Natural Language Generation (NLG): Global Strategic Business Report

Global Natural Language Generation (NLG) Market to Reach $1.3 Billion by 2030

The global market for Natural Language Generation (NLG) estimated at US$508 Million in the year 2022, is projected to reach a revised size of US$1.3 Billion by 2030, growing at a CAGR of 12.9% over the analysis period 2022-2030. Software, one of the segments analyzed in the report, is projected to record 11.7% CAGR and reach US$862.9 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 15.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $138.4 Million, While China is Forecast to Grow at 17.3% CAGR

The Natural Language Generation (NLG) market in the U.S. is estimated at US$138.4 Million in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$306.1 Million by the year 2030 trailing a CAGR of 17.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.3% and 10.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 10.2% CAGR.

Select Competitors (Total 12 Featured) -

• 2txt - Natural Language Generation GmbH.
• Arria NLG
• Artificial Solutions
• Automated Insights
• AWS
• AX Semantics
• CoGenTex
• Conversica
• IBM
• Linguastat
• Narrativa
• Narrative Science
• NarrativeWave
• NewsRx
• Phrasee
• Phrasetech
• Retresco
• Textual Relations
• vPhrase
• Yseop

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year