Introduction
The global artificial intelligence (AI) writing assistant software market is expected to reach USD 20.72 billion by 2024, according to a new report by Grand View Research, Inc. Global revenue growth is forecasted at CAGR of 32.9% during 2018-2024 and this trend is expected to continue in the next few years as well.
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AI Writing Assistant Software Market Overview
This report studies AI Writing Assistant Software in Global market, especially in North America, China, Europe and Southeast Asia, with production, revenue (value), consumption, import and export data for each region.
This report focuses on top manufacturers in global market, with Production Base and Market Share for each manufacturer. Top 5 companies are Intel Corporation (US), Apple Inc., Microsoft Corporation (US), Google Inc., Adobe Systems Incorporated (US).
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Key Players Mentioned in the Global AI Writing Assistant Software Market Research Report:
- Grammarly
- WhiteSmoke
- Ginger Software
- Scribens
- Hemingway Editor
Grammarly
Grammarly is an online grammar checker that was founded in 2011. It has over 100 million users, including more than 1 million teachers, and it’s available in 40 languages.
Grammarly is free for personal use (although some features are accessible only via paid subscriptions). For business purposes, you’ll need to purchase a monthly or annual subscription plan—the prices vary depending on your needs: $9 per month or $150 per year.
WhiteSmoke
WhiteSmoke is a writing assistant software that helps writers to improve their writing skills. The most accurate grammar checker in the world, WhiteSmoke can be used by more than 5 million people and has been used by more than 20 million people. It uses AI technology to help you correct your mistakes, find errors and improve your style.
Ginger Software
Ginger Software is a company that develops writing assistance software. The software is used for proofreading and editing documents, including business documents and academic papers.
Ginger Software was founded in 2007 by Richard Fuschetto as an extension of his previous venture, Ginger Consulting LLC., which provided professional services to clients in IT development and project management. The original idea for the company came from Fuschetto’s experience with high-profile projects where more than one person wrote the same document (for example, a technical proposal). He realized that there was no easy way for him or his team members to proofread their own work without having access to each other’s input on the same document at different times—and this led him down this path towards developing something new: an automated system for collaborative writing assistance called “The Writer”.
Scribens
Scribens is a writing assistant software that helps writers to improve their writing skills. It uses AI technology to identify and correct errors in writing, so you can have a clear idea of what it takes to write well.
It’s available on both desktop computers and mobile devices, so you can use it even if you don’t have access to a computer or tablet with internet connection.
Hemingway Editor
Hemingway Editor is an AI-based tool that helps you write clearly, simply and directly. It’s a tool for streamlining your writing so it’s more impactful and engaging. Hemingway Editor is designed to eliminate wordy phrases, awkward sentences, passive voice and more from your writing. By using this app you’ll be able to focus on what matters most: communicating ideas effectively!
The Hemingway Editor also features several other features such as auto punctuation correction (APC), spell checker, autocorrections for common typos like “there” instead of “their” etc., text expansion with hundreds of pre-defined abbreviations including emojis
Market Overview
AI writing assistant software is a computer program that helps people write better by checking their grammar, spelling and style. It’s also called grammar checker, proofreader or autocorrector.
AI writing assistant software is an automated system that checks the quality of a text before it’s sent out for publication or review. These programs can be used in many different ways including:
- Automatically correcting mistakes made by writers (e.g., “I’m sorry,” instead of “I’m sorry”)
- Checking for spelling errors such as typos or misspellings
Executive Summary
The AI Writing Assistant Software market is expected to grow at a CAGR of 20.51% during the forecast period, 2020-2025. This growth can be attributed to the growing demand for automation in office tasks, which is expected to drive the adoption of intelligent software applications across various industries.
The key players in the AI Writing Assistant Software market are Microsoft Corporation (US), IBM Corporation (US), SAP SE (Germany) and Adobe Systems Incorporated (US).
Market Segmentation by Type
There are different types of AI writing assistant software that can be used by users to aid them in their day-to-day tasks. The most popular category is conversational artificial intelligence (AI), but there are also other types like NLP-based assistants and others that work better with specific industries or verticals.
Market Segmentation by Application
There are a number of ways to segment this market. For example, you can look at it by type of application or by geography.
- Type:
- Application:
- Geographical Regions:
Geographical Analysis
- North America
- Europe
- Asia-Pacific
- Rest of the World
Key Players’ Analysis
- Grammarly
Grammarly is a software company that provides grammar and writing assistance for people who write. The company offers two products: Grammarly for Firefox and Grammarly Touch for iOS devices, which can be used to check and correct errors in your writing. The software also offers an API through which developers can integrate the service into their own applications.
- WhiteSmoke
WhiteSmoke is another online developer of online editing tools, including code analysis, plagiarism detection and spell checkers as well as content management systems (CMS). The company’s products are available through its website at whitesmoke.com or via its app store on iTunes Store where they are priced between $10-$20 per month depending on whether you want just one feature or all four at once; these rates may vary depending upon how much traffic they receive from their users versus other sources such as search engines etc..
Takeaway:
The global AI writing assistant software market is expected to grow from USD 1.36 billion in 2020 to USD 3.5 billion in 2026, at a Compound Annual Growth Rate (CAGR) of 18.4% during the forecast period. The increasing need for automation and digitization across various industries has triggered growth in this market segment over the past few years; however, issues related to privacy concerns may pose barriers for companies pursuing AI-based solutions for writing assistants based on unstructured text data sets such as news articles or blog posts that contain less structured content with many variables such as keywords and phrases used throughout them
Conclusion
In the end, this report is all about you. It’s about your dreams and goals, and how AI is going to help you achieve them. We hope that this report has given you a better understanding of what AI can do for your business, and why it might be right for your company. As we mentioned earlier in the report, there are still many things we don’t know about AI—but they are just beginning to be explored. We expect that these unknown areas will grow as technology continues its rapid development into new frontiers of discovery! With so much potential ahead of us, we can only wait eagerly with anticipation.
