The global market for AI writing assistant software was worth USD 372 million in 2021 and is projected to grow at a healthy CAGR of around 15% by the year 2030, according to a recent market study titled “Global AI Writing Assistant Software Market by Types (On-premise and Cloud-based), End-users (Individual, Commercial, and Others), and Regions: Size, Share, Trends, and Opportunity Analysis, 2019-2030.”
The global market for AI writing assistant software is predicted to expand rapidly as a result of high demand from a broad range of end-user industries including K-12 and higher education, government, and publishing.
Summary of the Artificial Intelligence-based Writing Assistant Software Market
The worldwide market for AI writing assistant software may be subdivided into on-premise and cloud-based options. Over the course of the projection period, the cloud-based type segment is expected to grow at a steady CAGR.
The cloud-based AI assistant software ensures consistency throughout the team’s network, ensuring that all communications are appropriately businesslike and devoid of typos. As it charges customers just for the time they use the programme, the cloud-based AI writing helper software helps them save money. The growth of the cloud-based market is expected to be spurred by the above mentioned causes.
The worldwide market for AI writing assistant software is divided into three distinct submarkets based on the end users: consumers, businesses, and others. The increased use of AI-powered writing assistant software by SMEs and MNCs for purposes such as market analysis and brand marketing bodes well for the commercial sector’s rapid expansion throughout the projection period.
North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa are the five primary regional segments of the market. Because of the concentration of industry leaders and the rising volume of R&D spending, the North American market is expected to grow at a substantial CAGR during the forecast period. As a result of European enterprises’ increasing strategic investments in AI technology, the European market is expected to account for a sizable chunk of the worldwide AI writing assistant software industry.
Growing consumer interest in AI-powered writing assistant apps, as well as supportive government policies, are driving market growth in Europe. Content writing businesses have been early adopters of these tools and technologies because of the benefits they provide in terms of speed and quality of output.
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Key Market Participants Profiled in the Report
- Grammarly Inc.
- Ginger Software
- Textio
- AI Writer
- Frase, Inc.
- Jasper.ai
- Anyword (Keywee Inc.)
- ProWritingAid (Orpheus Technology)
- SEMrush
- Pepper Content Pvt. Ltd
- Skillroads
- Textly, Inc. (Linguix)
- Scalenut
- Datapeople
- WRITER
The following are some of the underlying reasons why businesses should invest in a research on the market for AI-powered writing assistant software:
- Forecasts for the future of the artificial intelligence (AI) writing assistant software market are analysed in this report.
Using Porter’s five forces model, it examines the AI writing assistant software industry from many vantage points. - The report analyses the market for AI writing assistant software, including the product segment that will generate the most revenue and the geographical areas where the industry is anticipated to expand at a rapid rate.\
- The report details the most recent developments in the field, the market shares of the top AI Writing Assistant Software, and the strategies used by the leading companies in this space.
- The market share of the most important companies in the AI Writing Assistant Software industry during the last five years, as well as the most often used expansion tactics, are analysed.
- The study includes detailed profiles of the most prominent companies in the AI Writing Assistant Software market, including the companies’ product offerings, key financial data, recent developments, SWOT analysis, and overall strategy.
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