North America 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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Market Report Description
The North America Text-to-Video AI Market would witness market growth of 34.9% CAGR during the forecast period (2022-2028).
Companies prefers videos that are original and updated. In the end, they can place the site higher or lower in the search results since more people will view the page in the results. This will result in a more favorable brand image and increased sales. Also, videos contribute to an increase in metrics such as the amount of time people spend on a page and the number of backlinks pointing to the site, videos increase these metrics.
According to studies, people spend more than twice as much time on a page with a video than one without one, and the better the content's quality, the greater the likelihood that a company will receive backlinks. Text-to-video AI will enable users to brand their goods or services with original content and help customers stand out in Google rankings, and enhance their reputation. As a result, Google may continue to be a bigger admirer of user-generated content.
Long-term digital transformation programs across North America have undergone rapid change due to the pandemic. As a result, businesses are embracing the use of modern technologies in business decision-making and adopting digital channels for client interactions quickly. With US$37.5 billion in imports and US$7.7 billion in exports worldwide in 2021, the Canadian ICT sector heavily depends on international trade. After China, the United States is Canada's second-largest provider of ICT products, and in 2020, it will be the country to which Canadian ICT exports will be exported, worth US$5.1 billion. As a result, there has been an increase in investment in platforms for managing and creating digital material.
The US market dominated the North America Text-to-Video AI Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $264,857.9 Thousands by 2028. The Canada market is poised to grow at a CAGR of 37.9% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 36.7% 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 U.S., Mexico, Canada, and Rest of North America.
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 North America
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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