Global Text-to-Video Al Market Size, Trends, and Growth Opportunity, By Deployment Mode (On-Premises, Cloud), By Component (Software, Services), By Vertical (Education, Food & Beverages, Fashion & Beauty, Retail & E-commerce, Media & Entertainment, Health & Wellness, Other Verticals), By End User (Content Creators, Corporate Professionals, Educators & Course Creators, Marketers, Social Media Managers, Other End Users), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Text-to-Video Al Market
The Global Text-to-Video Al Market size is projected to grow from USD 0.15 bn in 2021 to USD 0.97 bn by 2027 at a CAGR of 36.57% during the forecast period.
Text-to-Video is a cutting-edge AI technology that requires only text as input and produces video as the output. Text-to-image models also served as an inspiration for these upcoming Text-to-Video models. To create a video using deep learning, a recurrent neural network is used for a sequence-to-sequence model with a connector convolutional neural network that encodes and decodes each frame pixel by pixel.
Market Drivers
The main factor driving the growth of the text-to-video AI market is the recognition of video as a key tool for boosting customer engagement and retention rate. Multiple Al avatars are available for selection from text-to-video Al solution providers. These AI avatars can speak the provided text in over 120 languages and accents.
Moreover, the avatars cover a wide range of ages, races, ethnicities, and styles. These videos are used for a variety of things, which includes marketing, product walkthrough videos, corporate communications, and learning and training videos. An Al-powered talking avatar can attract and engage many customers.
Market Restraints
Restraints to text-to-video AI include ethical concerns. Artificially created media including photos, films, and audio are produced using ML techniques like deep fakes. Differentiating such Al-generated stuff from legitimate media becomes challenging and nearly impossible. Hence, this raises important ethical issues.
Some media may be employed to promote false information, influence public sentiment, or even harass and vilify people. A deep fake film that purports to show a political candidate saying or doing something that did not occur could sway public perception and obstruct the democratic process.
Market Segmentation
The global text-to-video al market is segmented into deployment modes such as on-premises and cloud, and components of software and services.
Further, the market is segmented into verticals of education, food & beverages, fashion & beauty, retail & e-commerce, media & entertainment, health & wellness, and others, and by end users such as content creators, corporate professionals, educators & course creators, marketers, social media managers, and others.
Regional Analysis
The largest market share is expected to be held by North America during the forecasted period. North America, home to the developed nations of the US and Canada, has advanced infrastructures. Well-established copyright laws in North America protect the work of creators in the region. Tech giants, such as Google and Meta, are also expected to spearhead AI-based video generation products.
The Asia Pacific countries of Japan, China, India, New Zealand, and Australia are also expected to experience rapid growth in the text-to-video AI market. The APAC region's larger population may create more opportunities for growth in the text-to-video AI market. Furthermore, growing government initiatives to encourage AI and ML technologies may enable its growth in Asian markets.
Key Developments
For instance, in October 2022, researchers from Carnegie Mellon University leveraged CLIP-guided, pixel-level optimization and generated 720p resolution videos from natural language descriptions at a rate of one-to-two frames per second. This marks a big step towards a real-time text-to-video system.
In November 2022, Google, at an event in New York City, highlighted its areas of focus which include building unsupervised artificial intelligence tools that can create new digital audio, text, imagery, video, or code in at least 1000 languages.
Key Players
DeepBrain Al, Designs.ai, D-ID, Elai.io, Ezoic, Google, Hour One, InVideo, KLleon, Lumen5, Meta, Movio, and Peech.
Market Taxonomy
By Deployment Mode
• On-Premises
• Cloud
By Component
• Software
• Services
By Vertical
• Education
• Food & Beverages
• Fashion & Beauty
• Retail & E-commerce
• Media & Entertainment
• Health & Wellness
• Other Verticals
By End User
• Content Creators
• Corporate Professionals
• Educators & Course Creators
• Marketers
• Social Media Managers
• Other End Users
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Text-to-Video Al Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Text-to-Video Al Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Text-to-Video Al Market, By Deployment Mode
5.1 Y-o-Y Growth Comparison, By Deployment Mode
5.2 Global Text-to-Video Al Market Share Analysis, By Deployment Mode
5.3 Global Text-to-Video Al Market Size and Forecast, By Deployment Mode
5.3.1 On Premises
5.3.2 Cloud
6 Global Text-to-Video Al Market, By Component
6.1 Y-o-Y Growth Comparison, By Component
6.2 Global Text-to-Video Al Market Share Analysis, By Component
6.3 Global Text-to-Video Al Market Size and Forecast, By Component
6.3.1 Software
6.3.2 Services
7 Global Text-to-Video Al Market, By Vertical
7.1 Y-o-Y Growth Comparison, By Vertical
7.2 Global Text-to-Video Al Market Share Analysis, By Vertical
7.3 Global Text-to-Video Al Market Size and Forecast, By Vertical
7.3.1 Education
7.3.2 Food & Beverages
7.3.3 Fashion & Beauty
7.3.4 Retail & Ecommerce
7.3.5 Media & Entertainment
7.3.6 Health & Wellness
7.3.7 Other Verticals
8 Global Text-to-Video Al Market, By End User
8.1 Y-o-Y Growth Comparison, By End User
8.2 Global Text-to-Video Al Market Share Analysis, By End User
8.3 Global Text-to-Video Al Market Size and Forecast, By End User
8.3.1 Content Creators
8.3.2 Corporate Professionals
8.3.3 Educators & Course Creators
8.3.4 Marketers
8.3.5 Social Media Managers
8.3.6 Other End Users
9 Global Text-to-Video Al Market, By Region
9.1 Global Text-to-Video Al Market Share Analysis, By Region
9.2 Global Text-to-Video Al Market Size and Forecast, By Region
10 North America Text-to-Video Al Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 North America Text-to-Video Al Market Share Analysis, By Deployment Mode
10.3 North America Text-to-Video Al Market Size and Forecast, By Component
10.4 North America Text-to-Video Al Market Size and Forecast, By Vertical
10.5 North America Text-to-Video Al Market Size and Forecast, By End User
10.6 North America Text-to-Video Al Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11 Europe Text-to-Video Al Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Europe Text-to-Video Al Market Share Analysis, By Deployment Mode
11.3 Europe Text-to-Video Al Market Size and Forecast, By Component
11.4 Europe Text-to-Video Al Market Size and Forecast, By Vertical
11.5 Europe Text-to-Video Al Market Size and Forecast, By End User
11.6 Europe Text-to-Video Al Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4 Rest of Europe
12 Asia Pacific Text-to-Video Al Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Asia Pacific Text-to-Video Al Market Share Analysis, By Deployment Mode
12.3 Asia Pacific Text-to-Video Al Market Size and Forecast, By Component
12.4 Asia Pacific Text-to-Video Al Market Size and Forecast, By Vertical
12.5 Asia Pacific Text-to-Video Al Market Size and Forecast, By End User
12.6 Asia Pacific Text-to-Video Al Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.5.4 Rest of Asia
13 Latin America Text-to-Video Al Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Latin America Text-to-Video Al Market Share Analysis, By Deployment Mode
13.3 Latin America Text-to-Video Al Market Size and Forecast, By Component
13.4 Latin America Text-to-Video Al Market Size and Forecast, By Vertical
13.5 Latin America Text-to-Video Al Market Size and Forecast, By End User
13.6 Latin America Text-to-Video Al Market Size and Forecast, By Country
13.6.1 Brazil
13.6.2 Rest of Latin America
14 Middle East Text-to-Video Al Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Middle East Text-to-Video Al Market Share Analysis, By Deployment Mode
14.3 Middle East Text-to-Video Al Market Size and Forecast, By Component
14.4 Middle East Text-to-Video Al Market Size and Forecast, By Vertical
14.5 Middle East Text-to-Video Al Market Size and Forecast, By End User
14.6 Middle East Text-to-Video Al Market Size and Forecast, By Country
14.6.1 Saudi Arabia
14.6.2 UAE
14.6.3 Egypt
14.6.4 Kuwait
14.6.5 South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 DeepBrain Al
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Designs.ai
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 D-ID
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Elai.io
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Ezoic
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Google
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Hour One
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 InVideo
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 KLleon
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 Lumen5
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies
16.11 Meta
16.11.1 Overview
16.11.2 Offerings
16.11.3 Key Financials
16.11.4 Business Segment & Geographic Overview
16.11.5 Key Market Developments
16.11.6 Key Strategies
16.12 Movio
16.12.1 Overview
16.12.2 Offerings
16.12.3 Key Financials
16.12.4 Business Segment & Geographic Overview
16.12.5 Key Market Developments
16.12.6 Key Strategies
16.13 Peech
16.13.1 Overview
16.13.2 Offerings
16.13.3 Key Financials
16.13.4 Business Segment & Geographic Overview
16.13.5 Key Market Developments
16.13.6 Key Strategies
