Is there any solution in LaTeX tables that implements similar functionality to MSWord's AutoFit?

Is there any solution in LaTeX tables that implements similar functionality to MSWord's AutoFit?

Have a look at the tabulary package. Its description reads:
The package defines a
tabular*-like tabulary environment, taking a ‘total width’ argument as well as the column specifications. It then defines column typesL,C,RandJfor variable width columns (\raggedright',\centering,\raggedleft, and normally justified). In contrast totabularx's X columns, the width of each column is weighted according to the natural width of the widest cell in the column.
In my example, I also use the ragged2e package to allow for hyphenation within the table cells.
\documentclass{article}
\renewcommand{\arraystretch}{1.5}
\usepackage{tabulary}
\usepackage[newcommands]{ragged2e}
\begin{document}
\begin{tabulary}{0.8\textwidth}{LLL}
Definition and Validation of Dynamic Video Reframing based on & Definition and Validation of & Definition and Validation of Dynamic \\
Definition and Validation of Dynamic & Definition and Validation of & Definition and Validation of \\
\end{tabulary}
\end{document}

(Fixed a bug in an earlier version of this post that had a missing '\'.)
tabulary doesn't have a fixed total width. The 'total width' argument acts as an upper limit on the width.
– Harish Rajagopal
Feb 27 '21 at 10:07