The Europe AI Video Generator Market would witness market growth of 19.0% CAGR during the forecast period (2023-2029).
The market for AI video generators has witnessed substantial growth in recent times. The significant growth in the industry can be attributed to various factors, such as the rising demand for video content, the progress in AI technology, and the accessibility of robust computing resources. The increasing need for video content is a significant factor driving the AI video generator market. The demand for top-notch video content is on the rise due to the widespread use of social media platforms and the surging popularity of video streaming services.
As a result, AI-powered video generators have gained popularity among marketers and content creators due to their ability to swiftly and effectively produce top-notch videos. The development of the AI video generator market has been significantly influenced by advancements in AI technology. With the advancement of AI algorithms, the production of videos has become more realistic and captivating. Furthermore, the accessibility of extensive datasets and robust computing resources has empowered AI video generators to create videos with enhanced resolution and intricate animations.
Germany allocates significant funds towards public education, amounting to approximately EUR 147 billion, equivalent to 4.2 percent of the country's GDP. Since 2010, the industry has experienced an annual growth rate of approximately 3.6 percent, surpassing the overall economic growth rate of 3.4 percent. In the coming years, prioritizing digital learning will be crucial for businesses as they reflect on the lessons learned during the COVID-19 pandemic. The country's federal government has allocated EUR 5 billion over the next five years to enhance the digital infrastructure in schools as a part of its "Digital Pact for Schools" initiative. The rising investments and schemes for digital education are expected to surge the utilization of AI video generators to educate through video format, thus driving market growth in the region.
The Germany market dominated the Europe AI Video Generator Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $91.4 million by 2029. The UK market is anticipated to grow at a CAGR of 18% during (2023 - 2029). Additionally, The France market would exhibit a CAGR of 19.8% during (2023 - 2029).
Based on Application, the market is segmented into Marketing, Education, E-commerce, social media, and Others. Based on Source, the market is segmented into Text to Video, PowerPoint to Video, and Spreadsheet to Video. Based on Component, the market is segmented into Solution and Services. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide AI Video Generator Market is Projected to reach USD 1.5 Billion by 2029, at a CAGR of 20%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Meta Platforms, Inc. (Facebook), Lumen5 Technologies Ltd, Musai Inc., synths.video Limited, Raw Shorts, Inc., Pictory Corp., PearlMountain Limited (FlexClip), Inmagine Lab Pte. Ltd. (Designs.Ai), Synthesia Limited and Rephrase.ai
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Companies Profiled
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