What is Generative AI in video creation?

Generative AI in video creation refers to the use of artificial intelligence techniques, particularly deep learning models like Generative Adversarial Networks (GANs) and transformers, to generate video content. This includes creating entirely new video clips, enhancing existing footage, and automating various aspects of video production such as editing, effects, and animations.

How big is Generative AI in Video Creation Market?

The Global Generative AI in Video Creation Market size is expected to be worth around USD 2,298.8 Million By 2033, from USD 336.1 Million in 2023, growing at a CAGR of 21.2% during the forecast period from 2024 to 2033.

What are the challenges associated with Generative AI in video creation?

Challenges include quality control, ethical concerns, high computational needs, and intellectual property issues.

Who are the key players in the Generative AI video creation market?

Key players include Synthesia, Runway ML, Pictory, Lumen5, Rephrase AI, DeepBrain, Elai.io, Magisto (a Vimeo company), Animoto, Wibbitz, Other key players

What are the key factors driving the growth of Generative AI in the Video Creation Market?

The growth of generative AI in video creation is driven by advancements in machine learning algorithms, increasing demand for high-quality video content, and the need for cost-effective production methods.

What are the current trends and advancements in Generative AI in the Video Creation Market?

Trends include the development of advanced AI models like GPT-4 and DALL-E, enhanced AI-driven video editing tools, and the use of digital avatars. The popularity of cloud-based AI services due to their scalability and cost-effectiveness is also rising.