Global Natural Language Processing (NLP) in Healthcare Market Projected to Reach US$1,756 Million by 2025

Global Natural Language Generation Market, By Component (Software, Services), By Business Function (Finance, Operations, Marketing, Human Resources), By Deployment Model 

Market Definition: Global Natural Language Generation Market

Natural language generation (NLG) is a sub section of artificial intelligence (AI) which produces dialect as output based on information input. There are assortments of ways the innovation is being utilized, essentially to enhance profitability via reporting activities, mechanizing time-intensive data analysis and to build the estimation of information driven products by drawing in clients with instinctive natural language interfaces. Development of NLG Product will act as driving factor which will lead the natural language generation market. For instance, In September 2016, Arria NLG launched Recount software as a service (SaaS) business reporting tool which is being intended to work with huge web based accounting frameworks such as Quickbooks, Sage and Xero providing clients with instant financial bits of knowledge, communicated in plain dialect. In October 2017, Automated Insights, Inc. brought a new integration which makes more people to participate NLG directly within their Tableau dashboards. This will help in directly asking most pertinent questions within Tableau and to receive real-time analysis from Wordsmith.

Market Analysis: Global Natural Language Generation Market

The Global Natural Language Generation Market accounted for USD 279.5 million in 2017 and is projected to grow at a CAGR of 21.1% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Competitive Landscape: Global Natural Language Generation MarketThe global natural language generation market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.Major Market Competitors: Global Natural Language Generation MarketSome of the major players in the market are IBM Corporation, Automated Insights, Inc., Amazon Web Services, Inc., AX Semantics, Phrasetech, NARRATIVEWAVE, Yseop, Narrativa, Artificial Solutions, CoGenTex, Narrative Science, Conversica, Linguastat, Textual Relations, Phrasee, Retresco, 2txt – natural language generation GmbH and vPhrase among others.
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