Global Natural Language Generation Market

  • 4100.00 Dollar US$
  • Published date: June 15, 2021
    • Pune, Bacheli, Chhattisgarh, India [ Ads Views - 15 ]

Global Natural Language Generation Market was valued US$ 280.05 Mn in 2018 and is estimated to reach US$ US$ XX Mn by 2026 at a CAGR of about XX % during a forecast period.
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Global Natural Language Generation Market is segmented by application, business function, deployment model, organization size, industry vertical and geography. Based on component, the market is segmented into software, services. On the basis of business function, the global natural language generation market is segmented into finance, operations, marketing and sales, human resources and legal. By deployment model, the market is classified into cloud and on premises. By organization size, the market is categorised into small and medium sized and large sized enterprise. On the basis of application, global natural language generation is divided into predictive maintenance, fraud detection and anti-money laundering, customer experience management, risk and compliance management. Geographically, digital content creation market is classified into North America, Asia Pacific, Latin America and Middle East and Africa.The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.

Propagation of big data and the related technologies, increasing demand for intelligent business processes and robust necessity with respect to recognize customers behaviour are the major driving factor for growth in the global natural language generation market.

The professional services segment is expected to grow at the highest CAGR owing to the organizations are looking for solutions along with installation, maintenance, and consulting services in the natural language generation market. The natural language generation market is anticipated to enter well into the professional services segment with the availability of cost-operative and easily deployable cloud solutions.

The customer experience management segment is estimated to grow at the highest CAGR in the Global Natural Language Generation Market .The adoption of natural language generation software and services is rapidly growing in various applications, as these software and services offers automate processes.

Asia Pacific region is gaining impetus and is expected to grow at the highest CAGR in Global Natural Language Generation Market. The rising awareness can be attributed to an increase in organisations focus on improving their consumer service for driving competitive differentiation and revenue growth in this region. Major Asia Pacific economies, such as China, India, Japan, South Korea, and Australia are adopting the cloud based technology.

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