AI Video Generator Market Booms with Demand for Automated Content Creation, Personalization, and Cost Efficiency

The AI Video Generator Market thrives on increasing demand for automated video production, personalized marketing, and reduced production costs.

AUSTIN, TX, UNITED STATES, December 4, 2024 /EINPresswire.com/ -- Market Scope and Overview

The AI Video Generator Market¹ is poised for remarkable growth, driven by the increasing demand for automated content creation, personalized video experiences, and advancements in AI technology.

The global AI Video Generator Market, valued at USD 544.65 million in 2023, is projected to reach USD 2,706.60 million by 2032, growing at a robust compound annual growth rate (CAGR) of 19.55% from 2024 to 2032.

The rapid evolution of artificial intelligence (AI) and machine learning technologies has significantly reshaped the media and entertainment industries, facilitating the creation of high-quality video content with minimal human intervention. AI-powered video generation tools are enabling businesses to automate video creation, optimize workflows, and enhance user engagement with personalized video content. One of the most prominent factors driving the growth of the AI video generator market is the increasing demand for video-based content. With the growing popularity of video platforms like YouTube, TikTok, and streaming services, companies across industries are investing in AI video generation solutions to streamline content production and meet the demands of a fast-paced digital ecosystem. AI-powered video tools enable businesses to create professional-quality videos in a fraction of the time and cost it would take using traditional methods.

Additionally, the rise of personalized marketing and content is fueling demand for AI video generation solutions. AI technologies enable the customization of video content based on consumer preferences, demographic data, and user behavior, thereby enhancing the viewer experience and driving engagement. The ability to automate video production while maintaining high levels of personalization is one of the key reasons organizations are increasingly adopting AI video generators.

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Some of the Major Key Players Studied in this Report are:

✦ Muse.ai (AI-powered video hosting and analytics platform)
✦ InVideo (Online video editing and creation platform)
✦ Rephrase.ai (Personalized video generation platform)
✦ FlexClip (Online video maker and editor)
✦ Synths Video (AI-generated video creation tool)
✦ Lumen5 (AI-driven video creation platform for marketers)
✦ Raw Shorts (AI video creation and editing software)
✦ Pictory (AI video creation and editing tool)
✦ Synthesia (AI video synthesis and avatar-based video creation)
✦ Designs.Ai (AI design tools including video creation features)
✦ DeepBrain (AI video generation and synthetic media platform)
✦ Vidnami (AI video creation tool for marketing)
✦ Animoto (Online video maker with templates and music)
✦ Wave.video (Video creation and hosting platform)
✦ DeepArt (AI-based video editing and artistic rendering)
✦ Veed.io (Online video editing and subtitle generation tool)
✦ Vidnoz (AI video creation platform for businesses)
✦ Shakr (Video creation platform for small businesses)
✦ Magisto (AI-driven video editing and creation tool)
✦ Kapwing (Collaborative video editing and creation platform)
✦ Others

Market Segmentation

By Component:

In 2023, the solutions segment dominated the AI video generator market, capturing approximately 64.0% of the total revenue. This segment includes AI-powered video creation software, platforms, and tools that enable users to generate high-quality videos using machine learning and AI algorithms. AI video generation solutions offer a range of functionalities, such as automated video editing, real-time rendering, scene generation, voice-over synthesis, and more, making them an essential tool for content creators and businesses alike.

The growing adoption of AI solutions across industries, including media and entertainment, marketing, e-commerce, education, and more, is driving the demand for these advanced video generation tools. The solutions segment is expected to continue its dominance during the forecast period due to the increasing need for businesses to produce engaging video content at scale.

By Organization:

In 2023, large enterprises held the largest market share in the AI video generator market, with over 61.02% of the total market revenue. Large organizations, particularly in sectors such as media, entertainment, retail, and advertising, have the resources and infrastructure to implement AI video-generation solutions on a large scale. These companies are leveraging AI video generation tools to streamline content production, enhance customer engagement, and deliver personalized marketing experiences.

Large enterprises benefit from AI-powered video generators by automating the video creation process, reducing production costs, and improving turnaround times. Additionally, AI technology allows these companies to scale their video content creation efforts while ensuring high-quality output. As businesses continue to embrace digital transformation, the adoption of AI video-generation tools among large enterprises is expected to remain a significant driver of market growth.

Market Segmentation and Sub-Segmentation Included Are:

By Component
✦ Solution
✦ Services

By Source
✦ Text to Video
✦ PowerPoint to Video
✦ Spreadsheet to Video

By Organization Size
✦ Large Enterprises
✦ SMEs

By Application
✦ Marketing
✦ Education
✦ E-commerce
✦ Social Media
✦ Others

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Regional Analysis of the AI Video Generator Market

Asia-Pacific is expected to experience substantial growth in the AI video generator market, capturing an impressive 31.40% market share in 2023. The region’s dominance can be attributed to several factors, including rapid technological advancements, increased digitalization, and high investments in AI research and development. Countries such as China, India, Japan, and South Korea are at the forefront of AI adoption, driving significant demand for AI video generation tools. In particular, the growing number of social media users and content creators in Asia-Pacific has created a robust market for AI video generation solutions. The rise of video-centric platforms, such as TikTok and YouTube, has spurred the demand for AI-powered tools that can assist creators in producing engaging and shareable content. Additionally, the region’s booming e-commerce sector is driving the need for video marketing solutions, further boosting the adoption of AI video generation technologies.

North America held a significant market share in 2023. The United States, in particular, is a key player in the AI video generation market due to its strong technological ecosystem, high adoption rate of AI-driven solutions, and a large number of media and entertainment companies. The region’s well-established media and advertising industries are actively leveraging AI video generation solutions to create personalized content and drive consumer engagement.

Recent Developments

✦ In 2023, OpenAI launched a new AI video generation platform aimed at providing businesses with an easy-to-use tool for creating high-quality videos from text-based prompts. This platform has seen widespread adoption across industries, particularly among content creators and digital marketers looking to automate video production.

✦ In 2023, Adobe expanded its AI video editing suite by integrating advanced generative AI capabilities. This update enables content creators to generate realistic video effects, enhance visual storytelling, and optimize the video production process using AI-powered features.

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Table of Contents- Major Key Points

1. Introduction

2. Executive Summary

3. Research Methodology

4. Market Dynamics Impact Analysis

5. Statistical Insights and Trends Reporting

6. Competitive Landscape

7. AI Video Generator Market Segmentation, By Components
7.1. Solution
7.2. Services

8. AI Video Generator Market Segmentation, By Source
8.1. Text to Video
8.2. PowerPoint to Video
8.3. Spreadsheet to Video

9. AI Video Generator Market Segmentation, By Organization Size
9.1. Large Enterprises
9.2. SMEs

10. AI Video Generator Market Segmentation, By Application
10.1. Marketing
10.2. Education
10.3. E-commerce
10.4. Social Media
10.5. Others

11. Regional Analysis
11.1. Introduction
11.2. North America
11.3. Europe
11.4. Asia-Pacific
11.5. The Middle East & Africa
11.6. Latin America

12. Company Profile

13. USE Cases and Best Practices

14. Conclusion

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