Pune, India, Aug 2, 2022 /PRNewswire/ — According to a recent market survey published by Growth Market Reports entitled: “Global AI Writing Assistant Software Market: by type (on-premises and cloud), end-users (individual, commercial and others) and regions: analysis of size, share, trends and opportunities, 2019-2030“, the market was valued at USD 372 million in 2021 and is expected to grow at a healthy rate of about 15% by the year 2030. The global AI writing assistant software market is expected to grow at a rapid pace, due to its high usage in various applications such as education and training institutions, government sectors and publishers.
Key market players profiled in the report
The report includes comprehensive data on emerging trends, market drivers, growth opportunities and restraints that could alter the industry market dynamics. It provides in-depth analysis of the market segments, including types, end-users, and competitive analysis.
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This report also includes a full analysis of industry players covering their latest developments, product portfolio, pricing, mergers, acquisitions and collaborations. Moreover, it provides crucial strategies that help them increase their market share.
Highlights of the AI Writing Assistant Software Market Segments:
In terms of species, the global AI writing assistant software market is segmented into on-premise and cloud-based. The cloud-based typing segment is expected to grow at a sustained CAGR during the forecast period. The cloud-based AI assistant software ensures uniformity in the team network to keep messages professional and error-free. The cloud-based AI writing assistant software helps to reduce the capital costs of users as it charges users based on their usage. These factors are estimated to be the driving force behind the cloud-based segment.
Based on end users, the global AI writing assistant software market is segmented into individual, commercial, and other. The commercial segment is expected to grow at a significant pace over the forecast period, due to the increasing use of AI writing assistant software by small, medium and large companies for market research and business promotion.
Based on regions, the market is segmented into five major regions, namely North America, Europe, Asia-Pacific, Latin Americaand the Middle East & Africa. into the market North America is expected to grow at a significant CAGR over the forecast period, due to the presence of key market players and increasing research and development activities in the region. into the market Europe is expected to hold a significant portion of the global AI writing assistant software market, thanks to growing strategic investment in AI technology by Europe-based companies.
into the market Europe is growing due to rising consumer demand for AI writing assistant software and favorable government regulations implemented to promote AI technology. These tools and technologies are mostly used by content writing companies to get their work done in a short time and accurately.
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Key points from the study:
The market for AI writing assistant software in North America is growing and dominating compared to other regional markets, thanks to increasing R&D activities and rising new production in the region.
The market for AI writing assistant software in Europe is expected to grow at a significant pace over the forecast period. In the coming years, increasing promotional activities for using writing assistant software in various applications in this region are expected to promote the market.
The cloud-based segment is expected to grow at a significant pace. The cloud-based AI assistant software keeps messages professional and error-free by ensuring consistency across the team network. The cloud-based AI writing assistant software routinely maintains data backups and continuously improves services.
The commercial end-user segment is expected to grow at a sustained CAGR during the forecast period. The growth of the segment is attributed to the increasing adoption of AI writing assistant software by large, medium and small enterprises. The increasing use of the software by these companies is for market research and business promotion.
Read the 210-page research report with detailed table of contents on “Global AI Writing Assistant Software Market” Types (on-premise and cloud-based), end users (individual, commercial and others)and regions (North America, Latin America, Europe, Asia-Pacificand Middle East & Africa) – Global Industry Analysis, Growth, Share, Size, Trends and Forecast 2022 – 2030“
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Key segments covered
By end users
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