Natural Language Generation Market on the Rise: Expected Demand of USD 3110.07 Million by 2030

Natural Language Generation Market Overview:

The Natural Language Generation (NLG) market is projected to reach US$ 3110.07 million by 2030, driven by its role in converting data into natural language for analytics and business intelligence. This report analyzes key market segments (Solution, Application, Business Function, Deployment Mode, Organization Size, Vertical, and Region) and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). Covering 2018-2023, it explores market drivers, challenges, and competitive dynamics, offering investment insights based on current market trends.

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Natural Language Generation Market Dynamics:

The Natural Language Generation (NLG) market is rapidly growing, driven by AI technologies like machine learning that enhance data-driven insights. NLG software, powered by AI, automates the creation of text and information, improving efficiency and personalized marketing. Companies are continuously advancing NLG products, integrating written and visual data analysis for better outcomes. The democratization of AI tools by big corporations, such as Google, is making these technologies more accessible, further fueling market growth. This trend is expected to continue during the forecast period.

Natural Language Generation Market Regional Analysis:

The North American Natural Language Generation (NLG) Market is set to lead by 2030 due to advanced technology adoption and significant investment, such as NextStage AM's funding of Yseop. Meanwhile, Asia Pacific will experience rapid growth driven by cloud technology adoption and a focus on enhanced consumer services.

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Natural Language Generation Market Scope:

Market Size in 2023: USD 828.51 Mn.
Market Size in 2030: USD 3110.07 Mn.
CAGR: 20.8% (2024-2030)
Forecast Period: 2024-2030
Base Year: 2023
Number of Pages: 289
No. of Tables: 105
No. of Charts and Figures: 117
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage Market Share, Size & Forecast by Revenue | 2024-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.

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Natural Language Generation Market Segmentation:

By Solution

• Software
• Services

By Application

• Fraud Detection and Anti-Money Laundering
• Predictive Maintenance
• Risk & Compliance Management
• Performance Management
• Customer Experience Management
• Others

By Business Function

• Finance
• Legal
• Operations
• HR
• Marketing and Sales

By Deployment Mode

• Cloud
• On-Premise

By Organization Size

• Small and Medium-Sized Enterprises
• Large Enterprises

By Vertical

• Banking, Financial Services, and Insurance (BFSI)
• Retail and e-commerce
• Government and Defence
• Healthcare and Life Sciences
• Manufacturing
• Others

Natural Language Generation Market Key Players

• Arria NLG (UK)
• Yseop (France)
• Narrative Science (US)
• Automated Insights (US)
• Retresco (Germany)
• CoGenTex (US)
• Phrasetech (Israel)
• Veritone (US)
• NewsRx (US)
• Conversica (US)
• Narrtiva (UAE)
• 2txt - natural language generation GmbH (Germany)
• AX Semantics (Germany)
• AWS (US)
• IBM (US)
• Narrative Wave (US)
• Artificial Solutions (Spain)
• vPhrase (India)
• Linguastat (US)

𝐅𝐨𝐫 𝐚 𝐝𝐞𝐞𝐩𝐞𝐫 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤: https://www.maximizemarketresearch.com/market-report/global-natural-language-generation-nlg-market/7186/

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