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Text to Video AI Market Size
- Report ID: GMI5776
- Published Date: May 2023
- Report Format: PDF
Text to Video AI Market Size
Text to Video AI Market size was valued at USD 122.5 million in 2022 and is anticipated to witness over 35% CAGR between 2023 and 2032, attributed to the growing adoption of video content tools by businesses and institutions for marketing purposes.attributed to the growing adoption of video content tools by businesses and institutions for marketing purposes.
Video content helps in increasing website traffic, enhance search engine rankings and increase the conversion rates. Businesses are incorporating videos into their marketing strategy to stay ahead of competition and cater to the ever-changing demands of their audience. Businesses are using video content majorly for explaining their products on their websites.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Text to Video AI Market Size in 2022: | USD 122.5 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 35% |
| 2032 Value Projection: | USD 2 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 200 |
| Tables, Charts & Figures: | 373 |
| Segments covered: | Component, Deployment, Organization Size, Application, End-User |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The major factor restraining the growth of the market is the high computing costs of text-to-video AI software. The software needs a huge amount of computing power and has very high computation costs which makes training very unaffordable. The software uses a large amount of data to train, and only large enterprises can build this type of software.
Frequently Asked Questions (FAQ) :
Text to Video AI Market Scope
