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PUBLISHER: Grand View Research | PRODUCT CODE: 1571678
PUBLISHER: Grand View Research | PRODUCT CODE: 1571678
Natural Language Generation Market Size, Share & Trends Analysis Report By Solution (Software, Service), By Application, By Deployment Model, By Enterprise Size, By Verticals, By Region, And Segment Forecasts, 2024 - 2030
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Natural Language Generation Market Growth & Trends:
The global natural language generation market size is expected to reach USD 2.5 billion by 2030, registering to grow at a CAGR of 21.8% from 2024 to 2030 according to a new report by Grand View Research, Inc. The NLG technique deals with the production and generation of speech and text. There is a wide range of applications of natural language generation such as the conversion of an analytics report in natural language, which can be directly embedded within a dashboard and used to deliver critical insights to more people within an organization quickly. NLG-based tools are finding applications across an increasing set of applications as companies realize the vast benefits of these tools in gaining easy access to rich business information that can help in making data-driven decisions.
An increased use of NLG tools is being found in chatbots. The natural language processing capabilities of these tools make chatbots interact more humanly. NLG enables chatbots to deliver personalized user experience for resolution of a query, booking a complaint, or virtual assistance for processes done online, which enables businesses to enhance their customer experience. NLG capabilities also help create technical as well as non-technical content such as product description, contracts, and internal communications with much ease and at a lower cost.
The adoption of NLG has helped in increasing business efficiency across various business processes. This has significantly increased the adoption of natural language generation across several sectors. The NLG market is likely to significantly benefit from the rising demand for NLG tools in the banking, financial services, and insurance sector in the near future.
Natural Language Generation Market Report Highlights:
- The software segment dominated the market with a market share of 66.3% in 2023. Natural language generation software helps data analysis scientists and non-technical people process information and data with the help of deep learning and helps generate actionable insights based on digital data. This application of natural language generation in various industries and the launch of advanced solutions is expected to drive segmental growth demand over the forecast period.
- The risk & compliance management segment accounted for the largest market share of 23.0% in 2023. NLG plays a crucial role in automating the generation of reports, alerts, and insights to ensure regulatory compliance and manage risks effectively.
- The cloud segment was the most dominant segment, with a global market share of 67.0% in 2023. Benefits offered by the cloud deployment, such as quick setup, low operational cost, and flexibility in pricing models, are major factors driving the market growth.
- Large enterprises dominated the market and accounted for a market share of hold the most dominant position with a global market share of 67.4% in 2023.
- The BFSI segment dominated the market and accounted for a market share of 21.8% in 2023. The natural language generation in the BFSI sector can help automate financial reports, create regulatory compliance documents, and enhance customer service through automated responses.
Product Code: GVR-3-68038-804-6
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Natural Language Generation Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.4. Natural Language Generation Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
- 3.4.1. Porter's Analysis
Chapter 4. Natural Language Generation Market: Solution Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Natural Language Generation Market: Solution Movement Analysis, USD Million, 2023 & 2030
- 4.3. Software
- 4.3.1. Software Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Services
- 4.4.1. Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Natural Language Generation Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Natural Language Generation Market: Application Movement Analysis, USD Million, 2023 & 2030
- 5.3. Fraud Detection & Anti-Money Laundering
- 5.3.1. Fraud Detection & Anti-Money Laundering Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Predictive Maintenance
- 5.4.1. Predictive Maintenance Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Risk & Compliance Management
- 5.5.1. Risk & Compliance Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. Performance Management
- 5.6.1. Performance Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.7. Customer Experience Management
- 5.7.1. Customer Experience Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.8. Others
- 5.8.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Natural Language Generation Market: Deployment Model Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Natural Language Generation Market: Deployment Model Movement Analysis, USD Million, 2023 & 2030
- 6.3. On-premises
- 6.3.1. On-premises Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Cloud
- 6.4.1. Cloud Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Natural Language Generation Market: Enterprises Size Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Natural Language Generation Market: Enterprises Size Movement Analysis, USD Million, 2023 & 2030
- 7.3. Small & Medium Sized Enterprises
- 7.3.1. Small & Medium Sized Enterprises Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Large Enterprises
- 7.4.1. Large Enterprises Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Natural Language Generation Market: Verticals Estimates & Trend Analysis
- 8.1. Segment Dashboard
- 8.2. Natural Language Generation Market: Verticals Movement Analysis, USD Million, 2023 & 2030
- 8.3. BFSI
- 8.3.1. BFSI Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4. Retail and Ecommerce
- 8.4.1. Retail and Commerce Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5. Government & Defense
- 8.5.1. Government & Defense Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6. Healthcare & Life Sciences
- 8.6.1. Healthcare & Life Sciences Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.7. Manufacturing
- 8.7.1. Manufacturing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.8. Telecom and IT
- 8.8.1. Telecom and IT Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.9. Media and Entertainment
- 8.9.1. Media and Entertainment Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.10. Energy and Utilities
- 8.10.1. Energy and Utilities Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.11. Others
- 8.11.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 9. Natural Language Generation Market: Regional Estimates & Trend Analysis
- 9.1. Natural Language Generation Market Share, By Region, 2023 & 2030, USD Million
- 9.2. North America
- 9.2.1. North America Natural Language Generation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.2.2. U.S.
- 9.2.2.1. U.S. Natural Language Generation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.2.3. Canada
- 9.2.3.1. Canada Natural Language Generation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.2.4. Mexico
- 9.2.4.1. Mexico Natural Language Generation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.3. Europe
- 9.3.1. Europe Natural Language Generation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.3.2. U.K.
- 9.3.2.1. U.K. Natural Language Generation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.3.3. Germany
- 9.3.3.1. Germany Natural Language Generation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.3.4. France
- 9.3.4.1. France Natural Language Generation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4. Asia Pacific
- 9.4.1. Asia Pacific Natural Language Generation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4.2. China
- 9.4.2.1. China Natural Language Generation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4.3. Japan
- 9.4.3.1. Japan Natural Language Generation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4.4. India
- 9.4.4.1. India Natural Language Generation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4.5. South Korea
- 9.4.5.1. South Korea Natural Language Generation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4.6. Australia
- 9.4.6.1. Australia Natural Language Generation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.5. Latin America
- 9.5.1. Latin America Natural Language Generation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.5.2. Brazil
- 9.5.2.1. Brazil Natural Language Generation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.6. Middle East and Africa
- 9.6.1. Middle East and Africa Natural Language Generation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.6.2. Saudi Arabia
- 9.6.2.1. Saudi Arabia Natural Language Generation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.6.3. UAE
- 9.6.3.1. UAE Natural Language Generation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.6.4. South Africa
- 9.6.4.1. South Africa Natural Language Generation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 10. Competitive Landscape
- 10.1. Recent Developments & Impact Analysis by Key Market Participants
- 10.2. Company Categorization
- 10.3. Company Heat Map Analysis
- 10.4. Company Profiles
- 10.4.1. AWS
- 10.4.1.1. Participant's Overview
- 10.4.1.2. Financial Performance
- 10.4.1.3. Product Benchmarking
- 10.4.1.4. Recent Developments/ Strategic Initiatives
- 10.4.2. Salesforce, Inc.
- 10.4.2.1. Participant's Overview
- 10.4.2.2. Financial Performance
- 10.4.2.3. Product Benchmarking
- 10.4.2.4. Recent Developments/ Strategic Initiatives
- 10.4.3. ARRIA NLG Limited.
- 10.4.3.1. Participant's Overview
- 10.4.3.2. Financial Performance
- 10.4.3.3. Product Benchmarking
- 10.4.3.4. Recent Developments/ Strategic Initiatives
- 10.4.4. Yseop
- 10.4.4.1. Participant's Overview
- 10.4.4.2. Financial Performance
- 10.4.4.3. Product Benchmarking
- 10.4.4.4. Recent Developments/ Strategic Initiatives
- 10.4.5. Veritone, Inc.
- 10.4.5.1. Participant's Overview
- 10.4.5.2. Financial Performance
- 10.4.5.3. Product Benchmarking
- 10.4.5.4. Recent Developments/ Strategic Initiatives
- 10.4.6. vPhrase.
- 10.4.6.1. Participant's Overview
- 10.4.6.2. Financial Performance
- 10.4.6.3. Product Benchmarking
- 10.4.6.4. Recent Developments/ Strategic Initiatives
- 10.4.7. Retresco GmbH
- 10.4.7.1. Participant's Overview
- 10.4.7.2. Financial Performance
- 10.4.7.3. Product Benchmarking
- 10.4.7.4. Recent Developments/ Strategic Initiatives
- 10.4.8. STATS LLC
- 10.4.8.1. Participant's Overview
- 10.4.8.2. Financial Performance
- 10.4.8.3. Product Benchmarking
- 10.4.8.4. Recent Developments/ Strategic Initiatives
- 10.4.1. AWS
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