Artificial Intelligence (AI) Text Generator Market - Forecasts from 2024 to 2029

Artificial Intelligence (AI) Text Generator Market - Forecasts from 2024 to 2029

The Artificial Intelligence (AI) text generator market is expected to grow at a CAGR of 16.54%, reaching a market size of US$1,409.706 million in 2029 from US$655.725 million in 2024.

AI text generator is an artificial intelligence application tool that can create text paragraphs and written content. These tools assist in generating various content, from formal text content to be included in emails to casual content to be posted on social media and blogs.

Text generators incorporating artificial intelligence (AI) technology make reviewing and evaluating content from numerous online sources, including blogs, posts, webpages, search engines, and unstructured data like videos easier. This allows for the creation of text conversions in both text-to-text and speech-to-text formats. The combination of deep learning algorithms and natural language processing models utilized in AI text generators has proven effective. Hence, this model is being widely applied in media and entertainment, education, media electronics, marketing, and other enterprise-related fields.

The deployment of AI text generators is lowering the amount of time and resources a company spends on content creation procedures, which is stimulating the market's development. Hence, considering the various factors promoting its growth, the AI text generator market can be anticipated to expand over the forecast period.

Artificial Intelligence (AI) text generator Market Drivers:

Increasing demand in content creation is anticipated to boost the market growth

AI text generators are increasingly gaining popularity by offering a remarkable way to make greatly engaging content. The rising demand for such software has also made the authors develop more user-friendly alternatives, enabling them to be used in texts about almost any topic. As they allow computers to learn from previous information and generate texts in human language, NLG (Natural Language Generation) and ML (Machine Learning) are two examples of tools for creating textual content using AI.

ML approaches enable decision-making, performance improvement, and outcome forecasting. To teach itself through machine learning, an electronic device requires information and the ability to interpret this information. After being exposed to enough data, the machine learns to do the job unsupervised.

Artificial Intelligence (AI) text generator Market Geographical Outlook
North America is witnessing exponential growth during the forecast period

The strong regional AI technology market and its rapid software advancements are stimulating the application of AI text generators. These generators create reports based on data, prepare annual accounts, generate product and location descriptions, and produce marketing content to target different market segments in multiple languages across North America.

The emergence of new AI text generator startups like Jasper, Quillbot, Hypotenuse AI, and Copysmith, along with the production of AI text-generating software by well-known IT companies like Google, IBM, and Microsoft, are creating opportunities for the AI text generator market in North America. For example, Jasper AI has supplied top US firms like IBM, Hubspot, Airbnb, and HarperCollins with its AI text-generating software. As a result, North America's share in the global AI text generator market during the forecast period is anticipated to increase.

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Report Coverage:

Historical data & forecasts from 2022 to 2029
Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
Competitive Positioning, Strategies, and Market Share Analysis
Revenue Growth and Forecast Assessment of segments and regions including countries
Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The Artificial Intelligence (AI) text generator market is segmented and analyzed as follows:

By Type

Text to Text
Speech to Text

By Application

Education
Smart Electronics
Media and Entertainment
Enterprises
Others

By Geography

North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
United Kingdom
Germany
France
Italy
Spain
Others
Middle East and Africa
Saudi Arabia
UAE
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Singapore
Indonesia
Others