According to the Regional Research Reports, the global Natural Language Generation (NLG) Software market size was valued at USD 559.9 million in 2021 and is estimated to grow to reach over USD 1245.2 million by 2030 at a CAGR of 20.12% over the forecast period (2022-2030).
Natural Language Generation (NLG) Software Market Definition
Natural language generation (NLG) is the process of artificial intelligence interpreting data and presenting or displaying the data in a digestible, easily understood manner. These tools are used when processing large data sets, structured or unstructured, to create business actions based on the data. The data is presented as a written report or a dashboard of charts and graphs, among other presentation types. The generation is entirely done by artificial intelligence and is best aligned with business needs of the specific user. NLG solutions can work as a tool for data scientists or analysts and in some cases even supplement the need for such positions. They can also be used by less technical job positions when attempting to apply meaning to data. Often these projects work in conjunction with a business intelligence solution or a big data analytics platform, among other software.
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Natural Language Generation (NLG) Software Market Segmentation
Global Natural Language Generation (NLG) Software Market, By Deployment Model, 2018-2021, 2022-2030 (USD Millions)
Global Natural Language Generation (NLG) Software Market Segment Percentages, By Deployment Model, 2021 (%)
- On-Premise
- Cloud
- Hybrid
Global Natural Language Generation (NLG) Software Market, By Component, 2018-2021, 2022-2030 (USD Millions)
Global Natural Language Generation (NLG) Software Market Segment Percentages, By Component, 2021 (%)
- Solution
- Services
Global Natural Language Generation (NLG) Software Market, By End User, 2018-2021, 2022-2030 (USD Millions)
Global Natural Language Generation (NLG) Software Market Segment Percentages, By End User, 2021 (%)
- Small Business
- Mid Market
- Enterprise
Global Natural Language Generation (NLG) Software Market, By Industry, 2018-2021, 2022-2030 (USD Millions)
Global Natural Language Generation (NLG) Software Market Segment Percentages, By Industry, 2021 (%)
- BFSI
- Healthcare
- Energy & Utility
- IT & Telecommunication
- Retail & E-commerce
- Manufacturing
- Government & Defense
- Media & Entertainment
- Others
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Global Natural Language Generation (NLG) Software Market, By Region and Country, 2018-2021, 2022-2030 (USD Millions)
Global Natural Language Generation (NLG) Software Market Segment Percentages, By Region and Country, 2021 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- The U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of the Middle East & Africa
Analysis on leading market companies and participants, including:
- Key companies Natural Language Generation (NLG) Software revenues in the global market, 2018-2021 (Estimated), (USD Millions)
- Key companies Natural Language Generation (NLG) Software revenues share in global market, 2021 (%)
- Key companies Natural Language Generation (NLG) Software sales in the global market, 2018-2021 (Estimated), (MT)
- Key companies Natural Language Generation (NLG) Software sales share in global market, 2021 (%)
Further, the report deatiled out about the leading competitors in the market, namely:
- vPhrase
- AX Semantics
- Wordsmith
- Article Forge
- Quill
- Persado
- Textengine.io
- Arria
- BeyondWords
- Alana
- Magnet
- Trinity Audio
- Contentyze
- Curo Speech
- NLP AI
- ServisBOT
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Market Scope
The research study provides an in-depth analysis of the Natural Language Generation (NLG) Software market along with the current market trends and future estimations to elucidate the imminent investment pockets. Information about key drivers, restraints, and opportunities and their impact analysis on the market size is provided. Porter’s five forces analysis illuminates the potency of suppliers and buyers operating in the market. The quantitative analysis of the Natural Language Generation (NLG) Software market from 2022 to 2030 is provided to determine the market potential.
This report also contains the market size, untapped opportunity index, and forecasts of Natural Language Generation (NLG) Software in the global market, including the following market information:
- Global Natural Language Generation (NLG) Software Market Revenue, 2018-2021, 2022-2030, (USD Millions)
- Global Natural Language Generation (NLG) Software Market Sales, 2018-2021, 2022-2030, (Units)
- Global top five Natural Language Generation (NLG) Software companies in 2021 (%)
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