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Natural Language Generation (NLG) Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Natural Language Generation NLG Market
The natural language generation (NLG) market has expanded exponentially in recent years. It is expected to grow from $0.88 billion in 2024 to $1.06 billion in 2025, with a CAGR of 21.4%. The past growth was influenced by increased data availability, the rise of big data analytics, advancements in natural language processing (NLP), the demand for data-driven insights, and integration with business intelligence (BI) tools.
The natural language generation (NLG) market is set for exponential growth in the next few years. It will reach $2.32 billion by 2029, growing at a CAGR of 21.5%. This growth can be attributed to rapid advancements in deep learning, integration with voice assistants, growing demand for content automation, increasing importance of explainability, and expanding applications in healthcare. Major trends include AI-driven creativity, ethical AI and bias mitigation, technological advancements, real-time language translation, and new product developments.
What Key Elements Are Boosting Growth in the Natural Language Generation (NLG) Market?
The increasing volume and diversity of data are anticipated to stimulate the growth of the natural language generation (NLG) market. The volume and variety of data refer to the massive quantities and different types of information generated, collected, and processed by various systems, applications, and devices, reflecting the increasing complexity and scale of data. Natural Language Generation (NLG) is essential for transforming extensive and complex datasets into structured, comprehensible narratives, enabling organizations to derive actionable insights and make informed decisions. For example, in February 2023, G2.com, a U.S.-based software marketplace company, reported that 87.8% of companies expanded their data investments, representing a 41% increase from 2022. As a result, the growing volume and variety of data are driving the natural language generation market.
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Who Are the Major Industry Players Fueling Natural Language Generation (NLG) Market Expansion?
Major companies operating in the natural language generation (NLG) market report are 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
Which Key Developments Are Influencing the Natural Language Generation (NLG) Market?
Leading firms in the natural language generation (NLG) sector are focusing on innovative technology and product development by incorporating AI-powered application stacks. Integrating stacks involves combining multiple software components or systems to function seamlessly. A software stack consists of various independent elements that work together to support an application's operation. For instance, in 2023, Microsoft Corporation, a US-based technology giant, launched the Azure OpenAI Service. This ecosystem adapts to the evolving needs of developers and enterprises, offering a fully integrated stack designed for AI-powered applications. Azure provides pre-built task-optimized NLU/NLG capabilities powered by Azure OpenAI, giving it a competitive advantage and superior performance. These models can be tailored for tasks such as content summarization, image recognition, semantic search, and natural language-to-code translation.
How Is the Segmentation of the Natural Language Generation (NLG) Market Defined?
The natural language generation (NLG) market covered in this report is segmented -
1) By Deployment: On-Premise, Cloud
2) By Organization Size: Small and Medium Enterprises (SMEs), Large Enterprises
3) By Application: Fraud Detection, Predictive Maintenance, Risk And Compliance Management, Performance Management
4) By Vertical: Banking, Financial Services And Insurance (BFSI), Retail And Ecommerce, Government And Defense, Healthcare And Life Sciences, Manufacturing, Telecom, IT, Media And Entertainment, Energy And Utilities
Subsegments:
1) By On-Premise: Local Server Installations, Customized NLG Software Solutions, Integrated Enterprise Systems, Self-Hosted Data Processing Systems
2) By Cloud: Software As A Service (Saas) NLG Platforms, API-Based NLG Services, Cloud Storage And Processing Solutions, Multi-Tenant Cloud Environments, Subscription-Based NLG Applications
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What Is the Leading Region in the Natural Language Generation (NLG) Market?
North America was the largest region in the natural language generation (NLG) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the natural language generation (NLG) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Natural Language Generation (NLG) Global Market Report?
- Market Size Analysis: Analyze the Natural Language Generation (NLG) Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Natural Language Generation (NLG) Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Natural Language Generation (NLG) Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Natural Language Generation (NLG) Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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