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Deepfake AI Market Trends

  • Report ID: GMI11947
  • Published Date: Oct 2024
  • Report Format: PDF

Deepfake AI Market Trends

The demand for advanced detection technologies is rising due to growing concerns about misinformation and digital fraud. As deepfake content becomes increasingly sophisticated, organizations are investing in robust detection tools to protect their reputations and ensure content authenticity. Collaborations between tech companies and research institutions are fostering innovation, leading to the development of more accurate and efficient detection solutions.
 

For instance, in July 2024, Trend Micro launched innovative deepfake detection technology designed to protect consumers and businesses from the growing threats associated with AI-generated content. This initiative is especially timely due to the rising accessibility of deepfake tools, which have become a significant security concern.
 

The proliferation of advanced synthetic media technology poses significant risks, particularly concerning identity fraud. Malicious actors can use deepfakes to impersonate individuals, leading to severe consequences in personal and financial domains. Additionally, as deepfake technology evolves, it becomes increasingly difficult to detect and differentiate between genuine content and sophisticated fakes. This challenge not only complicates the efforts of law enforcement and security agencies but also raises ethical concerns about privacy and misinformation. The lack of effective detection tools may hinder trust in digital content, making it crucial for stakeholders to address these vulnerabilities to safeguard against potential misuse.

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of deepfake AI reached USD 805.1 million in 2023 and is set to grow at a 26.3% CAGR from 2024 to 2032, driven by the increasing demand for personalized digital experiences.

The software segment, which accounted for 76% of the market share in 2023, is expected to exceed USD 4.9 billion by 2032 due to rapid innovation and increased investment in AI research.

The cloud segment held 68% of the market share in 2023, with organizations favoring cloud-based solutions for their scalability, flexibility, and cost-effectiveness.

The North America market accounted for 42% of the revenue share in 2023 and is expected to exceed USD 2.7 billion by 2032, driven by advancements in AI technology and rising concerns about misinformation and security.

The industry features key players such as Kairos, Reface, Truepic, DeepBrain, Synthesia, Resemble AI, Wombo, Oz Forensics, iDenfy, and BioID, driven by advancements in artificial intelligence and machine learning technologies.

Deepfake AI Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 190
  • Countries covered: 21
  • Pages: 180
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