Natural Language Generation Market Is Expanding With Increasing Adoption of Artificial Intelligence within Organisations | IBM Corporation, Artificial Solutions, Yseop

The global Natural Language Generation market was valued at US$ 411.5 Mn in 2019 and is forecast to reach a value of US$ 1915.8 Mn by 2027 at a CAGR of 21.2% between 2020 and 2027.

???????? ?? ??? ?????? – A new study titled Natural Language Generation Market 2022, published by The Coherent Market Insights, provides information on regional and global markets that is anticipated to increase in value between 2022 and 2028. The extensive research on the global Natural Language Generation Market offers important insights into the market’s shifting dynamics, value chain analysis, well-known investment hotspots, competitive scenarios, regional landscape, and major segments. It also offers a complete analysis of the controls and restraints for the global market. Also provides excellent information on the strategies and opportunities used in the worldwide industry. This will help those working in the industry, policymakers, stakeholders, investors, and newcomers to the global Natural Language Generation Market industry seize opportunities, pinpoint crucial tactics, and gain an edge over rivals.

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Natural language generation (NLG) is a software process for generating text in a natural language from non-linguistic inputs. It has many applications and is currently one of the most widely used artificial intelligence systems. This technology helps companies translate large amounts of data into simple text. The initial stages of NLG involve drafting the document’s content outline and structuring the information. The second phase, micro-planning, involves tagging words, expressions, and other nuances. During realization, the system uses the specification to generate natural language texts from the raw data.  NLG software also helps companies personalize communications. It can tailor messages and emails based on user data.

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Market Dynamics:

Expansion of big data and the related technology is expected to fuel growth of the global natural language generation market during the forecast period. Big data involves analyzing and systematically extracting valuable information from a huge amount of unstructured data in an efficient manner. Big data is comparatively more efficient than traditional application software of data processing and natural language generation technology can improve data visualization solutions as it provides a clear and inclusive analysis of massive and complex dataset. For instance, in July 2021, big data tech developer HVR, announced expansion of its ‘HVR Partner Program’ as the company is witnessing increasing demand for its data replication technology.

However, lack of skilled labor and awareness of NLG solutions is expected to hamper growth of the global natural language generation market during the forecast period.

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➤ North America: United States, Mexico and Canada

➤ South & Central America: Argentina, Chile, Brazil and Others

➤ Middle East & Africa: Saudi Arabia, UAE, Israel, Turkey, Egypt, South Africa & Rest of MEA.

➤ Europe: UK, France, Italy, Germany, Spain, BeNeLux, Russia, NORDIC Nations and Rest of Europe.

➤ Asia-Pacific: India, China, Japan, South Korea, Indonesia, Thailand, Singapore, Australia and Rest of APAC.

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Impact of COVID-19:

The outbreak of COVID-19 in China, caused several countries to close down their borders and suspend international travel. Strict regulations such as national lockdown were put into action to control the spread of the COVID-19. Due to this lockdown many companies started laying off people as there was reduction in sales revenues. With this loss faced by companies, the expenditure on technological developments such as natural language generation system reduced in 2020. However, the introduction of new vaccines and decreasing cases are likely to help regain the lost traction in the global natural language generation market.

Detailed Segmentation

• Global Natural Language Generation Market, By Component:

• Global Natural Language Generation Market, By Application:

  • Fraud Detection and Anti-Money Laundering

  • Predictive Maintenance

  • Risk & Compliance Management

  • Performance Management

  • Customer Experience Management

  • Others

• Global Natural Language Generation Market, By Deployment Method:

• Global Natural Language Generation Market, By Organization Size:

• Global Natural Language Generation Market, By Vertical:

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➤ What is the estimated growth rate of the market for the forecast period of 2022-2028?

➤ What will the market size be in the anticipated time frame?

➤ What are the primary aspects that will determine the Natural Language Generation Market‘s fate over the forecast period?

➤ What are the major market players’ winning strategies for building a strong presence in the Natural Language Generation Market industry?

➤ What are the primary market trends influencing the Natural Language Generation Market’s growth in various regions?

➤ What are the biggest dangers and difficulties that are likely to stymie the Natural Language Generation Market’s growth?

➤ What are the most critical opportunities for market leaders to succeed and profit?

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1. Market Overview

Research Objective and Assumption

Research Objectives

Assumptions

Abbreviations

2. Market Preview

Report Description

Market Definition and Scope

Executive Summary

Market Snippet, By Function

Market Snippet, By Application

Market Snippet, By Region

Coherent Opportunity Map (COM)

3.Market Dynamics, Regulations, and Trends Analysis

Market Dynamics

Drivers

Restraints

Market Opportunities

Regulatory Scenario

Industry Trend

Merger and Acquisitions

New system Launch/Approvals

Value Chain Analysis

Porter’s Analysis

PEST Analysis

Continue…

Key Takeaways:

• The global natural language generation market is expected to expand, exhibiting a CAGR of 21.2 % over the forecast period due to growing adoption of AI in solutions in organizations. For instance, in July 2020, Microsoft Azure introduced AI technology in its Azure Cognitive Services to help developers use AI to develop AI solutions.

• Among regions, North America is expected to witness strong growth in the global natural language generation market during the forecast period, owing to high adoption of advanced technologies in the region.

• Key players operating in the global natural language generation market are Narrative Science, Phrasetech, IBM Corporation, Automated Insights, Inc., ARRIA NLG plc, AX Semantics, Retresco, Yseop, CoGenTex, Inc., and Artificial Solutions.

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