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Natural Language Generation (NLG) Market Share and New Trends Analysis: By Its Type, Application, End-use and Forecast for period from 2024 to 2031

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The "Natural Language Generation (NLG) Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Natural Language Generation (NLG) market is expected to grow annually by 12.2% (CAGR 2024 - 2031).

This entire report is of 140 pages.

Natural Language Generation (NLG) Introduction and its Market Analysis

The Natural Language Generation (NLG) market is experiencing significant growth due to increasing demand for automated content generation in various industries. NLG technology transforms structured data into human-like text, catering to a wide range of applications such as business reporting, customer service, and personalized marketing. Key market players including Arria NLG, AWS, IBM, and Narrative Science are driving revenue growth through innovative solutions and strategic partnerships. The market is highly competitive as companies like Yseop, Retresco, and Artificial Solutions continue to expand their offerings. The report suggests that advancements in AI and big data analytics will further fuel the growth of the NLG market. Recommendations include investing in R&D to enhance NLG capabilities and targeting emerging industries for market expansion.

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The Natural Language Generation (NLG) market is experiencing tremendous growth across various industries, including BFSI, Retail and eCommerce, Government and Defense, Healthcare and Life Sciences, Manufacturing, Energy and Utilities, Telecom and IT, Media and Entertainment, and others. NLG technology is being utilized in both on-premises and cloud-based applications to automatically generate human-like text from structured data.

In terms of regulatory and legal factors, the NLG market is subject to various data protection laws and regulations, especially in industries like healthcare and finance where privacy and security are top priorities. Companies using NLG technology need to ensure compliance with regulations such as GDPR and HIPAA to protect sensitive information.

As the demand for data-driven insights and personalized customer experiences continues to grow, the NLG market is poised for significant expansion. With advancements in AI and machine learning, NLG technology is becoming more sophisticated and capable of generating high-quality content at scale. Companies across industries are investing in NLG solutions to streamline processes, improve communication, and drive business growth. As the market continues to evolve, businesses will need to stay informed on regulatory changes and legal requirements to leverage NLG technology effectively and responsibly.

Top Featured Companies Dominating the Global Natural Language Generation (NLG) Market

The Natural Language Generation (NLG) Market is becoming increasingly competitive as more companies are recognizing the value of NLG technology in various industries such as finance, healthcare, marketing, and customer service. Some of the key players in the NLG market include Arria NLG, AWS, IBM, Narrative Science, Automated Insights, Narrativa, Yseop, Retresco, Artificial Solutions, Phrasee, AX Semantics, CoGenTex, Phrasetech, NewsRx, Conversica, Natural Language Generation GmbH, Narrative Wave, vPhrase, Linguastat, and Textual Relations.

These companies utilize NLG technology to automatically generate human-like text from structured data, providing valuable insights and reports to their customers. For example, Narrative Science's advanced NLG platform, Quill, transforms data into natural language narratives, enabling organizations to make informed decisions quickly and easily. Automated Insights specializes in generating personalized content at scale, improving customer engagement and driving sales.

The sales revenue of the above-listed companies varies depending on their market presence and customer base. For example, Arria NLG reported a revenue of $12 million in 2020, highlighting the growing demand for NLG solutions. IBM, a major player in the NLG market, reported a revenue of $77 billion in 2020, with its NLG technology Watson offering advanced language capabilities to its clients.

Overall, these companies play a crucial role in driving the growth of the NLG market by providing innovative solutions that help businesses automate the generation of natural language content, improve decision-making processes, and enhance customer experiences. As the demand for NLG technology continues to rise, these companies are expected to further expand their offerings and capture a larger market share in the coming years.

  • Arria NLG
  • AWS
  • IBM
  • Narrative Science
  • Automated Insights
  • Narrativa
  • Yseop
  • Retresco
  • Artificial Solutions
  • Phrasee
  • AX Semantics
  • CoGenTex
  • Phrasetech
  • NewsRx
  • Conversica
  • Natural Language Generation GmbH
  • Narrative Wave
  • vPhrase
  • Linguastat
  • Textual Relations

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Natural Language Generation (NLG) Market Analysis, by Type:

  • On-premises
  • Cloud

On-premises NLG refers to software that is installed and run on the user's own servers, while cloud NLG is hosted on the vendor's servers and accessed through the internet. Cloud NLG is gaining popularity due to its ease of access, scalability, and cost-effectiveness. It allows businesses to quickly implement NLG solutions without the need for extensive IT infrastructure. This accessibility and flexibility contribute to the growing demand for NLG technology, as businesses of all sizes can easily leverage its benefits to enhance their communication and decision-making processes.

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Natural Language Generation (NLG) Market Analysis, by Application:

  • BFSI
  • Retail and eCommerce
  • Government and Defense
  • Healthcare and Life Sciences
  • Manufacturing
  • Energy and Utilities
  • Telecom and IT
  • Media and Entertainment
  • Others

Natural Language Generation (NLG) is used in BFSI for automated report generation, in Retail and eCommerce for product descriptions and personalized recommendations, in Government and Defense for automated document creation, in Healthcare for patient reports and summaries, in Manufacturing for quality control reports, in Energy and Utilities for maintenance reports, in Telecom and IT for chatbots and customer service, in Media and Entertainment for content automation. The fastest growing application segment in terms of revenue is Healthcare and Life Sciences, as NLG is increasingly used for medical research reports, patient communication, and pharmaceutical documentation.

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Natural Language Generation (NLG) Industry Growth Analysis, by Geography:

North America:

  • United States
  • Canada

Europe:

  • Germany
  • France
  • U.K.
  • Italy
  • Russia

Asia-Pacific:

  • China
  • Japan
  • South Korea
  • India
  • Australia
  • China Taiwan
  • Indonesia
  • Thailand
  • Malaysia

Latin America:

  • Mexico
  • Brazil
  • Argentina Korea
  • Colombia

Middle East & Africa:

  • Turkey
  • Saudi
  • Arabia
  • UAE
  • Korea

The Natural Language Generation (NLG) market is experiencing significant growth in various regions around the world. North America, particularly the United States and Canada, is expected to dominate the market due to the presence of major players and technological advancements in the region. Europe, including countries like Germany, France, the ., and Italy, is also expected to witness substantial growth. In the Asia-Pacific region, countries like China, Japan, India, and Australia are projected to contribute significantly to market growth. Latin America and the Middle East & Africa are also showing promising growth in the NLG market. The market share percent valuation is expected to be highest in North America, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

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