Natural Language Processing (NLP) Market By Solution Type (Statistical NLP, Hybrid NLP), By Technology Type (Pattern And Image Recognition, Auto-coding, Text Analytics), By Service (Managed Services, Professional Services), By Deployment Model (Cloud-based Deployment, On-premises Deployment), By Application Type (Machine Translation, Information Extraction,), By Industry Vertical (Healthcare, Retail, Electronics, Others)-Growth, Future Prospects And Competitive Landscape, 2018 – 2026

    23-December-2019 | 160 Pages | | Report Code : RC-102

In 2017, Natural Language Processing (NLP) Market has arrived with the market value of US$ 9.69 bn and during the forecast period from 2018 to 2026 is expected to witness CAGR of 11.71%. Natural Language Processing is all about reckoning techniques to understand, learn and produce human language content. Verbal research with the mechanized analysis of the linguistic structure of language and developing basic technologies such as speech recognition, machine translation, speech synthesis were among the initial computational approach. In couple of decades, computational linguistics along with the scientific research has grown in practical technology as well, which is intensely incorporated in consumer products such as Apple’s Siri and Skype’s Translator. NLP is projected to serve more dynamic requirements of consumers because of consistent research on such technology.

Since late 1950s, machine translation was among the oldest non-numeric application of computation which was emphasized intensively. Nevertheless, the result so attained by the hand-built grammar-based  systems of early decades were finite. With maximum population online, making data approachable for all is an upcoming task. Several techniques were bought up for automatic evaluation of machine translation quality by comparing hypothesis translations. In the coming years, machine translation application anticipates to achieve an important growth rate across several industry verticals because of enhanced accuracy and efficiency.

Competitive Landscape

The key development strategy being adopted by top Natural Language Processing (NLP) Market players is product launch. Nokia has challenged top market players by introducing a new product named HERE, by using NLP techniques. Along with Nokia, the Key players of NLP market are SAS, Microsoft, Facebook, Apple, 3M, Nuance Communications, Netbase, Verint Systems, and Fuji Xerox.
The report provides both, qualitative and quantitative research of Natural Language Processing (NLP) Market as well as provides comprehensive insights and favored development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and details on the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by these major market participants are also recognized and analyzed in the report. For each company, the report studies their global presence, competitors, service offerings, specification, pricing, and gross margin.

NATURAL LANGUAGE PROCESSING (NLP) MARKET KEY DELIVERABLES
The Natural Language Processing (NLP) Market has been segmented based on types, technology, applications, end users and geography.
MARKET BY TYPES
•    Statistical NLP
•    Hybrid based NLP
•    Rule NLP

MARKET BY TECHNOLOGY
•    Recognition technologies
•    Operational technologies
•    Analytics technologies

MARKET BY APPLICATIONS
•    Machine translation
•    Information extraction
•    Report generation
•    Question answering
•    Others

MARKET BY END USER
•    Automotive
•    Healthcare
•    Banking Financial Services and Insurance
•    IT and Telecom
•    Government, Defense & Aerospace
•    Media & Advertisement
•    Academia and Education

MARKET BY GEOGRAPHY
•    North America
•    Europe
•    Asia-Pacific
•    LAMEA

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