About Natural Language Generation (NLG) in Asset Management
In the last couple of years, data generated on banks' digital asset management platforms has grown enormously and at a rapid pace. Banks can successfully deploy NLG tools to generate product and service descriptions, investment recommendations, financial reports, and portfolio analysis summaries. Additionally, these tools can help develop narratives for data, customer emails, social media posts, and so on. Advanced NLG technology offers more capabilities than a simple language generation tool and can handle a number of insights generated through data analytics tools. It can help deliver key advantages to wealth management firms. NLG technology-based systems are a lot more robust and scalable to handle huge volumes of data, and thus, more equipped to handle future demands.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
NLG is the most innovative assets management technology which has the potential for the largest impact on the industry in the near future. AI-based automation will reduce manual work across operations. And the Key players the NLG in the asset management market will have various strategies and new ideas to will enhance its efficiency and profitability. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Natural Language Generation (NLG) in Asset Management market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Genpact (United States), IBM (United States), Deloitte (United States), Yseop (United States), Narrative Science (United States), Infosys (India), Synechron (New York), TCS (India), Automated Insights (United States) and Arria NLG Limited (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Natural Language Generation (NLG) in Asset Management market by and Region.
On the basis of geography, the market of Natural Language Generation (NLG) in Asset Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement.
If we see Market by , the sub-segment i.e. will boost the Natural Language Generation (NLG) in Asset Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Growing Demand for Advanced NLG Technology and The Proliferation of Big Data and the Related Technologies
Market Growth Drivers:
Growing Requiarement to Understand Customers’ Behavior and Increasing Awewness about NLG in Asset Management
Challenges:
Concerns Regarding Data Security and Quality Issues
Restraints:
Lack of Skilled Consultants to Deploy NLG Solutions and Services
Opportunities:
Technological Innovation in NLG Platforms and Emerging Options in Application Areas
Market Leaders and their expansionary development strategies
On 16th May 2019, YSEOP, a pioneer and world leader in Natural Language Generation (NLG) and artificial intelligence, is pleased to announce a strategic partnership with Larsen & Toubro Infotech Ltd., a global technology consulting and digital solutions company.
In November 2021, Arria NLG, a leading provider of Natural Language Generation (NLG) technology, today announced it has acquired Boost Sport AI, whose proprietary technology uses data analytics and computer vision to automate sport performance and power digital storytelling across media, betting, and e-commerce. The acquisition extended an offer to purchase Boost to accelerate growth across these and other commercial verticals.
Key Target Audience
The NLG in Asset management Service Providers, Technology Providers, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.