Market Analysis and Insights: Global Natural Language Processing Market

The Absolute Markets Insights has been monitoring the Natural Language Processing Market and it is poised to grow by $ 42,591 bn during 2021-2030 progressing at a CAGR of 15.9% during the forecast period. The report on Natural Language Processing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering various vendors.

Competitive Landscape of Natural Language Processing Market

Natural Language Processing market competitive countryside provides information by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, latest market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product approvals, application dominance, technology lifeline curve.  The above details points provided are only related to the company’s focus related to Natural Language Processing market.

Key players operating in the global natural language processing market are 3M Company, Abe AI Inc., Amazon Web Services, Inc., Apple Inc., Aylien Ltd., AG, DigitalGenius, Inc., Dolbey Systems, Inc., Expert System S.p.A., ExplosionAI GmbH, Flamingo Ai, Google LLC, Hewlett Packard Enterprise Co., IBM Corporation, Lexalytics, Inc., Microsoft Corporation, MobVoi Inc. (HK SMARTMV LIMITED), MonkeyLearn Inc., NetBase Solutions, Inc., SAS Institute Inc., SoundHound, Inc., TextRazor Ltd., Verint Systems Inc. amongst others.

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The Natural Language Processing (NLP) is a part of artificial intelligence that aids the computers to understand, interpret and manipulate human language. The technology includes many disciplines, including computer science and computational linguistics, in its pursuit to bridge the gap between computer understanding and human communication. The NLP helps computers to communicate with humans in their own language along with other language-related tasks. One such example is the implementation of NLP through which it helps computers to read the text, hear speech and then interpret it. Some advanced applications includes the measurement of sentiments and to determine which parts of the message is important.

Global Natural Language Processing Market Regional Level Analysis

Natural Language Processing market is analyzed and market size information is provided by country, products, application, procedure and end user. The countries covered in the Natural Language Processing market report are the U.S., Canada, Mexico, Germany, France, Italy, U.K., Spain, Switzerland, Russia, Netherlands, Belgium, Turkey, Denmark, Portugal, Sweden, Austria, Czech Republic, Norway, Finland, Rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Rest of South America, South Africa and Rest of Middle East and Africa.

Natural Language Processing Market Segmentation:

By Type

  • Rule Based
  • Statistical
  • Hybrid

By Deployment Model

  • On-Premise
  • Cloud

By Technology

  • Interactive Voice Response (IVR) 
  • Optical Character Recognition (OCR) 
  • Pattern and Image Recognition 
  • Autocoding 
  • Classification and Categorization 
  • Text Analytics 
  • Speech Analytics

By Service

  • Managed Service
  • Professional Service

By Application

  • Information Extraction
  • Machine Translation
  • Report Generation
  • Others

By End User

  • Banking, Financial Services and Insurance (BFSI)
  • IT and Telecommunication
  • Government
  • Retail & Consumer Goods
  • Healthcare
  • Education
  • Automotive
  • Media and Entertainment
  • Energy and Utilities
  • Others

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