Asia Pacific AI Text Generator Market Size, Share & Industry Trends Analysis Report By Application (Text To Text, Speech/Voice To Text and Image/Video To Text), By Component (Services and Solutions), By Industry, By Country and Growth Forecast, 2022 - 2028
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Get in-depth analysis of the COVID-19 impact on the Asia Pacific AI Text Generator Market
Market Report Description
The Asia Pacific AI Text Generator Market would witness market growth of 18.8% CAGR during the forecast period (2022-2028).
The government is encouraging speech/voice-to-text technology in education. These technologies are used on a wide range of devices, including tablets, smartphones, and computers. For example, in May 2022, academics at Northern Illinois University released a programme to teach students the Nemeth code using speech-to-text API technology (a Braille code for mathematics).
Publishing companies may now cover a wider variety of activities and audiences, including amateur leagues, due to sports reporting automation. Publishing hyper-localized information puts media organizations ahead of the competition by keeping them current and relevant. Many different architectures have been used to create text-to-image models.
Although transformer models have recently gained popularity, text encoding can also be done using recurrent neural networks, such as long short-term memory (LSTM) networks. Conditional generative adversarial networks have been extensively employed during the image generation stage, while diffusion models have also gained popularity recently.
The demand for chatbots is rising as industrialization in the Asian-Pacific area picks up significantly. The growth of the retail and e-commerce industries in developing nations like China, India, Vietnam, Indonesia, the Philippines, Malaysia, Thailand, and Taiwan has increased chatbot adoption and demand. The COVID-19 pandemic witnessed steady growth in the Asia-Pacific chatbot market.
The China market dominated the Asia Pacific AI Text Generator Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $87.3 Million by 2028. The Japan market is estimated to grow a CAGR of 18% during (2022 - 2028). Additionally, The India market would experience a CAGR of 19.5% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide AI Text Generator Market is Projected to reach USD 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:
- Text To Text
- Speech/Voice To Text
- Image/Video To Text
- Media & Entertainment
- Social Media & Networking
- IT & Telecommunication
- South Korea
- Rest of Asia Pacific
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.
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