Europe 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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Market Report Description
The Europe AI Text Generator Market would witness market growth of 17.0% CAGR during the forecast period (2022-2028).
The main companies offer service-based AI text generators. For example, Open AI's APIs have been utilized in tens of thousands of applications to do everything from solve difficult classification problems to help users learn new languages.
API enables programmers to test apps before they are released, continuously enhance security features, scale their applications over time, and comprehend the impacts of their technology. Text-to-text models are trained to identify similarities and differences between two texts, such as when translating between languages.
Text-to-text models are designed to be multitasking computers, so they can do a variety of tasks like summarising, translating, and classifying texts. For example, QuillBot (Course Hero), LLC offers the program QuillBot for producing text-to-text content quickly.
Currently, the European market is dominated by top technology companies. The use of smart speakers in European nations like the United Kingdom, Germany, and France is likely to continue to expand in the upcoming years. In addition, increasing investment in developing voice technology in the region would help the emergence of innovative solutions. As the competition is rising, companies are more focused on their advertising and marketing business.
The Germany market dominated the Europe AI Text Generator Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $64 Million by 2028. The UK market is anticipated to grow at a CAGR of 16.1% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 17.9% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global AI Text Generator Market will Hit $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
- Rest of Europe
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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