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Text to Video AI Market Share

Report ID: GMI5776
Published Date: May 2023
Report Format: PDF

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Text to Video AI Market Share

The major companies operating in the text-to-video AI market include

Vimeo
Wochit
Synthesia
pictory.ai
GliaCloud
InVideo
Wave video

Companies operating in the market are forming strategic partnerships and collaborations to develop innovative text-to-video AI solutions to increase their revenue share. The companies are also focused on expanding their market presence through strategic partnerships.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of text to video AI was worth USD 122.5 million in 2022 and will witness more than 35% CAGR from 2023 to 2032, due to the rising usage of video content tools by businesses and institutions for marketing purposes.

The services component segment recorded more than 35% of the market share in 2022 owing to the demand for quick and simple creation of attractive videos.

Asia Pacific market size is poised to record over 40% CAGR during 2023 to 2032, due to the expanding e-commerce sector in the region.

Vimeo, Wochit, Synthesia, pictory.ai, GliaCloud, InVideo and Wave video are some of the prominent text to video AI firms.