Published Date: 26-May-2023
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report, published by KBV research, The Global AI Video Generator Market size is expected to reach $1.5 billion by 2029, rising at a market growth of 20.0% CAGR during the forecast period.
The Education segment is showcasing a CAGR of 20.3% during (2023 - 2029). In the business world, AI video generators are widely used in education-related applications. Using AI video generators has made video production more efficient and economical. Numerous vendors now provide access to a media library with a vast selection of stock images and pertinent videos. Education teams can utilize AI video generator tools to produce captivating educational content for students.
The Text to Video segment acquired maximum revenue share in the Global AI Video Generator Market by Source in 2022 thereby, achieving a market value of $623.2 million by 2029. This is owing to the fact that the video content creation service includes various forms of written content such as articles, blogs, scripts, and more. The AI video generator software is a user-friendly tool utilized to transform written content into videos. The platform leverages visual aids accompanied by explanatory text to interpret and assess the optimal approach for showcasing the video.
The Services segment has shown the growth rate of 20.6% during (2023 - 2029). This is due to the fact that businesses offer various AI video generation services, including installation, maintenance, management, and upgrades. Furthermore, businesses in the education industry and EdTech companies are implementing AI generators to improve the caliber of their content and increase student involvement. The pandemic led to a surge in demand for video-based content.
The Large Enterprises segment is leading the Global AI Video Generator Market by Organization Size in 2022 thereby, achieving a market value of $902.7 million by 2029. This is owing to the implementation of AI video generator tools by large enterprises to meet the growing consumer demand and globalization. Capturing content in video mode is a convenient way to store information, as it can be easily saved in databases or laptops, in contrast to written copies. As a result, many big businesses are adopting AI video generators for employee training.
The Asia Pacific market dominated the Global AI Video Generator Market by Region in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $530.2 million by 2029. The Europe market is exhibiting a CAGR of 19% during (2023 - 2029). Additionally, The North America market would showcase a CAGR of 19.7% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/ai-video-generator-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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
By Organization Size
Unique Offerings from KBV Research
North America AI Video Generator Market size & Opportunities 2023-2029
Europe AI Video Generator Market & Growth Forecast 2023-2029
Asia Pacific AI Video Generator Market Share & Industry Outlook to 2029
LAMEA AI Video Generator Market Growth, Trends & Forecasts 2023-2029