Artificial Intelligence Media Entertainment Generator Global Market Report 2024

The artificial intelligence media entertainment generator market size has grown rapidly in recent years. It will grow from $12.87 billion in 2023 to $14.8 billion in 2024 at a compound annual growth rate (CAGR) of 15%. The growth observed during the historical period can be attributed to several factors, including the escalating demand for personalized content, the pursuit of cost and time efficiency in content creation, increased accessibility and ease of use of AI MEG tools, the surge in the adoption of smart devices, and a growing demand for interactive advertising in the media and entertainment industry.

The artificial intelligence media entertainment generator market size is expected to see rapid growth in the next few years. It will grow to $25.24 billion in 2028 at a compound annual growth rate (CAGR) of 14.3%. The anticipated growth in the forecast period can be attributed to factors such as the increasing demand for video content, a rising trend of video content consumption on social media platforms, innovative applications of AI in the media industry, a growing need for high-quality images, and the versatility and customization offered by AI MEG tools. Major trends expected in the forecast period encompass strategic partnerships and collaborations, advancements in AI technology, business diversification towards AI applications, favorable government initiatives, and the adoption of building blocks to help companies leverage AI capabilities.

The anticipated growth of the artificial intelligence media entertainment generator market is closely linked to the increasing acceptance of visual media. Visual media encompasses various forms of communication that rely on visual elements to convey information or narratives. Artificial intelligence media entertainment generators play a pivotal role in visual media by harnessing the capabilities of machine learning to create diverse visual elements, including striking visuals, special effects, captivating characters, and entire storylines. As of September 2023, HubSpot, a US-based software company, reported that over 50% of marketers utilized visuals in more than 91% of their content. Notably, original graphics constituted the most prevalent type of visual content, accounting for 36%, followed by stock photos at nearly 34%. Consequently, the increasing acceptance of visual media is a driving force behind the growth of the artificial intelligence media entertainment generator market.

Major companies operating in the artificial intelligence media entertainment generator market are strategically focusing on developing innovative products to solidify their market positions. A notable example is the emergence of Multichannel AI content generators, cutting-edge solutions driven by technology and artificial intelligence to generate content across various channels. For instance, in April 2023, Constant Contact Inc., a US-based digital marketing and CRM platform with a focus on small businesses and nonprofits, introduced the industry's first Multichannel AI Content Generator. This technology incorporates a blend of AI techniques and tools to automate the creation of diverse and engaging content for different platforms. It enables customers to streamline the copy-drafting process for email, text, and social media campaigns, leveraging proprietary data and AI algorithms to identify content that is highly likely to engage small business clients.

In October 2022, Shutterstock Inc., a US-based stock photography company renowned for developing AI image generators, entered into a six-year partnership with OpenAI, a US-based artificial intelligence research organization. This partnership aims to empower Shutterstock's customers with synthetic editing capabilities, allowing users not only to generate new content but also to seamlessly edit and transform any image within the extensive Shutterstock library. The collaboration not only enhances Shutterstock's offerings but also provides valuable training data for OpenAI, contributing to advancements in artificial intelligence.

Major companies operating in the artificial intelligence media entertainment generator market report are Google LLC, Samsung Group, Microsoft Corporation, Alibaba Group Holding Limited, Meta Platforms Inc., Sony Corporation, Walt Disney Company, Tencent Holdings Limited, Amazon Web Services, Intel Corporation, International Business Machines Corporation (IBM), Nvidia Corporation, Baidu Inc., Adobe Inc., HCL Technologies Limited, Autodesk Inc., Unity Software Inc., Quantum Corporation, Nuance Communications Inc., OpenAI, Veritone Inc., Vidrovr, DeepMind Technologies Limited, Stability AI Ltd., Zype Inc., GrayMeta Inc.

North America was the largest region in the artificial intelligence media entertainment generator market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence media entertainment generator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the artificial intelligence media entertainment generator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The artificial intelligence media entertainment generator market consists of revenues earned by entities by providing services such as content creation, automated writing, video production, video editing, voice synthesis and dubbing. The market value includes the value of related goods sold by the service provider or included within the service offering. The artificial intelligence media entertainment generator market also includes sales of graphics processing units (GPUs), tensor processing units (TPUs), central processing units (CPUs), and field-programmable gate arrays (FPGAs). Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

Artificial intelligence media entertainment generator (AI MEG) involves the utilization of AI algorithms and tools in the media and entertainment industry to enhance content creation, personalization, and user experiences across platforms. It aims to improve the consumer experience by presenting content aligned with individual preferences and dynamically adjusting difficulty levels, thereby keeping users engaged in gaming and other entertainment activities.

The primary components of AI MEG are solutions and services. Solutions refer to the various AI-powered tools and platforms that assist content creators, marketers, and businesses in streamlining their content production processes. These solutions save time and effort while ensuring the creation of high-quality, engaging, and relevant content. Technologies such as deep learning and gesture-based technologies are employed in various industries, including art and creative, entertainment and gaming, healthcare, e-commerce, and others.

The artificial intelligence media entertainment generator market research report is one of a series of new reports that provides artificial intelligence media entertainment generator market statistics, including artificial intelligence media entertainment generator industry global market size, regional shares, competitors with an artificial intelligence media entertainment generator market share, detailed artificial intelligence media entertainment generator market segments, market trends and opportunities, and any further data you may need to thrive in the artificial intelligence media entertainment generator industry. This artificial intelligence media entertainment generator market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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