South Africa Ai Video Generator Market Size & Outlook
South Africa ai video generator market, 2017-2030 (US$M)
Related Markets
South Africa ai video generator market highlights
- The South Africa ai video generator market generated a revenue of USD 4.3 million in 2023 and is expected to reach USD 16.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 21.2% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Ai video generator market data book summary
| Market revenue in 2023 | USD 4.3 million |
| Market revenue in 2030 | USD 16.5 million |
| Growth rate | 21.2% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
| Key market players worldwide | Synthesia, Lumen5, muse.ai, Adobe Inc, Synth, Raw Shorts, Pictory, FlexClip.com, Designs.ai, InVideo, Rephrase.ai |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.8% of the global ai video generator market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia ai video generator market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 16.5 million by 2030.
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AI Video Generator Market Scope
AI Video Generator Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa ai video generator market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ai video generator market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 65.12% in 2023. Horizon Databook has segmented the South Africa ai video generator market based on solution, services covering the revenue growth of each sub-segment from 2017 to 2030.
The development of the AI video generator market is attributed to growing demand for digital content and a growing digital space in South Africa. The proliferation of social media platforms and growing online video influence are driving a demand for simple and effective video creation tools.
Growing emphasis on digital transformation and innovation in South Africa is backing the development of the AI video generator market. South African companies, especially in advertising, marketing, and e-learning, are looking into AI-driven video creation for content generation, customized marketing campaigns, and efficient workflows.
The increasing creator economy in South Africa is also driving the demand for easy-to-use AI video editing software. With increasing internet and smartphone penetration, the South African AI video generator market is likely to grow even more.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa ai video generator market , including forecasts for subscribers. This country databook contains high-level insights into South Africa ai video generator market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa ai video generator market size, by component, 2017-2030 (US$M)
South Africa AI Video Generator Market Outlook Share, 2023 & 2030 (US$M)
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