Enjoy complimentary customisation on priority with our Enterprise License!
The artificial intelligence (AI) text generator market is estimated to increase by USD 908.2 million, growing at a CAGR of 21.22% between 2023 and 2028. The market is experiencing robust growth due to the escalating demand in sectors such as e-learning and blogging. The increasing preference for digital education and the need for efficient content creation tools among bloggers are primary factors fueling this market expansion. Furthermore, the expanding internet user base amplifies the market's potential, creating a favorable environment for innovation and growth in the AI text generator industry.
To learn more about this report, View Report Sample
The market share growth by the solution segment will be significant during the forecast period. These solutions have become popular in recent years due to the growing demand for more efficient and cost-effective ways to generate written content.
Get a glance at the market contribution of various segments View the PDF Sample
The solution segment was valued at USD 184.50 million in 2018 and continued to grow until 2022. They use machine learning algorithms to analyze and learn from large datasets of text written by humans. The algorithm is trained to predict the most likely word or sequence of words in a given piece of text based on the patterns and relationships it learns from the training data. They can produce content at a much faster rate than humans, making them a valuable tool for businesses that need to produce large amounts of content quickly. They produce high-quality content that is grammatically correct, well-written, and engaging. Thus, due to the high demand for high-quality content, the market is expected to grow during the forecast period.
For more insights on the market share of various regions Download PDF Sample now!
North America is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. They are increasingly being used by businesses, individuals, and organizations in North America for a wide range of applications, such as content creation, customer service, virtual assistants, and chatbots. There is a growing need for high-quality, engaging content. They meet this demand efficiently and cost-effectively. North America has some of the world's largest tech companies, which are investing significantly in AI and machine learning. Such investments are driving innovation in the market, leading to the development of advanced tools and applications. Thus, the market in North America is expected to grow during the forecast period.
Artificial Intelligence (AI) text generators have gained significant attention in various industries due to technological advancements on the internet. These systems use algorithms to create content in multiple languages for global audiences, catering to downstream applications in education, manufacturing, and the e-commerce industry. Machine Learning (ML) is a crucial component of AI text generators, enabling personalized content creation for computer systems. The market for AI text generators is expected to grow substantially, driven by the increasing demand for efficient content creation and the ability to generate content in multiple languages. The education industry is a major consumer of AI text generators, using them for creating personalized learning materials. Similarly, the manufacturing industry leverages AI text generators for creating product descriptions and user manuals. However, the use of AI text generators also raises concerns regarding responsible AI practices. There is a risk of biased content, misinformation, and misuse. Copywriters and SEO agencies are increasingly using AI text generators, leading to a potential impact on employment. Transcription is another area where AI text generators are being used, but accuracy and quality remain challenges. Overall, the future of AI text generators lies in their ability to provide high-quality, personalized content while adhering to ethical and responsible practices.
The escalating adoption of AI text generators for e-learning emerges as a key driver propelling market expansion. These generators cater to e-learning platforms by swiftly producing top-tier educational content. They also facilitate personalized learning experiences for students by tailoring content to their individual needs, enhancing engagement and motivation, ultimately leading to improved learning outcomes. Moreover, they ensure content accessibility for learners with disabilities, fostering inclusivity.
Moreover, by generating content in multiple languages, they broaden global e-learning accessibility. These solutions streamline content creation processes, thus reducing e-learning costs and enhancing affordability and accessibility for a wider learner base. Consequently, they play a pivotal role in enhancing the quality, accessibility, and affordability of e-learning, driving the growth of the global market during the forecast period.
A pivotal trend in the Market is the rising significance of speech-to-text (STT) technology. STT converts spoken language into text, enhancing the accuracy and naturalness of language models for generating precise and high-quality text. By capturing both audio and textual data concurrently, STT facilitates understanding the correlation between spoken and written language.
Moreover, it enables the capture of personalized data like accents or speech patterns, thereby personalizing text generators. Integration of STT into applications such as voice-activated chatbots or virtual assistants enhances accessibility for individuals with disabilities. This technology fosters the development of more accurate, natural, and personalized language models, driving growth in the global market during the forecast period.
Data privacy and security concerns may challenge market growth. The global market is highly dependent on computer-based networks and the Internet. Therefore, it is prone to security-related issues. Any security breach can leak the personal data of users. Service providers use cookies to personalize and target advertisements and collect personal data to learn about customer behavior and create customer profiles by using tools such as data mining. However, indiscriminate use of this data may compromise customers' privacy.
Collected data is processed and stored by providers that may be misused. They require large amounts of data to work effectively. The data used to program these models can come from various sources, including social media, e-mails, and other online platforms. Any security breach might lead to the loss of such data. Thus, privacy and security concerns will limit the growth of the global market during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Anyword - The company offers AI text generators such as the Anyword Data-Driven Editor. It also provides an AI copywriting platform based on artificial intelligence models capable of analyzing text and understanding its intent and ideal audience.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
You may also interested in below market reports:
TheMarket is revolutionizing content creation across diverse industries including media and entertainment, e-commerce, IT and software, travel, and legal sectors. Powered by Natural Language Generation (NLG) and Natural Language Processing (NLP) technologies, AI text generators transform data inputs from computer systems, tablets, and laptops into coherent articles, titles, and paragraph content. These systems enable the automation of personalized taglines and optimize text-to-text segments for enhanced engagement in social media and networking platforms. Developers in the IT and telecommunication industry leverage AI text generators to streamline content creation processes, catering to the dynamic needs of modern media and entertainment consumers. The market landscape depends on the media and entertainment industry, e-commerce industry, computer system, text to text segment, IT and software industry, travel industry, and legal industry. As the market evolves, AI text generators continue to drive innovation, offering scalable solutions for diverse applications in content generation and communication.
Artificial Intelligence (AI) text generators have revolutionized digital content creation, enabling the production of personalized and engaging content for various industries and global audiences. The internet has been the primary catalyst for this technological advancement, allowing AI algorithms to access vast amounts of data and learn from multiple languages and downstream applications. The education industry, manufacturing sector, e-commerce industry, and even the travel and legal industries are leveraging AI text generators for content creation. Machine Learning (ML) and Deep Neural Networks are the driving forces behind these AI-powered tools, delivering speed and quality that surpasses human capabilities. However, the use of AI text generators also raises concerns regarding responsible AI practices. Biased content, misinformation, and misuse are potential risks that need to be addressed. Copywriters and SEO agencies are increasingly relying on these tools, but they must ensure that the content output is free from biased language and adheres to ethical standards. APIs are essential for integrating AI text generators into computer systems, enabling seamless content creation for various applications. The government is also exploring the use of AI text generators for data journalism and engagement campaigns, emphasizing the importance of user experience and performance risk. In conclusion, AI text generators are transforming digital content services across various industries. While they offer numerous benefits, it is crucial to prioritize responsible AI practices and ensure that the content produced is of high quality and free from biased language and misinformation.
Market Scope |
|
Report Coverage |
Details |
Page number |
152 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 21.22% |
Market growth 2024-2028 |
USD 908.2 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
18.16 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 33% |
Key countries |
US, UK, China, India, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AI Writer Technologies FZ LLC, Anyword, Canva Pty Ltd., CopyAI Inc., Copysmith, Course Hero Inc., Frase Inc., Hypotenuse Technologies Pte. Ltd., INK Content Inc., Jasper AI Inc., LONGSHOT AI INC., OpenAI L.L.C., Orpheus Technology Ltd., OthersideAI Inc., Pepper Content Inc., Sassbook AI Pte. Ltd., Scalenut Technologies Pvt. Ltd., Unbounce Marketing Solutions Inc., Writesonic Inc., and Xrosriver Inc. |
Market dynamics |
Parent market analysis, Market forecasting , market forecast , Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Component
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.