Summary

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.

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

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Table of Contents

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Research Methodology
1.2.1. Information Procurement
1.3. Information or Data Analysis
1.4. Methodology
1.5. Research Scope and Assumptions
1.6. Market Formulation & Validation
1.7. Country Based Segment Share Calculation
1.8. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. AI Text Generator Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.3. AI Text Generator Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Bargaining power of the suppliers
3.3.1.2. Bargaining power of the buyers
3.3.1.3. Threats of substitution
3.3.1.4. Threats from new entrants
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political Landscape
3.3.2.2. Economic Landscape
3.3.2.3. Social Landscape
3.3.2.4. Technology Landscape
3.3.2.5. Environmental Landscape
3.3.2.6. Legal Landscape
Chapter 4. AI Text Generator Market: Component Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. AI Text Generator Market: Component Movement Analysis, USD Million, 2022 & 2030
4.3. Solutions
4.3.1. Solutions Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
4.4. Services
4.4.1. Services Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 5. AI Text Generator Market: Application Estimates & Trend Analysis
5.1. Segment Dashboard
5.2. AI Text Generator Market: Application Movement Analysis, USD Million, 2022 & 2030
5.3. Text to Text
5.3.1. Text to Text Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
5.4. Speech/Voice to Text
5.4.1. Speech/Voice to Text Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
5.5. Image/Video to Text
5.5.1. Image/Video to Text Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 6. AI Text Generator Market: End-use Estimates & Trend Analysis
6.1. Segment Dashboard
6.2. AI Text Generator Market: End-use Movement Analysis, USD Million, 2022 & 2030
6.3. Media & Entertainment
6.3.1. Media & Entertainment Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
6.4. Healthcare
6.4.1. Healthcare Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
6.5. Education
6.5.1. Education Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
6.6. IT & Telecommunication
6.6.1. IT & Telecommunication Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
6.7. Social Media & Networking
6.7.1. Social Media & Networking Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
6.8. E-commerce
6.8.1. E-commerce Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 7. AI Text Generator Market: Regional Estimates & Trend Analysis
7.1. AI Text Generator Market Share, By Region, 2022 & 2030, USD Million
7.2. North America
7.2.1. North America AI Text Generator Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.2.2. U.S.
7.2.2.1. U.S. AI Text Generator Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.2.3. Canada
7.2.3.1. Canada AI Text Generator Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.2.4. Mexico
7.2.4.1. Mexico AI Text Generator Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.3. Europe
7.3.1. Europe AI Text Generator Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.3.2. UK
7.3.2.1. UK AI Text Generator Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.3.3. Germany
7.3.3.1. Germany AI Text Generator Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.3.4. France
7.3.4.1. France AI Text Generator Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.4. Asia Pacific
7.4.1. Asia Pacific AI Text Generator Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.4.2. China
7.4.2.1. China AI Text Generator Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.4.3. Japan
7.4.3.1. Japan AI Text Generator Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.4.4. India
7.4.4.1. India AI Text Generator Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.5. South America
7.5.1. South America AI Text Generator Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.5.2. Brazil
7.5.2.1. Brazil AI Text Generator Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.6. Middle East and Africa
7.6.1. Middle East and Africa AI Text Generator Market Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 8. Competitive Landscape
8.1. Company Categorization
8.2. Company Market Positioning
8.3. Participant’s Overview
8.4. Financial Performance
8.5. Product Benchmarking
8.6. Company Heat Map Analysis
8.7. Strategy Mapping
8.8. Company Profiles/Listing
8.8.1. Codecademy
8.8.2. CodiumAI
8.8.3. Codota
8.8.4. DeepCode
8.8.5. Google LLC
8.8.6. International Business Machines Corporation
8.8.7. Microsoft Corporation
8.8.8. NVIDIA Corporation
8.8.9. OpenAI
8.8.10. Tabnine