“Latest Market Overview for Natural Language Processing Market Research Report
Global Natural Language Processing Market Report 2018 provides actionable intelligence on factors that have been driving demand; key trends that are impacting the Natural Language Processing market; challenges that affect the market dynamics along with the market size, a SWOT analysis of the key vendors, and various segments.
Competitor Analysis: by product types, market share, applications, sales, and revenue.
- IBM Corporation 3M Company Apple Inc. Dolbey Systems Inc. Microsoft Corporation NetBase Solutions Inc. SAS Institute Inc. Verint Systems Inc.Google LLCHewlett-Packard Enterprise Company Nuance Communications Inc. SparkCognition Veritone Inc. Salesforce.com Inc. Inbenta Technologies Inc.
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Description of Natural Language Processing Market: The natural language processing market is expected to record a CAGR of over 17.1%, during the forecast period of 2018-2023.
The increasing use of NLP in healthcare and call centers, rising demand for advanced text analytics, and growing machine-to-machine technology are the primary factors responsible for the growth of the natural language processing market. NLP has witnessed significant growth over the past few years, owing to affordable, scalable, and computational power, increase in digitization of data, and merger of NLP with deep learning (DL) and machine learning (ML). NLP has found increasing applications across various end-user industries, thus boosting the marketâs growth. However, the implementation of stringent government regulations is projected to hinder the marketâs growth, during the forecast period.
Rising Demand for Advanced Text Analytics to Fuel the Marketâs Growth
Advanced text analytics has witnessed considerable growth, due to the integration of NLP with text analytics. NLP converts human language into machine language. This helps in the analysis of data and the translation of insights back to the spoken language, for an improved understanding. In the era of Big Data, the right platform enables businesses to utilize their data lake and take complete advantage of text analytics and NLP algorithms. Besides, text analytics solutions have been in demand, as most of the modern-day organizations can gain better market insights. Several companies have started focusing on keeping track of the marketâs pulse, by aligning their product and services accordingly. They focus on products and service offerings, for higher profitability. Integrating text analytics enables companies to gain better market insights. This helps organizations to compete in the market, and thereby increase their market shares and presence.
A typical text analytics application in the finance industry focuses on compliance and fraud prevention. For instance, electronic communications at financial institutions (chats, emails, and instant messages) need to be monitored, to reduce the risk of fraudulent account activities, external business activities, and sharing sensitive customer information. The purpose of natural language processing, in this case, is to understand the content of communication threads through the semantic interpretation and identify relationships and entities, across multiple threads.
North America is the Major Contributor for Natural Language Processing Market
The North American region dominated the natural language processing market, in 2017, with the United States leading the market. The region accounted for the largest market share, due to the presence of a considerable number of natural language processing companies. Besides, the region has an advanced infrastructure capability, thus leading to the rapid adoption of NLP, across different end-user industries and fueling the growth of the market studied. The increasing inflow of investments in artificial intelligence technology by several companies is also anticipated to augment the growth of the market studied. Further, the rapid adoption of the smart devices is contributing toward the marketâs growth.
The Asia-Pacific segment is anticipated to witness robust growth over the forecast period, due to the rising disposable incomes and increasing use of voice recognition, in numerous industries.
Natural Language Processing Market report passes on a fundamental overview of the Market including its definition, applications, and advancement. Furthermore, the Industry report investigates the ecumenical Major Natural Language Processing Market players in detail. Natural Language Processing Market report gives key bits of Cautiousness and subsisting status of the Players and is a basic Source obviously and heading for Companies and people energized by the Industry.
Reasons to Purchase Natural Language Processing Market Research ReportCurrent and future natural language processing market outlook in the developed and emerging economiesAnalyzing various perspectives of the market, with the help of Porterâs five forces analysisThe segment that is expected to dominate the market studiedThe regions that are expected to witness the fastest growth, during the forecast periodIdentify the latest developments, market shares, and strategies employed by the major market players.3 months analyst support along with the Market Estimate sheet (in excel)
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The Global demand for Natural Language Processing Market is forecast to report strong development driven by consumption in major evolving markets. More growth opportunities to come up between 2018 and 2025 compared to a few years ago, signifying the rapid pace of change.
Natural Language Processing Market Historic Data (2012-2018):
- Industry Trends: Status and Outlook.
- Competitive Landscape: By Manufacturers, Development Trends.
- Product Revenue for Top Players: Market Share, Growth Rate, Current Market Situation Analysis.
- Market Segment: By Types, By Applications, By Regions/ Geography.
- Sales Revenue: Market Share, Growth Rate, Current Market Analysis.
Further, in the Natural Language Processing Market research reports, the following points are included along with an in-depth study of each point:
- Production Analysis– Production of the Natural Language Processing is analyzed with respect to different regions, types, and applications. Here, price analysis of various Natural Language Processing Market key companies is also covered.
- Competitors– In this section, various Natural Language Processing industry-leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.
- Sales and Revenue Analysis– Both, sales and revenue are studied for the different regions of the Natural Language Processing Market. Another major aspect, price, which plays an important part in the revenue generation, is also measured in this section for the numerous regions.
- Supply and Consumption– In continuation with sales, this section studies supply and consumption for the Natural Language Processing Market. This part also shelters light on the gap between supply and consumption. Import and export statistics are also given in this part.
- Other analyses– Apart from the above-mentioned information, trade and distribution analysis for the Natural Language Processing Market, contact information of major manufacturers, suppliers and key consumers are also given. In addition, SWOT analysis for new projects and viability analysis for new investment are included.
The growth of this market worldwide is subjected to various factors; including consumer world-class Natural Language Processing Market of many Natural Language Processing Market products, inorganic company growth models, price volatility of raw materials, product innovation along with economic prospects in both producer and consumer countries.
Conclusively, this report will provide you a clear view of each and every fact of the market without a need to refer to any other research report or a data source. Our report will provide you with all the facts about the past, present, and future of the concerned Market.