1. HOME
2. Research Insight
3. Text-to-Video AI Market Size and Share - Comprehensive Analysis and Insights

At a Compound Annual Growth Rate (CAGR) of 37.1% over the course of the forecast period, the text-to-video AI market is expected to increase from USD 0.1 billion in 2022 to USD 0.9 billion by 2027. The inclusion of data-driven videos on websites to boost conversion rates is driving the growth of the text-to-video AI market.

The text-to-video AI market is poised for substantial growth in the coming years, driven by several key factors:

• Technological Advancements
• Increasing Demand for Video Content
• Cost and Time Efficiency
• Integration with Other Digital Platforms
• Personalization and Multilingual Capabilities

These growth factors highlight the dynamic and evolving nature of the text-to-video AI market, driven by the need for technological innovation, operational efficiency, and engaging content creation.

To know about the assumptions considered for the study download the pdf brochure

Technological Advancements:

• AI and Machine Learning: The integration of AI and machine learning for content creation, data analytics, and operational optimization is a significant growth driver.
• Automation and Real-Time Editing: Increasing adoption of automation tools and real-time video editing enhances operational efficiency and video quality.

Increasing Demand for Video Content:

• Content Consumption: The rise in video content consumption across social media, entertainment, and education sectors fuels the demand for AI-driven video solutions.
• Marketing and Engagement: Businesses are leveraging video content to enhance marketing efforts and engage with customers more effectively.

Cost and Time Efficiency:

• Resource Optimization: AI tools reduce the need for extensive human resources and expensive equipment, making video production more affordable.
• Speed and Scalability: AI-driven video creation allows for rapid content production, catering to the growing need for frequent updates and scalability.

Integration with Other Digital Platforms:

• Social Media and CMS Integration: Seamless integration with social media platforms and content management systems streamlines distribution and management of video content.
• Digital Marketing Tools: Integration with marketing automation tools enhances the effectiveness of AI-generated videos in campaigns.

Personalization and Multilingual Capabilities:

• Customized Content: AI enables the creation of personalized videos tailored to individual preferences, boosting engagement and customer satisfaction.
• Global Reach: Multilingual capabilities allow businesses to produce video content in various languages, expanding their reach to international audiences.

Text-to-Video AI Market Share - Global Industry Landscape

The text-to-video AI market is characterized by the presence of several key players competing for market share. Some of the leading companies in the text-to-video AI industry include:

• GliaCloud (Taiwan)
• Designs.ai (Singapore)
• Pictory (US)
• Lumen5 (Canada)
• Synthesia (UK)

These companies are influential in the text-to-video AI market, offering diverse solutions that enhance operational efficiency, engagement, and accessibility in video content creation.

GliaCloud (Taiwan)

Market Share: GliaCloud is a significant player in the text-to-video AI market, known for its GliaStudio platform that converts text articles into video content.

Key Offerings:

• GliaStudio: A platform that leverages AI to transform text articles into engaging video content for news agencies and media companies.
• High-Quality Video Production: Focus on quality and efficiency has earned GliaCloud a significant market share in the Asian market.

Designs.ai (Singapore)

Market Share: Designs.ai holds a strong position in the Southeast Asian market, offering a comprehensive suite of AI-powered design tools.

Key Offerings:

• Videomaker: Allows users to create videos from text effortlessly, with a user-friendly interface and wide range of customization options.
• Marketing and Social Media Tools: Popular among marketers and social media influencers for its robust features.

Pictory (US)

Market Share: Pictory is a leading player in the US market, known for its advanced platform that turns scripts and articles into professional-quality videos.

Key Offerings:

• Advanced Editing Features: Provides seamless integration with social media platforms, ideal for content creators and digital marketers.
• Quick Turnaround: Focuses on rapid video production to meet the demands of frequent updates.

Lumen5 (Canada)

Market Share: Lumen5 is renowned for its easy-to-use platform that converts text into engaging video content, popular in North America.

Key Offerings:

• AI-Driven Storytelling: Focuses on creating visually appealing videos quickly and efficiently.
• Brand Alignment: Ensures videos align with brand identity and messaging.

Synthesia (UK)

Market Share: Synthesia specializes in AI-generated videos featuring digital avatars, securing a strong market presence in Europe.

Key Offerings:

• AI Avatars: Digital avatars that can speak multiple languages, ideal for personalized video content.
• Innovative Approach: Focuses on creating realistic digital avatars for enhanced communication.

Related Reports:

Text-to-Video AI Market by Component (Software, Services), Deployment Mode, Organization Size, End User (Corporate Professionals, Content Creators), Vertical (Education, Media & Entertainment, Retail & eCommerce) and Region - Global Forecast to 2027