The AI Video Market is being driven by Surging demand for automated and personalized video content
The AI Video Market is expected to grow at a CAGR of 35.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 12976.1 million. The global AI video market is witnessing a notable shift towards the utilization of hyper-realistic digital avatars, also known as digital humans or synthetic presenters. This trend marks a substantial advancement from basic animated characters to AI-driven personas capable of exhibiting intricate facial expressions, gestures, and vocal inflections. The primary catalyst for this trend is the corporate sector's growing need for scalable, economical, and consistent communication solutions. Digital avatars are increasingly being employed by corporations for various applications, such as employee onboarding and training, customer service tutorials, and internal corporate communications. By adopting digital avatars, businesses eliminate the challenges and expenses associated with hiring human actors, securing studio facilities, and managing film shoots.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
241 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 35.4% |
Market growth 2025-2029 |
USD 12976.1 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
30.1 |
Key countries |
US, Germany, UK, China, India, Brazil, Canada, France, Italy, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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In the dynamic AI video market, cutting-edge technologies such as synthetic video generation and AI-driven video effects enhance visual experiences. Quality metrics ensure optimal video delivery, while data security safeguards protect valuable content. AI powers video streaming optimization, monitoring, and analysis, including content analysis, anomaly detection, and labeling. Transcoding solutions, restoration, and recommendation systems streamline workflows. Automated captioning, object tracking, and chatbots further advance video applications. AI also revolutionizes video conferencing, livestream processing, high-resolution rendering, VR/AR video, and video game development. Surveillance systems leverage AI for advanced security and monitoring.
The global IT software market encompasses businesses specializing in the development and production of application, system, and database management software. This market segment includes enterprises focused on creating application software for specific business or consumer needs, such as enterprise and technical software, as well as cloud-based solutions. Technavio estimates the market size based on the consolidated revenue of these companies, incorporating both traditional and cloud-based software providers. Key technologies driving growth in this sector include video generation models, deep learning algorithms, computer vision systems, and advanced neural network architectures.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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