The Global Natural language generation (NLG) market is forecast to reach USD 1,117.4 Million by 2026, according to a new report by Reports and Data.

New York, NY -- (SBWire) -- 04/30/2021 --The rising need to perceive the behavior of customers in various industries is one of the factors boosting Natural Language Generation Market.

The Global Natural language generation (NLG) market is forecast to reach USD 1,117.4 Million by 2026, according to a new report by Reports and Data. NLG can be considered as the process of producing meaningful sentences and phrases in the form of natural language. Thus, it automatically generates narratives that explain, summarize input structured data in a human-like manner at the speed of thousands of pages/second. NLG makes data easily comprehensible, providing the writing of data-driven product descriptions, financial reports, among others. The main practical present-day applications of NLG are connected with writing analysis or communicating necessary information to customers. Some of the mentionable practical applications of NLG are reporting on business data, analysis for business intelligence dashboards, personalize customer communication, among others. In context to region, Europe holds a prominent market share. The market share occupied by the region is resultant of the growth of the BFSI sector and the expansion of the healthcare sector.

Furthermore, the report is furnished with the latest impact of the COVID-19 pandemic on the market. The pandemic has affected every segment of the market, along with bringing disruption in the supply chain, demands & trends, and financial difficulties. The report covers the initial and future assessment of the COVID-19 impact on the market.

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The research study comprises of vital information focusing on major market trends and estimated revenue growth rate. Additionally, the report highlights the market competition including the portfolios and strategic alliances and endeavors of the key competitors. It focuses on the mergers and acquisitions, joint ventures, partnerships, collaborations, product launches, brand promotions, and agreements, among others. The report also offers key insights about top companies in the market along with their company overview, business expansion plans, financial standing, production and manufacturing capacity, and global position.

Key companies operating in the market include: Narrative Science, IBM, AWS, Artificial Solutions, Retresco, Phrasee, CoGenTex, AX Semantics, Conversica, Linguastat.

The report provides comprehensive details about the market with respect to overall revenue, sales and consumption, pricing trends, gross margins, growth rate, and market size. The report also provides an extensive analysis of key regions where the market has established its presence. The report covers major geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. A country-wise analysis is also included to offer better insights into regional spread of the Natural Language Generation (NLG) market.

Component Type Outlook (Revenue, USD Million; 2016-2026)

Services

Software

Business Function Type Outlook (Revenue, USD Million; 2016-2026)

Legal

Finance

Operations

Marketing and Sales

Human Resources

Organizational size Type Outlook (Revenue, USD Million; 2016-2026)

Large Enterprises

Small and Medium-Sized Enterprises

Deployment mode Type Outlook (Revenue, USD Million; 2016-2026)

On-premises

Cloud

End-User Type Outlook (Revenue, USD Million; 2016-2026)

Retail and Ecommerce

Banking, Financial Services, and Insurance

Healthcare and Life Sciences

Government and Defense

Telecom and IT

Manufacturing

Energy and Utilities

Media and Entertainment

Others

Application Type Outlook (Revenue, USD Million; 2016-2026)

Predictive Maintenance

Fraud Detection and Anti-Money Laundering

Customer Experience Management

Risk and Compliance Management

Others

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The Natural Language Generation (NLG) Market Report Offers:

Deep insights into the Natural Language Generation (NLG) market landscape

Key details about the regional segmentation of the Natural Language Generation (NLG) market

Analysis of the crucial market trends with regards to both current and emerging trends

Comprehensive impact analysis of COVID-19 pandemic on the Natural Language Generation (NLG) industry

Extensive overview of the key manufacturers and prominent players of the industry

Comprehensive study of the market segmentation and recent developments

Table Of Contents:

Chapter 1. Market Synopsis

Chapter 2. Executive Summary

Chapter 3. Indicative Metrics

Chapter 4. Natural Language Generation (NLG) Market Segmentation & Impact Analysis

Chapter 5. Natural Language Generation (NLG) Market, By Type Insights & Trends

Chapter 6. Natural Language Generation (NLG) Market, By Application Insights & Trends

Chapter 7. Natural Language Generation (NLG) Market, By End Use Insights & Trends

Chapter 8. Natural Language Generation (NLG) Market Regional Outlook

Chapter 9. Competitive Landscape

Chapter 10. Company Profiles

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About Reports and Data:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.