According to a recent market study published by Growth Market Reports, titled, “Global AI Writing Assistant Software Market” by types, by end-users, and by regions: Size, Share, Trends and Opportunity Analysis, 2017-2027”, the market was valued at US$ 359.8 Million in 2020 and is expected to grow at a growth rate of 14.2 % by the year 2028.

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Artificial Intelligence (AI) writing assistant software is a program that uses artificial intelligence technology to help writers in their creative writing process. Artificial Intelligence (AI) writing assistant software helps in writing engaging content, speeds up the process, checks grammar and plagiarism by assisting with nuances of the language, and helps in generating high-quality content.

AI writing assistant software exercises machine learning to assist content writers through different steps of writing, which includes research, tone checking, grammar, and localization. AI writing assistant software helps a writer in creating content automatically. This software helps to speed up and support the process of creating high-quality content.

Key factors that are anticipated to fuel the demand for the global AI writing assistant software market during the forecast period, due to the rising use of AI writing assistant in online mediums such as texts & messaging, online documentation, email, and social media for sharing personal and professional information is driving the market. Conversely, high cost associated with the AI writing assistant software is hampering the market. Technological innovations in AI writing assistant software are creating opportunities in the market.

As per Growth Market Reports industry analyst Sakshi Bhoyar, “Global AI Writing Assistant Software Market is anticipated to witness significant growth during forecast period 2021-2028. The AI writing assistant software is an opportunity to for the manufactures to develop high-end solutions. AI writing software is used in numerous applications including rectifying grammar, sentence styling & structuring, checking for plagiarism, suggesting tone, writing emails, and research. AI writing assistants are capable of creating innovative content, blog topic ideas, brand names, stories & poems, landing pages, slogans, marketing copies, lyrics, and full blog posts. However, AI writing assistant software plays a significant role in the growth of the content marketing industry.

AI writing assistant software uses machine learning techniques to speed up and support quality writing. AI writing assistant software finds repetitive words, passive voice issues, vague explanations, spelling, complicated sentence structure, too many adverbs, and other grammatical mistakes, and provides suggestions on improving writing style. The basic feature of the AI writing software is to generate content as per search engine algorithms that are unique and SEO (search engine optimization)-friendly with relevant keywords. Additionally, AI writing assistant software has generated high value for writing-tools that help users in multiple writing processes. These factors are anticipated to boost the AI writing assistant software market during the forecast period.

The AI writing assistant software market is directly linked with the artificial intelligence technology. If there is a rise in the adoption of artificial intelligence tools and technology, the demand for AI writing assistant software is automatically increased. The impact of COVID-19 facilitated the economic growth of AI technology in various sectors. The outbreak of the coronavirus pandemic promotes the development and up-gradation of existing software to fulfil consumers demand. Moreover, companies have shift to online working globally. Consumers increase their demand for email, chatbots, and/or other types of messaging application. These factors are expected to increases the revenue growth of this market during the forecast period.

Value chain management is a pivotal part of any business. A value chain involves a series of steps to get smartphone screen protectors materials, products, sizes, and distribution from their primary state to customers. These steps include development, engagement with customers, and delivering and supporting the AI writing assistant software. Entities in the value chain include value-driven consumer electronics manufacture, distributors, marketing investment, and customers.

The value chain concept disaggregates a firm into the various activities it performs. Conceptualizing from the firm-level, this concept has been applied to industries as a whole. The resulting unified AI writing assistant software value chain comprises activities such as strategy, defining scope, user documentation, marketing, implementation, training & certification, maintenance & support, subscription, licensing, and operations.

Developers, outsourcing companies, resellers, marketing companies, and software license issuers have different profit margins that vary depending on material, product, sizes, and prices, offered by the company.

Key Takeaways from the Study

  • The players including Grammarly Inc, Ginger Software, Textio, AI Writer, Frase, Inc, Jasper.ai, Anyword (Keywee Inc.), ProWritingAid (Orpheus Technology), Semrush, Pepper Content Pvt. Ltd, and others.
  • The cloud-based segment is expected to hold a substantial market share during the forecast, attributed to the due to changing consumer preferences toward the adoption of cloud-based solutions. Growing demand for cloud-based AI writing assistant software is attributed to the ease of use and functionalities in online usage.
  • The commercial segment is projected to grow during the forecast period, due to the growth in the commercial segment is attributed to the rising adoption of AI writing assistant software by small, medium, and large-sized enterprises in their day-to-day tasks. AI writing helps quality content in various tasks such as email writing, blog writing, and other content publishing.
  • In terms of regions, the global AI writing assistant software markets are splits into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. The market in Europe is projected to grow during the forecast period, attributed to the favorable policies imposed by the governments for AI technology. Moreover, increasing investments by governments in Europe to support AI start-ups is expected to fuel the market during the forecast period.

Report Scope

 

Report Metric

Details

Market Value in 2020

US$ 359.8 Million

Market Growth Rate (from 2020 to 2028)

14.2%

Historical Data

2018 & 2019

Base Year

2020

Forecast Period

2021 - 2028

Units Considered

Value (US$ Million)

Market Segments

By Type, By End-Use and By Region

Key Companies Profiled

Grammarly Inc, Ginger Software, Textio, AI Writer, Frase, Inc, Jasper.ai, Anyword (Keywee Inc.), ProWritingAid (Orpheus Technology), Semrush, Pepper Content Pvt. Ltd, and others.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

 

Target Audience

  • Supply-side: Software Providers and Developers
  • Demand Side: Consulting Companies and End-Consumers
  • Regulatory Side: Concerned government authorities, and other regulatory bodies.
  • Associations and Industry Bodies: SME (Society of Manufacturing Engineers) and others.