Artificial Intelligence (AI) Video Generator Global Market Report 2024

The AI video generator market size has grown exponentially in recent years. It will grow from $0.57 billion in 2023 to $0.69 billion in 2024 at a compound annual growth rate (CAGR) of 22.4%. The growth observed during the historical period can be attributed to several factors, including the increasing demand for social media advertising, the need for high-quality video content, the expanding number of internet users, the rise in spending on digital marketing, and the popularity of short videos.

The AI video generator market size is expected to see exponential growth in the next few years. It will grow to $1.57 billion in 2028 at a compound annual growth rate (CAGR) of 22.7%. The forecasted growth can be attributed to several factors expected in the upcoming period, including the expanding number of social media users, increased demand for video creation tools, the desire for personalized and interactive content, the emergence of virtual and augmented reality technologies, the rising popularity of virtual events, and the growing applications of e-commerce. Key trends anticipated in the forecast period encompass real-time video generation, cross-modal video generation, interactive and immersive video experiences, advancements in natural language processing (NLP), computer vision, and speech recognition technologies, the integration of the Internet of Things (IoT) and blockchain, as well as the development of AI-driven content creation platforms and tools.

The expansion of the AI video generator market is expected to be fueled by the increasing utilization of social media in the future. Social media platforms are online spaces where users can create and share content, engage with others, and participate in virtual communities. The rise in social media usage can be attributed to various factors, including increased internet accessibility, widespread smartphone adoption, the need for connectivity, the simplicity of content creation, and the growing influence of online communities and influencers. AI video generators integrated into social media platforms enhance content creation, customization, and user interaction, resulting in a more dynamic and immersive social media experience. These generators automatically produce videos from user-provided content, such as images, text, and videos. For example, in February 2023, Meltwater reported that Instagram had 28.75 million users and LinkedIn had 35 million subscribers. Additionally, a report by Meta Platforms Inc. in December 2022 stated that 2.93 billion users visited one or more social media platforms in September 2022, increasing to 2.96 billion by December 2022. Therefore, the growing use of social media is a driving force behind the expansion of the AI video generator market.

Key players in the AI video generator market are concentrating on developing innovative solutions, such as text-to-video models, to stay competitive. Text-to-video models enable the automated creation of videos from textual descriptions, enabling users to generate engaging visual content without the need for manual video editing or production expertise. For instance, in February 2024, OpenAI introduced Sora, a new generative AI model capable of creating detailed videos from simple written prompts. This text-to-video model empowers users to craft photorealistic videos based on their written prompts, capable of generating intricate scenes with multiple characters, specific types of motion, and precise details of the subject and background. Sora utilizes a transformer architecture, similar to GPT models, and represents videos and images as collections of smaller data units known as patches.

In November 2021, Jellysmack acquired Kamua for an undisclosed sum, aiming to enhance its existing AI video editing technology suite to better support creators. Kamua, based in the UK, provides a cloud-based AI video generator platform that enables users to create videos at scale and generate content in multiple languages.

Major companies operating in the artificial intelligence (AI) video generator market are Amazon.com Inc., Google LLC, Microsoft Corporation, Alibaba Group Holding Limited, Facebook Inc., Huawei Technologies Co. Ltd, Sony Corporation, Tencent Holdings Limited, Intel Corporation, International Business Machines Corporation, NVIDIA Corporation, Baidu Inc., Adobe Inc., Activision Blizzard Inc., Autodesk Inc., OpenAI Inc., Vimeo Inc., Kaltura, Synthesia Ltd., Animoto Inc., HeyGen, InVideo Inc., Lumen5 Technologies Ltd, Magisto, Pictory Corp., Typito, Moovly, Prontopia, FlexClip, DeepBrain AI, Steve.AI.

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

An artificial intelligence (AI) video generator is software or a system that employs artificial intelligence techniques, particularly deep learning and computer vision algorithms, to autonomously generate videos from input data like images, text, or audio. It can produce videos from scratch or enhance existing ones by incorporating visual effects, modifying scenes, or synthesizing new content.

The primary components of an artificial intelligence (AI) video generator consist of solutions and services. The AI video generator solution encompasses software designed to create and edit videos utilizing artificial intelligence algorithms. It utilizes various sources such as text to video, PowerPoint to video, and spreadsheet to video, catering to organizations of different sizes including large enterprises, small enterprises, and midsize enterprises (SMEs). It serves a diverse range of end-users including marketing, e-commerce, educational institutions, information technology, telecommunications, healthcare, among others.

The AI video generator market research report is one of a series of new reports that provides AI video generator market statistics, including AI video generator industry global market size, regional shares, competitors with an AI video generator market share, detailed AI video generator market segments, market trends and opportunities, and any further data you may need to thrive in the AI video generator industry. This AI video 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 AI video generator market includes revenues earned by entities by providing services such as video creation, video editing, educational content, marketing campaigns, automated subtitling and captioning, video enhancement, voiceovers or converting text into speech, and content analysis and insights. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

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).

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.


This product will be delivered within 3-5 business days.