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Home ➤ Information and Communications Technology ➤ AI Video Generator Market
AI Video Generator Market

AI Video Generator Market

Published date: March 2023 • Formats:
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  • Home ➤ Information and Communications Technology ➤ AI Video Generator Market

Global AI Video Generator Market By Component (Solutions and Services), By Enterprise Size (Small & Medium Enterprises and Large enterprises), By Source, By End-User, By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

  • Published date: March 2023
  • Report ID: 98043
  • Number of Pages: 362
  • Format:
  • Overview
  • Table of Contents
  • Major Market Players
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    Report Overview

    In 2022, the Global AI Video Generator Market was valued at USD 415 million. It is predicted to reach USD 2,172 million by 2032. Between 2023 and 2032, this market is estimated to register the highest CAGR of 18.5%.

    AI video generator is a tool that allows users to create video from any written copy using artificial intelligence software. For example, Synthesis AI is an AI video generator that allows users to create engaging video content with human-like avatars by simply typing any text.

    Also, it enables users to create videos from any written document, and due to this, this AI video generator is more prevalent among individuals. Furthermore, AI video generator saves time by editing the video itself, which is the main factor for the high demand for AI video generator tools in the market.

    AI Video Generator Market Size

    Key Driving Factors

    Increasing Preference for Video Contents Among Individuals

    The increasing adoption of smartphones and technological advancements are the main driving factors for the growth of the global AI video generator market. The growth of the market is propelled by the increasing use of video content and the increasing demand for audio-video materials in various fields.

    Over three billion people worldwide are spending more and more time watching video content. This is boosting the demand for AI video generators in the market. Human brain process visuals almost 60,000 times faster than text. Keeping this in mind, key companies are focusing on providing AI video generation tools with advanced technologies. The increasing use of visuals in marketing companies to fulfill consumer demand is also driving the need for AI video generator tools.

    Furthermore, written paper copies, articles, and blogs are not easy to handle; therefore, various companies are translating their data from text forms to video forms to overcome issues regarding written content.

    Technological advancements such as the introduction of the internet of things (IoT) and cloud-based AI video generation tools are driving the adoption of these tools in educational institutions and e-commerce sectors. The increasing use of comedy memes and gifs in messaging apps is also fueling the AI video generation market’s expansion. Also, the growing number of viewers of educational videos, tutorials, and sports clips is propelling market development.

    Major Restraining Factors

    High Subscription Charges

    The subscription charges for using AI video generator tools are very high, which is a primary restraining factor for the AI video generator market’s growth. Moreover, sometimes AI software is unable to detect entered data in text form. Technical issues like this can have a negative impact on market growth.

    COVID-19 Impact Analysis

    COVID-19 Pandemic Surged Demand for AI Video Generator Tools

    During the COVID-19 pandemic, people were forced to stay home due to lockdown restrictions. Educational institutions were shifted towards online teaching, which positively impacted the growth of the AI video generator market.

    During the outbreak period, individuals had more free time, so they spent more time watching online videos and tutorials. This surged demand for AI video generator tools. In addition, people were spending more time on messaging apps and preferred sharing funny memes and stickers, several of which can be generated by AI. Thus COVID-19 surged demand for AI video generator tools in the market.

    Component Analysis

    Solution Segment is Dominant in Market with Largest Market Revenue Share

    Based on components, the market for AI video generators is segmented into solutions and services. The solutions segment was dominant in the market, with a global revenue share of 53% in 2022. The AI video generator solutions provide companies with distinctive possibilities in the market and help them obtain a strategic edge.

    Companies in the AI video generator market focus on providing fast and accurate solutions to consumers and on technical capabilities that help solve more problems in AI video generator tools. This is the primary growth factor of this segment.

    For Instance, DVDFab Video Enhancer is an AI tool that uses artificial intelligence to improve video quality and helps in providing standard solutions for a better consumer experience.

    The Services segment is expected to grow at the fastest CAGR during the forecast period. This is due to an increasing focus on providing better services for AI video generator users. Services in the AI video generator market are the chain between the company and consumers, which helps the company increase business and provide better services to users.

    Enterprise Size Analysis

    The Large Enterprises Segment is Dominant in the Market

    By enterprise size, the market for AI video generators is segmented into small & medium enterprises and large enterprises. The large enterprise segment was dominant in the market, with the largest market revenue share of 64% in 2022. It is expected to remain dominant during the forecast period.

    Due to increasing consumer demand and increasing globalization, large enterprises are adopting AI video generator tools to meet high consumer demand. Content in video mode is easy to capture and is able to store in databases or laptops as compared to written copies. Due to this, large enterprises are shifting towards AI video generators to train employees.

    AI video generator tools help to make monotonous tasks easy and reduce the time required to complete them. Small & medium enterprises are growing rapidly due to increasing globalization and technological advancements. They are adopting AI video generator tools to increase business and stay competitive in the market.

    Source Analysis

    The Text/Blog/Article to Video Segment is Dominant in the Market

    Based on source, the market is classified into text/blog/article to video, PowerPoint to video, and spreadsheet to video. The text/blog/article to video segment was dominant in the market, with the largest market revenue share of 36% in 2022.

    AI Video Generator Market Segment

    The growth of this segment is propelled by the increasing need for video-based content in the media & entertainment industry. Consumers prefer video content because video contents are easy to adopt and understand as compared to texts, blogs, or articles. The Powerpoint to video segment is anticipated to grow at the fastest CAGR due to increasing demand in several marketing and architecture industries.

    End-user Analysis

    The Marketing Segment is Dominant in the Market

    Based on end-users, the market is classified into marketing, e-commerce, educational institutions, IT & telecommunication, healthcare, and other end-users. The marketing segment was dominant in the market, with the largest market revenue share of 28% in 2022, and is expected to remain dominant during the forecast period.

    Demand for AI video generators in the marketing industry is high due to the increasing focus of marketing companies on video-based content. Companies such as Facebook and Apple are using Adobe AI video-generating tools for the effective and attractive advertisement of their products. The demand for AI video generators is expected to increase in educational institutions because educational institutions are rapidly adopting these tools for teaching K-12 students.

    AI video generator tools are also used in healthcare industries to convert medical terminologies into video formats. In addition, it has significant applications in making virtual health assistant videos. The IT & telecommunication industry is rapidly adopting AI video generator tools for training employees.

    AI video Generator Market Segments

    By Component

    • Solutions
    • Services

    By Enterprise Size

    • Small & Medium Enterprises
    • Large enterprises

    By Source

    • Text/Blog/Article to Video
    • PowerPoint to Video
    • Spreadsheet to Video

    By End-User

    • Marketing
    • E-Commerce
    • Educational Institutions
    • IT & Telecommunication
    • Healthcare
    • Other End-Users

    Opportunities

    Technological Advancements in AI Fields

    The AI video generator market is driving due to increasing demand in educational organizations and marketing industries. In addition, the rapidly growing adoption of smartphones and the introduction to the internet of things(IoT) is anticipated to create profitable growth opportunities in the market.

    With increasing digitalization, consumers are shifting towards video-based content because they are easy to understand. Marketing companies are focusing on providing standard video content to deliver accurate and deep product information. These factors are further expected to drive the market during the forecast period.

    Trending Factors

    Educational Organizations and IT Companies Adopting AI

    AI video generator tools-producing companies are focusing on providing cost-effective and high-quality services to meet high consumer demand. Educational organizations are using AI video generator tools for effective teaching.

    IT & telecommunication companies are adopting AI video generator tools for employee training and converting textual data into video forms. Such trends are currently prominent in the market, thereby boosting the growth of the AI video generator market.

    Regional Analysis

    Asia Pacific Region is Dominant in Global AI Video Generator Market

    Asia Pacific is dominant in the global AI video generator market, with the largest market share of 32%.  The growth of the region is attributed to the high use of AI tools in China and Singapore. China is the global leader in the use of AI video generator tools. About 750 million people are using the internet here. This is generating a huge supply of digital data to process. Also, the emergence of 5G services in emerging economies such as India, Japan, and Singapore is positively driving the market.

    The presence of top key players such as Cinnamon AI, Kellton Tech, and ADVANCE.AI in the Asia Pacific region is fueling the market growth. Moreover, the increasing use of AI in educational institutions and IT companies is helping the market development in the Asia Pacific region.

    North America is expected to grow at the fastest CAGR during the forecast period due to increasing technological advancements in the region.  Also growing adoption of AI tools in the US and the UK is expected to fuel the market’s expansion.

    The tech companies in the United Kingdom raised private investments in AI technologies. In addition, the increase in AI uses in educational organizations is driving the need for AI video generator tools in North America.

    AI Video Generator Market Region

    Key Regions and Countries Covered in this Report

    • North America
      • The US
      • Canada
      • Mexico
    • Western Europe
      • Germany
      • France
      • The UK
      • Spain
      • Italy
      • Portugal
      • Ireland
      • Austria
      • Switzerland
      • Benelux
      • Nordic
      • Rest of Western Europe
    • Eastern Europe
      • Russia
      • Poland
      • The Czech Republic
      • Greece
      • Rest of Eastern Europe
    • APAC
      • China
      • Japan
      • South Korea
      • India
      • Australia & New Zealand
      • Indonesia
      • Malaysia
      • Philippines
      • Singapore
      • Thailand
      • Vietnam
      • Rest of APAC
    • Latin America
      • Brazil
      • Colombia
      • Chile
      • Argentina
      • Costa Rica
      • Rest of Latin America
    • Middle East & Africa
      • Algeria
      • Egypt
      • Israel
      • Kuwait
      • Nigeria
      • Saudi Arabia
      • South Africa
      • Turkey
      • United Arab Emirates
      • Rest of MEA

    Market Share & Key Players Analysis

    Several key companies in the AI video generator market are focusing on technological advancements in AI tools for providing better services. Also, companies are adopting marketing strategies such as mergers and acquisitions to stay competitive in the market.

    Major key players in the AI video generator market are Synthesia LLC., Lumen5 Technologies Ltd, Rephrase Corp, Synths.video, Muse.ai, Raw Shorts, Inc., Pronto, Designs Ai, Microsoft Corporation, Google LLC, IBM Corporation, Meta Platforms, Inc., etc.

    Recent Developments

    • In January 2022, Microsoft announced the acquisition of American video game developer and holding company Activision Blizzard.
    • On 29 September 2022, Meta announced Make-A-Video, an AI-powered video generator that can create novel video content from text.

    Market Key Players

    Listed below are some of the most prominent AI video generator company players.

    • Synthesia LLC.
    • Lumen5 Technologies Ltd
    • Rephrase Corp
    • Muse.ai
    • Raw Shorts, Inc.
    • Pronto
    • Designs Ai
    • Microsoft Corporation
    • Google LLC
    • IBM Corporation
    • Meta Platforms, Inc.
    • Other Key Players

    Report Scope

    Report Features Description
    Market Value (2022) USD 415 Mn
    Forecast Revenue (2032) USD 2,172 Mn
    CAGR (2023-2032) 18.5%
    Base Year for Estimation 2022
    Historic Period 2016-2022
    Forecast Period 2023-2032
    Report Coverage Revenue Forecast, Market Dynamics, COVID-19 Impact, Competitive Landscape, Recent Developments
    Segments Covered By Component- Solutions and Services; By Enterprise Size- Small & Medium Enterprises and Large enterprises; By Source- Text/Blog/Article to Video, PowerPoint to Video, and Spreadsheet to Video; By End-User- Marketing, E-Commerce, Educational Institutions, IT & Telecommunication, Healthcare, and Other End-Users
    Regional Analysis North America – The US, Canada, & Mexico; Western Europe – Germany, France, The UK, Spain, Italy, Portugal, Ireland, Austria, Switzerland, Benelux, Nordic, & Rest of Western Europe; Eastern Europe – Russia, Poland, The Czech Republic, Greece, & Rest of Eastern Europe; APAC – China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, & Rest of APAC; Latin America – Brazil, Colombia, Chile, Argentina, Costa Rica, & Rest of Latin America; the Middle East & Africa – Algeria, Egypt, Israel, Kuwait, Nigeria, Saudi Arabia, South Africa, Turkey, United Arab Emirates, & Rest of MEA
    Competitive Landscape Synthesia LLC., Lumen5 Technologies Ltd, Rephrase Corp, Synths.video, Muse.ai, Raw Shorts, Inc., Pronto, Designs Ai, Microsoft Corporation, Google LLC, IBM Corporation, Meta Platforms, Inc., and Other Key Players
    Customization Scope Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements.
    Purchase Options We have three licenses to opt for: Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF)

    Frequently Asked Questions (FAQ)

    How big is the AI Video Generator Market?

    The Global AI Video Generator Market size was estimated to be USD 415 million in 2022.

    What is the overall market value stated in the AI Video Generator Market report?

    The Global AI Video Generator Market size was USD 415 million in 2022 and is expected to reach USD 2,172 million by 2032 at a CAGR of 18.5% over the forecast period of 2023-2032.

    Which region is projected to be at the forefront of the Global AI Video Generator Market?

    Asia Pacific led the AI Video Generator Market in 2022 with a market share of over USD 133 million and is expected to expand further at the same rate.

    Who are the notable key players in the AI Video Generator Market?

    Microsoft Corporation, Google LLC, IBM Corporation, Meta Platforms, Inc., Synthesia LLC., Lumen5 Technologies Ltd, Rephrase Corp, Synths.video, Muse.ai, Raw Shorts, Inc., Pronto, Designs Ai, and others are all important players in the AI Video Generator Market.

    What are the biggest challenges facing the AI Video Generator Market?

    Challenges in the AI Video Generator Market can include technical challenges and high subscription costs.

    What are the current trends in the AI Video Generator Market?

    Trends in the AI Video Generator Market include changes in consumer preferences, technological advancements, adoption by educational institutions and organizations.

    What are the key segments included in this report on the AI Video Generator Market?

    The Global AI Video Generator Market is segmented By Component, By Enterprise Size, By Source, By End-User and By Region

    AI Video Generator Market
    AI Video Generator Market
    Published date: March 2023 • Formats:
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    • Synthesia LLC.
    • Lumen5 Technologies Ltd
    • Rephrase Corp
    • Muse.ai
    • Raw Shorts, Inc.
    • Pronto
    • Designs Ai
    • Microsoft Corporation Company Profile
    • Google LLC
    • IBM Corporation
    • Meta Platforms, Inc.
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