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The Rise of Deepfake AI Market: A $5,134 million Industry Dominated by Tech Giants - Synthesia, Reface, Sentinel AI, Pindrop, BioID | MarketsandMarkets™
Chicago, July 17, 2024 (GLOBE NEWSWIRE) -- The global Deepfake AI Market size is anticipated to grow at a CAGR of 44.5% during the forecast period, from USD 564 million in 2024 to USD 5,134 million by 2030, according to a new report by MarketsandMarkets™. AI breakthroughs are giving creators the power to make incredibly realistic fake videos and pictures, called synthetic media. This tech is becoming easier and cheaper to use, making it popular across fields like entertainment and education. The demand for these tools is exploding, leading to a boom in the market for creating synthetic media through deepfake AI solutions. Social media's massive reach fuels this growth even further. However, as people become more aware of potential misuse, there's a growing need for ways to spot fakes and verify real content. This dual demand for both deepfake creation and detection, is pushing the market for these tools towards major growth in the coming years.
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Deepfake AI Market Dynamics:
Drivers:
Growing advancements in artificial intelligence (AI) technology and proliferation of digital media platforms
Increasing deepfakes posing threat to digital identity
Surging demand for ethical deepfakes in marketing and advertising
Restraints:
Growing concerns over inaccurate results and misidentifications
Evolving techniques of image manipulation
Opportunities:
Surging deepfake scams to open new doors for deepfake detection solution companies
Collaborative efforts between technology companies and policymakers to establish guidelines for ethical AI development and deployment.
Integration with emerging technologies to create immersive and interactive experiences.
List of Top Companies in Deepfake AI Market:
Synthesia (UK)
Reface (Ukraine)
Sentinel AI (Estonia)
Pindrop (US)
BioID (Germany
D-ID (Israel)
DuckDuckGoose (Netherlands)
Q-Integrity (Switzerland)
Sensity AI (Netherlands)
Kroop AI (India)
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Deepfake AI's landscape has been greatly altered by recent technology breakthroughs, which have improved both its capabilities and uses. One significant development is the improvement of generative adversarial networks (GANs), which are essential for producing deepfake content ...