Global Text to Video Artificial Intelligence (AI) Market
Dublin, July 24, 2024 (GLOBE NEWSWIRE) — The report “Text to Video Artificial Intelligence (AI) – Global Strategic Business Report” ResearchAndMarkets.com Recruitment.
The global text-to-video artificial intelligence (AI) market is estimated to reach USD 162.9 million in 2023 and is projected to reach USD 1.4 billion by 2030, growing at a CAGR of 35.3% from 2023 to 2030. This comprehensive report provides a detailed analysis of market trends, drivers, and forecasts to help you make informed business decisions.
The introduction of AI into text-to-video has the potential to be transformative, but it also comes with several challenges and implications: The computational power required to handle complex AI tasks can be a barrier, and there is also the risk that AI-generated content lacks the nuanced understanding that human creators bring to the table.
Moreover, as AI technologies become more sophisticated, capable of generating highly realistic videos, ethical concerns about misinformation and misuse of AI tools are on the rise. Going forward, the integration of even more sophisticated AI capabilities such as deep learning and augmented reality is expected to further improve the quality and emotional depth of AI-generated videos.
These advancements, alongside trends towards personalisation and interactivity, are expected to redefine audience engagement, open up new frontiers for tailored content and lay the groundwork for future innovation in digital storytelling across the creative industries.
Answers to your main questions:
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How is the global text-to-video artificial intelligence (AI) market expected to evolve by 2030?
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What are the key drivers and restraints impacting the market?
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Which market segment will witness the highest growth during the forecast period?
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How will the market shares of different regions and segments change by 2030?
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Who are the key players in the market and what are their prospects?
Key insights:
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Market Growth: Understand the significant growth trajectory of the text-to-video AI software segment, which is expected to reach USD 895.3 million by 2030, at a CAGR of 33.4%. The text-to-video AI services segment is also anticipated to grow at a CAGR of 39.9% during the analysis period.
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Regional Analysis: Gain insights into the US market, estimated to reach $44.1 million in 2023, and the Chinese market, projected to grow at a staggering CAGR of 33.6% to reach $198.6 million by 2030. Discover growth trends across other key regions including Japan, Canada, Germany, and Asia Pacific.
Report highlights:
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Comprehensive market data: Independent analysis of annual revenue and market forecasts (in USD millions) from 2023 to 2030.
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Detailed regional analysis: In-depth analysis of key markets including the United States, China, Japan, Canada, Europe, Asia Pacific, Latin America, Middle East and Africa.
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Company Profiles: Features key companies such as Animaker, Elai.io, and Hour One Ltd.
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Free Updates: Receive free report updates for one year to stay up to date with the latest market trends.
Key attributes:
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Report Attributes |
detail |
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number of pages |
210 |
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Forecast Period |
2023 – 2030 |
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Estimated market value in 2023 (USD) |
$162.9 million |
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Market value forecast to 2030 (USD) |
$1.4 billion |
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Compound Annual Growth Rate |
35.3% |
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Target area |
global |
Market Overview
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Influencer Market Insights
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Global Market Trajectory
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Latest News from the World Economy
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Text to Video Artificial Intelligence (AI) – Market Share of Key Competitors Globally by 2024 (Forecast)
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Competitive Market Presence for Global Players in 2024 – Strong/Active/Niche/Trivial Market (E)
Market Trends and Drivers
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Advances in Natural Language Processing and Deep Learning Drive Commercialization of Text-to-Video AI
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Increased demand for content automation will drive adoption of text-to-video technology
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How Text-to-Video AI is Revolutionizing E-Learning and Educational Content
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Integration with social media platforms brings personalized video content to the forefront
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Shift to digital marketing and advertising drives demand for AI-generated video content
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AI transforms traditional newsrooms with automated video reporting
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AI, AR and VR convergence strengthens the business case for immersive video experiences
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Pressure to reduce production costs and times drives adoption in film and television
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Consumer Behavior Trends Drive Personalization in Text-to-Video Applications
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Focus on improving accessibility advances AI's role in creating text-to-video for the deaf
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Overview of advances in AI-powered speech synthesis and integration with text-to-video tools
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Market plagued by content accuracy and quality assurance challenges in text-to-video conversion
Focus on the selected players (Total of 23 listings)
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Animaker
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Great
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OurOne Ltd.
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In the video
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Kapwing
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PixArt
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Raw shorts
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Wave.Video
For more information on this report, visit: https://www.researchandmarkets.com/r/a3qri4
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