Maratha Headlines

Natural Language Generation (NLG) Market To Record A CAGR of 19.8% By 2025 – Technological Overview, Financial Performance Of Key Players and Value Chain Analysis By Million Insights

 Breaking News
  • No posts were found

Natural Language Generation (NLG) Market To Record A CAGR of 19.8% By 2025 – Technological Overview, Financial Performance Of Key Players and Value Chain Analysis By Million Insights

October 04
07:27 2021
Natural Language Generation (NLG) Market To Record A CAGR of 19.8% By 2025 - Technological Overview, Financial Performance Of Key Players and Value Chain Analysis By Million Insights
Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global natural language generation industry research report offers thorough insights on solutions, applications, verticals, and growth opportunities. It also offers ready, data-driven answers to several industry-level questions.

The global natural language generation market size is estimated to be worth USD 1,150.9 million by 2025, according to a new report by Million Insights. The industry is expected to witness substantial growth with a CAGR of 19.8% over the forecast period. The NLG solution handles the generation and production of text and speech. Wide uses of natural language generation like converting the analytics report into natural language that can be incorporated across a dashboard and finally deliver important insights to a higher reach of a company swiftly. NLG-enabled techniques are highly adopted due to higher benefits of these techniques among companies in acquiring ease of access to critical business insights that can aid data-driven decision making.

The extensive adoption of NLG techniques is observed in chatbots. The processing features of NLG tools enhance the interaction abilities of chatbots. They further allow chatbots to provide customized user experience for booking a complaint, virtual aid for processes done online, or resolution of a query, which strengthens business potential and customer experience. Furthermore, NLG tools support creating non-technical and technical content like contracts, internal communications and product description with higher ease and lower costs.

To download the sample PDF of “Natural Language Generation Market” Report please click here: https://www.millioninsights.com/industry-reports/global-natural-language-generation-nlg-market/request-sample 

 

The use of NLG has strengthened business efficiency of several business processes. The natural language generation (NLG) market is expected to substantially grow due to the increasing demand for NLG tools in the financial services, insurance, and banking sector over the forecast period. 

 

To browse report summary & detailed TOC, please click the link below: https://www.millioninsights.com/industry-reports/global-natural-language-generation-nlg-market

Further key findings from the report suggest:

• The rising use of NLG tools in sectors like marketing analytics, machine learning, and sales analytics are poised to surge market growth in the upcoming years.

• Surging R&D activities to open potentials of natural language generation across different sectors like weather forecasting, journalism, and medicine are few of the major trends in the industry.

• Increasing development of NLG in company giants that generate huge volumes of data is expected to support market growth. The segment is anticipated to maintain its lead based on the size of enterprise from 2019 to 2025.

• North America held the largest share in the market in 2018. Asia Pacific is expected to grow at the highest CAGR over the forecast period.

• Major players include IBM Corporation, ARRIA NLG plc, Narrative Science, Phrasetech, Yseop, Artificial Solutions, Automated Insights, Inc., CoGenTex, Inc., Retresco, and AX Semantics.

Million Insights has segmented the global natural language generation market on the basis of solution, application, deployment model, enterprise size, vertical and region:

Natural Language Generation Solution Outlook (Revenue, USD Million, 2014 – 2025)

    • Software

    • Services

Natural Language Generation Application Outlook (Revenue, USD Million, 2014 – 2025)

    • Fraud Detection and Anti-Money Laundering

    • Predictive Maintenance

    • Risk & Compliance Management

    • Performance Management

    • Customer Experience Management

    • Others

Natural Language Generation Deployment Model Outlook (Revenue, USD Million, 2014 – 2025)

    • On-premise

    • Cloud

Natural Language Generation Enterprise Size Outlook (Revenue, USD Million, 2014 – 2025)

    • Small and Medium-Sized Enterprises

    • Large Enterprises

Natural Language Generation Vertical Outlook (Revenue, USD Million, 2014 – 2025)

    • Banking, Financial Services, and Insurance

    • Retail and Ecommerce

    • Government and Defense

    • Healthcare and Life Sciences

    • Manufacturing

    • Telecom and IT

    • Media and Entertainment

    • Energy and Utilities

    • Others

Natural Language Generation Regional Outlook (Revenue, USD Million, 2014 – 2025)

    • North America

        • U.S.

        • Canada

        • Mexico

    • Europe

        • Germany

        • U.K.

        • France

    • Asia Pacific

        • China

        • Japan

        • India

    • South America

        • Brazil

    • Middle East and Africa (MEA)

Browse latest market research reports available with Million Insights:

• Intelligent Virtual Assistant Market: With reference to the report published, the global intelligent virtual assistant market was prized by USD 5.82 billion in 2020. It is estimated to witness a 28.5% CAGR from 2021 to 2028.

• Legal Cannabis Market: The global legal cannabis market was prized by USD 12.8 billion in 2020. It is estimated to witness 26.3% CAGR from 2021 to 2028.

About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/global-natural-language-generation-nlg-market