Automated Journalism Market Scope
Automated journalism, is also known as algorithmic journalism or robot journalism. Automated journalism made its way into the public's focus when the Associated Press, one of the world's major news organizations, began automating its quarterly company earnings reports using Automated Insights' Wordsmith platform. Is most useful for generating routine news stories for repetitive topics for which clean, accurate, and structured data are available. Automated journalism cannot be used to cover topics for which no structured data are available and is challenging when data quality is poor. Growing development for a new product as well as technology upgrades is the drive of market growth.
|Unit||Value (USD Million)|
|Key Companies Profiled||Facebook (Canada), Media (Canada), Twitter (United States), BBC (England), Bloomberg (United States), Thomson Reuters (United States), AP (New York), Alphabet (United States), Yseop (France) and Quartz (United States)|
Automated journalism is a fragmented market due to the presence of a large number of established competitors. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Facebook (Canada), Media (Canada), Twitter (United States), BBC (England), Bloomberg (United States), Thomson Reuters (United States), AP (New York), Alphabet (United States), Yseop (France) and Quartz (United States) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Automated Journalism market by Type , by Application (Automated content production, Data Mining, News dissemination and Content optimization) and Region with country level break-up.
On the basis of geography, the market of Automated Journalism has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2022.
In February 2022, Twitter launched new labels to identify the good bots. these good bot labels, which had been in testing with a small group, are now publicly available to all automated account holders. these accounts represented a range of bot use, from critical updates to interesting information to fun content, and many people automate their Twitter accounts in other ways like using IFTTT integrations to tweet out links.
Influencing Trend:Increasing Interconnectivity across different domains
Market Growth Drivers:Increasing development for a new product as well as technology upgrades.
Challenges:Non-Availability of Authentic Data.
Restraints:The risk of fake news creation. and The Flood of Opinions and false information on the Internet.
Opportunities:Increase the productivity and the quality of the work in less time,
Key Target AudienceMarket research and consulting service providers, Government Agencies, End User Industry and Others