Emerging Trends in Natural language processing Market to Reflect Massive Expansion by 2025 (IBM, 3M, Google, Microsoft Corporation, HPE, Apple Incorporation, Verint Systems, Dolbey)
The global natural language processing is expected to grow at a CAGR of 15.7% during the forecast period. Natural language processing (NATURAL LANGUAGE PROCESSING) is a component of artificial intelligence and it helps computers connect with humans in their own language.
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The main focus of natural language processing is to minimize the time taken to comprehend computer languages, such as Java, C, C++, and many more. Natural language processing is also used in big data analytics, due to the fact that huge amounts of data are being produced from sources like web blogs audio, social networking sites, emails, documents, and forums.
This report on natural language processing covers an in-depth analysis of the market including statistical and subjective data points, along with the key market drivers and opportunities & restraints that have positive or negative effects on the overall global market.
The major players operating in the global natural language processing are IBM Incorporation, 3M, Google, Microsoft Corporation, HPE, Apple Incorporation, Verint Systems, Dolbey Systems, SAS Institute Inc. and NetBase Solutions. These players have stepped up new product innovations and new product launches, in order to gain more attention from the customers.
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On the basis of deployment, the market has been segmented into on-premise and cloud. The cloud segment is further classified into public cloud, private cloud, and hybrid cloud. Based on technology, the market has been segmented into optical character recognition (OCR), speech analytics, interactive voice response (IVR), image recognition, and others.
The type segment is further classified into statistical natural language processing, rule-based natural language processing, and hybrid natural language processing. On the basis of applications, the market can be classified into report generation, information extraction, machine translation, and others. Based on end-use, the natural language processing market can be segmented into automotive, retail and consumer goods, healthcare, banking, financial services and insurance, government, and others.
The Asia-Pacific region is expected to witness the fastest growth during the forecast period. China and Japan are the major countries that are generating opportunities in the natural language processing market. Increasing government initiative for conservation of water is one of the the major factors to trigger the overall market growth of natural language processing in this region.
Major Points from Table of Contents
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Dynamics
Chapter 4 Global Natural language processing Market, by Type of Analytics
Chapter 5 Global Natural language processing Market, by Component Type
Chapter 6 Global Natural language processing Market, by Delivery Mode
Chapter 7 Global Natural language processing Market, by Application
Chapter 8 Global Natural language processing Market, by End-user
Chapter 9 Global Natural language processing Market, by Region
Chapter 10 Competitive Intelligence
Chapter 11 Company Profiles
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