Natural Language Generation (NLG) Global Market Growth, Opportunities and Analysis, Forecast To 2023
The Natural Language Generation (NLG) Global Market Report provides detailed insights into the global market that is segmented on the basis of applications, components, business functions, deployment models, organization size, industry verticals, and regi
(EMAILWIRE.COM, July 17, 2018 ) The natural language generation market is expected to grow from USD 322.1 Million in 2018 to USD 825.3 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 20.8% during the forecast period. Factors such as the increasing business need to understand customers’ behavior is expected to drive the global market.
In terms of industry verticals, the retail and eCommerce industry vertical is expected to continue to have the largest market share during the forecast period. The increasing use of internet-connected devices impacted businesses, as online retailers are recreating personalized store-like shopping environments for their customers. With huge volumes of customer and product-related data, NLG software and services can generate unique content and make product-related information more narrative.
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In terms of market shares, North America is expected to continue to dominate its position during the forecast period. This can be attributed to the presence of various developed economies, such as the US and Canada, and its focus on innovating the existing solutions. Enterprises are implementing Artificial Intelligence (AI) and semantics, so that IT systems can help in resolving their queries and performing daily operations. This, in turn, increased the demand for NLG software and services among all the major industry verticals in North America. Enterprises offer the best end-user experience and provide the best services by using the NLG technology-based software and services. The APAC region is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing technological expenditure in countries such as China, Japan, and Singapore. Owing to the increasing amount of data in numerous formats, the adoption of NLG software and services is expected to drive the growth of the market.
Major vendors who offer NLG software and services include Arria NLG (UK), Yseop (US), IBM (US), Automated Insights (US), Artificial Solutions (Spain), NarrativeWave (US), Narrative Science (US), Narrativa (UAE), Amazon Web Services (AWS) (US), Retresco (Germany), Phrasee (UK), Conversica (Conversica) (US), Linguastat (US), NewsRx (US), vPhrase (India), Phrasetech (Israel), CoGenTex (CoGenTex) (US), AX Semantics (Germany), Textual Relations (Sweden), and 2txt - natural language generation GmbH (2txt) (Germany). Other stakeholders of the natural language generation market include vendors, such as research organizations, network, system integrators, natural language generation managed service providers, Business Intelligence (BI) solution providers, marketing analytics executives, third-party providers, and technology providers.
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About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
In terms of industry verticals, the retail and eCommerce industry vertical is expected to continue to have the largest market share during the forecast period. The increasing use of internet-connected devices impacted businesses, as online retailers are recreating personalized store-like shopping environments for their customers. With huge volumes of customer and product-related data, NLG software and services can generate unique content and make product-related information more narrative.
Download PDF brochure - https://www.marketsandmarkets.com/pdfdownload.asp?id=14328817
In terms of market shares, North America is expected to continue to dominate its position during the forecast period. This can be attributed to the presence of various developed economies, such as the US and Canada, and its focus on innovating the existing solutions. Enterprises are implementing Artificial Intelligence (AI) and semantics, so that IT systems can help in resolving their queries and performing daily operations. This, in turn, increased the demand for NLG software and services among all the major industry verticals in North America. Enterprises offer the best end-user experience and provide the best services by using the NLG technology-based software and services. The APAC region is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing technological expenditure in countries such as China, Japan, and Singapore. Owing to the increasing amount of data in numerous formats, the adoption of NLG software and services is expected to drive the growth of the market.
Major vendors who offer NLG software and services include Arria NLG (UK), Yseop (US), IBM (US), Automated Insights (US), Artificial Solutions (Spain), NarrativeWave (US), Narrative Science (US), Narrativa (UAE), Amazon Web Services (AWS) (US), Retresco (Germany), Phrasee (UK), Conversica (Conversica) (US), Linguastat (US), NewsRx (US), vPhrase (India), Phrasetech (Israel), CoGenTex (CoGenTex) (US), AX Semantics (Germany), Textual Relations (Sweden), and 2txt - natural language generation GmbH (2txt) (Germany). Other stakeholders of the natural language generation market include vendors, such as research organizations, network, system integrators, natural language generation managed service providers, Business Intelligence (BI) solution providers, marketing analytics executives, third-party providers, and technology providers.
https://www.marketsandmarkets.com/Market-Reports/natural-language-generation-market-14328817.html
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact Information:
MarketsandMarkets™
Mr. Shelly Singh
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Shelly Singh
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results