Natural Language Generation (NLG) Software Market was valued at USD 1.21 Billion in 2022 and is projected to reach USD 4.74 Billion by 2030, growing at a CAGR of 18.6% from 2024 to 2030.
The Natural Language Generation (NLG) software market demonstrated substantial growth in 2022, with a market size valued at approximately USD 1.7 billion. This represents a significant expansion compared to previous years, driven by increased adoption of NLG technologies across various sectors including finance, healthcare, and e-commerce. The market is projected to achieve a compound annual growth rate (CAGR) of 25.4% from 2023 to 2030, underscoring its rapid development and increasing importance in automating content creation and data interpretation.
Opportunities within the NLG software market are burgeoning, particularly in emerging regions where digital transformation is accelerating. The rise in demand for real-time analytics, personalized customer experiences, and advanced business intelligence tools are pivotal factors propelling market growth. Additionally, the integration of artificial intelligence and machine learning with NLG technologies is expected to further enhance the capabilities and applications of these systems, opening up new avenues for innovation and market expansion.
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IBM
Amazon
Automated Insights
ARRIA NLG
AX Semantics
Yseop
Artificial Solutions
Narrativa
Retresco
Phrasee
Conversica
VPhrase
Phrasetech
CoGenTex
Textual
2txt - natural language generation
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Natural Language Generation (NLG) Software Market
Large Enterprised
SMEs
Based on Types the Market is categorized into Below types that held the largest Natural Language Generation (NLG) Software market share In 2023.
On-Premises
Cloud Based
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Natural Language Generation (NLG) Software Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Natural Language Generation (NLG) Software Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Natural Language Generation (NLG) Software Market, By Type
6. Global Natural Language Generation (NLG) Software Market, By Application
7. Global Natural Language Generation (NLG) Software Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Natural Language Generation (NLG) Software Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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