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Global AI Text Generator Market Size, Share & Industry Trends Analysis Report By Application (Text To Text, Speech/Voice To Text and Image/Video To Text), By Component (Services and Solutions), By Industry, By Regional Outlook and Forecast, 2022 - 2028

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    Report

  • 201 Pages
  • December 2022
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5723750
The Global AI Text Generator Market size is expected to reach $1 billion by 2028, rising at a market growth of 17.8% CAGR during the forecast period.

Large media organisations employ artificial intelligence (AI) text generators as adaptable tools for a variety of tasks like composing blog posts, webpage content, articles on particular subjects, and more. As AI text generators produce texts in just a few seconds, this tool's time- and money-saving features are anticipated to accelerate the industry's growth.



For example, TextCortex generator is one of the tools used to quickly and easily create blog entries by simply entering a few keywords. People and corporations have been inspired to do the absurd by the astonishing growth of artificial intelligence and robots based on AI text generators. Artificial intelligence is no more a sci-fi fantasy; it is a necessary component of modern life, helping people in various circumstances, often without their knowledge.

AI text generators produce texts from organized big data; they may identify patterns and trends based on previous human writing and offer fresh ideas to produce more, and occasionally even better, messages. In order to achieve this, the AI gathers a tonne of data from already existing stuff, including websites, search engines, and even online movies.

A few words, phrases, and paragraphs can be used by artificial intelligence (AI) text generators to generate billions of words on the internet and whole articles. The expansion of the business is being boosted by rising technical advancements, which are expanding the application of software in downstream applications.

Developers have created a variety of alternatives for customers as a result of the rise in demand for such software tools, making it possible to create content for practically any topic using the program. The AI text generator tool includes a considerable amount of machine learning (ML) and natural language generation (NLG), which allow computers to learn from and improve on prior data as well as interact with human language.

COVID-19 Impact Analysis

With the COVID-19 pandemic outbreak, the growth of conversational AI-based technology, like conversational bots, has increased to a great extent. The pandemic would further positively impact the overall growth of the global AI Text Generator Market in the forecast period. Although, the initial phase of the pandemic has brought various obstacles in the business domain due to the low availability of a skilled workforce, imposition of lockdown restrictions, and travel ban. Conversely, the adoption of chatbot solutions within various verticals like retail & e-commerce, healthcare, and telecommunication industries has increased during the pandemic, which would propel the growth of the market throughout the forecast period.

Market Growth Factors

Efficient And Cost-Effective Solution

Modern technology like AI writing has the potential to directly affect content creation. AI writing generators are capable of creating content that is both interesting and SEO-friendly, and they can be used to supplement copywriters' work or even take their place entirely. Time and money are the most important factors for the majority of project managers trying to profit from AI writers; thankfully, AI engines assist in boosting both profitability and productivity.

The Rise Of Sophisticated Speech-To-Text Programs For Students With Disabilities

The speech-to-text API technology enables a computer to convert video or audio-based content into text, enabling students who have trouble hearing or speaking to read correctly and finish their assignments on their own. A deaf-mute student, for instance, can communicate with classmates and professors with the use of speech-to-text software. As a result, this system serves as assistive technology, enabling people with disabilities to utilise ICT. Therefore, it is projected that these factors will accelerate the growth of the AI Text Generator market as a whole throughout the projection period.

Market Restraining Factors

Hindrance From The Transcription Of Audio From Numerous Channels

This technology has a huge challenge when transcribing audio from several sources since it becomes difficult to define many terms, leading to inaccurate transcriptions or captions. Additionally, background noise, poor microphone quality, reverb and echo, accent shifts, and background noise each have the potential to reduce the accuracy of the transcription. Hence, these factors are anticipated to slow down the growth of the overall AI Text Generator market.

Component Outlook

Based on component, the AI text generator market is classified into Solutions and Services. In 2021, the Solutions segment acquired a Substantial revenue share of the market. APIs and Software Development Kits (SDKs) in the software market enable existing software or applications to convert video-based material to text format. The suppliers also provide related solutions to help streamline processes and create seamless results.



Application Outlook

Based on application, the market is classified into Text to Text, Speech/Voice to Text, and Image/Video to Text. In 2021, the text-to-text segment generated the largest revenue share. Copywriters, SEO companies, and marketers have found AI text generators to be useful tools as their use has increased. Users can benefit from AI text generators by improving consistency in the material, concentrating on more macro-level details, and optimizing the content, among other things.

Industry Outlook

Based on the Industry, the AI Text Generator Market is segmented into Media & Entertainment, Healthcare, Education, IT & telecommunications, Social Media & Networking, Ecommerce, and Others. The IT & Telecom segment gained a significant revenue share of the market in 2021. Through speech recognition, analytics, and reporting, the IT and telecom industries appear to be adopting voice technology to automate and enhance customer experience. Moreover, a growing number of IT and telecom companies are utilizing these solutions to streamline their communication and other business operations.

Regional Outlook

Based on the region, the market is divided into North America, Europe, Asia Pacific, and LAMEA. In terms of revenue share in 2021, North America dominated the AI text generator market worldwide. Key advantages, including enhanced user experience, greater content creation, more ranking keywords, time savings for content development, and rising investments in developed nations for implementing AI text generator technology, are propelling the market growth.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AI Writer Technologies FZ-LLC, CopyAI, Inc., Frase, Inc. (Copysmith Artificial Intelligence, Inc.), HyperWrite (OthersideAI, Inc.), INK Content, Inc., Jasper, Inc., Humanity Plus Technologies Private Limited (LongShot.AI), OpenAI, L.L.C., Pepper Content Pvt. Ltd., and Writesonic, Inc.

Scope of the Study

By Application

  • Text To Text
  • Speech/Voice To Text
  • Image/Video To Text

By Component

  • Services
  • Solutions

By Industry

  • E-commerce
  • Media & Entertainment
  • Social Media & Networking
  • Healthcare
  • IT & Telecommunication
  • Education
  • Others

By Geography

  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • AI Writer Technologies FZ-LLC
  • CopyAI, Inc.
  • Frase, Inc. (Copysmith Artificial Intelligence, Inc.)
  • HyperWrite (OthersideAI, Inc.)
  • INK Content, Inc.
  • Jasper, Inc.
  • Humanity Plus Technologies Private Limited (LongShot.AI)
  • OpenAI, L.L.C.
  • Pepper Content Pvt. Ltd.
  • Writesonic, Inc.

Unique Offerings

  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global AI Text Generator Market, by Application
1.4.2 Global AI Text Generator Market, by Component
1.4.3 Global AI Text Generator Market, by Industry
1.4.4 Global AI Text Generator Market, by Geography
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Global AI Text Generator Market by Application
3.1 Global Text To Text Market by Region
3.2 Global Speech/Voice To Text Market by Region
3.3 Global Image/Video To Text Market by Region

Chapter 4. Global AI Text Generator Market by Component
4.1 Global Services Market by Region
4.2 Global Solutions Market by Region

Chapter 5. Global AI Text Generator Market by Industry
5.1 Global E-commerce Market by Region
5.2 Global Media & Entertainment Market by Region
5.3 Global Social Media & Networking Market by Region
5.4 Global Healthcare Market by Region
5.5 Global IT & Telecommunication Market by Region
5.6 Global Education Market by Region
5.7 Global Others Market by Region

Chapter 6. Global AI Text Generator Market by Region
6.1 North America AI Text Generator Market
6.1.1 North America AI Text Generator Market by Application
6.1.1.1 North America Text To Text Market by Country
6.1.1.2 North America Speech/Voice To Text Market by Country
6.1.1.3 North America Image/Video To Text Market by Country
6.1.2 North America AI Text Generator Market by Component
6.1.2.1 North America Services Market by Country
6.1.2.2 North America Solutions Market by Country
6.1.3 North America AI Text Generator Market by Industry
6.1.3.1 North America E-commerce Market by Country
6.1.3.2 North America Media & Entertainment Market by Country
6.1.3.3 North America Social Media & Networking Market by Country
6.1.3.4 North America Healthcare Market by Country
6.1.3.5 North America IT & Telecommunication Market by Country
6.1.3.6 North America Education Market by Country
6.1.3.7 North America Others Market by Country
6.1.4 North America AI Text Generator Market by Country
6.1.4.1 US AI Text Generator Market
6.1.4.1.1 US AI Text Generator Market by Application
6.1.4.1.2 US AI Text Generator Market by Component
6.1.4.1.3 US AI Text Generator Market by Industry
6.1.4.2 Canada AI Text Generator Market
6.1.4.2.1 Canada AI Text Generator Market by Application
6.1.4.2.2 Canada AI Text Generator Market by Component
6.1.4.2.3 Canada AI Text Generator Market by Industry
6.1.4.3 Mexico AI Text Generator Market
6.1.4.3.1 Mexico AI Text Generator Market by Application
6.1.4.3.2 Mexico AI Text Generator Market by Component
6.1.4.3.3 Mexico AI Text Generator Market by Industry
6.1.4.4 Rest of North America AI Text Generator Market
6.1.4.4.1 Rest of North America AI Text Generator Market by Application
6.1.4.4.2 Rest of North America AI Text Generator Market by Component
6.1.4.4.3 Rest of North America AI Text Generator Market by Industry
6.2 Europe AI Text Generator Market
6.2.1 Europe AI Text Generator Market by Application
6.2.1.1 Europe Text To Text Market by Country
6.2.1.2 Europe Speech/Voice To Text Market by Country
6.2.1.3 Europe Image/Video To Text Market by Country
6.2.2 Europe AI Text Generator Market by Component
6.2.2.1 Europe Services Market by Country
6.2.2.2 Europe Solutions Market by Country
6.2.3 Europe AI Text Generator Market by Industry
6.2.3.1 Europe E-commerce Market by Country
6.2.3.2 Europe Media & Entertainment Market by Country
6.2.3.3 Europe Social Media & Networking Market by Country
6.2.3.4 Europe Healthcare Market by Country
6.2.3.5 Europe IT & Telecommunication Market by Country
6.2.3.6 Europe Education Market by Country
6.2.3.7 Europe Others Market by Country
6.2.4 Europe AI Text Generator Market by Country
6.2.4.1 Germany AI Text Generator Market
6.2.4.1.1 Germany AI Text Generator Market by Application
6.2.4.1.2 Germany AI Text Generator Market by Component
6.2.4.1.3 Germany AI Text Generator Market by Industry
6.2.4.2 UK AI Text Generator Market
6.2.4.2.1 UK AI Text Generator Market by Application
6.2.4.2.2 UK AI Text Generator Market by Component
6.2.4.2.3 UK AI Text Generator Market by Industry
6.2.4.3 France AI Text Generator Market
6.2.4.3.1 France AI Text Generator Market by Application
6.2.4.3.2 France AI Text Generator Market by Component
6.2.4.3.3 France AI Text Generator Market by Industry
6.2.4.4 Russia AI Text Generator Market
6.2.4.4.1 Russia AI Text Generator Market by Application
6.2.4.4.2 Russia AI Text Generator Market by Component
6.2.4.4.3 Russia AI Text Generator Market by Industry
6.2.4.5 Spain AI Text Generator Market
6.2.4.5.1 Spain AI Text Generator Market by Application
6.2.4.5.2 Spain AI Text Generator Market by Component
6.2.4.5.3 Spain AI Text Generator Market by Industry
6.2.4.6 Italy AI Text Generator Market
6.2.4.6.1 Italy AI Text Generator Market by Application
6.2.4.6.2 Italy AI Text Generator Market by Component
6.2.4.6.3 Italy AI Text Generator Market by Industry
6.2.4.7 Rest of Europe AI Text Generator Market
6.2.4.7.1 Rest of Europe AI Text Generator Market by Application
6.2.4.7.2 Rest of Europe AI Text Generator Market by Component
6.2.4.7.3 Rest of Europe AI Text Generator Market by Industry
6.3 Asia Pacific AI Text Generator Market
6.3.1 Asia Pacific AI Text Generator Market by Application
6.3.1.1 Asia Pacific Text To Text Market by Country
6.3.1.2 Asia Pacific Speech/Voice To Text Market by Country
6.3.1.3 Asia Pacific Image/Video To Text Market by Country
6.3.2 Asia Pacific AI Text Generator Market by Component
6.3.2.1 Asia Pacific Services Market by Country
6.3.2.2 Asia Pacific Solutions Market by Country
6.3.3 Asia Pacific AI Text Generator Market by Industry
6.3.3.1 Asia Pacific E-commerce Market by Country
6.3.3.2 Asia Pacific Media & Entertainment Market by Country
6.3.3.3 Asia Pacific Social Media & Networking Market by Country
6.3.3.4 Asia Pacific Healthcare Market by Country
6.3.3.5 Asia Pacific IT & Telecommunication Market by Country
6.3.3.6 Asia Pacific Education Market by Country
6.3.3.7 Asia Pacific Others Market by Country
6.3.4 Asia Pacific AI Text Generator Market by Country
6.3.4.1 China AI Text Generator Market
6.3.4.1.1 China AI Text Generator Market by Application
6.3.4.1.2 China AI Text Generator Market by Component
6.3.4.1.3 China AI Text Generator Market by Industry
6.3.4.2 Japan AI Text Generator Market
6.3.4.2.1 Japan AI Text Generator Market by Application
6.3.4.2.2 Japan AI Text Generator Market by Component
6.3.4.2.3 Japan AI Text Generator Market by Industry
6.3.4.3 India AI Text Generator Market
6.3.4.3.1 India AI Text Generator Market by Application
6.3.4.3.2 India AI Text Generator Market by Component
6.3.4.3.3 India AI Text Generator Market by Industry
6.3.4.4 South Korea AI Text Generator Market
6.3.4.4.1 South Korea AI Text Generator Market by Application
6.3.4.4.2 South Korea AI Text Generator Market by Component
6.3.4.4.3 South Korea AI Text Generator Market by Industry
6.3.4.5 Singapore AI Text Generator Market
6.3.4.5.1 Singapore AI Text Generator Market by Application
6.3.4.5.2 Singapore AI Text Generator Market by Component
6.3.4.5.3 Singapore AI Text Generator Market by Industry
6.3.4.6 Malaysia AI Text Generator Market
6.3.4.6.1 Malaysia AI Text Generator Market by Application
6.3.4.6.2 Malaysia AI Text Generator Market by Component
6.3.4.6.3 Malaysia AI Text Generator Market by Industry
6.3.4.7 Rest of Asia Pacific AI Text Generator Market
6.3.4.7.1 Rest of Asia Pacific AI Text Generator Market by Application
6.3.4.7.2 Rest of Asia Pacific AI Text Generator Market by Component
6.3.4.7.3 Rest of Asia Pacific AI Text Generator Market by Industry
6.4 LAMEA AI Text Generator Market
6.4.1 LAMEA AI Text Generator Market by Application
6.4.1.1 LAMEA Text To Text Market by Country
6.4.1.2 LAMEA Speech/Voice To Text Market by Country
6.4.1.3 LAMEA Image/Video To Text Market by Country
6.4.2 LAMEA AI Text Generator Market by Component
6.4.2.1 LAMEA Services Market by Country
6.4.2.2 LAMEA Solutions Market by Country
6.4.3 LAMEA AI Text Generator Market by Industry
6.4.3.1 LAMEA E-commerce Market by Country
6.4.3.2 LAMEA Media & Entertainment Market by Country
6.4.3.3 LAMEA Social Media & Networking Market by Country
6.4.3.4 LAMEA Healthcare Market by Country
6.4.3.5 LAMEA IT & Telecommunication Market by Country
6.4.3.6 LAMEA Education Market by Country
6.4.3.7 LAMEA Others Market by Country
6.4.4 LAMEA AI Text Generator Market by Country
6.4.4.1 Brazil AI Text Generator Market
6.4.4.1.1 Brazil AI Text Generator Market by Application
6.4.4.1.2 Brazil AI Text Generator Market by Component
6.4.4.1.3 Brazil AI Text Generator Market by Industry
6.4.4.2 Argentina AI Text Generator Market
6.4.4.2.1 Argentina AI Text Generator Market by Application
6.4.4.2.2 Argentina AI Text Generator Market by Component
6.4.4.2.3 Argentina AI Text Generator Market by Industry
6.4.4.3 UAE AI Text Generator Market
6.4.4.3.1 UAE AI Text Generator Market by Application
6.4.4.3.2 UAE AI Text Generator Market by Component
6.4.4.3.3 UAE AI Text Generator Market by Industry
6.4.4.4 Saudi Arabia AI Text Generator Market
6.4.4.4.1 Saudi Arabia AI Text Generator Market by Application
6.4.4.4.2 Saudi Arabia AI Text Generator Market by Component
6.4.4.4.3 Saudi Arabia AI Text Generator Market by Industry
6.4.4.5 South Africa AI Text Generator Market
6.4.4.5.1 South Africa AI Text Generator Market by Application
6.4.4.5.2 South Africa AI Text Generator Market by Component
6.4.4.5.3 South Africa AI Text Generator Market by Industry
6.4.4.6 Nigeria AI Text Generator Market
6.4.4.6.1 Nigeria AI Text Generator Market by Application
6.4.4.6.2 Nigeria AI Text Generator Market by Component
6.4.4.6.3 Nigeria AI Text Generator Market by Industry
6.4.4.7 Rest of LAMEA AI Text Generator Market
6.4.4.7.1 Rest of LAMEA AI Text Generator Market by Application
6.4.4.7.2 Rest of LAMEA AI Text Generator Market by Component
6.4.4.7.3 Rest of LAMEA AI Text Generator Market by Industry

Chapter 7. Company Profiles
7.1 Jasper, Inc.
7.1.1 Company Overview
7.1.2 Recent strategies and developments:
7.1.2.1 Partnerships, Collaborations, and Agreements:
7.1.2.2 Acquisition and Mergers:
7.2 Pepper Content Pvt. Ltd.
7.2.1 Company Overview
7.2.2 Recent strategies and developments:
7.2.2.1 Product Launches and Product Expansions:
7.3 Writesonic, Inc.
7.3.1 Company Overview
7.3.2 Recent strategies and developments:
7.3.2.1 Product Launches and Product Expansions:
7.4 Frase, Inc. (Copysmith Artificial Intelligence, Inc.)
7.4.1 Company Overview
7.4.2 Recent strategies and developments:
7.4.2.1 Partnerships, Collaborations, and Agreements:
7.5 AI Writer Technologies FZ-LLC
7.5.1 Company Overview
7.6 CopyAI, Inc.
7.6.1 Company Overview
7.7 HyperWrite (OthersideAI, Inc.)
7.7.1 Company Overview
7.8 INK Content, Inc.
7.8.1 Company Overview
7.9 Humanity Plus Technologies Private Limited (LongShot.AI)
7.9.1 Company Overview
7.10. OpenAI, L.L.C.
7.10.1 Company Overview

Companies Mentioned

  • AI Writer Technologies FZ-LLC
  • CopyAI, Inc.
  • Frase, Inc. (Copysmith Artificial Intelligence, Inc.)
  • HyperWrite (OthersideAI, Inc.)
  • INK Content, Inc.
  • Jasper, Inc.
  • Humanity Plus Technologies Private Limited (LongShot.AI)
  • OpenAI, L.L.C.
  • Pepper Content Pvt. Ltd.
  • Writesonic, Inc.

Methodology

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