Natural Language Generation Market, By Application (Fraud Detection and Anti-Money Laundering, Predictive Maintenance, Risk & Compliance Management, Performance Management, Customer Experience Management and Others), By Deployment (On-premise and Cloud), By Organization Size (SME’s and Large Enterprises), By Vertical (BFSI, Retail and Ecommerce, Government and Defense, Healthcare and Life Sciences, Manufacturing, Telecom and IT, Media and Entertainment, Energy and Utilities and Others) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
Natural language generation software uses artificial intelligence algorithms to produce the speech or text from the large amount of data. These software enable companies to convert analytical data report into natural languages such as English. Moreover, these software enable companies to create data driven reports, which help them in their strategic decision making.
Market Dynamics
Natural language generation tools are widely used in BFSI, healthcare, retail & e-commerce, IT and telecommunication industry. The NLG tools are used in chabot and rapidly increasing use of chabot is expected to propel growth of the natural language generation market during the forecast period. Moreover, partnership between the IT companies to develop advanced NLG solutions is expected to propel growth of the market. For instance, in April 2018, Retresco GmbH partnered with Deloitte Touche Tohmatsu Limited to develop artificial intelligence driven natural language generation solutions to derive insights from texts and data. Moreover, in February 2018, WordPress, an online website developing platform, partnered with Amazon Web Services to launch Amazon Polly plugin, which converts texts into audio format.
Key features of the study:
This report provides in-depth analysis of the global natural language generation market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
It profiles leading players in the global natural language generation market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
Companies covered as part of this study include Retresco, Narrative Science, AX Semantics, IBM Corporation, Artificial Solutions, Yseop, Narrative Science, CoGenTex, Inc., ARRIA NLG plc, Automated Insights, Inc., and Phrasetech
Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
The global natural language generation market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global natural language generation market
Detailed Segmentation
Global Natural Language Generation Market, By Component:
Software
Services
Global Natural Language Generation Market, By Application:
Fraud Detection and Anti-Money Laundering
Predictive Maintenance
Risk & Compliance Management
Performance Management
Customer Experience Management
Others
Global Natural Language Generation Market, By Deployment Method:
On-premise
Cloud
Global Natural Language Generation Market, By Organization Size:
SMEs
Large Enterprises
Global Natural Language Generation Market, By Vertical:
BFSI
Retail and Ecommerce
Government and Defense
Healthcare and Life Sciences
Manufacturing
Telecom and IT
Media and Entertainment
Energy and Utilities
Others
Global Natural Language Generation Market, By Region:
North America
By Component:
Software
Services
By Application:
Fraud Detection and Anti-Money Laundering
Predictive Maintenance
Risk & Compliance Management
Performance Management
Customer Experience Management
Others
By Deployment:
On-premise
Cloud
By Organization Size:
SMEs
Large Enterprises
By Vertical:
BFSI
Retail and Ecommerce
Government and Defense
Healthcare and Life Sciences
Manufacturing
Telecom and IT
Media and Entertainment
Energy and Utilities
Others
By Country:
U.S.
Canada
Europe
By Component:
Software
Services
By Application:
Fraud Detection and Anti-Money Laundering
Predictive Maintenance
Risk & Compliance Management
Performance Management
Customer Experience Management
Others
By Deployment:
On-premise
Cloud
By Organization Size:
SMEs
Large Enterprises
By Vertical:
BFSI
Retail and Ecommerce
Government and Defense
Healthcare and Life Sciences
Manufacturing
Telecom and IT
Media and Entertainment
Energy and Utilities
Others
By Country:
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Component:
Software
Services
By Application:
Fraud Detection and Anti-Money Laundering
Predictive Maintenance
Risk & Compliance Management
Performance Management
Customer Experience Management
Others
By Deployment:
On-premise
Cloud
By Organization Size:
SMEs
Large Enterprises
By Vertical:
BFSI
Retail and Ecommerce
Government and Defense
Healthcare and Life Sciences
Manufacturing
Telecom and IT
Media and Entertainment
Energy and Utilities
Others
By Country:
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
By Component:
Software
Services
By Application:
Fraud Detection and Anti-Money Laundering
Predictive Maintenance
Risk & Compliance Management
Performance Management
Customer Experience Management
Others
By Deployment:
On-premise
Cloud
By Organization Size:
SMEs
Large Enterprises
By Vertical:
BFSI
Retail and Ecommerce
Government and Defense
Healthcare and Life Sciences
Manufacturing
Telecom and IT
Media and Entertainment
Energy and Utilities
Others
By Country:
Brazil
Mexico
Rest of Latin America
Middle East and Africa
By Component:
Software
Services
By Application:
Fraud Detection and Anti-Money Laundering
Predictive Maintenance
Risk & Compliance Management
Performance Management
Customer Experience Management
Others
By Deployment:
On-premise
Cloud
By Organization Size:
SMEs
Large Enterprises
By Vertical:
BFSI
Retail and Ecommerce
Government and Defense
Healthcare and Life Sciences
Manufacturing
Telecom and IT
Media and Entertainment
Energy and Utilities
Others
By Country/Region:
GCC Countries
South Africa
Rest of Middle East and Africa
Company Profiles
ARRIA NLG plc
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/ Updates
Artificial Solutions
Automated Insights, Inc.
AX Semantics
CoGenTex, Inc.
IBM Corporation
Narrative Science
Narrative Science
Phrasetech
Retresco
Yseop
“*” marked represents similar segmentation in other categories in the respective section.
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