Global Proofreading Tools & Editing Software Market Overview:
Proofreading and editing software is intended to thoroughly examine information and offer ideas for correcting spelling, grammatical, syntactical, and formational mistakes, as well as improving readability. It also looks for issues with plagiarism in the text. It also include refining a piece of writing's substance, organisation, language, and presentation. The goal of editing is to make sure that the text is presented as clearly as possible to the reader. Proofreading and editing software is specific in nature and works with a certain sort of content, albeit depending on the nature of the work being altered, some tools will allow editing of comparable file formats.
As per latest study released by AMA Research, the Global Proofreading Tools & Editing Software market is expected to see growth rate of 15.65%Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | -2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Rising Demand for Proofreading and Editing Software in Corporate Sector
- Growing Demand of Proofreading of Documents of Government Sector
- Real-Time Correction Method Provides Ease to Users
Roadblocks
- Compatibility Issues of Documents in Different Platforms
Opportunities
- Rising Opportunities in Developing Economy
Challenges
- Increasing Use of Open-Source and Free Editing Software
- High Risk of Piracy in Proofreading and Editing Software
Competitive Landscape:
The demand for Proofreading tools and editing software is increasing. The industry is segmented, but it is predicted to grow as the rising demand for online proofreading, among other factors, drives the market forward. Businesses in this sector face global competition from market leaders who control a large share of the market. Companies are differentiating their products from the competition by employing environmentally friendly materials and manufacturing techniques. The Leading Players are engaging in strategic global expansion to maintain their Market Position.
Some of the key players profiled in the report are Grammarly, Inc. (United States), Adobe (United States), Intelligent Editing (United Kingdom), Proofed (United States), Wordvice (United Kingdom), Ginger Software (Israel), Hemingway Ltd (United States), WhiteSmoke (Israel), RussTek LLC (United States), Literature & Latte Ltd. (United Kingdom) and Course Hero (United States). Additionally, following companies can also be profiled that are part of our coverage like Indigo Stream Technologies (United States), Paper Rater (United States) and WordRake, LLC (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Proofreading Tools & Editing Software market by 2027. Considering Market by End Users, the sub-segment i.e. Education will boost the Proofreading Tools & Editing Software market. Considering Market by Subscription, the sub-segment i.e. Monthly Subscription will boost the Proofreading Tools & Editing Software market.
Latest Market Insights:
In 2022, Coursehero had announced the acquisition of Scribbr. The acquisition broadens Course Hero, Inc.'s international reach and supports students throughout their writing journey by incorporating Scribbr's high-touch services into the company's AI-powered writing platform, QuillBot. It also supports Course Hero, Inc.'s plans to expand its dynamic learning ecosystem in order to meet the diverse learning and teaching requirements of today's global community of learners and educators.
In 2021, Grammarly had announced a partnership with Samsung to seamlessly incorporate its superior writing aid technology into the Samsung Keyboard, without the need for an app download. Grammarly for Samsung Keyboard empowers users to write with confidence by employing best-in-class communication support to ensure that every text, email, and social media post is clear and compelling.
Analyst View
With AI enables Proofreading and Editing Tools, Students and Professionals get help finding the best word and grammar free edits which they can use more frequently with online tools over browser / cloud. Making things easier and certainly would transform writing and creates huge opportunity for Proofreading Tools & Editing Software Market Ahead
What Can be Explored with the Proofreading Tools & Editing Software Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Proofreading Tools & Editing Software Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Proofreading Tools & Editing Software
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Proofreading Tools & Editing Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Proofreading Tools & Editing Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture and Capitalist, New entrants/investors, Analysts and Strategic Business Partners, Education Sector and End-use industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.