Global Generative Artificial Intelligence (AI) In Video Creation Market Overview 2024: Size, Growth Rate, and Segments

The generative artificial intelligence (ai) in video creation global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Generative Artificial Intelligence (AI) In Video Creation Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –
The generative artificial intelligence (AI) in video creation market size has grown exponentially in recent years. It will grow from $0.27 billion in 2023 to $0.32 billion in 2024 at a compound annual growth rate (CAGR) of 20.3%. The growth in the historic period can be attributed to growth of influencer marketing, need for fast content turnaround, expansion of mobile device usage, rise of video-based advertising, growth in video game and interactive entertainment.

The generative artificial intelligence (AI) in video creation market size is expected to see exponential growth in the next few years. It will grow to $0.68 billion in 2028 at a compound annual growth rate (CAGR) of 20.6%. The growth in the forecast period can be attributed to increasing demand for personalized content, growth of social media platforms, rise of remote work and virtual collaboration, higher engagement rates of video content, expansion of e-learning and online education. Major trends in the forecast period include advancements in AI technology, need for cost-effective video production, availability of cloud computing, adoption of augmented reality (AR) and virtual reality (VR), technological integration with other media formats.

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Scope Of Generative Artificial Intelligence (AI) In Video Creation Market
The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Generative Artificial Intelligence (AI) In Video Creation Market Overview

Market Drivers –
The proliferation of social media and digital platforms is expected to propel the growth of the generative artificial intelligence (AI) in video creation market going forward. Social media and digital platforms are online environments that allow users to interact, share content, and engage with others through various digital tools and applications. The expansion of social media and digital platforms is due to broader internet access, enhanced mobile technology, and a surge in user participation and content consumption. Generative AI streamlines video creation for social media and digital platforms by producing high-quality, visually appealing content quickly and at a lower cost, enhancing user engagement. For instance, in January 2024, according to a report published by We Are Social, a UK-based creative agency, social media user identities increased by 5.6% over the past year, with 266 million new users joining social media for the first time in 2023. This significant growth translates to an average of 8.4 new social media users per second globally. Therefore, the proliferation of social media and digital platforms is driving the growth of the generative artificial intelligence (AI) in video creation market.

Market Trends –
Major companies operating in the generative artificial intelligence (AI) in video creation market are focused on developing advanced technologies, such as generative AI-enabled 3D workflows, to enhance efficiency and creativity by automating complex tasks. Generative AI-enabled 3D workflows use artificial intelligence to automate and enhance the creation, modeling, and rendering of three-dimensional assets, streamlining the design process and improving efficiency in producing complex 3D content. For instance, in June 2024, WPP Plc, a UK-based creative transformation company, launched an AI-powered Production Studio, enabling advertisers to unlock exponentially more content for marketing campaigns. The new Production Studio transforms content creation for advertisers by integrating generative AI. It streamlines 3D model creation, centralizes updates, and ensures high-quality, culturally relevant visuals. AI-driven multilingual copy generation and dynamic, platform-specific content customization are central features. The studio also connects assets with data for precise, personalized communications and continuously uses real-time performance data to improve asset effectiveness and user experience.

The generative artificial intelligence (AI) in video creation market covered in this report is segmented –
1) By Deployment Type: On-Premise, Cloud
2) By Application: Marketing, Education, Entertainment, Social Media, Other Applications
3) By End-Users: Large Enterprises, Small And Medium Enterprises (SMEs), Individual Content Creators

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Regional Insights –
North America was the largest region in the generative artificial intelligence (AI) in video creation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the generative artificial intelligence (AI) in video creation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies –
Major companies operating in the generative artificial intelligence (AI) in video creation market are Meta Platforms Inc., Vimeo Inc., NVIDIA Corporation, Adobe Inc., Kaltura Inc., OpenAI, Canva, Google DeepMind Technologies Limited, D-ID, Animoto Inc., Veed Ltd., Descript Inc., Synthesia Ltd., Magisto Ltd., Render, Synthesis AI inc., Wibbitz Ltd., DeepBrain, Elai.io, Moovly, Pictory Corp., Rephrase AI, Runway AI inc., Vidnami, Lumen5

Table of Contents
1. Executive Summary
2. Generative Artificial Intelligence (AI) In Video Creation Market Report Structure
3. Generative Artificial Intelligence (AI) In Video Creation Market Trends And Strategies
4. Generative Artificial Intelligence (AI) In Video Creation Market – Macro Economic Scenario
5. Generative Artificial Intelligence (AI) In Video Creation Market Size And Growth
…..
27. Generative Artificial Intelligence (AI) In Video Creation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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