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The global market for AI video generators, valued at $472.9 million in 2022, is projected to grow at 19.7% from 2023 to 2030. The escalating demand for video content, driven by the increasing popularity of visual environments in businesses, has resulted in approximately 80% of online traffic being attributed to videos.
In the past one-and-a-half years, we have seen several startups tapping into the space with interesting models involving video creation from diverse sources like text, PowerPoint, or spreadsheets.
London-based Synthesia was one of the early companies to offer an AI-powered platform featuring Avatars, supporting over 60 languages, a screen recorder, and templates. However, Synthesia is not the only video generation platform to have gained widespread adoption.
Let’s take a look at some of the Sythesia AI alternatives.
Speechify
Launched in 2020 by Cliff Weitzman, the Speechify AI video generator is designed for marketers, educators, and content creators. This tool uses AI to transform written scripts into compelling videos, eliminating the need for complex software or editing skills.
You need to input your text, select a video style (such as slideshow or whiteboard), and let Speechify’s AI handle the rest. It generates personalised visuals, incorporates AI-powered voiceovers with diverse accents, and even includes royalty-free music.
Pricing options range from a free plan with limited features to paid plans starting at $27 per month, providing longer videos, more voiceover options, and access to a vast library of stock footage. A free trial is also available for experimentation.
While Speechify excels in creating basic explainer videos and social media content, it may not be suitable for intricate narratives or highly customised projects. Users have reported occasional AI voice glitches and limitations in video style choices.
Runway
Applied AI research company Runway’s flagship tool, Gen-2, enables users to create impressive, original videos from simple text prompts. Its capabilities extend beyond text so that users can manipulate images or existing videos with over 30 AI tools through a user-friendly drag-and-drop interface.
The pricing structure accommodates both hobbyists and professionals, with a free-tier offering basic features and paid plans providing more robust tools and higher resolutions. With its interactive interface, a number of features, and commitment to responsible AI development, Runway aims to empower anyone to become a video storyteller.
HeyGen
Like other AI video generators, HeyGen also allows users to convert scripts into engaging videos but with AI-powered avatars, eliminating the need for cameras and crews. The platform offers a diverse library of customisable AI avatars, text overlays, and background images, catering to various purposes like explainer videos, corporate training, e-commerce ads, and social media content.
Users can also upload their own graphics and audio for a personalised touch. HeyGen’s pricing starts with a free plan but paid plans, such as the Pro plan at $49/month, provide access to premium avatars, extended video lengths, and additional editing options. Despite its limitations, HeyGen has gained popularity for its user-friendly interface and cost-effectiveness, attracting both businesses and individuals.
DeepBrain AI
Established in 2016 by Eric Jang, DeepBrain AI focuses on streamlining video creation through AI. The standout product, AI Studios, is an online platform enabling users to swiftly generate polished videos from text scripts. Noteworthy features include a selection of over 100 realistic AI avatars, multilingual natural speech, text-to-video conversion, content transformation from various sources, and easy editing through a drag-and-drop interface.
AI avatars use advanced text-to-speech technology to speak various languages, enabling the generation of videos for global audiences in languages such as English, Spanish, Chinese, Korean, and more. It also offers significant time and cost savings, and is up to 80% more cost-effective and faster compared to traditional video production methods.
DeepBrain AI offers diverse pricing plans, ranging from a free trial to enterprise-level subscriptions. The platform has garnered attention by democratising video creation, forming partnerships with notable companies like Microsoft, Lenovo and NVIDIA.
VEED
UK-based SaaS startup VEED.IO’s overarching mission is to democratise video creation by offering tools that are both simple and powerful. Some of the key AI powered features include a script generator, text-to-speech functionality with realistic narrators in multiple languages, an image generator to translate scripts into visuals, and a stock media library providing access to a vast collection of royalty-free video clips, images, and music tracks.
The free plan offers a taste of the platform’s capabilities with certain export limitations, while paid plans, starting at $12 per month.
Colossyan
Colossyan, started in 2020 by Dominik Kovacs, stands out as a Hungarian startup specialising in AI-driven video creation for workplace learning and development. The platform caters to organisations and educators seeking cost-effective, engaging, and multilingual AI-generated video content for training purposes.
Its main product, Colossyan Creator, offers features like text-to-video, multiple avatars for interactive scenarios, automatic translation to over 70 languages, and tools for branding and collaboration. Colossyan Creator facilitates the rapid creation of engaging training materials, product demos, and internal communications, aligning with their mission to make video creation accessible and efficient.
Pricing options include free, Starter, Pro, and Enterprise plans, with custom pricing available for high-volume users.
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