The Europe Text-to-Video AI Market should witness market growth of 36.0% CAGR during the forecast period (2022-2028).
Numerous image stock websites and video templates are no longer engaging to the audience. Text-to-video AIcan unlock creativity and produce captivating surrealistic videos representing the product or service sold. With the assistance of text-to-video AI, the brand may build a 100% original and completely unique story.
For brands, persuading individuals to consume information is a significant obstacle. However, the vivid experience provided by videos helps students overcome this obstacle. Movies use close-ups, animations, text, sound effects, and other elements to make the process interactive rather than only informative. And these aspects, in turn, assist the audience in focusing more on the substance than the boring, generic words. Because videos make information more accessible, they generate more clicks than text.
Investment in digital advertising has been rising for more than ten years. Despite the UK marketing budgets being reduced across several businesses because of the COVID-19 pandemic, digital marketing is still thriving. Generally, retail and financial industry businesses are most likely to work with UK digital ad firms. Given that ASOS and other fashion retail companies were recognized as the UK businesses with the most successful digital marketing strategy, these expenditures appear to be paying off. So, as digital advertising grows, does the demand for video content that uses already-existing text content for advertising. The region's growing AI infrastructure, combined with this, is giving the European text-to-video AI market tremendous potential.
The Germany market dominated the Europe Text-to-Video AI Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $64,944.9 Thousands by 2028. The UK market is anticipated to grow at a CAGR of 34.9% during (2022-2028). Additionally, The France market would exhibit a CAGR of 37% during (2022-2028).
Based on Component, the market is segmented into Software and Services. Based on End-user, the market is segmented into Marketers, Social Media Managers, Educators & Course Creators, Content Creators, Corporate Professionals, and Others. Based on Vertical, the market is segmented into Education, Travel & Hospitality, Fashion & Beauty, Media & Entertainment, Retail & Ecommerce, Food & Beverages, Real Estate, and Others. Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-Sized Enterprises. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Vimeo.com, Inc., Meta Platforms, Inc., De-Identification Ltd., Google LLC (Alphabet, Inc.), Synthesia Limited, Veed Limited, Movio, Yepic AI Limited, Animatron, Inc. (Wave.video), and Ezoic, Inc.
Numerous image stock websites and video templates are no longer engaging to the audience. Text-to-video AIcan unlock creativity and produce captivating surrealistic videos representing the product or service sold. With the assistance of text-to-video AI, the brand may build a 100% original and completely unique story.
For brands, persuading individuals to consume information is a significant obstacle. However, the vivid experience provided by videos helps students overcome this obstacle. Movies use close-ups, animations, text, sound effects, and other elements to make the process interactive rather than only informative. And these aspects, in turn, assist the audience in focusing more on the substance than the boring, generic words. Because videos make information more accessible, they generate more clicks than text.
Investment in digital advertising has been rising for more than ten years. Despite the UK marketing budgets being reduced across several businesses because of the COVID-19 pandemic, digital marketing is still thriving. Generally, retail and financial industry businesses are most likely to work with UK digital ad firms. Given that ASOS and other fashion retail companies were recognized as the UK businesses with the most successful digital marketing strategy, these expenditures appear to be paying off. So, as digital advertising grows, does the demand for video content that uses already-existing text content for advertising. The region's growing AI infrastructure, combined with this, is giving the European text-to-video AI market tremendous potential.
The Germany market dominated the Europe Text-to-Video AI Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $64,944.9 Thousands by 2028. The UK market is anticipated to grow at a CAGR of 34.9% during (2022-2028). Additionally, The France market would exhibit a CAGR of 37% during (2022-2028).
Based on Component, the market is segmented into Software and Services. Based on End-user, the market is segmented into Marketers, Social Media Managers, Educators & Course Creators, Content Creators, Corporate Professionals, and Others. Based on Vertical, the market is segmented into Education, Travel & Hospitality, Fashion & Beauty, Media & Entertainment, Retail & Ecommerce, Food & Beverages, Real Estate, and Others. Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-Sized Enterprises. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Vimeo.com, Inc., Meta Platforms, Inc., De-Identification Ltd., Google LLC (Alphabet, Inc.), Synthesia Limited, Veed Limited, Movio, Yepic AI Limited, Animatron, Inc. (Wave.video), and Ezoic, Inc.
Scope of the Study
By Component
- Software
- Services
By End-user
- Marketers
- Social Media Managers
- Educators & Course Creators
- Content Creators
- Corporate Professionals
- Others
By Vertical
- Education
- Travel & Hospitality
- Fashion & Beauty
- Media & Entertainment
- Retail & Ecommerce
- Food & Beverages
- Real Estate
- Others
By Deployment Type
- Cloud
- On-premise
By Organization Size
- Large Enterprises
- Small & Medium-Sized Enterprises
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Vimeo.com, Inc.
- Meta Platforms, Inc.
- De-Identification Ltd.
- Google LLC (Alphabet, Inc.)
- Synthesia Limited
- Veed Limited
- Movio
- Yepic AI Limited
- Animatron, Inc. (Wave.video)
- Ezoic, Inc.
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
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- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Europe Text-to-Video AI Market by Component
Chapter 4. Europe Text-to-Video AI Market by End-user
Chapter 5. Europe Text-to-Video AI Market by Vertical
Chapter 6. Europe Text-to-Video AI Market by Deployment Type
Chapter 7. Europe Text-to-Video AI Market by Organization Size
Chapter 8. Europe Text-to-Video AI Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Vimeo.com, Inc.
- Meta Platforms, Inc.
- De-Identification Ltd.
- Google LLC (Alphabet, Inc.)
- Synthesia Limited
- Veed Limited
- Movio
- Yepic AI Limited
- Animatron, Inc. (Wave.video)
- Ezoic, Inc.
Methodology
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About the Market
The Text to Video AI market represents a segment of the broader video content production industry, leveraging artificial intelligence to convert written text into video format. Unlike Video, DVD, and Blu-ray formats, which are typically distribution channels for video content, Text to Video AI focuses on content creation. It involves using sophisticated algorithms that can interpret written language and generate corresponding visual and audio elements. This technology enables rapid and Read more
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