Text-to-Video AI Market by Component (Services, Software), Deployment (Cloud, On-premises), Organization Size, End-User, Vertical - Global Forecast 2024-2030

Text-to-Video AI Market by Component (Services, Software), Deployment (Cloud, On-premises), Organization Size, End-User, Vertical - Global Forecast 2024-2030

The Text-to-Video AI Market size was estimated at USD 146.02 million in 2023 and expected to reach USD 185.37 million in 2024, at a CAGR 28.90% to reach USD 863.66 million by 2030.

Global Text-to-Video AI MarketText-to-video is the process of converting information from text to video format, normally done with AI and other AI-assisted tools. Text-to-video uses a stepwise, quicker, and more scalable approach than traditional video production to convert all types of written data into video. Several agencies, including software and solutions, can provide featured AI-generated videos from the text in multiple languages, different voices, intended music, and transitioning effects with real-time editing capabilities to generate high-quality videos. The market is driving globally with the increasing demand for text-to-video Al software to save time and money across businesses operating in multiple languages. Moreover, growing accessibility to the internet and usage of social media platforms are propelling the market demand. However, the high computing costs and the need for adequate datasets are significant challenges for market vendors. Market vendors are collaborating their efforts to enhance text-to-video experience through natural language generation (NLG) and machine learning integration (ML) in the text as a tool. The market has benefited from companies that consistently concentrate on cutting-edge text-to-video AI generator platforms and apps that are easily applicable on smartphones and tablets.

Regional Insights

The text-to-video AI market is growing with the proliferation of digitalization across the application areas, such as education, fashion & beauty, travel & hospitality in highly developing U.S. regions, including California, Massachusetts, Mississippi, Virginia, Texas, and Colorado, among others. Several startups in Canada, Brazil, and Mexico also show promising growth potential for the text-to-video AI market. EMEA is another crucial market for AI-based text-to-video solutions, with Germany, France, and the UK witnessing substantial growth in the maximum adoption of AI technology across various industries, including automotive, aerospace & defense, and energy & utility. The region is undergoing notable changes due to the increasing use of AI technology in text-to-video generators. In the APAC region, rapid digitalization is driving the adoption of AI technology across end-use industries. The growing focus on Industry 4.0 and digitization is expected to bolster the regional market growth for AI-based text-to-video solutions. Additionally, the restrictions imposed by the COVID-19 pandemic fast-tracked the adoption of chatbots and virtual assistants as companies faced workforce shortages. Additionally, investments made by the market players toward technological advancements, partnerships, and expansion activities and several new startups coming into the regional market space are expected to encourage the adoption of text-to-video AI by businesses in the upcoming years.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Text-to-Video AI Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Text-to-Video AI Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Text-to-Video AI Market, highlighting leading vendors and their innovative profiles. These include Colossyan Inc., De-Identification Ltd., Deep Word, Co. by Abicor LLC, DeepBrain AI, Designs.ai by Inmagine Lab Pte. Ltd., Dribbble Holdings Limited, Elai.io., Ezoic Inc., Fliki by Nine Thirty Five LLC, GliaCloud, HeyGen Software., Hour One Ltd., Hugging Face, Invideo Innovation Pte. Ltd., Lumen5 Technologies Ltd., MangoAnimate, Meta Platforms, Inc., Pictory Corp., Plotagon Studio., Raw Shorts, Inc., Rephrase Technologies Private Limited, simpleshow GmbH, Steve AI by Animaker Inc., Synthesia Limited, The Verge by VOX Media, LLC., Vedia, Inc., Veed Limited, Visla, Inc., Wave.video by Animatron Inc., Wibbitz Ltd., Wochit, Inc., and Yepic AI Ltd..

Market Segmentation & Coverage

This research report categorizes the Text-to-Video AI Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
Services
Consulting Services

Integration Services

Support & Maintenance Services
Software
Deployment
Cloud
On-premises
Organization Size
Large Enterprises
Small & Medium-sized Enterprises
End-User
Content Creators
Corporate Professionals
Educators & Course Creators
Marketer
Social Media Managers
Vertical
Education
Fashion & Beauty
Media & Entertainment
Real Estate
Retail & Commerce
Travel & Hospitality
Region
Americas
Argentina

Brazil

Canada

Mexico

United States
California

Florida

Illinois

New York

Ohio

Pennsylvania

Texas
Asia-Pacific
Australia

China

India

Indonesia

Japan

Malaysia

Philippines

Singapore

South Korea

Taiwan

Thailand

Vietnam
Europe, Middle East & Africa
Denmark

Egypt

Finland

France

Germany

Israel

Italy

Netherlands

Nigeria

Norway

Poland

Qatar

Russia

Saudi Arabia

South Africa

Spain

Sweden

Switzerland

Turkey

United Arab Emirates

United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Text-to-Video AI Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Text-to-Video AI Market?
3. What are the technology trends and regulatory frameworks in the Text-to-Video AI Market?
4. What is the market share of the leading vendors in the Text-to-Video AI Market?
5. Which modes and strategic moves are suitable for entering the Text-to-Video AI Market?

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