Natural Language Generation (NLG) Industry 2019
Description:-
The global natural language generation market is estimated to grow at a fast pace during the forecast period. A strong necessity to understand the behavior of consumers is felt, which his leading to a rise in the delivery of better customer experience across different industry verticals. This factor is expected to drive organizations to build personal relationships with their clientele based on consumer’s activities and interactions. Furthermore, the proliferation of big data has created attraction between organizations towards the derivation of insights from the collected data for better, real-time, and fact-based decisions. Hence, natural language generation solutions are witnessing higher significance in the extraction of insights into human-like languages for better understanding and processing.
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Key Players
Arria Nlg
Aws
Ibm
Narrative Science
Automated Insights
Narrativa
Yseop
Retresco
Artificial Solutions
Phrasee
Ax Semantics
Cogentex
Phrasetech
Newsrx
Conversica
2Txt – Natural Language Generation Gmbh.
Narrative Wave
Vphrase
Linguastat
Textual Relations
Increasing volume of data is ensuing a complex business environment. Due to this, organizations are also facing challenges in the collection and collaboration of vast amounts of data accumulated from businesses and system landscapes. Furthermore, manual documentation of information has become tedious and time-consuming, which also incurs additional operational costs. This can be reduced through the adoption of latest technologies such as natural language generation solutions and gain a competitive edge over market peers. All these factors are contributing to the expansion of the global natural language generation market over the forecast period.
Furthermore, regulatory disclosures are carrying the risk of error during consolidation and publication of financial statements, which in turn is leading companies to opt for artificial intelligence-based solutions for mitigating human errors and other discrepancies. These solutions are known to help reduce human interference in business processes. Natural language generating is a subfield of artificial intelligence where computers use the data that is available to produce texts. However, a lack of skilled consultants for the deployment of natural language generation solutions and services is expected to restrain the market from ascending during the forecast period.
Market Segmentation
The global natural language generation market has been studied in the latest report for various segments which are based on several aspects to gain an insightful understanding of the landscape for the estimate period. Such segmentation has been studied on the basis of product type, application, and region. Based on product type, the market is segmented into on-cloud and on-premise. Based on application, the global natural language generation market is segmented into application I, application II, and application III.
Detailed Regional Analysis
The global natural language generation market is segmented into the regions of North America, South America, the Middle East & Africa, Europe, and Asia Pacific. The APAC’s natural language generation market is assessed to be the foremost market during the forecast period. The market is attaining momentum due to the rising awareness towards the increasing company focus on the augmentation of customer satisfaction derived from their products and services. Further, ascension in competition has led organizations to undertake measures that would aid in gaining a competitive edge over their market rivals. Asia Pacific is estimated to expand at the highest CAGR amongst all other regional segments for natural language generation solutions during the forecast period.
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Table of Contents – Major key Points
Section 1 Natural Language Generation (NLG) Product Definition
Section 2 Global Natural Language Generation (NLG) Market Manufacturer Share and Market
Overview
Section 3 Manufacturer Natural Language Generation (NLG) Business Introduction
Section 4 Global Natural Language Generation (NLG) Market Segmentation (Region Level)
Section 5 Global Natural Language Generation (NLG) Market Segmentation (Product Type Level)
Section 6 Global Natural Language Generation (NLG) Market Segmentation (Industry Level)
Section 7 Global Natural Language Generation (NLG) Market Segmentation (Channel Level)
Continued….
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