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DUBLIN, May 29, 2023 (GLOBE NEWSWIRE) — The “Artificial Intelligence (AI) Text Generator Market – Forecasts 2023 to 2028” report has been added. ResearchAndMarkets.com’s Providing.

The AI ​​text generator market is valued at USD 430.925 million in 2021.

AI Text Generator is an artificial intelligence application tool capable of generating text paragraphs and text content. These tools help you create a variety of content, from regular text content to embed in emails to simple content to post on social media and blogs.

The integration of AI technology facilitates analysis and analysis of the content in the AI ​​text generator across various sources to create text-to-text and text conversions, including blogs, posts, search engines, websites and unstructured data such as videos. Speech-to-text formats.

The integrated version of the natural language processing model with the deep learning algorithms used in AI text generators has made AI text generators widely applied in media and entertainment, education, media electronics, marketing and other enterprise-related fields.

The deployment of AI text generators is reducing the time and resources the company spends on content creation processes, which is fueling the growth of the market. Hence, considering the various factors driving its growth, it is anticipated that the AI ​​text generator market will expand during the forecast period.

Market drivers
Increasing social media platforms and content generation

There are over 207 million professional content creators worldwide. The massive growth of content creators and influencers in blogs, social media posts, and media streaming channels is creating more demand for AI text generators. AI text generators help content creators generate effective text content such as captions on their articles or blogs to increase audience engagement with their content and profiles. In addition, popular brands and companies sponsor content creators and influencers to market their products.

For example, a study by the Adobe company showed that European brands’ marketing spend on creative marketing strategies increased from €326 million in 2016 to €1.3 billion in 2020. For creatives and influencers to develop effective promotional content to reach their target audience.

Growing demand for SEO tools in the marketing field

Digitization of various industries is leading to intense competition between different companies for marketing and promotion strategies like SEO. Incorporating SEO tools into AI text generator applications can increase the visibility and quality of web traffic on a company’s website.

Most AI-based article generator software such as Phrase AI, WriterSonic, Scalenut, and Article Forge are integrated with search engine optimization features to ensure that the content is present on search engines and provides information about keyword density, search volume, and other information to its customers. Hence, the growing content creator economy and the integration of SEO tools are driving the demand for AI text generator market.

The lack of emotional depth in the content generated by AI text generators may limit the scope of their application.

Text and content generated by AI text generators are inspired by pre-existing content. Currently, text generators powered by artificial intelligence cannot produce diverse content that expresses complex emotions and feelings. While AI text generators have improved in quality and performance to mimic human writing, they cannot replicate the creative and unique style of writing provided by an individual. This proliferation of AI text generators may be limited to marketing agencies and creators who primarily use emotional appeal to persuade their clients.

Market developments:

In February 2023, Wix Ltd. The company has introduced a new AI-based text generator feature to the Wix Editor platform that integrates OpenAI’s GPT-3 technology to provide an improved content creation experience to its users, which can generate custom tag lines, titles, and paragraph text. .

In the year In December 2022, Canva launched new features on its Canva Doc platform, including the Magic Write feature, which helps with the copyright process and generates text content using AI technology.

North America accounts for the major share of the AI ​​text generator market and is expected to witness healthy growth during the forecast period.

The existence of a strong AI technology market and the rapid development of AI software are enabling the application of AI text generators to generate data-based reports, prepare annual accounts, generate product and environmental descriptions, and produce marketing content targeting different market segments. Many languages ​​in North America.

AI text generation software developed by established IT companies including Google, IBM, and Microsoft and the emergence of new AI text generators such as Jasper, Quilbot, Hypotenuse AI, and Copysmith are giving AI text generators a chance to expand. North American market. For example, Jasper AI has provided AI text generation software to leading US companies such as IBM, Hubspot, Airbnb and HarperCollins. Thus, North America’s market share in the global AI text generator market is expected to grow during the forecast period.

Market segmentation:
In kind

  • Text to text
  • For written speech

by application

  • Education
  • Smart electronics
  • Media and entertainment
  • Enterprises
  • Others

in geography

  • North America
  • America
  • Canada
  • Mexico
  • south america
  • Brazil
  • Argentina
  • Others
  • Europe
  • united kingdom
  • Germany
  • France
  • Italy
  • Spain
  • Others
  • Middle East and Africa
  • Saudi Arabia
  • United Arab Emirates
  • Others
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Singapore
  • Indonesia
  • Others

Key topics covered:

1 Introduction

2. Research method

3. Executive summary

4. Market dynamics

5. AI Text Generator Market by Type

6. AI text generator market by application

7. AI Text Generator Market by Geography

8. Competitive environment and analysis

9. Company profiles

Companies are mentioned

  • Microsoft Bing ChatGPT
  • Jasper AI Inc.
  • You.com
  • Writesonic Inc.
  • Google LLC
  • SpinBot
  • Anlantan
  • AI-writer
  • SYSOTEL Technologies Pvt. Ltd
  • Frase Inc.

For more information about this report, visit https://www.researchandmarkets.com/r/nwva71

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