Global Text-to-Video Artificial Intelligence (AI) Market Strategic Report 2024: Market Expected to Grow by Over $1.2 Billion by 2030

Global Artificial Intelligence (AI) Market for Text to Video Conversion

Dublin, July 24, 2024 (GLOBE NEWSWIRE) — The “Text to Video Artificial Intelligence (AI) – Global Strategic Business Report” the report has been added to ResearchAndMarkets.com’s offer.

The global text-to-video artificial intelligence (AI) market is estimated to be valued at US$ 162.9 million in 2023 and is projected to reach US$ 1.4 billion by 2030, growing at a CAGR of 35.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Despite its transformative potential, the adoption of text-to-video AI also presents several challenges and implications. The high computational demands of handling complex AI tasks can be a barrier, and there is a risk that AI-generated content sometimes lacks the nuanced understanding provided by human creators.

Additionally, as AI technologies capable of generating highly realistic videos become more sophisticated, ethical concerns such as misinformation and misuse of AI tools become more pressing. In the future, 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, along with trends in personalization and interactivity, promise to redefine viewer engagement and open new frontiers for personalized content, paving the way for future innovations in digital storytelling within the creative industries.

Answers to key questions:

• How is the global text-to-video artificial intelligence (AI) market expected to evolve by 2030?

• What are the key drivers and constraints affecting the market?

• Which market segments will experience the highest growth during the forecast period?

• How will market shares of different regions and segments evolve by 2030?

• Who are the main players in the market and what are their prospects?

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Key ideas:

• Market Growth: Understand the significant growth trajectory of the text-to-video AI software segment, which is projected to reach US$ 895.3 Mn by 2030 at a CAGR of 33.4%. The text-to-video AI services segment is also projected to grow at a CAGR of 39.9% during the analysis period.

• Regional Analysis: Gain insights into the US market, estimated at $44.1 million in 2023, and China, which is expected to grow at an impressive CAGR of 33.6% to reach $198.6 million by 2030. Explore growth trends in other key regions, including Japan, Canada, Germany, and Asia Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in millions of US dollars from 2023 to 2030.

• In-depth regional analysis: Detailed information on key markets including the United States, China, Japan, Canada, Europe, Asia-Pacific, Latin America, the Middle East and Africa.

• Company Profiles: Coverage of major players such as Animaker, Elai.io, Hour One Ltd., and more.

• Free Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Key Attributes:

MARKET OVERVIEW

• Influencer Market Insights

• Global Market Trajectories

• Global Economic Update

• Artificial Intelligence (AI) Text to Video Conversion – Percentage Market Share of Major Global Competitors in 2024 (E)

• Competitive Market Presence – Strong/Active/Niche/Insignificant for Global Players in 2024 (E)

MARKET TRENDS AND FACTORS

• Advances in natural language processing and deep learning drive commercialization of text-to-video AI

• Growing demand for content automation drives adoption of text-to-video technologies

• Here’s How Text-to-Video AI Is Revolutionizing Online Learning and Educational Content

• Integration with social media platforms highlights personalized video content

• Shift to digital marketing and advertising drives demand for AI-generated video content

• AI is transforming traditional newsrooms with automated video reporting

• Technological convergence in AI, augmented reality and virtual reality is driving the commercial appeal of immersive video experiences

• Pressure to reduce costs and production times is driving technology adoption in the film and television industry

• Consumer Behavior Trends Drive Personalization in Text-to-Video Apps

• Focus on improving accessibility promotes AI’s role in creating text-based videos for the hearing impaired

• Overview of advances in AI-based text-to-speech and its integration with text-to-video tools

• Market faces challenges in content accuracy and quality assurance in text-to-video conversion

FOCUS ON CERTAIN PLAYERS (Total 23 featured)

• Animator

• Elai.io

• Hour One Ltd.

• On video

• Kapwing

• PicsArt

• Raw shorts

• Wave.video

For more information about this report, visit https://www.researchandmarkets.com/r/a3qri4

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