This report provides a comprehensive analysis of the Global Natural Language Generation Market, including historical market sizes from 2019 to 2022 and forecasts for 2024 to 2031. The market is estimated to be valued at USD 675.3 million in 2023 and is projected to grow to approximately USD 4751.29 Million by 2031, reflecting a compound annual growth rate (CAGR) of 21.5 % during the forecast period. This growth underscores the increasing demand for advanced data management solutions and highlights the importance of technological innovations in the sector.
Natural Language Generation (NLG) is the use of artificial intelligence (AI) programming to produce written or spoken narratives from a data set. NLG is related to human-to-machine and machine-to-human interaction, including computational linguistics, natural language processing (NLP) and natural language understanding (NLU).
The Natural Language Generation (NLG) market is driven by the rising demand for automated content creation and improved customer engagement. Challenges include ensuring the accuracy and context-awareness of generated content, as well as addressing ethical concerns around misinformation. Opportunities are emerging in sectors like marketing, healthcare, and finance, where tailored content can enhance decision-making. Trends include the integration of NLG with AI and machine learning technologies, leading to more sophisticated and human-like communication capabilities.
Top Companies in the Global Natural Language Generation Market: ARRIA NLG Limited, Amazon Web Services, Inc., IBM Corporation, Salesforce, Inc., Yseop, Veritone, Inc., Conversica, Inc., Google Cloud, Stats Perform, others.
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The Natural Language Generation market can be divided based on product types and its sub-type, major applications and Third-Party usage area, and important regions.
By Component-
Software
Services
By Deployment-
On premises
Cloud
By Organization Size–
Large Enterprises
Small and Medium Enterprises
By Application-
Fraud Detection and Anti-Money Laundering
Predictive Maintenance
Risk and Compliance Management
Performance Management
Customer Experience Management
By End User-
Media and Entertainment
Healthcare
Energy and Utilities
Transportation
Architecture and engineering
Government and Defense
Business opportunities of Natural Language Generation Market in the following regions and countries:
North America (USA, Canada and Mexico)
Europe (Germany, Great Britain, France, Italy, Russia, Spain and Benelux countries)
Asia Pacific (China, Japan, India, Southeast Asia, and Australia)
Latin America (Brazil, Argentina and Colombia)
Remaining Countries
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