- Natural language generation technologies are pivotal in transforming structured data into human-readable text, enabling applications such as automated report generation, personalized customer interactions, and real-time data insights
- The demand for natural language generation solutions is significantly driven by the surge in data volumes, advancements in AI-driven analytics, and the need for scalable content creation in industries such as Banking, Financial Services, and Insurance, retail, and healthcare
- North America dominate the Natural language generation market with a largest revenue share of 39.1% in 2024, driven by early adoption of AI technologies, a strong presence of key industry players, and high investments in digital transformation
- Asia-Pacific is anticipated to be the fastest-growing region during the forecast period, propelled by rapid digitization, increasing adoption of AI in emerging economies such as China and India, and government initiatives promoting smart technologies
- The software segment is expected to dominate the Natural Language Generation (NLG) market with a 66.8% share in 2024, driven by its pivotal role in data-to-text transformation and seamless integration with existing business intelligence platforms for streamlined workflows and automated reporting.
