Global Natural Language Generation Market, By Component (Software and Services), Application (Fraud Detection and Anti-Money Laundering, Predictive Maintenance, Risk and Compliance Management, Customer Experience Management and Others), Business Function (Finance, Legal, Marketing and Sales, Operations and Human Resources), Deployment Model (Cloud and On-Premises), Organization Size (Small and Medium-Sized Enterprises and Large Enterprises), Industry Vertical (Banking, Financial Services, and Insurance, Retail and Ecommerce, Government and Defence, Healthcare and Life Sciences, Manufacturing, Telecom and IT, Media and Entertainment, Energy and Utilities and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Natural language generation market is expected to grow at a CAGR of 20.35% in the forecast period of 2020 to 2027. Data Bridge Market Research report on natural language generation market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
It is a sub-section of artificial intelligence which produces dialect as output based on information input is known as natural language generation. The innovation is utilized in order to enhance profitability through mechanizing time-intensive data analysis and building the estimation of information driven products by drawing in clients with instinctive natural language interfaces.
Strong need to understand behavior of customers and proliferation of big data and the related technologies are the factors driving the growth of the natural language generation market. Low skilled consultants who are deploying NLG solutions and services and data security and quality issues are the factors restraining the market. Intelligent business processes has an increasing demand which acts as an opportunity. Low awareness related to NLG solutions is one of the challenges faced by the natural language generation market.
This natural language generation market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research natural language generation market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Natural Language Generation Market Scope and Market Size
Natural language generation market is segmented on the basis of component, application, business function, deployment model, organization size and industry verticals. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on component, natural language generation market is segmented into software and services. Services are sub-segmented into managed and professional services. Professional services are further segmented into training and support and consulting services.
- Based on application, natural language generation market is segmented into fraud detection and anti-money laundering, predictive maintenance, risk and compliance management, customer experience management and others.
- Based on business function, natural language generation market is segmented into finance, legal, marketing and sales, operations and human resources.
- Based on deployment model, natural language generation market is segmented into cloud and on-premises.
- Based on organization size, natural language generation market is segmented into small and medium-sized enterprises and large enterprises.
- Based on industry verticals, natural language generation market is segmented into banking, financial services, and insurance, retail and ecommerce, government and defence, healthcare and life sciences, manufacturing, telecom and IT, media and entertainment, energy and utilities and others.
Natural Language Generation Market Country Level Analysis
Natural language generation market is analysed and market size, volume information is provided by country, component, application, business function, deployment model, organization size and industry verticals as referenced above.
The countries covered in the market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific will dominate the natural language generation market because it focuses more on improving their consumer service for driving competitive differentiation and revenue growth in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Natural Language Generation Market Share Analysis
Natural language generation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to natural language generation market.
The major players covered in the natural language generation market report are IBM, Automated Insights, Inc., Amazon Web Services, Inc., AX Semantics, Phrasetech, NARRATIVEWAVE, Yseop, Narrativa, Artificial Solutions, CoGenTex, Narrative Science, Conversica, Linguastat, Textual Relations, Phrasee, Retresco, 2txt - natural language generation GmbH vPhrase, AWS, Narrtiva among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Natural Language Generation Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.