PUBLISHER: TechNavio | PRODUCT CODE: 1915668
PUBLISHER: TechNavio | PRODUCT CODE: 1915668
The global natural language generation market is forecasted to grow by USD 2077.9 mn during 2024-2029, accelerating at a CAGR of 20.7% during the forecast period. The report on the global natural language generation market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by proliferation of advanced AI and llm, escalating demand for hyper-personalization in customer experience, growing need for automation in regulatory and financial reporting.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
| Market Scope | |
|---|---|
| Base Year | 2025 |
| End Year | 2029 |
| Series Year | 2025-2029 |
| Growth Momentum | Accelerate |
| YOY 2025 | 18.5% |
| CAGR | 20.7% |
| Incremental Value | $2077.9 mn |
Technavio's global natural language generation market is segmented as below:
By Component
By Deployment
By Application
Geography
This study identifies the emergence of multimodal and explainable nlg as one of the prime reasons driving the global natural language generation market growth during the next few years. Also, hyper-personalization at scale fueled by large language models and deep integration of nlg within business intelligence and analytics platforms will lead to sizable demand in the market.
The report on the global natural language generation market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading global natural language generation market vendors that include Amazon Web Services Inc., Apple Inc., ARRIA NLG Ltd., AX Semantics GmbH, Baidu Inc., Dolbey Systems Inc., Google LLC, Hewlett Packard, Interactions LLC, IBM Corp., Lexalytics Inc., Meta Platforms Inc., Microsoft Corp., Nuance Communications Inc., SAP SE, SAS Institute Inc., Verint Systems Inc., YSEOP. Also, the global natural language generation market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.