Published Date: 31-Mar-23
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According to a new report, published by KBV research, The Global Text-to-Video AI Market size is expected to reach $961.9 Million by 2028, rising at a market growth of 36.3% CAGR during the forecast period.
The Services segment is showcasing a CAGR of 37.1% during (2022 - 2028). Text-to-video services provide an abundance of stock films and royalty-free music, making the creation of attractive videos simple and quick for even novices. The text-to-video Ai saves artists hours by using human faces and AI voiceovers. Their AI-powered video generator could automatically identify stock videos that fit the content. Also, several service providers offer auto-subtitles that can be added with a single click, which is ideal for creating social media videos quickly.
The Marketers segment acquired maximum revenue share in the Global Text-to-Video AI Market by End User 2021 thereby, achieving a market value of $264.6 Million by 2028. Text-based content could be converted into videos with a professional appearance instantly. No special equipment or experience with video editing software is necessary. An entertaining video can be instantly created by just uploading the article or posting it on the website. Afterward, users are able to evaluate and amend the script, if necessary, before producing an HD-quality video file for uploading to the website or social media platforms.
The Education segment is leading the Global Text-to-Video AI Market by Vertical 2021 thereby, achieving a market value of $241.9 Million by 2028. Text-to-video AI solutions enable users to rapidly and efficiently make movies from any written information, making them an excellent resource for educators and content providers. For example, use AI text-to-video tools to make movies from blog posts, tales, news articles, written lessons, and other written content.
The On-premise segment has shown the growth rate of 33.5% during (2022 - 2028). With on-premises, standard software is utilized as a foundation, augmented by particular adaptations or tailored to the specific application. The organization is entirely independent of any other service providers. Typically, the software is purchased outright as opposed to being received through a license model, resulting in cost savings for the business and offline access.
The Large Enterprises segment is generating highest revenue share in the Global Text-to-Video AI Market by Organization Size 2021 thereby, achieving a market value of $618.7 Million by 2028. Large enterprises are defined as organizations with more than 1,000 employees. Big organizations increasingly need to employ text-to-video AI solutions & services to effectively manage their vast array of geographically dispersed devices. Large organizations invest a substantial amount in their technological competence. In addition, they invest much in their business instruments to maintain market competitiveness.
The North America market dominated the Global Text-to-Video AI Market by Region 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $367.1 Million by 2028. The Europe market is exhibiting a CAGR of 36% during (2022 - 2028). Additionally, The Asia Pacific market would display a CAGR of 37.6% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/text-to-video-ai-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 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.
By End User
By Deployment Type
By Organization Size
Unique Offerings from KBV Research
North America Text-to-Video AI Market size & Opportunities 2022-2028
Europe Text-to-Video AI Market & Growth Forecast 2022-2028
Asia Pacific Text-to-Video AI Market Share & Industry Outlook to 2028
LAMEA Text-to-Video AI Market Growth, Trends & Forecasts 2022-2028