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The artificial intelligence (AI) video generator market is experiencing rapid growth, driven by the increasing demand for quality video content and advancements in AI technology. This blog explores the market’s current status, future projections, and the key factors contributing to its expansion.

Rapid Market Expansion

Current Market Size

• 2023 Market Size: $0.57 billion
• 2024 Market Size: $0.69 billion
• CAGR (2023-2024): 22.4%

The market has seen substantial growth, attributed to the rising demand for social media advertising, quality video content, and digital marketing expenditures. Additionally, the increasing number of internet users and the popularity of short videos have propelled the market forward.

Future Market Projections

• 2028 Market Size: $1.57 billion
• CAGR (2024-2028): 22.7%

The market is expected to continue its exponential growth due to the growing number of social media users, demand for video creation tools, and the increasing popularity of personalized and interactive content. The rise of virtual and augmented reality, virtual events, and e-commerce applications also contribute to this growth.

Key Drivers of Growth

Growing Utilization of Social Media

• Social Media Platforms: Online platforms allowing users to create, share content, and interact in virtual communities.
• Increased Usage: Driven by growing internet access, smartphone proliferation, and the desire for connectivity and ease of content creation.
• Influence of AI: AI video generators enhance content creation, personalization, and user engagement, making social media experiences more dynamic and immersive.

Example

• Statistics: In February 2023, there were 28.75 million Instagram users and 35 million LinkedIn subscribers. Meta Platforms Inc. reported that 2.93 billion users visited one or more social media platforms in September 2022, increasing to 2.96 billion by December 2022.

Read The Full Artificial Intelligence (AI) Video Generator Market Report Here:
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Technological Advancements

Innovative Text-To-Video Solutions

• Automated Video Production: Text-to-video models allow users to create videos from textual descriptions, eliminating the need for manual editing.
• Example: In February 2024, OpenAI introduced Sora, a generative AI model creating detailed videos from simple written prompts, using a transformer architecture similar to GPT models.

Acquisition for Advancement

• Jellysmack and Kamua: In November 2021, Jellysmack acquired Kamua, enhancing its AI video editing technology to support content creators better. Kamua provides a cloud-based AI video generator platform for scalable video creation in multiple languages.

Major Companies in the Market

Key Players

• Tech Giants: Amazon.com Inc., Google LLC, Microsoft Corporation, Alibaba Group Holding Limited, Facebook Inc., Huawei Technologies Co. Ltd
• Innovators: Sony Corporation, Tencent Holdings Limited, Intel Corporation, International Business Machines Corporation, NVIDIA Corporation, Baidu Inc.
• Specialized Firms: Adobe Inc., Activision Blizzard Inc., Autodesk Inc., OpenAI Inc., Vimeo Inc., Kaltura, Synthesia Ltd.

These companies lead the development of AI video generation technologies, driving innovation and market growth.

Market Segmentation

By Component

• Solution
• Services

By Source

• Text To Video
• PowerPoint To Video
• Spreadsheet To Video

By Organization Size

• Large Enterprises
• Small And Midsize Enterprises (SMEs)

By End-User

• Marketing
• E-Commerce
• Educational Institutions
• Information Technology and Telecommunication
• Healthcare
• Other End-Users

Regional Insights

Leading Regions

• Asia-Pacific: Largest market in 2023
• North America: Expected to be the fastest-growing region during the forecast period

The AI video generator market is experiencing significant growth due to technological advancements, the increasing demand for high-quality video content, and the growing utilization of social media platforms. With major companies driving innovation and strategic acquisitions enhancing capabilities, the market is set to expand rapidly in the coming years.

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The Artificial Intelligence (AI) Video Generator Global Market Report 2024  provides an overview of the artificial intelligence (AI) video generator market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The artificial intelligence (AI) video generator market forecast analyzes artificial intelligence (AI) video generator market size, artificial intelligence (AI) video generator market share, leading competitor and their market positions.

The Table Of Content For The Artificial Intelligence (AI) Video Generator Market Include:
1. Artificial Intelligence (AI) Video Generator Market Executive Summary
2. Artificial Intelligence (AI) Video Generator Market Segments
3. Artificial Intelligence (AI) Video Generator Market Size And Artificial Intelligence (AI) Video Generator Market Growth Rate
4. Key Artificial Intelligence (AI) Video Generator Market Trends
5. Major Artificial Intelligence (AI) Video Generator Market Drivers
……
25. Key Mergers And Acquisitions In The Artificial Intelligence (AI) Video Generator Market
26. Top Artificial Intelligence (AI) Video Generator Companies
27. Artificial Intelligence (AI) Video Generator Market Opportunities And Strategies
28. Artificial Intelligence (AI) Video Generator Market, Conclusions And Recommendations
29. Appendix

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