Home > Media & Technology > Next Generation Technologies > AI and Machine Learning > AI Writing Assistant Software Market

AI Writing Assistant Software Market Share

Report ID: GMI11452
Published Date: Sep 2024
Report Format: PDF

Download Free Sample

AI Writing Assistant Software Market Share

Grammarly Inc. and Open AI hold a market share of around 15% in the AI writing assistant software industry in 2023. Grammarly focuses on improving its AI and machine learning algorithms to provide accurate grammar checks, style suggestions, and better contextual understanding. By enhancing its AI to handle complex writing and adapt to different styles, the company aims to offer a comprehensive writing assistant and maintain a strong market presence.

OpenAI is developing its models to be versatile and useful for various applications beyond traditional writing assistance. These include content generation, automated summarization, and creative writing. By expanding the capabilities of its AI models, OpenAI targets new markets and use cases, increasing its relevance across different industries. This strategic approach helps OpenAI stay competitive and grow its market share.

AI Writing Assistant Software Market Companies

Major companies operating in the AI writing assistant software industry are:

Copy.ai
Grammarly Inc.
Hemingway
Jasper AI
Open AI
ProWritingAid
Quillbot
Scribe
Writer
Writesonic

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of AI writing assistant software reached USD 1.7 billion in 2023 and will expand at a 25% CAGR between 2024 and 2032, due to rising demand for automation in content creation and editing across various industries like marketing, education, and publishing.

The content writing segment accumulated 34% share in 2023, owing to the increasing need for efficient content creation across industries such as marketing, journalism, and e-commerce.

North America market captured 39% share in 2023, driven by the region's early adoption of advanced technologies like artificial intelligence (AI) and natural language processing (NLP).

Prominent players operating in the industry are Copy.ai, Grammarly Inc., Hemingway, Jasper AI, Open AI, ProWritingAid, Quillbot, Scribe, Writer, and Writesonic, among others.