The North America Text-to-Video AI Market should witness market growth of 34.9% CAGR during the forecast period (2022-2028).
Companies prefers videos that are original and updated. In the end, they can place the site higher or lower in the search results since more people will view the page in the results. This will result in a more favorable brand image and increased sales. Also, videos contribute to an increase in metrics such as the amount of time people spend on a page and the number of backlinks pointing to the site, videos increase these metrics.
According to studies, people spend more than twice as much time on a page with a video than one without one, and the better the content's quality, the greater the likelihood that a company will receive backlinks. Text-to-video AIwill enable users to brand their goods or services with original content and help customers stand out in Google rankings, and enhance their reputation. As a result, Google may continue to be a bigger admirer of user-generated content.
Long-term digital transformation programs across North America have undergone rapid change due to the pandemic. As a result, businesses are embracing the use of modern technologies in business decision-making and adopting digital channels for client interactions quickly. With US$37.5 billion in imports and US$7.7 billion in exports worldwide in 2021, the Canadian ICT sector heavily depends on international trade. After China, the United States is Canada's second-largest provider of ICT products, and in 2020, it will be the country to which Canadian ICT exports will be exported, worth US$5.1 billion. As a result, there has been an increase in investment in platforms for managing and creating digital material.
The US market dominated the North America Text-to-Video AI Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $264,857.9 Thousands by 2028. The Canada market is poised to grow at a CAGR of 37.9% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 36.7% during (2022-2028).
Based on Component, the market is segmented into Software and Services. Based on End-user, the market is segmented into Marketers, Social Media Managers, Educators & Course Creators, Content Creators, Corporate Professionals, and Others. Based on Vertical, the market is segmented into Education, Travel & Hospitality, Fashion & Beauty, Media & Entertainment, Retail & Ecommerce, Food & Beverages, Real Estate, and Others. Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-Sized Enterprises. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Vimeo.com, Inc., Meta Platforms, Inc., De-Identification Ltd., Google LLC (Alphabet, Inc.), Synthesia Limited, Veed Limited, Movio, Yepic AI Limited, Animatron, Inc. (Wave.video), and Ezoic, Inc.
Companies prefers videos that are original and updated. In the end, they can place the site higher or lower in the search results since more people will view the page in the results. This will result in a more favorable brand image and increased sales. Also, videos contribute to an increase in metrics such as the amount of time people spend on a page and the number of backlinks pointing to the site, videos increase these metrics.
According to studies, people spend more than twice as much time on a page with a video than one without one, and the better the content's quality, the greater the likelihood that a company will receive backlinks. Text-to-video AIwill enable users to brand their goods or services with original content and help customers stand out in Google rankings, and enhance their reputation. As a result, Google may continue to be a bigger admirer of user-generated content.
Long-term digital transformation programs across North America have undergone rapid change due to the pandemic. As a result, businesses are embracing the use of modern technologies in business decision-making and adopting digital channels for client interactions quickly. With US$37.5 billion in imports and US$7.7 billion in exports worldwide in 2021, the Canadian ICT sector heavily depends on international trade. After China, the United States is Canada's second-largest provider of ICT products, and in 2020, it will be the country to which Canadian ICT exports will be exported, worth US$5.1 billion. As a result, there has been an increase in investment in platforms for managing and creating digital material.
The US market dominated the North America Text-to-Video AI Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $264,857.9 Thousands by 2028. The Canada market is poised to grow at a CAGR of 37.9% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 36.7% during (2022-2028).
Based on Component, the market is segmented into Software and Services. Based on End-user, the market is segmented into Marketers, Social Media Managers, Educators & Course Creators, Content Creators, Corporate Professionals, and Others. Based on Vertical, the market is segmented into Education, Travel & Hospitality, Fashion & Beauty, Media & Entertainment, Retail & Ecommerce, Food & Beverages, Real Estate, and Others. Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-Sized Enterprises. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Vimeo.com, Inc., Meta Platforms, Inc., De-Identification Ltd., Google LLC (Alphabet, Inc.), Synthesia Limited, Veed Limited, Movio, Yepic AI Limited, Animatron, Inc. (Wave.video), and Ezoic, Inc.
Scope of the Study
By Component
- Software
- Services
By End-user
- Marketers
- Social Media Managers
- Educators & Course Creators
- Content Creators
- Corporate Professionals
- Others
By Vertical
- Education
- Travel & Hospitality
- Fashion & Beauty
- Media & Entertainment
- Retail & Ecommerce
- Food & Beverages
- Real Estate
- Others
By Deployment Type
- Cloud
- On-premise
By Organization Size
- Large Enterprises
- Small & Medium-Sized Enterprises
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Vimeo.com, Inc.
- Meta Platforms, Inc.
- De-Identification Ltd.
- Google LLC (Alphabet, Inc.)
- Synthesia Limited
- Veed Limited
- Movio
- Yepic AI Limited
- Animatron, Inc. (Wave.video)
- Ezoic, Inc.
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. North America Text-to-Video AI Market by Component
Chapter 4. North America Text-to-Video AI Market by End-user
Chapter 5. North America Text-to-Video AI Market by Vertical
Chapter 6. North America Text-to-Video AI Market by Deployment Type
Chapter 7. North America Text-to-Video AI Market by Organization Size
Chapter 8. North America Text-to-Video AI Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Vimeo.com, Inc.
- Meta Platforms, Inc.
- De-Identification Ltd.
- Google LLC (Alphabet, Inc.)
- Synthesia Limited
- Veed Limited
- Movio
- Yepic AI Limited
- Animatron, Inc. (Wave.video)
- Ezoic, Inc.
Methodology
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About the Text to Video AI Market
The Text to Video AI market represents a segment of the broader video content production industry, leveraging artificial intelligence to convert written text into video format. Unlike Video, DVD, and Blu-ray formats, which are typically distribution channels for video content, Text to Video AI focuses on content creation. It involves using sophisticated algorithms that can interpret written language and generate corresponding visual and audio elements. This technology enables rapid and Read more
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