Northbrook, IL 60062 -- (SBWIRE) -- 03/09/2023 -- According to a research report published by MarketsandMarkets, the Text-to-Video AI Market size is projected to grow from USD 0.1 billion in 2022 to USD 0.9 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 37.1% during the forecast period. Rise in demand for engaging videos in businesses is driving the growth of the text-to-video AI market.

Browse 309 market data Tables and 40 Figures spread through 251 Pages and in-depth TOC on "Text-to-Video AI Market"

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=236764144

Consulting Services segment is estimated to lead the text-to-video AI market in 2022

Consulting services offer unique services that help businesses to realize how many opportunities come from implementing any AI solution into their business. Consulting services deal with complex inquiries and have numerous clients that demand constant changes in product and service offerings. The demand for consulting services is increasing globally due to the rising pressure on organizations to stay competitive in their respective markets.

Large Enterprises segment is expected to have a higher growth rate during the forecast period

Organizations with more than 1,000 employees are categorized under large enterprises. Large enterprises are witnessing an increased need to deploy text-to-video AI solutions and services to efficiently manage their large number of devices spread across geographies. Large enterprises spend significant amounts on becoming technologically proficient. Large enterprises spend significantly on their devices in the business industry to enhance their business operations to remain competitive in the global market.

Education segment is set to emerge as a larger market during the forecast period

With the emergence and adoption of new technologies such as wireless connectivity, high-speed connectivity technology, cloud, AR, VR and more, learning is no longer limited to the classroom. The new generation of learners today requires the freedom and flexibility to learn however they want. Especially after COVID-19, learning is shifted to videos than texts. The anytime, anywhere, and anyone education culture has revolutionized the education industry.

Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=236764144

Asia Pacific is projected to grow at the fastest growth rate during the forecast period

Asia Pacific consists of countries, such as Japan, China, India, Australia, and New Zealand. The countries in Asia Pacific region are projected to register high growth rates in the text-to-video AI market. The region is expected to witness the highest CAGR during the forecast period. Generative AI is still evolving in the region; major players are expected to invest in text-to-video AI in the upcoming years.

Market Players

The major vendors covered in the text-to-video AI market include GliaCloud (Taiwan), Designs.ai (Singapore), Pictory (US), Raw Shorts (US), Wochit (US), Vimeo (US), Vedia (US), Lumen5 (Canada), Synthesia (UK), Steve AI (US), InVideo (US), Meta (US), Hour One (Israel), Google (US), Elai.io (US), Peech (Israel), Wave.video (US), DeepBrain AI (South Korea), D-ID (Israel), Yepic AI (UK), Movio (US), KLleon (South Korea), Synthesys (UK), VEED (UK), and Ezoic (US).

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit MarketsandMarkets™ or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/text-to-video-ai-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/text-to-video-ai.asp