Global AI Writing Assistant Software Market is Expected to Reach $1035 Million by 2030 Growing at a Huge CAGR of 15%
PUNE, India, August 2, 2022 /PRNewswire/ — According to recent market research published by Growth Market Reports, titled “Global AI Writing Assistant Software Market by Types (On-Prem and Cloud), End-Users (Individual, Commercial and Other) and Regions: Size, Share, Trends and Opportunities Analysis, 2019-2030“, the market was valued at $372 million in 2021 and is expected to grow at a healthy growth rate of around 15% by 2030. The global AI writing assistant software market is expected to grow at a rapid rate, driven by high usage in various applications such as education and training institutions, government sectors and publishers.
Key Market Players Profiled in the Report
The report covers comprehensive data on emerging trends, market drivers, growth opportunities and restraints that may change the market dynamics of the industry. It provides in-depth analysis of market segments including types, end users, and competitor analysis.
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This report also includes a comprehensive analysis of industry players that covers their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that help them grow their market share.
Highlights of AI Writing Assistant Software Market Segments
In terms of types, the global AI writing assistant software market is segmented into on-premises and cloud-based. The cloud-based type segment is expected to grow at a sustainable CAGR during the forecast period. Cloud-based AI assistant software maintains consistency across the team’s network to keep messages professional and error-free. The cloud-based writing assistant software helps reduce users’ investment costs as it charges users based on their usage. These factors are believed to be driving the cloud-based segment.
Based on end users, The global AI writing assistance software market is segmented into individual, commercial and others. The business segment is expected to grow at a significant rate during the forecast period, owing to the increasing use of AI writing assistance software by small, medium and large enterprises for market research and marketing. 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. The market in North America is expected to grow at a significant CAGR over the forecast period, owing to the presence of key market players and increasing research and development activities in the region. The market in Europe is expected to hold a substantial share of the global AI writing assistance software market, owing to increasing strategic investment in AI technology by Europebased companies.
The market in Europe is growing due to growing consumer demand for AI writing assistant software and favorable government regulations implemented to promote AI technology. These tools and technologies are mostly adopted by content writing industries to do their job in short time and with precision.
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Main lessons of the study:
The AI writing support software market in North America is expanding and dominating compared to other regional markets, owing to increasing R&D activities and increasing production of new products in the region.
The AI writing support software market in Europe is expected to grow at a substantial rate during the forecast period. Increase in promotional activities for the use of writing assistant software in several applications in this region is expected to promote the market in the coming years.
The cloud-based segment is expected to grow at a significant rate. Cloud-based AI assistant software keeps messages professional and error-free by providing consistency across the team’s network. The cloud-based AI writing assistant software regularly maintains data backup and continuously improves services.
The commercial end-user segment is expected to grow at a sustainable CAGR during the forecast period. The growth of the segment is attributed to the increasing adoption of AI writing assistance software by large, medium and small businesses. The increasing use of the software by these companies is for market research and business promotion.
Read the 210-page research report with detailed TOC on “Global AI Writing Assistant Software Market by Types (on-premises and cloud), end users (individual, commercial and other)and Regions (North America, Latin America, Europe, Asia Pacificand Middle East & Africa) – Global Industry Analysis, Growth, Share, Size, Trends and Forecasts 2022-2030“
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Key Segments Covered
By end users
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