AI Text Generator Market Statistics: 2032
The global AI text generator market size was valued at $423.8 million in 2022, and is projected to reach $2.2 billion by 2032, growing at a CAGR of 18.2% from 2023 to 2032.
Growing trend of Natural Language Processing (NLP) technology and rising demand for cost-effective and quality content generator tools propel the growth of the global AI text generator market. In addition, increasing demand for personal assistants and chatbots fuels the growth of the Artificial Intelligence text generator market. However, ethical and legal concerns and data privacy and security issues are expected to impede the AI text generator market growth. Furthermore, data privacy and security issues are expected to provide lucrative opportunities for the market during the forecast period.
AI text generator is an artificial intelligence application tool with the ability to create text paragraphs and written content. These tools assist in the generation of a variety of content ranging from formal text content to be included in emails to casual content to be posted on social media and blogs. The integration of AI technology in AI text generator facilitates the examination and analysis of existing content across a broad range of sources including blogs, posts, search engines, webpages, and unstructured data such as videos to create text conversions in text-to-text and speech-to-text formats.
The AI text generator market is segmented on the basis of offering, deployment mode, application, industry vertical, and region. On the basis of offering, the market is categorized into solutions and services. On the basis of deployment mode, the market is fragmented into on-premise and cloud. On the basis of application, the market is divided into text-to-text, speech/voice-to-text, and image/video-to-text. By end-user, it is classified into media & entertainment, healthcare, education, telecommunication, social media & networking, E-commerce, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
In terms of the offering, the solution segment holds the highest AI text generator market size as it provides personalized services, accelerates throughput, and reduces operational costs. However, the service segment is expected to grow at the highest rate during the forecast period. These services reduce managing concerns efficiently with personalized assistance and optimized performance development.
Region-wise, the AI text generator market share was dominated by North America in 2022 and is expected to retain its position during the forecast period, owing to the rise in adoption of digitization as well as the other latest technologies, political, and corporate sectors. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to the rise in the trend of online voting pilot projects and demand for fair & safe counting.
Major players operating in the AI text generator market include OpenAI AI Writer, CopyAI, Inc., Writesonic, Inc., Pepper Content Inc., Frase, Inc., HyperWrite (Otherside AI), Hypotenuse AI, INK Inc., and Jasper AI, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the AI text generator industry.
Digital Capabilities
The text and content developed by AI text generators are inspired by pre-existing content. At present, artificial intelligence-powered text generators are incapable of producing original, unique content that expresses complex emotions and sentiments. Despite the improvement in the quality and performance of AI text generators to resemble human writing, they cannot replicate the creativity and distinctive writing style offered by a respective individual. This could limit the expansion of AI text generators to marketing agencies and creators that primarily use emotional appeal to persuade their customers.
The efficiency of the integrated version of the natural language processing model with deep learning algorithms used in AI text generators is resulting in the extensive application of AI text generators across media and entertainment, education, media electronics, marketing, and other enterprise-related sectors. The deployment of AI text generators is lowering the amount of time and resources consumed by the company for content creation procedures, which is stimulating the market's development. Hence, it can be anticipated that the AI text generator market will expand over the course of the forecast period considering the various factors promoting its growth.
End-user-Adoption:
The global AI text generator market is expected to register high growth due to the rise of social media platforms and content generation is expected to drive the AI text generator industry growth. Thus, the increase in AI text generator adoption, owing to its demand for SEO tools in the marketing field, is one of the most significant factors driving the market's growth. With the surge in demand for AI text generators, various companies have established alliances to increase their capabilities. For instance, in April 2023, Totango, Inc partnered with Jasper.ai to apply generative AI to customer success.
In addition, with further growth in investment across the world and the rise in demand for AI text generators, various companies have expanded their current product portfolio with increased diversification among customers. For instance, in In February 2023, Wix Ltd. Company introduced a new AI-based text generator feature to its Wix Editor platform that can generate customized taglines, titles, and paragraph texts to offer an enhanced content creation experience to its users by integrating OpenAI's GPT-3 technology. For instance, In December 2022, Canva Company launched new functions to its Canva Doc platform including a Magic Write feature that assists in copyrighting processes and generates text content by using AI technology. For instance, In November 2022, OpenAI, a leading AI technology company launched the third version of its Davinci Engine Model named text-DaVinci-003 to its GPT-3 product range to enhance its complex and long-form content creation feature and improve its ability to handle intricate instructions.
Moreover, with the increase in competition, major market players have started acquisition companies to expand their market penetration and reach. For instance, in March 2023, Stability AI acquired Init ML to weave its technology into Clipdrop’s platform and bolster its generative AI market ambitions. Clipdrop uses machine learning and AI to provide advanced image manipulation tools on Windows and Mac computers, iOS and Android mobile apps, and as an Adobe Photoshop plug-in. Users can clean up a photo by removing extraneous objects and text or just isolate and export the subject of the image.
Top Impacting Factors
Growing Trend of Natural Language Processing (NLP) Technology
The rising trend of NLP in text generators to improve optimization is directly influencing the growth of the global AI text generator market. The development of NLP technology has improved the capacity of machines to comprehend and process human language. This advancement allows AI text generators to interpret and analyze textual data more accurately, resulting in better quality and contextually relevant generated content. Consequently, AI text generator solutions are gaining significant adoption to increase the use of advanced technologies among text generator operators, particularly NLP and other digital technologies. Increased use of NLP and digital solutions helps text generator operators improve contextual understanding and sentiment analysis and empowers technical staff to efficiently perform maintenance. These aforementioned factors are likely to contribute to the increased deployment of the AI text generator market, globally.
Furthermore, the integration of NLP solutions in text generation allows for the identification and extraction of entities from text, such as names, organizations, or locations. In addition, AI text generators leverage this capability to generate content that includes relevant and accurate references to entities, enhancing the quality and specificity of the generated text. Hence, these multiple benefits offered by NLP use in text generation operations and services will boost the demand for the AI text generator market. Moreover, regional governments and public & private businesses are continuously involved in promoting digitalization in text generation. For instance, in April 2023, Ericsson partnered with the government of Canada and raised $353.67 million (CAD 470 million) in funding to strengthen the sites as global leaders in 5G Advanced, 6G, AI, Cloud RAN, and Core Network technologies. Such investment pooling in the digitalization of text generation will fuel the demand for market growth, which in turn, augment the market growth on a global scale.
Rising Demand for Cost-effective and Quality Content Generator Tools
The increasing demand for cost-effective and quality content generator tools is impacting the market growth. One of the main factors influencing the adoption of the AI text generator market is its affordability. These technologies provide a more economical alternative to conventional content development techniques, by eliminating the requirement for substantial personnel and related expenses. Businesses can significantly reduce costs while preserving quality by automating the process of content development. Several regional governments are making strategic investments in expanding text generation operations, owing to a large number of countries committing to reduce stress added to text generator techniques by higher costs. Further, public and private businesses are undertaking increased initiatives to embrace advanced technology, with plans for integrating a new text generator technique to modernize the aging system. For instance, in January 2023, Microsoft Corporation raised $10 billion in funding for OpenAI to renew the partnership, accelerate AI advancements, and support both businesses' future deployment of innovative technology. This investment strategy enhances supercomputing at scale and creates new AI-powered experiences. Therefore, the AI text generator market gained wider traction among end-users, using such advanced technologies to create effective content.
Moreover, AI text generators enable organizations to produce content at scale along with greater efficiency. These tools generate a large volume of content quickly, streamlining the content creation workflow and increasing productivity. This scalability and efficiency meet the growing demands of digital platforms and content-driven marketing strategies. It significantly reduces the time required for content creation. Businesses can generate content quickly and meet tight deadlines, which allows it to keep up with the fast-paced nature of content marketing and customer engagement. Such factors will eventually contribute to the growth of the global AI text generator market.
Key Benefits for Stakeholders
The study provides an in-depth analysis of the global AI text generator market forecast along with current & future trends to explain the imminent investment pockets.
Information about key drivers, restraints, & opportunities and their impact analysis on global AI text generator market trends is provided in the report.
The Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The AI text generator market analysis from 2023 to 2032 is provided to determine the market potential.
AI Text Generator Market Report Highlights
| Aspects | Details |
 Market Size By 2032 | USD 2.2 billion |
 Growth Rate | CAGR of 18.2% |
 Forecast period | 2022 - 2032 |
 Report Pages | 339 |
 By Offering |
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 By Deployment Mode |
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 By Application |
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 By End User |
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 By Region |
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 Key Market Players | Jasper AI, Inc., Frase, Inc., HyperWrite (Otherside AI), AI Writer, OpenAI, INK Inc., Hypotenuse AI, Writesonic, Inc., Pepper Content Inc., CopyAI, Inc. |
Analyst Review
AI text generator refers to a computer program or system that utilizes AI techniques to generate human-like text or written content. These systems are trained on large datasets and can generate coherent paragraphs, articles, or even complete stories based on the provided input or prompts. It automates the process of generating text, eliminating the need for manual writing or extensive research. This may bring improved efficiency that can be significant in scenarios when large volumes of content are required, such as content marketing, news generation, or customer support.
Key providers in the AI text generator market are Jasper, Inc, Hyperwrite, and AI Writer. With the robust growth in demand for AI text generator solutions, numerous companies have established acquisition strategies to increase their solutions offerings in AI solutions. For instance, in December 2022, Jasper acquired Outwrite, to bring Outwrite’s functionality into the Jasper Chrome extension. Such strategies is expected to drive the market growth.
In addition, with the surge in demand for AI text generators, several companies have expanded their current product portfolio to continue with the rising demand in the market. For instance, in February 2021, Pepper Content Pvt. Ltd. launched an AI-enabled text generator, an assistive tool, which is based on GPT3, a language algorithm that produces quick ideas. This content generator often includes blog ideas, tweets, social media captions, marketing ideas, and product descriptions.
Similarly, in February 2023, Bain & Company partnered with OpenAI, which allows Bain to assist its customers globally in terms of recognizing and implementing the benefits of AI to maximize business potential. Further, the partnership also enables strong digital implementation capabilities and strategic knowledge with OpenAI’s tools and platforms, including ChatGPT. Hence, such strategic partnerships and product launches are expected to drive the market growth all over the world.
The AI text generator market is estimated to grow at a CAGR of 18.2% from 2023 to 2032.
The AI text generator market is projected to reach $2,198.46 million by 2032.
Growing trend of Natural Language Processing (NLP) technology and rising demand for cost effective and quality content generator tools propels growth of the global AI text generator market. In addition, increasing demand for personal assistants and chatbots fuel growth of the market.
The key players profiled in the report include OpenAI AI Writer, CopyAI, Inc., Writesonic, Inc., Pepper Content Inc., Frase, Inc., HyperWrite (Otherside AI), Hypotenuse AI, INK Inc., and Jasper AI, Inc.
The key growth strategies of AI text generator market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.
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