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 (2020– 2027), considering 2019 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:
- 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:
- Global Natural Language Generation Market, By Organization Size:
- 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:
- By Application:
- Fraud Detection and Anti-Money Laundering
- Predictive Maintenance
- Risk & Compliance Management
- Performance Management
- Customer Experience Management
- Others
- By Deployment:
- By Organization Size:
- 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:
- Europe
- By Component:
- By Application:
- Fraud Detection and Anti-Money Laundering
- Predictive Maintenance
- Risk & Compliance Management
- Performance Management
- Customer Experience Management
- Others
- By Deployment:
- By Organization Size:
- 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:
- By Application:
- Fraud Detection and Anti-Money Laundering
- Predictive Maintenance
- Risk & Compliance Management
- Performance Management
- Customer Experience Management
- Others
- By Deployment:
- By Organization Size:
- 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:
- By Application:
- Fraud Detection and Anti-Money Laundering
- Predictive Maintenance
- Risk & Compliance Management
- Performance Management
- Customer Experience Management
- Others
- By Deployment:
- By Organization Size:
- 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:
- By Application:
- Fraud Detection and Anti-Money Laundering
- Predictive Maintenance
- Risk & Compliance Management
- Performance Management
- Customer Experience Management
- Others
- By Deployment:
- By Organization Size:
- 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.
