Natural Language Generation (NLG) Software Market Growth Boost To 2030

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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