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PUBLISHER: KBV Research | PRODUCT CODE: 1565276
PUBLISHER: KBV Research | PRODUCT CODE: 1565276
North America Natural Language Generation Market Size, Share & Trends Analysis Report By Enterprise Size, By Application, By Solutions, By Deployment, By Vertical, By Country and Growth Forecast, 2024 - 2031
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The North America Natural Language Generation Market would witness market growth of 20.6% CAGR during the forecast period (2024-2031).
The US market dominated the North America Natural Language Generation Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $706.3 million by 2031. The Canada market is experiencing a CAGR of 23% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 22.1% during (2024 - 2031).
This technology finds applications across various industries, demonstrating its versatility and capability to address diverse needs. For instance, NLG automates the generation of complex financial reports, transforming raw data from spreadsheets into comprehensive summaries highlighting trends, variances, and forecasts, making it easier for stakeholders to grasp financial health quickly. NLG can streamline the creation of legal documents, such as contracts and briefs, by automatically populating templates with relevant data and legal jargon, reducing the time lawyers spend drafting and increasing accuracy.
Similarly, NLG systems generate tailored marketing messages based on individual customer data, including purchase history and browsing behavior, enabling companies to deliver personalized recommendations and promotional content at scale. NLG tools can create engaging posts and responses for social media platforms, helping brands maintain an active presence by automating content generation and ensuring timely interactions with followers.
The rapid expansion of the e-commerce sector in Mexico is significantly influencing this market as businesses increasingly seek to enhance customer engagement and optimize their operations. According to the International Trade Administration (ITA), the domestic e-commerce industry was valued at USD 26.2 billion in 2022, marking a substantial 23 percent increase from the previous year. The increasing investment in the healthcare sector in Canada is significantly impacting this market, presenting numerous opportunities for innovation and efficiency within the industry. According to the Government of Canada, a substantial investment of $196.1 billion over ten years has been allocated, including $46.2 billion in new funding to enhance healthcare services across provinces and territories. This financial commitment underscores a national priority to improve health outcomes, streamline processes, and ultimately enhance the patient experience. Thus, the expansion of Mexico's e-commerce industry and significant investment in Canada's healthcare sector present significant opportunities for the natural language generation market.
Based on Enterprise Size, the market is segmented into Large Enterprise and Small & Medium Enterprise (SME). Based on Application, the market is segmented into Risk & Compliance Management, Customer Experience Management, Fraud Detection & Anti-Money Laundering (AML), Predictive Maintenance, Performance Management, and Other Application. Based on Solutions, the market is segmented into Software and Service. Based on Deployment, the market is segmented into Cloud and On-premises. Based on Vertical, the market is segmented into Banking, Financial Services & Insurance, Manufacturing, Retail & Ecommerce, Government & Defense, Telecom & IT, Healthcare & Lifesciences, Energy & Utilities, Media & Entertainment, and Other Vertical. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- IBM Corporation
- Microsoft Corporation
- Google LLC (Alphabet Inc.)
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- SAS Institute Inc.
- Salesforce, Inc.
- Arria NLG Limited
- vPhrase
- Retresco GmbH
- Yseop
North America Natural Language Generation Market Report Segmentation
By Enterprise Size
- Large Enterprise
- Small & Medium Enterprise (SME)
By Application
- Risk & Compliance Management
- Customer Experience Management
- Fraud Detection & Anti-Money Laundering (AML)
- Predictive Maintenance
- Performance Management
- Other Application
By Solutions
- Software
- Service
By Deployment
- Cloud
- On-premises
By Vertical
- Banking, Financial Services & Insurance
- Manufacturing
- Retail & Ecommerce
- Government & Defense
- Telecom & IT
- Healthcare & Lifesciences
- Energy & Utilities
- Media & Entertainment
- Other Vertical
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Natural Language Generation Market, by Enterprise Size
- 1.4.2 North America Natural Language Generation Market, by Application
- 1.4.3 North America Natural Language Generation Market, by Solutions
- 1.4.4 North America Natural Language Generation Market, by Deployment
- 1.4.5 North America Natural Language Generation Market, by Vertical
- 1.4.6 North America Natural Language Generation Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Product Launches and Product Expansions : 2023, Mar - 2024, Jun) Leading Players
- 4.5 Porter Five Forces Analysis
Chapter 5. North America Natural Language Generation Market by Enterprise Size
- 5.1 North America Large Enterprise Market by Region
- 5.2 North America Small & Medium Enterprise (SME) Market by Region
Chapter 6. North America Natural Language Generation Market by Application
- 6.1 North America Risk & Compliance Management Market by Country
- 6.2 North America Customer Experience Management Market by Country
- 6.3 North America Fraud Detection & Anti-Money Laundering (AML) Market by Country
- 6.4 North America Predictive Maintenance Market by Country
- 6.5 North America Performance Management Market by Country
- 6.6 North America Other Application Market by Country
Chapter 7. North America Natural Language Generation Market by Solutions
- 7.1 North America Software Market by Country
- 7.2 North America Service Market by Country
Chapter 8. North America Natural Language Generation Market by Deployment
- 8.1 North America Cloud Market by Country
- 8.2 North America On-premises Market by Country
Chapter 9. North America Natural Language Generation Market by Vertical
- 9.1 North America Banking, Financial Services & Insurance Market by Country
- 9.2 North America Manufacturing Market by Country
- 9.3 North America Retail & Ecommerce Market by Country
- 9.4 North America Government & Defense Market by Country
- 9.5 North America Telecom & IT Market by Country
- 9.6 North America Healthcare & Lifesciences Market by Country
- 9.7 North America Energy & Utilities Market by Country
- 9.8 North America Media & Entertainment Market by Country
- 9.9 North America Other Vertical Market by Country
Chapter 10. North America Natural Language Generation Market by Country
- 10.1 US Natural Language Generation Market
- 10.1.1 US Natural Language Generation Market by Enterprise Size
- 10.1.2 US Natural Language Generation Market by Application
- 10.1.3 US Natural Language Generation Market by Solutions
- 10.1.4 US Natural Language Generation Market by Deployment
- 10.1.5 US Natural Language Generation Market by Vertical
- 10.2 Canada Natural Language Generation Market
- 10.2.1 Canada Natural Language Generation Market by Enterprise Size
- 10.2.2 Canada Natural Language Generation Market by Application
- 10.2.3 Canada Natural Language Generation Market by Solutions
- 10.2.4 Canada Natural Language Generation Market by Deployment
- 10.2.5 Canada Natural Language Generation Market by Vertical
- 10.3 Mexico Natural Language Generation Market
- 10.3.1 Mexico Natural Language Generation Market by Enterprise Size
- 10.3.2 Mexico Natural Language Generation Market by Application
- 10.3.3 Mexico Natural Language Generation Market by Solutions
- 10.3.4 Mexico Natural Language Generation Market by Deployment
- 10.3.5 Mexico Natural Language Generation Market by Vertical
- 10.4 Rest of North America Natural Language Generation Market
- 10.4.1 Rest of North America Natural Language Generation Market by Enterprise Size
- 10.4.2 Rest of North America Natural Language Generation Market by Application
- 10.4.3 Rest of North America Natural Language Generation Market by Solutions
- 10.4.4 Rest of North America Natural Language Generation Market by Deployment
- 10.4.5 Rest of North America Natural Language Generation Market by Vertical
Chapter 11. Company Profiles
- 11.1 IBM Corporation
- 11.1.1 Company Overview
- 11.1.2 Financial Analysis
- 11.1.3 Regional & Segmental Analysis
- 11.1.4 Research & Development Expenses
- 11.1.5 Recent strategies and developments:
- 11.1.5.1 Product Launches and Product Expansions:
- 11.1.6 SWOT Analysis
- 11.2 Microsoft Corporation
- 11.2.1 Company Overview
- 11.2.2 Financial Analysis
- 11.2.3 Segmental and Regional Analysis
- 11.2.4 Research & Development Expenses
- 11.2.5 SWOT Analysis
- 11.3 Google LLC (Alphabet Inc.)
- 11.3.1 Company Overview
- 11.3.2 Financial Analysis
- 11.3.3 Segmental and Regional Analysis
- 11.3.4 Research & Development Expense
- 11.3.5 Recent strategies and developments:
- 11.3.5.1 Product Launches and Product Expansions:
- 11.3.6 SWOT Analysis
- 11.4 Amazon Web Services, Inc. (Amazon.com, Inc.)
- 11.4.1 Company Overview
- 11.4.2 Financial Analysis
- 11.4.3 Segmental Analysis
- 11.4.4 Recent strategies and developments:
- 11.4.4.1 Partnerships, Collaborations, and Agreements:
- 11.4.4.2 Product Launches and Product Expansions:
- 11.4.5 SWOT Analysis
- 11.5 SAS Institute, Inc.
- 11.5.1 Company Overview
- 11.5.2 Recent strategies and developments:
- 11.5.2.1 Product Launches and Product Expansions:
- 11.5.3 SWOT Analysis
- 11.6 Salesforce, Inc.
- 11.6.1 Company Overview
- 11.6.2 Financial Analysis
- 11.6.3 Regional Analysis
- 11.6.4 Research & Development Expenses
- 11.6.5 Recent strategies and developments:
- 11.6.5.1 Partnerships, Collaborations, and Agreements:
- 11.6.5.2 Product Launches and Product Expansions:
- 11.6.6 SWOT Analysis
- 11.7 Arria NLG Limited
- 11.7.1 Company Overview
- 11.7.2 Recent strategies and developments:
- 11.7.2.1 Product Launches and Product Expansions:
- 11.7.2.2 Acquisition and Mergers:
- 11.7.3 SWOT Analysis
- 11.8 vPhrase
- 11.8.1 Company Overview
- 11.8.2 SWOT Analysis
- 11.9 Retresco GmbH
- 11.9.1 Company Overview
- 11.9.2 SWOT Analysis
- 11.10. Yseop
- 11.10.1 Company Overview
- 11.10.2 Recent strategies and developments:
- 11.10.2.1 Product Launches and Product Expansions:
- 11.10.3 SWOT Analysis
LIST OF TABLES
- TABLE 1 North America Natural Language Generation Market, 2020 - 2023, USD Million
- TABLE 2 North America Natural Language Generation Market, 2024 - 2031, USD Million
- TABLE 3 Partnerships, Collaborations and Agreements- Natural Language Generation Market
- TABLE 4 Product Launches And Product Expansions- Natural Language Generation Market
- TABLE 5 Acquisition and Mergers- Natural Language Generation Market
- TABLE 6 North America Natural Language Generation Market by Enterprise Size, 2020 - 2023, USD Million
- TABLE 7 North America Natural Language Generation Market by Enterprise Size, 2024 - 2031, USD Million
- TABLE 8 North America Large Enterprise Market by Region, 2020 - 2023, USD Million
- TABLE 9 North America Large Enterprise Market by Region, 2024 - 2031, USD Million
- TABLE 10 North America Small & Medium Enterprise (SME) Market by Region, 2020 - 2023, USD Million
- TABLE 11 North America Small & Medium Enterprise (SME) Market by Region, 2024 - 2031, USD Million
- TABLE 12 North America Natural Language Generation Market by Application, 2020 - 2023, USD Million
- TABLE 13 North America Natural Language Generation Market by Application, 2024 - 2031, USD Million
- TABLE 14 North America Risk & Compliance Management Market by Country, 2020 - 2023, USD Million
- TABLE 15 North America Risk & Compliance Management Market by Country, 2024 - 2031, USD Million
- TABLE 16 North America Customer Experience Management Market by Country, 2020 - 2023, USD Million
- TABLE 17 North America Customer Experience Management Market by Country, 2024 - 2031, USD Million
- TABLE 18 North America Fraud Detection & Anti-Money Laundering (AML) Market by Country, 2020 - 2023, USD Million
- TABLE 19 North America Fraud Detection & Anti-Money Laundering (AML) Market by Country, 2024 - 2031, USD Million
- TABLE 20 North America Predictive Maintenance Market by Country, 2020 - 2023, USD Million
- TABLE 21 North America Predictive Maintenance Market by Country, 2024 - 2031, USD Million
- TABLE 22 North America Performance Management Market by Country, 2020 - 2023, USD Million
- TABLE 23 North America Performance Management Market by Country, 2024 - 2031, USD Million
- TABLE 24 North America Other Application Market by Country, 2020 - 2023, USD Million
- TABLE 25 North America Other Application Market by Country, 2024 - 2031, USD Million
- TABLE 26 North America Natural Language Generation Market by Solutions, 2020 - 2023, USD Million
- TABLE 27 North America Natural Language Generation Market by Solutions, 2024 - 2031, USD Million
- TABLE 28 North America Software Market by Country, 2020 - 2023, USD Million
- TABLE 29 North America Software Market by Country, 2024 - 2031, USD Million
- TABLE 30 North America Service Market by Country, 2020 - 2023, USD Million
- TABLE 31 North America Service Market by Country, 2024 - 2031, USD Million
- TABLE 32 North America Natural Language Generation Market by Deployment, 2020 - 2023, USD Million
- TABLE 33 North America Natural Language Generation Market by Deployment, 2024 - 2031, USD Million
- TABLE 34 North America Cloud Market by Country, 2020 - 2023, USD Million
- TABLE 35 North America Cloud Market by Country, 2024 - 2031, USD Million
- TABLE 36 North America On-premises Market by Country, 2020 - 2023, USD Million
- TABLE 37 North America On-premises Market by Country, 2024 - 2031, USD Million
- TABLE 38 North America Natural Language Generation Market by Vertical, 2020 - 2023, USD Million
- TABLE 39 North America Natural Language Generation Market by Vertical, 2024 - 2031, USD Million
- TABLE 40 North America Banking, Financial Services & Insurance Market by Country, 2020 - 2023, USD Million
- TABLE 41 North America Banking, Financial Services & Insurance Market by Country, 2024 - 2031, USD Million
- TABLE 42 North America Manufacturing Market by Country, 2020 - 2023, USD Million
- TABLE 43 North America Manufacturing Market by Country, 2024 - 2031, USD Million
- TABLE 44 North America Retail & Ecommerce Market by Country, 2020 - 2023, USD Million
- TABLE 45 North America Retail & Ecommerce Market by Country, 2024 - 2031, USD Million
- TABLE 46 North America Government & Defense Market by Country, 2020 - 2023, USD Million
- TABLE 47 North America Government & Defense Market by Country, 2024 - 2031, USD Million
- TABLE 48 North America Telecom & IT Market by Country, 2020 - 2023, USD Million
- TABLE 49 North America Telecom & IT Market by Country, 2024 - 2031, USD Million
- TABLE 50 North America Healthcare & Lifesciences Market by Country, 2020 - 2023, USD Million
- TABLE 51 North America Healthcare & Lifesciences Market by Country, 2024 - 2031, USD Million
- TABLE 52 North America Energy & Utilities Market by Country, 2020 - 2023, USD Million
- TABLE 53 North America Energy & Utilities Market by Country, 2024 - 2031, USD Million
- TABLE 54 North America Media & Entertainment Market by Country, 2020 - 2023, USD Million
- TABLE 55 North America Media & Entertainment Market by Country, 2024 - 2031, USD Million
- TABLE 56 North America Other Vertical Market by Country, 2020 - 2023, USD Million
- TABLE 57 North America Other Vertical Market by Country, 2024 - 2031, USD Million
- TABLE 58 North America Natural Language Generation Market by Country, 2020 - 2023, USD Million
- TABLE 59 North America Natural Language Generation Market by Country, 2024 - 2031, USD Million
- TABLE 60 US Natural Language Generation Market, 2020 - 2023, USD Million
- TABLE 61 US Natural Language Generation Market, 2024 - 2031, USD Million
- TABLE 62 US Natural Language Generation Market by Enterprise Size, 2020 - 2023, USD Million
- TABLE 63 US Natural Language Generation Market by Enterprise Size, 2024 - 2031, USD Million
- TABLE 64 US Natural Language Generation Market by Application, 2020 - 2023, USD Million
- TABLE 65 US Natural Language Generation Market by Application, 2024 - 2031, USD Million
- TABLE 66 US Natural Language Generation Market by Solutions, 2020 - 2023, USD Million
- TABLE 67 US Natural Language Generation Market by Solutions, 2024 - 2031, USD Million
- TABLE 68 US Natural Language Generation Market by Deployment, 2020 - 2023, USD Million
- TABLE 69 US Natural Language Generation Market by Deployment, 2024 - 2031, USD Million
- TABLE 70 US Natural Language Generation Market by Vertical, 2020 - 2023, USD Million
- TABLE 71 US Natural Language Generation Market by Vertical, 2024 - 2031, USD Million
- TABLE 72 Canada Natural Language Generation Market, 2020 - 2023, USD Million
- TABLE 73 Canada Natural Language Generation Market, 2024 - 2031, USD Million
- TABLE 74 Canada Natural Language Generation Market by Enterprise Size, 2020 - 2023, USD Million
- TABLE 75 Canada Natural Language Generation Market by Enterprise Size, 2024 - 2031, USD Million
- TABLE 76 Canada Natural Language Generation Market by Application, 2020 - 2023, USD Million
- TABLE 77 Canada Natural Language Generation Market by Application, 2024 - 2031, USD Million
- TABLE 78 Canada Natural Language Generation Market by Solutions, 2020 - 2023, USD Million
- TABLE 79 Canada Natural Language Generation Market by Solutions, 2024 - 2031, USD Million
- TABLE 80 Canada Natural Language Generation Market by Deployment, 2020 - 2023, USD Million
- TABLE 81 Canada Natural Language Generation Market by Deployment, 2024 - 2031, USD Million
- TABLE 82 Canada Natural Language Generation Market by Vertical, 2020 - 2023, USD Million
- TABLE 83 Canada Natural Language Generation Market by Vertical, 2024 - 2031, USD Million
- TABLE 84 Mexico Natural Language Generation Market, 2020 - 2023, USD Million
- TABLE 85 Mexico Natural Language Generation Market, 2024 - 2031, USD Million
- TABLE 86 Mexico Natural Language Generation Market by Enterprise Size, 2020 - 2023, USD Million
- TABLE 87 Mexico Natural Language Generation Market by Enterprise Size, 2024 - 2031, USD Million
- TABLE 88 Mexico Natural Language Generation Market by Application, 2020 - 2023, USD Million
- TABLE 89 Mexico Natural Language Generation Market by Application, 2024 - 2031, USD Million
- TABLE 90 Mexico Natural Language Generation Market by Solutions, 2020 - 2023, USD Million
- TABLE 91 Mexico Natural Language Generation Market by Solutions, 2024 - 2031, USD Million
- TABLE 92 Mexico Natural Language Generation Market by Deployment, 2020 - 2023, USD Million
- TABLE 93 Mexico Natural Language Generation Market by Deployment, 2024 - 2031, USD Million
- TABLE 94 Mexico Natural Language Generation Market by Vertical, 2020 - 2023, USD Million
- TABLE 95 Mexico Natural Language Generation Market by Vertical, 2024 - 2031, USD Million
- TABLE 96 Rest of North America Natural Language Generation Market, 2020 - 2023, USD Million
- TABLE 97 Rest of North America Natural Language Generation Market, 2024 - 2031, USD Million
- TABLE 98 Rest of North America Natural Language Generation Market by Enterprise Size, 2020 - 2023, USD Million
- TABLE 99 Rest of North America Natural Language Generation Market by Enterprise Size, 2024 - 2031, USD Million
- TABLE 100 Rest of North America Natural Language Generation Market by Application, 2020 - 2023, USD Million
- TABLE 101 Rest of North America Natural Language Generation Market by Application, 2024 - 2031, USD Million
- TABLE 102 Rest of North America Natural Language Generation Market by Solutions, 2020 - 2023, USD Million
- TABLE 103 Rest of North America Natural Language Generation Market by Solutions, 2024 - 2031, USD Million
- TABLE 104 Rest of North America Natural Language Generation Market by Deployment, 2020 - 2023, USD Million
- TABLE 105 Rest of North America Natural Language Generation Market by Deployment, 2024 - 2031, USD Million
- TABLE 106 Rest of North America Natural Language Generation Market by Vertical, 2020 - 2023, USD Million
- TABLE 107 Rest of North America Natural Language Generation Market by Vertical, 2024 - 2031, USD Million
- TABLE 108 Key Information - IBM Corporation
- TABLE 109 Key Information - Microsoft Corporation
- TABLE 110 Key Information - Google LLC
- TABLE 111 Key Information - Amazon Web Services, Inc.
- TABLE 112 Key Information - SAS Institute, Inc.
- TABLE 113 Key Information - Salesforce, Inc.
- TABLE 114 Key Information - Arria NLG Limited
- TABLE 115 Key Information - vPhrase
- TABLE 116 Key Information - Retresco GmbH
- TABLE 117 Key Information - Yseop
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