autodesk Inc., Unity Software Inc., Quantum Corporation, Nuance Communications Inc., OpenAI, Veritone Inc., Vidrovr, DeepMind Technologies Limited, Stability AI Ltd., Zype Inc., GrayMeta Inc.
Artificial Intelligence Media Entertainment Generator Market 2024 Key Insights:
• The artificial intelligence media entertainment generator market is expected to grow to $25.24 billion in 2028 at a compound annual growth rate (CAGR) of 14.3%.
• Visual Media Revolution Catalyst For Growth In The Artificial Intelligence Media Entertainment Generator Market
• Constant Contact Launches Groundbreaking Multichannel AI Content Generator for Small Businesses
• North America was the largest region in the artificial intelligence media entertainment generator market in 2023
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