Text-To-Video AI Market Growth Trajectory Through 2024-2033

Uday Kiran

Text-To-Video AI Market Growth Trajectory Through 2024-2033

The Text-To-Video AI Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Text-To-Video AI Global Market Report 2024, The text-to-video ai market size has grown exponentially in recent years. It will grow from $0.24 billion in 2023 to $0.31 billion in 2024 at a compound annual growth rate (CAGR) of 30.7%. The growth in the historic period can be attributed to increased demand for visual content, rise of social media, accessibility features, entertainment industry demand, user engagement enhancement..

The text-to-video ai market size is expected to see exponential growth in the next few years. It will grow to $0.89 billion in 2028 at a compound annual growth rate (CAGR) of 30.3%. The growth in the forecast period can be attributed to multilingual capabilities, expansion of online learning, real-time video generation, enhanced facial expression recognition, enhanced visual realism and quality.. Major trends in the forecast period include integration with voice and speech synthesis, integration with content management systems, ai ethics and responsible ai practices, cross-platform compatibility, collaboration with virtual reality (vr)..

The rising usage of video content is expected to propel the growth of the text-to-video AI market going forward. Video content refers to visual material in a video format created, produced, and shared for various purposes, including entertainment, education, marketing, communication, and information dissemination. Text-to-video AI technology simplifies and expedites converting text-based content into video format. It is a valuable tool for content creators and businesses looking to enhance video content strategy. For instance, in February 2023, according to a survey conducted by Wyzowl, a UK-based video marketing agency and software company, in a survey of 528 unique respondents, the adoption of video content marketing by businesses increased to 91%, reflecting an increase from the 86% usage rate observed in 2022. Therefore, the rising usage of video content will drive the growth of the text-to-video AI market.

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The text-to-video ai market covered in this report is segmented –

1) By Component: Software, Services

2) By Deployment: Cloud, On-Premises

3) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises

4) By Application: Education, Food And Beverage, Media And Entertainment, Fashion And Beauty, Retail And E-commerce, Healthcare, Travel And Hospitality, Real Estate, Other Applications

Major companies operating in the text-to-video AI market are developing innovative AI technologies such as Make-A-Video to make it easier for people to create videos and improve the accessibility of video content. Make-A-Video is a new AI system that lets people turn text prompts into brief, high-quality video clips, allowing users to generate videos from text descriptions. For instance, in September 2022, Meta Platforms, Inc., a US-based technology company, introduced Make-A-Video, a novel AI system that transforms text prompts into high-quality video clips. Based on generative AI research, this innovative AI technology leverages paired text-image data and video footage to understand the world's visual and motion aspects. It empowers creators to bring imaginative ideas to life with just a few words, producing unique videos with vibrant colors, characters, and scenes. It uses a combination of natural language processing (NLP) and computer vision to generate videos from text descriptions.

The text-to-video ai market report table of contents includes:

Executive Summary
Text-To-Video AI Market Characteristics
Text-To-Video AI Market Trends And Strategies
Text-To-Video AI Market - Macro Economic Scenario
Global Text-To-Video AI Market Size and Growth

Global Text-To-Video AI Market Competitive Benchmarking
Global Text-To-Video AI Market Competitive Dashboard
Key Mergers And Acquisitions In Text-To-Video AI Market
Text-To-Video AI Market Future Outlook and Potential Analysis
Appendix

Top Major Players :

Google LLC
Alibaba Group Holding Limited
Meta Platforms Inc.
International Business Machines Corporation (IBM)
Baidu Inc.

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Uday Kiran

Global Text-to-Video AI Market Trends, Application, And Regional Forecast To 2027

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Step-by-Step Guide: How AI Can Generate Video from Audio

Deep Brain 2023-05-11

Artificial intelligence (AI) has been rapidly advancing in recent years, and one of its exciting applications is generating video from audio. Audio-to-video synthesis involves using machine learning algorithms to generate a video that corresponds to a given audio clip. In this article, we will explore how AI can generate video from audio and provide a step-by-step guide on how to do it. Normally, an audio clip is turned into a spectrogram, which is a graphic depiction of the audio frequencies over time. This involves inputting the audio clip into the model, which then generates a sequence of video frames that correspond to the audio spectrogram.

AI Content Generation: Revolutionizing Startup Products

Shakuro 2023-09-26

In this article, we’re about to embark on a journey into the transformative world of AI content generation. With a comprehensive prompt, AI generates content according to SEO. How AI content generation benefits your startup or productCost-effective content production: automate creation, reducing the need for hiring expensive writers, designers, or video producers. Quality: while AI generates content quickly, its quality and coherence may not always meet human standards. ConclusionAccording to 58% of marketers whose organizations utilize AI for content generation, the performance has increased significantly.

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AI Voice Overs for E-learning

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One respective challenge in this rapidly thriving sector is constructing high-quality eLearning voiceovers for bringing into the world educational content so that eLearning videos are as influential as feasible. The content creator here has an essential position to recreate and demands to deliver high-quality content. With refinements in Artificial Intelligence technology and biological language processing, AI voiceovers are now super pragmatic. An AI voice is fundamentally a manufactured or artificial voice that uses deep understanding to turn text into human recognizable speech. With contemporary AI voice platforms, the feasibility of creating high-quality courses has gone up significantly for any educator or course creator.

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