Latin America Ai Video Generator Market Size & Outlook
Latin America ai video generator market, 2017-2030 (US$M)
Related Markets
Latin America ai video generator market highlights
- The Latin America ai video generator market generated a revenue of USD 57.4 million in 2023.
- The market is expected to grow at a CAGR of 20.3% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 57.4 million |
| Market revenue in 2030 | USD 208.9 million |
| Growth rate | 20.3% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 10.3% of the global ai video generator market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 154.6 million by 2030.
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AI Video Generator Market Scope
AI Video Generator Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 64.11% in 2023. Horizon Databook has segmented the Latin America ai video generator market based on solution, services covering the revenue growth of each sub-segment from 2017 to 2030.
The Latin America AI Video Generator market is witnessing significant growth due to the growing need for quality video content throughout the region. Latin American companies, especially in marketing, advertising, and e-commerce, are increasingly embracing AI video generation solutions to develop compelling content, personalize marketing efforts, and expand their reach.
The increasing popularity of social media websites and the expanding power of web-based content creators are also fueling the need for AI-driven video production tools. In addition, increasing internet and smartphone penetration throughout Latin America is increasing the dissemination of digital content and driving the need for video creation tools.
As the digital environment in Latin America keeps growing, the market for AI video generators is expected to grow exponentially. The demand for localized content, responding to the varied languages and cultural sensitivities of the region, is another dominant factor influencing the market.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America ai video generator market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America ai video generator market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America ai video generator market size, by country, 2017-2030 (US$M)
Latin America AI Video Generator Market Outlook Share, 2023 & 2030 (US$M)
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