Press release
Deepfake AI Market 2024: Global Opportunities, Trends, and Market Forecast
Deepfake AI Market
The new report published by The Business Research Company, titled Deepfake 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 deepfake AI market size has grown exponentially in recent years. It will grow from $0.65 billion in 2023 to $0.82 billion in 2024 at a compound annual growth rate (CAGR) of 25.9%. The deepfake AI market size is expected to see exponential growth in the next few years. It will grow to $2.06 billion in 2028 at a compound annual growth rate (CAGR) of 26.0%.
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What Is Driving The Growth Of The Global Deepfake AI Market?
Rise Of Manipulated Media Propelling The Growth Of Deepfake AI Market
The rise of manipulated media is expected to propel the growth of deepfake AI going forward. Manipulated media refers to digital content such as images, videos, or audio that has been altered or fabricated using various techniques, often with the intent to deceive or mislead. The rise of manipulated media is due to several factors, such as advancements in artificial intelligence and machine learning technologies, increased accessibility to powerful digital tools, and the proliferation of social media platforms that facilitate the rapid spread of altered content. Deepfake AI is used in manipulated media to create highly realistic but fabricated videos, images, or audio recordings that misrepresent reality. For instance, in December 2022, according to the NATO Strategic Communications Centre Of Excellence, a Latvia-based multi-nationally constituted and NATO-accredited international military organization, inauthentic activity remained on platforms such as Instagram was 96% in 2021, and 100% in 2022 while on TikTok, it was 85% in 2021 and 97% in 2022. Therefore, the rise of manipulated media is driving the growth of the deepfake AI market.
What Is The Key Trend In The Global Deepfake AI Market?
Advancements In Deepfake Detection And Real-Time Analysis Drives Market Innovation and Security
Major companies operating in the deepfake AI market are focusing on developing advanced solutions, such as real-time analysis, to gain a competitive edge in the market. Real-time analysis refers to the process of examining data and providing insights or responses almost instantaneously as the data is generated or received. For instance, in March 2024, BioID GmbH, a Germany-based face detection company that offers proprietary liveness detection and facial recognition, launched a new version of its deepfake detection software to secure biometric authentication and digital identity verification against manipulated images and videos. The software prevents identity spoofing by detecting deepfakes and content generated or manipulated by AI, with real-time analysis and feedback on both photos and videos.
How Is The Global Deepfake AI Market Segmented?
The deepfake ai market covered in this report is segmented -
1) By Type: Voice Deepfake, Image Deepfake, Video Deepfake
2) By Offering: Software, Service
3) By Technology: Generative Adversarial Networks (GANs), Auto Encoders, Recurrent Neural Networks (RNNs), Transformative Models, Natural Language Processing (NLP), Other Technologies
4) By End User: Banking, Financial Services And Insurance (BFSI), Telecommunications, Government, Healthcare, Legal, Media And Entertainment, Retail And Ecommerce, Other End Users
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How Is The Competitive Landscape Of The Global Deepfake AI Market?
Major companies operating in the deepfake ai market are Google LLC, Microsoft Corporation, Amazon Web Services Inc, Intel Corporation, Kairos Technologies, Veritone Inc, Cogito Tech, MyHeritage, Pindrop Security, iProov, D-ID, Gradiant, Paravision, Validsoft, Truepic, HyperVerge, BioID GmbH, DuckDuckGoose AI, Idenfy, Deepware Scanner, Sensity AI, Quantum Integrity
Contents Of The Global Deepfake AI Market
1. Executive Summary
2. Deepfake AI Market Report Structure
3. Deepfake AI Market Trends And Strategies
4. Deepfake AI Market - Macro Economic Scenario
5. Deepfake AI Market Size And Growth
…..
27. Deepfake AI Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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