Press release
Natural Language Generation (NLG) Market Size, Share Analysis, Key Trends, Drivers And Forecast To 2033
Natural Language Generation (NLG) Market
According to The Business Research Company's, The natural language generation (NLG) market size has grown exponentially in recent years. It will grow from $0.72 billion in 2023 to $0.88 billion in 2024 at a compound annual growth rate (CAGR) of 22.0%. The growth in the historic period can be attributed to Increased data availability, rise of big data analytics, improvements in natural language processing (NLP), demand for data-driven insights, and integration with business intelligence (BI) tools.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/natural-language-generation-nlg-global-market-report
Market Drivers and Trends:
Increasing volume and variety of data are expected to propel the growth of the natural language generation (NLG) market going forward. Volume and variety of data refers to the immense quantity and diverse types of information generated, collected, and processed by systems, applications, and devices, reflecting the ever-growing scale and heterogeneity of data in each context. Natural Language Generation (NLG) is used to effectively communicate insights from the increasing volume and variety of data by transforming complex datasets into coherent and understandable narratives, enabling businesses to derive meaningful information and make informed decisions in a more accessible and human-readable format. For instance, in February 2023, G2.com, a US-based software marketplace company, revealed that 87.8% of companies increased their data investments, which is 41% up from 2022. Therefore, the increasing volume and variety of data are driving the next language generation market.
Major companies operating in natural language generation (NLG) are developing innovative technology and products by integrating stacks purpose-built for AI-powered applications. Integrating stacks refers to the process of combining different software components or systems to work together seamlessly. A software stack is a collection of independent components that work together to support the execution of an application. For instance, in 2023, Microsoft Corporation, a US-based technology company, launched the Azure OpenAI Service. This ecosystem adapts to the growing needs of developers and organizations. Azure offers a full, integrated stack purpose-built for AI-powered applications and provides a set of pre-built task-optimized NLU/NLG capabilities powered by Azure OpenAI, giving it a competitive edge and superior performance. These models can be adapted to tasks such as content summarization, image understanding, semantic search, and natural language to code translation.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=13884&type=smp
Major Key Players of the Market:
Amazon.com Inc., Alphabet Inc., Microsoft Corporation, International Business Machines Corporation, Deloitte Touche Tohmatsu Limited, Oracle Corporation, SAP SE, NVIDIA Corporation, Infosys Limited, Baidu Inc., SAS Institute Inc., Conversica Inc., Automated Insights Inc., OpenAI Inc., Narrative Science Inc., Persado Inc., Arria NLG plc, Hugging Face Inc., Retresco GmbH, AX Semantics GmbH, vPhrase Analytics Solutions Pvt. Ltd., Yseop SA, Phrasetech, Narrativa, Gabriele Sarti
Natural Language Generation (NLG) Market 2024 Key Insights:
• The natural language generation (nlg) market is expected to grow to $1.91 billion in 2028 at a compound annual growth rate (CAGR) of 21.4%.
• Data Evolution Fuels Explosive Growth In The Natural Language Generation Market
• Microsoft's Integration Of Azure OpenAI Service In Natural Language Generation (NLG)
• North America was the largest region in the natural language generation (NLG) market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=13884&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Natural Language Generation (NLG) Market Size, Share Analysis, Key Trends, Drivers And Forecast To 2033 here
News-ID: 3677521 • Views: …
More Releases from The Business Research Company
Natural & Breathable Dog Beds Drive Innovation in the Sustainable Pet Beds Marke …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Sustainable Pet Beds Industry Market Size Be by 2025?
The sustainable pet beds market has experienced strong growth in recent years. It will expand from $2.34 billion in 2024 to $2.5 billion in 2025, reflecting a CAGR of 6.8%.
What's the Long-Term Growth Forecast for the Sustainable…
Driving Smart Polymers Market Growth in 2025: The Role of The Impact Of Automoti …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Smart Polymers Market Size Growth Forecast: What to Expect by 2025?
The smart polymers market has witnessed rapid growth in recent years. It is projected to move from $5.41 billion in 2024 to $6.1 billion in 2025, recording a CAGR of 12.7%.
How Will the Smart Polymers Market Size Evolve…
Top Market Shifts Transforming the Rainwear Market Landscape: Key Insights
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Rainwear Market Through 2025?
The rainwear market has seen strong growth in recent years. It is forecast to increase from $3.47 billion in 2024 to $3.67 billion in 2025, at a CAGR of 5.7%. Growth historically was influenced by more frequent heavy…
Plant-Based Food Packaging Market Landscape to 2034: Key Forces Shaping the Next …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Plant-Based Food Packaging Market Size By 2025?
The plant-based food packaging market has grown rapidly in recent years. It is projected to rise from $6.39 billion in 2024 to $7.2 billion in 2025 at a CAGR of 12.6%. Historic growth was fueled by rising environmental…
More Releases for NLG
Natural Language Generation Nlg Software Market Size Analysis by Application, Ty …
USA, New Jersey- According to Market Research Intellect, the global Natural Language Generation Nlg Software market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The Natural Language Generation (NLG) software market is expanding rapidly due to increasing demand for automated content creation and data-driven storytelling. Businesses…
Natural Language Generation (NLG) Software Market is set to Fly High in Years to …
Natural Language Generation (NLG) is a software programme that converts digital data into natural language. It allows you to quickly translate ideas into words and turn raw data into actionable insights. It can be used to create long-form content for businesses who want to automate bespoke reports and create custom content for a mobile or web app.
The global Natural Language Generation Market is expected to grow from USD 825.3 Million…
Natural Language Generation (NLG) Market 2023-2030: Top Players to Deliver Promi …
In recent years, the Global Natural Language Generation (NLG) Market has witnessed significant growth and is expected to continue to do so during the forecast period 2023-2030. This report aims to provide a comprehensive analysis of the market's critical aspects, including its strengths, weaknesses, opportunities, and threats. With the help of SWOT and Porter's Five Forces analysis, we will explore the different players operating in the market and the microeconomic…
Natural Language Generation (NLG) Market 2022 | Detailed Report
According to Market Study Report, Natural Language Generation (NLG) Market provides a comprehensive analysis of the Natural Language Generation (NLG) Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry. An exclusive data offered in this report is collected by research and industry experts team.
Download FREE Sample Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=5289982
The report provides a comprehensive analysis of company profiles listed below:
- Arria NLG
-…
Natural Language Generation (NLG) Market Trends, Drivers, Strategies, Applicatio …
Chicago, United States, -- Natural Language Generation (NLG) Market report offers you market size, industry growth, share, development trends, product demand, investment plans, business idea and forecasts to 2025. This report highlights exhaustive study of major market along with present and forecast market scenario with useful business decisions.
The report has been put together using primary and secondary research methodologies, which offer an accurate and precise understanding of the Natural Language…
Global Natural Language Generation (NLG) Software Market 2019 Future Scenario - …
The named Global Natural Language Generation (NLG) Software Market 2019 by Manufacturers, Countries, Type and Application, Forecast to 2024 from Fior Markets is thorough research performed by analysts on the basis of current industry affairs. The report starts with the basic Natural Language Generation (NLG) Software industry overview and then goes into each detail. It studies the cutthroat structure of the industry all over the world. It contains in depth…
