The main objective of the report is to define, describe, and forecast the global natural language generation market by component (software and services), application, business function, deployment model, organization size, industry vertical, and region. The report provides detailed information regarding the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market. The report aims at strategically analyzing micromarkets with respect to the individual growth trends, prospects, and contributions to the total market.
A strong necessity to understand customers’ behavior has led to a rise in delivering better customer experience across different industry verticals. This factor is driving organizations to build personalized relationships based on customers’ activities or interactions. Moreover, the proliferation of big data created an interest among organizations to derive insights from collected data for taking better, real-time, and fact-based decisions. Thus, NLG solutions have gained significance in extracting insights into human-like languages that are easy to understand. However, the lack of skilled workforce to deploy NLG solutions is a major factor restraining the growth of the market.
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The customer experience management segment is expected to grow at the highest CAGR during the forecast period. The adoption of NLG software and services is rapidly increasing in various applications, as these software and services automate processes, thereby facilitating organizations to focus more on their business strategies to gain competitive advantages. The proliferation of big data and related technologies assist in fact-based business decision-making at a faster rate.
The report attempts to forecast the market size with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. The report strategically profiles the key players of the market and comprehensively analyzes their core competencies. It also tracks and analyzes competitive developments, such as partnerships, collaborations, and agreements, mergers and acquisitions, new product launches and new product developments, and Research and Development (R&D) activities in the market.
Top Market Player’s
Arria NLG,AWS,IBM,Narrative Science,Automated Insights,Narrativa,Yseop,Retresco,Artificial Solutions,Phrasee,AX Semantics,CoGenTex,Phrasetech,NewsRx,Conversica,Natural Language Generation GmbH,Narrative Wave,vPhrase,Linguastat,Textual Relations.
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Market segment by Regions/Countries, this report covers
- United States
- Southeast Asia
Market segment by Type, the product can be split into
Market segment by Application, Natural Language Generation (NLG) can be split into
- Retail and eCommerce
- Government and Defense
- Healthcare and Life Sciences
- Energy and Utilities
- Telecom and IT
- Media and Entertainment
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