Natural language generation software uses artificial intelligence algorithms to produce the speech or text from the large amount of data. These software enable companies to convert analytical data report into natural languages such as English. Moreover, these software enable companies to create data driven reports, which help them in their strategic decision making.
Natural language generation tools are widely used in BFSI, healthcare, retail & e-commerce, IT and telecommunication industry. The NLG tools are used in chabot and rapidly increasing use of chabot is expected to propel growth of the natural language generation market during the forecast period. Moreover, partnership between the IT companies to develop advanced NLG solutions is expected to propel growth of the market. For instance, in April 2018, Retresco GmbH partnered with Deloitte Touche Tohmatsu Limited to develop artificial intelligence driven natural language generation solutions to derive insights from texts and data. Moreover, in February 2018, WordPress, an online website developing platform, partnered with Amazon Web Services to launch Amazon Polly plugin, which converts texts into audio format.
- This report provides in-depth analysis of the global natural language generation market size (USD Million) and compound annual growth rate (CAGR %) for the forecast period (2020– 2027), considering 2019 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
- It profiles leading players in the global natural language generation market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
- Companies covered as part of this study include Retresco, Narrative Science, AX Semantics, IBM Corporation, Artificial Solutions, Yseop, Narrative Science, CoGenTex, Inc., ARRIA NLG plc, Automated Insights, Inc., and Phrasetech
- Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
- The global natural language generation market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global natural language generation market
-
- Fraud Detection and Anti-Money Laundering
- Predictive Maintenance
- Risk & Compliance Management
- Performance Management
- Customer Experience Management
- Others
-
-
-
- BFSI
- Retail and Ecommerce
- Government and Defense
- Healthcare and Life Sciences
- Manufacturing
- Telecom and IT
- Media and Entertainment
- Energy and Utilities
- Others
-
- North America
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- GCC Countries
- Israel
- Rest of Middle East & Africa
-
- Retresco
- Narrative Science
- AX Semantics
- IBM Corporation
- Artificial Solutions
- Yseop
- Narrative Science
- CoGenTex, Inc.
- ARRIA NLG plc
- Automated Insights, Inc.
- Phrasetech
