Europe Text-to-Video AI Market Size, Share & Industry Trends Analysis Report By Component (Software and Services), By End User, By Vertical, By Deployment Type (Cloud and On-premise), By Organization Size, By Country and Growth Forecast, 2022 - 2028
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Get in-depth analysis of the COVID-19 impact on the Europe Text-to-Video AI Market
Market Report Description
The Europe Text-to-Video AI Market would witness market growth of 36.0% CAGR during the forecast period (2022-2028).
Numerous image stock websites and video templates are no longer engaging to the audience. Text-to-video AI can unlock creativity and produce captivating surrealistic videos representing the product or service sold. With the assistance of text-to-video AI, the brand may build a 100% original and completely unique story.
For brands, persuading individuals to consume information is a significant obstacle. However, the vivid experience provided by videos helps students overcome this obstacle. Movies use close-ups, animations, text, sound effects, and other elements to make the process interactive rather than only informative. And these aspects, in turn, assist the audience in focusing more on the substance than the boring, generic words. Because videos make information more accessible, they generate more clicks than text.
Investment in digital advertising has been rising for more than ten years. Despite the UK marketing budgets being reduced across several businesses because of the COVID-19 pandemic, digital marketing is still thriving. Generally, retail and financial industry businesses are most likely to work with UK digital ad firms. Given that ASOS and other fashion retail companies were recognized as the UK businesses with the most successful digital marketing strategy, these expenditures appear to be paying off. So, as digital advertising grows, does the demand for video content that uses already-existing text content for advertising. The region's growing AI infrastructure, combined with this, is giving the European text-to-video AI market tremendous potential.
The Germany market dominated the Europe Text-to-Video AI Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $64,944.9 Thousands by 2028. The UK market is anticipated to grow at a CAGR of 34.9% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 37% during (2022 - 2028).
Based on Component, the market is segmented into Software and Services. Based on End User, the market is segmented into Marketers, Social Media Managers, Educators & Course Creators, Content Creators, Corporate Professionals, and Others. Based on Vertical, the market is segmented into Education, Travel & Hospitality, Fashion & Beauty, Media & Entertainment, Retail & Ecommerce, Food & Beverages, Real Estate, and Others. Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-Sized Enterprises. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Text-to-Video AI Market is Projected to reach USD 961.9 Million by 2028, at a CAGR of 36.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Vimeo.com, Inc., Meta Platforms, Inc., De-Identification Ltd., Google LLC (Alphabet, Inc.), Synthesia Limited, Veed Limited, Movio, Yepic AI Limited, Animatron, Inc. (Wave.video), and Ezoic, Inc.
Scope of the Study
Market Segments Covered in the Report:
By End User
- Social Media Managers
- Educators & Course Creators
- Content Creators
- Corporate Professionals
- Travel & Hospitality
- Fashion & Beauty
- Media & Entertainment
- Retail & Ecommerce
- Food & Beverages
- Real Estate
By Deployment Type
By Organization Size
- Large Enterprises
- Small & Medium-Sized Enterprises
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Vimeo.com, Inc.
- Meta Platforms, Inc.
- De-Identification Ltd.
- Google LLC (Alphabet, Inc.)
- Synthesia Limited
- Veed Limited
- Yepic AI Limited
- Animatron, Inc. (Wave.video)
- Ezoic, Inc.
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