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North America Natural Language Generation Market Size, Share & Trends Analysis Report By Enterprise Size (Large Enterprise and Small & Medium Enterprise (SME), By Application, By Solutions, By Deployment, By Vertical, By Country and Growth Forecast, 2024

Publisher Knowledge Based Value (KBV) Research
Published Sep 30, 2024
Length 149 Pages
SKU # KBV19215391

Description

North America Natural Language Generation Market Size, Share & Trends Analysis Report By Enterprise Size (Large Enterprise and Small & Medium Enterprise (SME), By Application, By Solutions, By Deployment, By Vertical, By Country and Growth Forecast, 2024 - 2031


The North America Natural Language Generation Market would witness market growth of 20.6% CAGR during the forecast period (2024-2031).

The US market dominated the North America Natural Language Generation Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $706.3 million by 2031. The Canada market is experiencing a CAGR of 23% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 22.1% during (2024 - 2031).

This technology finds applications across various industries, demonstrating its versatility and capability to address diverse needs. For instance, NLG automates the generation of complex financial reports, transforming raw data from spreadsheets into comprehensive summaries highlighting trends, variances, and forecasts, making it easier for stakeholders to grasp financial health quickly. NLG can streamline the creation of legal documents, such as contracts and briefs, by automatically populating templates with relevant data and legal jargon, reducing the time lawyers spend drafting and increasing accuracy.

Similarly, NLG systems generate tailored marketing messages based on individual customer data, including purchase history and browsing behavior, enabling companies to deliver personalized recommendations and promotional content at scale. NLG tools can create engaging posts and responses for social media platforms, helping brands maintain an active presence by automating content generation and ensuring timely interactions with followers.

The rapid expansion of the e-commerce sector in Mexico is significantly influencing this market as businesses increasingly seek to enhance customer engagement and optimize their operations. According to the International Trade Administration (ITA), the domestic e-commerce industry was valued at USD 26.2 billion in 2022, marking a substantial 23 percent increase from the previous year. The increasing investment in the healthcare sector in Canada is significantly impacting this market, presenting numerous opportunities for innovation and efficiency within the industry. According to the Government of Canada, a substantial investment of $196.1 billion over ten years has been allocated, including $46.2 billion in new funding to enhance healthcare services across provinces and territories. This financial commitment underscores a national priority to improve health outcomes, streamline processes, and ultimately enhance the patient experience. Thus, the expansion of Mexico’s e-commerce industry and significant investment in Canada’s healthcare sector present significant opportunities for the natural language generation market.

Based on Enterprise Size, the market is segmented into Large Enterprise and Small & Medium Enterprise (SME). Based on Application, the market is segmented into Risk & Compliance Management, Customer Experience Management, Fraud Detection & Anti-Money Laundering (AML), Predictive Maintenance, Performance Management, and Other Application. Based on Solutions, the market is segmented into Software and Service. Based on Deployment, the market is segmented into Cloud and On-premises. Based on Vertical, the market is segmented into Banking, Financial Services & Insurance, Manufacturing, Retail & Ecommerce, Government & Defense, Telecom & IT, Healthcare & Lifesciences, Energy & Utilities, Media & Entertainment, and Other Vertical. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled
  • IBM Corporation
  • Microsoft Corporation
  • Google LLC (Alphabet Inc.)
  • Amazon Web Services, Inc. (Amazon.com, Inc.)
  • SAS Institute Inc.
  • Salesforce, Inc.
  • Arria NLG Limited
  • vPhrase
  • Retresco GmbH
  • Yseop
North America Natural Language Generation Market Report Segmentation

By Enterprise Size
  • Large Enterprise
  • Small & Medium Enterprise (SME)
By Application
  • Risk & Compliance Management
  • Customer Experience Management
  • Fraud Detection & Anti-Money Laundering (AML)
  • Predictive Maintenance
  • Performance Management
  • Other Application
By Solutions
  • Software
  • Service
By Deployment
  • Cloud
  • On-premises
By Vertical
  • Banking, Financial Services & Insurance
  • Manufacturing
  • Retail & Ecommerce
  • Government & Defense
  • Telecom & IT
  • Healthcare & Lifesciences
  • Energy & Utilities
  • Media & Entertainment
  • Other Vertical
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

149 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Natural Language Generation Market, by Enterprise Size
1.4.2 North America Natural Language Generation Market, by Application
1.4.3 North America Natural Language Generation Market, by Solutions
1.4.4 North America Natural Language Generation Market, by Deployment
1.4.5 North America Natural Language Generation Market, by Vertical
1.4.6 North America Natural Language Generation Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions : 2023, Mar – 2024, Jun) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. North America Natural Language Generation Market by Enterprise Size
5.1 North America Large Enterprise Market by Region
5.2 North America Small & Medium Enterprise (SME) Market by Region
Chapter 6. North America Natural Language Generation Market by Application
6.1 North America Risk & Compliance Management Market by Country
6.2 North America Customer Experience Management Market by Country
6.3 North America Fraud Detection & Anti-Money Laundering (AML) Market by Country
6.4 North America Predictive Maintenance Market by Country
6.5 North America Performance Management Market by Country
6.6 North America Other Application Market by Country
Chapter 7. North America Natural Language Generation Market by Solutions
7.1 North America Software Market by Country
7.2 North America Service Market by Country
Chapter 8. North America Natural Language Generation Market by Deployment
8.1 North America Cloud Market by Country
8.2 North America On-premises Market by Country
Chapter 9. North America Natural Language Generation Market by Vertical
9.1 North America Banking, Financial Services & Insurance Market by Country
9.2 North America Manufacturing Market by Country
9.3 North America Retail & Ecommerce Market by Country
9.4 North America Government & Defense Market by Country
9.5 North America Telecom & IT Market by Country
9.6 North America Healthcare & Lifesciences Market by Country
9.7 North America Energy & Utilities Market by Country
9.8 North America Media & Entertainment Market by Country
9.9 North America Other Vertical Market by Country
Chapter 10. North America Natural Language Generation Market by Country
10.1 US Natural Language Generation Market
10.1.1 US Natural Language Generation Market by Enterprise Size
10.1.2 US Natural Language Generation Market by Application
10.1.3 US Natural Language Generation Market by Solutions
10.1.4 US Natural Language Generation Market by Deployment
10.1.5 US Natural Language Generation Market by Vertical
10.2 Canada Natural Language Generation Market
10.2.1 Canada Natural Language Generation Market by Enterprise Size
10.2.2 Canada Natural Language Generation Market by Application
10.2.3 Canada Natural Language Generation Market by Solutions
10.2.4 Canada Natural Language Generation Market by Deployment
10.2.5 Canada Natural Language Generation Market by Vertical
10.3 Mexico Natural Language Generation Market
10.3.1 Mexico Natural Language Generation Market by Enterprise Size
10.3.2 Mexico Natural Language Generation Market by Application
10.3.3 Mexico Natural Language Generation Market by Solutions
10.3.4 Mexico Natural Language Generation Market by Deployment
10.3.5 Mexico Natural Language Generation Market by Vertical
10.4 Rest of North America Natural Language Generation Market
10.4.1 Rest of North America Natural Language Generation Market by Enterprise Size
10.4.2 Rest of North America Natural Language Generation Market by Application
10.4.3 Rest of North America Natural Language Generation Market by Solutions
10.4.4 Rest of North America Natural Language Generation Market by Deployment
10.4.5 Rest of North America Natural Language Generation Market by Vertical
Chapter 11. Company Profiles
11.1 IBM Corporation
11.1.1 Company Overview
11.1.2 Financial Analysis
11.1.3 Regional & Segmental Analysis
11.1.4 Research & Development Expenses
11.1.5 Recent strategies and developments:
11.1.5.1 Product Launches and Product Expansions:
11.1.6 SWOT Analysis
11.2 Microsoft Corporation
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Segmental and Regional Analysis
11.2.4 Research & Development Expenses
11.2.5 SWOT Analysis
11.3 Google LLC (Alphabet Inc.)
11.3.1 Company Overview
11.3.2 Financial Analysis
11.3.3 Segmental and Regional Analysis
11.3.4 Research & Development Expense
11.3.5 Recent strategies and developments:
11.3.5.1 Product Launches and Product Expansions:
11.3.6 SWOT Analysis
11.4 Amazon Web Services, Inc. (Amazon.com, Inc.)
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Segmental Analysis
11.4.4 Recent strategies and developments:
11.4.4.1 Partnerships, Collaborations, and Agreements:
11.4.4.2 Product Launches and Product Expansions:
11.4.5 SWOT Analysis
11.5 SAS Institute, Inc.
11.5.1 Company Overview
11.5.2 Recent strategies and developments:
11.5.2.1 Product Launches and Product Expansions:
11.5.3 SWOT Analysis
11.6 Salesforce, Inc.
11.6.1 Company Overview
11.6.2 Financial Analysis
11.6.3 Regional Analysis
11.6.4 Research & Development Expenses
11.6.5 Recent strategies and developments:
11.6.5.1 Partnerships, Collaborations, and Agreements:
11.6.5.2 Product Launches and Product Expansions:
11.6.6 SWOT Analysis
11.7 Arria NLG Limited
11.7.1 Company Overview
11.7.2 Recent strategies and developments:
11.7.2.1 Product Launches and Product Expansions:
11.7.2.2 Acquisition and Mergers:
11.7.3 SWOT Analysis
11.8 vPhrase
11.8.1 Company Overview
11.8.2 SWOT Analysis
11.9 Retresco GmbH
11.9.1 Company Overview
11.9.2 SWOT Analysis
11.10. Yseop
11.10.1 Company Overview
11.10.2 Recent strategies and developments:
11.10.2.1 Product Launches and Product Expansions:
11.10.3 SWOT Analysis

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