Is there a name for this type/style of video?

I've seen videos of this style--simple animations and transitions in a format reminiscent of an infographic--become exponentially more common over the last few years, to the point where they seem to be literally everywhere. Is there a name for this particular type or style of video? Even how does one actually make these? They seem, at least from their outward appearance, to be fairly low cost and visually appealing, so I imagine they'd make a good (if somewhat overly common) marketing vehicle

Thanks for your help!

Marketing Video Animation Studio