Global AI Writing Assistant Software Market Size By Type (On-Premise and Cloud based), By End Users (Individual, Commercial), By Geographic Scope And Forecast
Global AI Writing Assistant Software Market Size By Type (On-Premise and Cloud based), By End Users (Individual, Commercial), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
AI Writing Assistant Software Market Size And Forecast
AI Writing Assistant Software Market size was valued at USD 421.41 Million in 2024 and is projected to reach USD 2420.32 Million by 2031, growing at a CAGR of 26.94% from 2024 to 2031.
The factors that drive the growth of the AI Writing Assistant Software market are ease of use, time-saving, and less human effort. The Global AI Writing Assistant Software Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Global AI Writing Assistant Software Market Definition
AI is changing everything about how we use technology, right? And one of the coolest things is how it helps us write! Think of an AI Writing Assistant as your super-smart writing buddy. It's basically a program that uses AI to write stuff for you and even share it on social media, all by itself. Pretty neat, huh? These assistants are designed to make writing easier, and you can find them in all sorts of places – like in your email, your favorite chatbots, or even messaging apps like Slack. Some are like super-powered grammar checkers, fixing your typos and suggesting better ways to say things. Others learn as you write and even give you ideas along the way!
AI writing Assistance Software makes use of artificial intelligence to help in writing. AI writing assistants are available with a wide range of features and are commonly used in research, grammar, tone checking, and localization. Some are bots that make advice or correct grammar in the submitted article, while others are writing platforms where users may compose the full piece. Natural language processing (NLP) is used by the programme to analyse the text and deliver real-time suggestions.
Global AI Writing Assistant Software Market Overview
The nuances in the overall ai writing assistant software market have driven it to a wide extent. Also, increasing divisional tools in ai writing and accelerating ai maximalists and ai curators have driven the market. However, corresponding issues with ai writing assistant software have created significant restraints in the overall market. Moreover, Focused advancements in precise areas have shown new lines of opportunities to the ai writing assistant software market. Additionally, the growing use of ai writing tools has shown pathways in the augmentation of ai/human integration has shown opportunities in the market.
Avoid the problem of writer’s blockWriter’s block is one of the most common problems that all writers have to deal with. It can be extremely frustrating and can destroy productivity and slow down the entire work. If someone suffers from writer’s block, then it might be a good idea to use the AI writing tool. These tools are really good for writing. And they can help one overcome their writer’s block issues. So they don’t have to worry about writer’s block anymore.
Just enter the details of what exactly one needs to write about and the tone of voice and the AI Writer will take care of the rest.
Get Quality Content FasterIf one is a busy blogger, then one would probably be looking for ways to save time. AI writing assistant tools can help one create quality content very quickly and make the writing process easier to save time. It used to take writers more than 5-6 days to complete a 4000+ word blog post, but now it can be created in just 3-4 hours using.
Global AI Writing Assistant Software MarketSegmentation Analysis
AI Writing Assistant Software Market is segmented based on Type, End Users, and Geography.
AI Writing Assistant Software Market, By Type
• On-premise• Cloud-based
Cloud accounted for the largest market share of 78.79% in 2022, with a market value of USD 780.99 Million and is projected to grow at the highest CAGR of 29.08% during the forecast period. On-premise was the second-largest market in 2022, valued at USD 210.27 Million in 2022; it is projected to grow at a CAGR of 14.97%.
AI Writing Assistant Software Market, By End User
• Individual• Commercial• Others
Based on end-users, the market is segmented into individual, commercial, and others. The commercial segment is expected to grow at a significant pace during the forecast period, owing to the increasing use of AI writing assistant software by small, medium-sized, and large businesses for market research and business promotion.
AI Writing Assistant Software Market, By Geography
• North America• Europe• Asia Pacific• Rest of the world
North America accounted for the largest market share of 34.30% in 2022, with a market value of USD 333.99 Million and is projected to grow at a CAGR of 27.11% during the forecast period. Europe was the second-largest market in 2022, valued at USD 296.76 Million in 2022; it is projected to grow at the highest CAGR of 26.18%.
Key Players
The Global AI Writing Assistant Software Market is highly fragmented with the presence of a major number of players in the market. Some of the major companies include Grammarly Inc., Ginger Software, AI Writer, Frase Inc, Jasper AI INC., Keywee Inc. (Anyword), ProWritingAid (Orpheus Technology), Smodin LLC, Semrush, WordAi, Rytr, QuillBot (Course Hero), LLC., and InstaText.
Key Developments
• In October 2022, Grammarly, a leader in AI-powered communication assistance, introduced the industry’s first technology that identifies and rewrites sentences to achieve a desired tone—all with the click of a button.
• In November 2021, Grammarly, the popular writing auto-editing tool, raised USD 200 million in funding at a USD 13 billion valuation from new investors including Baillie Gifford and BlackRock funds and accounts, among others. The investment will be used to accelerate product innovation and team growth.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2021-2031
BASE YEAR
2024
FORECAST PERIOD
2024-2031
HISTORICAL PERIOD
2021-2023
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
Grammarly Inc., Ginger Software, AI Writer, Frase Inc, Jasper AI INC., Keywee Inc. (Anyword), ProWritingAid (Orpheus Technology), Smodin LLC, Semrush, & Others
SEGMENTS COVERED
By Type, By End Users, and By Geography.
CUSTOMIZATION SCOPE
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
Research Methodology of Market Research
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Reasons to Purchase this Report
We dig deep into the market using both qualitative and quantitative analysis, breaking it down by different segments based on economic and non-economic stuff. You'll get the market value in USD Billion for each and every segment and sub-segment. We'll pinpoint the region and segment that's likely to be the fastest grower and the one calling the shots. Plus, we'll break down the industry's consumption by region, pointing out the factors influencing each one. See where everyone stands with a competitive landscape view, complete with market rankings of the big players, new launches, partnerships, expansions, and acquisitions from the last five years for the companies we've profiled. Speaking of profiles, you'll get extensive ones including company overviews, insights, industry benchmarking, and SWOT analysis of the major players. We'll also give you the current and future market outlook, considering recent happenings – think growth opportunities, drivers, and challenges in both emerging and developed areas. Expect an in-depth look at the market through Porter's five forces analysis, a value chain breakdown for added perspective, and market dynamics scenarios outlining growth opportunities in the future. Oh, and don't forget the 6-month post-sales analyst support – we've got your back!
Customization of the Report
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