AI Video Generator Market Size, Share & Trends Analysis Report By Organization Size, By Component (Solution, Services), By End-use (Marketing, Education), By Application, By Source, By Region, And Segment Forecasts, 2023 - 2030

AI Video Generator Market Size, Share & Trends Analysis Report By Organization Size, By Component (Solution, Services), By End-use (Marketing, Education), By Application, By Source, By Region, And Segment Forecasts, 2023 - 2030

AI Video Generator Market Growth & Trends

The global AI video generator market size is projected to reach USD 1.96 billion by 2030,registering a CAGR of 19.7% from 2023 to 2030, according to a new report by Grand View Research, Inc. The rising need for technological advancements and smartphones is the primary factor driving the industry. The market growth is increasing through video content and the demand for audio-video materials in various industries. For instance, according to the data collected by Statista, 3.5 billion internet users watch online video content and download data worldwide.The increasing need for video content across many industries, including media, entertainment, advertising, and e-commerce, has resulted in substantial growth in the global industry in recent years.

AI video generators are utilized to automate video production with less human involvement. Moreover, advanced technologies make video generators more innovative and capable of creating high-quality videos. The media and entertainment sectors, where video content is produced quickly, are particularly affected by this trend. Another key factor influencing the growth of this market is the focus on offering consumers quick and precise solutions and technical skills that use AI video-generating tools to address more problems. Solutions for AI video generators provide businesses with exceptional market opportunities and aid in their quest for competitive advantage.

The services sector will experience the most significant growth over the projection period due to a greater focus on enhancing the services offered to consumers. The market for services serves as a conduit between customers and businesses. It boosts business for the corporation and offers better consumer services.The prominent advancement in employee training through AI video generators is augmenting segment growth. The generators alter the text data into video, and businesses are also developing AI video generator tools to address the rising consumer demand for high-quality, cost-effective services. Educational institutions utilize these tools to create engaging lessons.

These developments are accelerating the market growth for AI video generators. Developed nations like the U.S. and Canada have advanced infrastructures and copyright laws to safeguard the author’s original content. The next creative work utilizing generative AI, ML, and big data is not subject to any changes. These technological tools involve hazards, and the government may act in the form of rules to safeguard the content produced. Major players like Meta and Google release products connected to the Al video generation market. For instance, in October 2022, Google released its text-to-video generator. It can make 1280x768 films from a typed prompt at 24 frames per second.

AI Video Generator Market Report Highlights

• The marketing segment dominated the industry in 2022 owing to the rising demand for video content in the marketing industry
• The market is growing due to increased demand from educational institutions and marketing sectors
• The growing adoption of smartphones and the introduction of the Internet of Things (IoT) will provide numerous growth opportunities
• The service segment is forecasted to expand at a lucrative growth rateduring the forecast period

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