AI Text Generator Market Size To Reach $1.4 Billion By 2030

October 2023 | Report Format: Electronic (PDF)

AI Text Generator Market Growth & Trends

The global AI text generator market size is expected to reach USD 1.4 billion by 2030, registering a CAGR of 17.3% from 2023 to 2030, according to a new report by Grand View Research, Inc. AI text generator is a versatile tool that is used in a wide range of industries by large media houses for various purposes such as creating content for a blog, creating web page content, writing an article on a specific topic and more. The time and money-saving feature of this tool is augmenting the market growth as AI text generators create texts within seconds. For instance, TextCortex generator is one of the software used for creating blog posts within seconds just by entering a few keywords.

The extraordinary advancement of artificial intelligence and machines based on AI text generators has energized people and businesses to achieve the absurd. It is no longer a far-off vision; artificial intelligence is now a vital part of daily lives, assisting us in countless situations, sometimes without even realizing it.AI text generators generate texts from structured big data,they can recognize both patterns and trends based on what has been written so far by humans and suggest new ideas to create more and sometimes even better texts. To do so, the AI collects countless information from existing content, such as websites, search engines, or even videos on the internet.

AI text generators are a fairly new advancement in technology that offers bloggers, content managers, and even journalists an entirely new way to create content. AI content tools are even being described as a revolutionary advancement for content creation and SEO. AI text generators are genuinely viable options for content creators which is augmenting the market growth. For instance, Article Forge automatically generates an entire article with just keywords. This tool can even be used to automate a large part of the content production process for websites.

AI text generators are becoming more versatile, offering support for multiple languages to reach global audiences effectively. They're also becoming increasingly personalized, tailoring content to individual users' preferences for better engagement and more effective marketing. In addition, ethical considerations are leading to the development of more responsible AI models, addressing bias, misinformation, and ensuring transparency and control in text generation.

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AI Text Generator Market Report Highlights

  • Based on application, the speech-to-text segment emerged as the fastest-growing segment over the forecast period 

  • Based on component, the services emerged as the largest segment in 2022 and is estimated to generate revenue of over USD 1,079.1 million by 2030

  • The Asia Pacific market held the largest revenue share in 2022. The adoption of AI across various industries is augmenting the market growth

AI Text Generator Market Segmentation

Grand View Research has segmented the global AI text generator market based on component, application, end-use, and region:

AI Text Generator Component Outlook (Revenue, USD Million, 2017 - 2030)

  • Solutions

  • Services

AI Text Generator Application Outlook (Revenue, USD Million, 2017 - 2030)

  • Text to Text

  • Speech/Voice to Text

  • Image/Video to Text

AI Text Generator End-use Outlook (Revenue, USD Million, 2017 - 2030)

  • Media & Entertainment

  • Healthcare

  • Education

  • IT & Telecommunication

  • Social Media & Networking

  • E-commerce

  • Others

AI Text Generator Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

  • Asia Pacific

    • China

    • Japan

    • India

  • South America

    • Brazil

  • Middle East and Africa (MEA)

List of Key Players in the AI Text Generator Market

  • AI Writer

  • CopyAI, Inc.

  • Frase, Inc

  • Hyperwrite

  • INK

  • Jasper, INC

  • OpenAI

  • Pepper Content Pvt. Ltd.

  • Rytr

  • Writesonic, Inc.

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