Overview and Scope
Natural language generation (NLG) is a subfield of artificial intelligence (AI) and natural language processing (NLP) that focuses on the automatic generation of human-readable text or speech from structured data or other non-linguistic forms. NLG aims to transform data into coherent and contextually relevant narratives that humans can easily understand.
Sizing and Forecast
The natural language generation (NLG) market size has grown exponentially in recent years. It will grow from $0.72 billion in 2023 to $0.88 billion in 2024 at a compound annual growth rate (CAGR) of 22.0%. The growth in the historic period can be attributed to Increased data availability, rise of big data analytics, improvements in natural language processing (NLP), demand for data-driven insights, and integration with business intelligence (BI) tools.
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/natural-language-generation-nlg-global-market-report
Segmentation & Regional Insights
The natural language generation (nlg) market covered in this report is segmented –
1) By Deployment: On-Premise, Cloud
2) By Organization Size: Small and Medium Enterprises (SMEs), Large Enterprises
3) By Application: Fraud Detection, Predictive Maintenance, Risk And Compliance Management, Performance Management
4) By Vertical: Banking, Financial Services And Insurance (BFSI), Retail And Ecommerce, Government And Defense, Healthcare And Life Sciences, Manufacturing, Telecom, IT, Media And Entertainment, Energy And Utilities
North America was the largest region in the natural language generation (NLG) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the natural language generation (nlg) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13884&type=smp
Major Driver Impacting Market Growth
Increasing volume and variety of data are expected to propel the growth of the natural language generation (NLG) market going forward. Volume and variety of data refers to the immense quantity and diverse types of information generated, collected, and processed by systems, applications, and devices, reflecting the ever-growing scale and heterogeneity of data in each context. Natural Language Generation (NLG) is used to effectively communicate insights from the increasing volume and variety of data by transforming complex datasets into coherent and understandable narratives, enabling businesses to derive meaningful information and make informed decisions in a more accessible and human-readable format. For instance, in February 2023, G2.com, a US-based software marketplace company, revealed that 87.8% of companies increased their data investments, which is 41% up from 2022. Therefore, the increasing volume and variety of data are driving the next language generation market.
Key Industry Players
Major companies operating in the natural language generation (nlg) market report are Amazon.com Inc., Alphabet Inc., Microsoft Corporation, International Business Machines Corporation, Deloitte Touche Tohmatsu Limited, Oracle Corporation, SAP SE, NVIDIA Corporation, Infosys Limited, Baidu Inc., SAS Institute Inc., Conversica Inc., Automated Insights Inc., OpenAI Inc., Narrative Science Inc., Persado Inc., Arria NLG plc, Hugging Face Inc., Retresco GmbH, AX Semantics GmbH, vPhrase Analytics Solutions Pvt. Ltd., Yseop SA, Phrasetech, Narrativa, Gabriele Sarti
The natural language generation (nlg) market report table of contents includes:
1. Executive Summary
2. Natural Language Generation (NLG) Market Characteristics
3. Natural Language Generation (NLG) Market Trends And Strategies
4. Natural Language Generation (NLG) Market – Macro Economic Scenario
5. Global Natural Language Generation (NLG) Market Size and Growth
…..
32. Global Natural Language Generation (NLG) Market Competitive Benchmarking
33. Global Natural Language Generation (NLG) Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Natural Language Generation (NLG) Market
35. Natural Language Generation (NLG) Market Future Outlook and Potential Analysis
36. Appendix
Explore the trending research reports from TBRC:
https://www.thebusinessresearchcompany.com/report/natural-language-processing-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
