The North America AI Text Generator Market would witness market growth of 16.4% CAGR during the forecast period (2022-2028).
Decision-making, performance enhancement, and result prediction are made possible by ML approaches. For a computer system to learn through machine learning, it requires data and the capacity to assess that data. After sufficient data exposure, the computer system gradually learns how to perform a task on its own.
The process of NLG entails building content from scratch. Text recognition, AI writing, chatbots, and machine translation are just a few examples of applications that utilize this technique, which can be carried out by a computer program or algorithm. Automating conversations is made possible by the growing migration to voice-enabled applications and the use of machine learning, natural language, and augmented reality creation.
For example, the AI-powered text generator tool Jasper AI makes it possible to develop online copy and other materials quickly by using a few keywords to describe the desired content. Jasper AI can produce a whole piece of content within just 60 seconds. Many other pieces of software, such as Anyword, Writecream, RytrGrowthBar, etc., are made to carry out similar functions.
The National Institute of Standards and Technology states that as artificial technologies spread throughout society, people will have to deal with both their many advantages and drawbacks. Natural Language Generation (NLG), particularly in the field of Natural Language Processing (NLP), has made significant strides in producing well-written texts. While this subject has been around for a while, GPT-1's introduction, which made use of the Transformer Neural Network framework, paved the way for more advanced text-generators like GPT-2, Grover, Turing-NLG, GPT-3, and the current Google Switch.
The US market dominated the North America AI Text Generator Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $250.2 Million by 2028. The Canada market is poised to grow at a CAGR of 19% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 18% during (2022 - 2028).
Based on Application, the market is segmented into Text To Text, Speech/Voice To Text and Image/Video To Text. Based on Component, the market is segmented into Services and Solutions. Based on Industry, the market is segmented into E-commerce, Media & Entertainment, Social Media & Networking, Healthcare, IT & Telecommunication, Education and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global AI Text Generator Market is Estimated to reach $1 Billion by 2028, at a CAGR of 17.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AI Writer Technologies FZ-LLC, CopyAI, Inc., Frase, Inc. (Copysmith Artificial Intelligence, Inc.), HyperWrite (OthersideAI, Inc.), INK Content, Inc., Jasper, Inc., Humanity Plus Technologies Private Limited (LongShot.AI), OpenAI, L.L.C., Pepper Content Pvt. Ltd., and Writesonic, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Text To Text
- Speech/Voice To Text
- Image/Video To Text
By Component
By Industry
- E-commerce
- Media & Entertainment
- Social Media & Networking
- Healthcare
- IT & Telecommunication
- Education
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- AI Writer Technologies FZ-LLC
- CopyAI, Inc.
- Frase, Inc. (Copysmith Artificial Intelligence, Inc.)
- HyperWrite (OthersideAI, Inc.)
- INK Content, Inc.
- Jasper, Inc.
- Humanity Plus Technologies Private Limited (LongShot.AI)
- OpenAI, L.L.C.
- Pepper Content Pvt. Ltd.
- Writesonic, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America AI Text Generator Market, by Application
1.4.2 North America AI Text Generator Market, by Component
1.4.3 North America AI Text Generator Market, by Industry
1.4.4 North America AI Text Generator Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America AI Text Generator Market by Application
3.1 North America Text To Text Market by Country
3.2 North America Speech/Voice To Text Market by Country
3.3 North America Image/Video To Text Market by Country
Chapter 4. North America AI Text Generator Market by Component
4.1 North America Services Market by Country
4.2 North America Solutions Market by Country
Chapter 5. North America AI Text Generator Market by Industry
5.1 North America E-commerce Market by Country
5.2 North America Media & Entertainment Market by Country
5.3 North America Social Media & Networking Market by Country
5.4 North America Healthcare Market by Country
5.5 North America IT & Telecommunication Market by Country
5.6 North America Education Market by Country
5.7 North America Others Market by Country
Chapter 6. North America AI Text Generator Market by Country
6.1 US AI Text Generator Market
6.1.1 US AI Text Generator Market by Application
6.1.2 US AI Text Generator Market by Component
6.1.3 US AI Text Generator Market by Industry
6.2 Canada AI Text Generator Market
6.2.1 Canada AI Text Generator Market by Application
6.2.2 Canada AI Text Generator Market by Component
6.2.3 Canada AI Text Generator Market by Industry
6.3 Mexico AI Text Generator Market
6.3.1 Mexico AI Text Generator Market by Application
6.3.2 Mexico AI Text Generator Market by Component
6.3.3 Mexico AI Text Generator Market by Industry
6.4 Rest of North America AI Text Generator Market
6.4.1 Rest of North America AI Text Generator Market by Application
6.4.2 Rest of North America AI Text Generator Market by Component
6.4.3 Rest of North America AI Text Generator Market by Industry
Chapter 7. Company Profiles
7.1 Jasper, Inc.
7.1.1 Company Overview
7.1.2 Recent strategies and developments:
7.1.2.1 Partnerships, Collaborations, and Agreements:
7.1.2.2 Acquisition and Mergers:
7.2 Pepper Content Pvt. Ltd.
7.2.1 Company Overview
7.2.2 Recent strategies and developments:
7.2.2.1 Product Launches and Product Expansions:
7.3 Writesonic, Inc.
7.3.1 Company Overview
7.3.2 Recent strategies and developments:
7.3.2.1 Product Launches and Product Expansions:
7.4 Frase, Inc. (Copysmith Artificial Intelligence, Inc.)
7.4.1 Company Overview
7.4.2 Recent strategies and developments:
7.4.2.1 Partnerships, Collaborations, and Agreements:
7.5 AI Writer Technologies FZ-LLC
7.5.1 Company Overview
7.6 CopyAI, Inc.
7.6.1 Company Overview
7.7 HyperWrite (OthersideAI, Inc.)
7.7.1 Company Overview
7.8 INK Content, Inc.
7.8.1 Company Overview
7.9 Humanity Plus Technologies Private Limited (LongShot.AI)
7.9.1 Company Overview
7.10. OpenAI, L.L.C.
7.10.1 Company Overview
TABLE 1 North America AI Text Generator Market, 2018 - 2021, USD Million
TABLE 2 North America AI Text Generator Market, 2022 - 2028, USD Million
TABLE 3 North America AI Text Generator Market by Application, 2018 - 2021, USD Million
TABLE 4 North America AI Text Generator Market by Application, 2022 - 2028, USD Million
TABLE 5 North America Text To Text Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Text To Text Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Speech/Voice To Text Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Speech/Voice To Text Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Image/Video To Text Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Image/Video To Text Market by Country, 2022 - 2028, USD Million
TABLE 11 North America AI Text Generator Market by Component, 2018 - 2021, USD Million
TABLE 12 North America AI Text Generator Market by Component, 2022 - 2028, USD Million
TABLE 13 North America Services Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Services Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Solutions Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Solutions Market by Country, 2022 - 2028, USD Million
TABLE 17 North America AI Text Generator Market by Industry, 2018 - 2021, USD Million
TABLE 18 North America AI Text Generator Market by Industry, 2022 - 2028, USD Million
TABLE 19 North America E-commerce Market by Country, 2018 - 2021, USD Million
TABLE 20 North America E-commerce Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Media & Entertainment Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Media & Entertainment Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Social Media & Networking Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Social Media & Networking Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 27 North America IT & Telecommunication Market by Country, 2018 - 2021, USD Million
TABLE 28 North America IT & Telecommunication Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Education Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Education Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 33 North America AI Text Generator Market by Country, 2018 - 2021, USD Million
TABLE 34 North America AI Text Generator Market by Country, 2022 - 2028, USD Million
TABLE 35 US AI Text Generator Market, 2018 - 2021, USD Million
TABLE 36 US AI Text Generator Market, 2022 - 2028, USD Million
TABLE 37 US AI Text Generator Market by Application, 2018 - 2021, USD Million
TABLE 38 US AI Text Generator Market by Application, 2022 - 2028, USD Million
TABLE 39 US AI Text Generator Market by Component, 2018 - 2021, USD Million
TABLE 40 US AI Text Generator Market by Component, 2022 - 2028, USD Million
TABLE 41 US AI Text Generator Market by Industry, 2018 - 2021, USD Million
TABLE 42 US AI Text Generator Market by Industry, 2022 - 2028, USD Million
TABLE 43 Canada AI Text Generator Market, 2018 - 2021, USD Million
TABLE 44 Canada AI Text Generator Market, 2022 - 2028, USD Million
TABLE 45 Canada AI Text Generator Market by Application, 2018 - 2021, USD Million
TABLE 46 Canada AI Text Generator Market by Application, 2022 - 2028, USD Million
TABLE 47 Canada AI Text Generator Market by Component, 2018 - 2021, USD Million
TABLE 48 Canada AI Text Generator Market by Component, 2022 - 2028, USD Million
TABLE 49 Canada AI Text Generator Market by Industry, 2018 - 2021, USD Million
TABLE 50 Canada AI Text Generator Market by Industry, 2022 - 2028, USD Million
TABLE 51 Mexico AI Text Generator Market, 2018 - 2021, USD Million
TABLE 52 Mexico AI Text Generator Market, 2022 - 2028, USD Million
TABLE 53 Mexico AI Text Generator Market by Application, 2018 - 2021, USD Million
TABLE 54 Mexico AI Text Generator Market by Application, 2022 - 2028, USD Million
TABLE 55 Mexico AI Text Generator Market by Component, 2018 - 2021, USD Million
TABLE 56 Mexico AI Text Generator Market by Component, 2022 - 2028, USD Million
TABLE 57 Mexico AI Text Generator Market by Industry, 2018 - 2021, USD Million
TABLE 58 Mexico AI Text Generator Market by Industry, 2022 - 2028, USD Million
TABLE 59 Rest of North America AI Text Generator Market, 2018 - 2021, USD Million
TABLE 60 Rest of North America AI Text Generator Market, 2022 - 2028, USD Million
TABLE 61 Rest of North America AI Text Generator Market by Application, 2018 - 2021, USD Million
TABLE 62 Rest of North America AI Text Generator Market by Application, 2022 - 2028, USD Million
TABLE 63 Rest of North America AI Text Generator Market by Component, 2018 - 2021, USD Million
TABLE 64 Rest of North America AI Text Generator Market by Component, 2022 - 2028, USD Million
TABLE 65 Rest of North America AI Text Generator Market by Industry, 2018 - 2021, USD Million
TABLE 66 Rest of North America AI Text Generator Market by Industry, 2022 - 2028, USD Million
TABLE 67 Key Information – Jasper, Inc.
TABLE 68 Key Information – Pepper Content Pvt. Ltd.
TABLE 69 Key Information – Writesonic, Inc.
TABLE 70 Key Information – Frase, Inc.
TABLE 71 Key Information – AI Writer Technologies FZ-LLC
TABLE 72 Key Information – CopyAI, Inc.
TABLE 73 Key Information – HyperWrite
TABLE 74 Key Information – INK Content, Inc.
TABLE 75 Key Information –Humanity Plus Technologies Private Limited
TABLE 76 Key Information – OpenAI, L.L.C.
List of Figures
FIG 1 Methodology for the research