Market Analysis

When reviewing the overall market, which are tools that automatically generate text or assist in writing tasks, North America has had a significant market share since 2018 and is forecast to continue into 2028. AI writing assistant market includes editing content software and applications that automatically generate text and publish it on social media channels. The market is divided into On-Premise, where the application is stored on the organization's server, and Cloud-based applications that can be accessed and require no data backup. Predominately cloud-based is used by buyers daily. With technological advancement, the household market will continue to grow as people become more reliant on various tools such as Grammarly. The commercial segment in recent years has seen a growth predominantly in the edit content tools as the workflow is faster when using such applications. Since COVID-19, more people work remotely, becoming reliant on writing assistant tools for editing because in-person collaboration no longer exists. The pandemic is another driving factor for market growth in AI-writing assistant tools (DataIntelo, 2020).