PUNE, India, aug. 2, 2022 /PRNewswire/ — According to a recent market study published by Growth Market Reports, titled, “Global AI Writing Assistant Software Market by Types (On-premise and Cloud-based), End-users (Individual, Commercial, and Others), and Regions: Size, Share, Trends and Opportunity Analysis, 2019-2030“, the market was valued at USD 372 million in 2021 and is expected to grow at a healthy growth rate of around 15% by the year 2030. The global AI writing assistant software market is designed to expand at a rapid pace, due to high usage in various applications such as educational & 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 can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include types, end-users, and competitor analysis.
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This report also includes a complete analysis of industry players that covers their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that are helping them to expand their market share.
Highlights on the segments of the AI Writing Assistant Software Market
In terms of types, the global AI writing assistant software market is segmented into on-premise and cloud-based. The cloud-based type segment is expected to expand at a sustainable CAGR during the forecast period. The cloud-based AI assistant software maintains uniformity across the team network to keep messages professional and error-free. The cloud-based AI writing assistant software aids in reducing users’ capital costs because it charges users based on their usage. These factors are estimated to drive the cloud-based segment.
Based on end-users, the global AI writing assistant software market is segmented into individual, commercial, and others. The commercial segment is expected to grow at a significant pace during the forecast period, owing to increasing use of AI writing assistant software by small, medium-sized, and large businesses for market research and business promotion.
On the basis of 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 projected to expand at a significant CAGR during 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 to hold a substantial share of the global AI writing assistant software market, owing to the growing strategic investment in AI technology Europe-based companies.
The market in Europe is expanding as a result of rising 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 get their work done in a short time and accurately.
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Key Takeaways from the Study:
The AI writing assistant software market in North America is expanding and dominating as compared to other regional markets, owing to the increasing R&D activities and rising novel production in the region.
The AI writing assistant software market in Europe is expected to grow at a substantial pace during the forecast period. Rising promotional activities assistant in this region is expected in several years to promote the market in the market in the assistant applications.
The cloud-based segment is expected to grow at a significant pace. The cloud-based AI assistant software messages professional and free from errors keeps by ensuring consistency across the team The cloud-based AI writing assistant software routinely maintains data backup and continuously enhances services.
The commercial end-user segment is expected to expand at a sustainable CAGR during the forecast period. Growth of the segment is attributed to increasing adoption of AI writing assistant software by large, medium, and small enterprises. Increasing use of the software by these enterprises is for market research and business promotion.
Read 210 Pages Research Report with Detailed ToC on “global AI writing assistant software Market by 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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