Natural Language Processing (NLP) Market Analysis and Foresight Report to 2022

Overview - Global Natural Language Processing Market:
The Natural Language Processing (NLP) is a computer algorithm which processes the human voice, understands the text and makes it accessible on computer application. The growing need of speech recognition and text conversation in education, automotive and healthcare sector to handle much larger data sets in the respective field is generating demand for the market growth study of natural language processing (NLP); it also provides competitive advantage to various major companies.

With their unique quality of simplifying the Market Reports, “Market Research Future” presents a Deep Diving Report on Market Prospect of “Global Natural Language Processing Market.”

The Report allows you to Surf through the full Market Analysis, Opportunities, Price, Growth, Trends and the market Predictions for the period 2016 to 2022 helps you to find out:
• How the market revenue is progressing globally.
• What are the key driving or affecting factors for the market growth?
• How the market revenue is progressing in various segments & geographies.
• Who are the emerging Players, current players & the Key Players (Leaders) of the market? Get yourself acquainted with their trends.
• What are the current main market trends responsible for shaping up the Market Acquisitions

The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. It provides detailed information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Key Players
o Nuance Communications (U.S.)
o IBM Corporation (U.S.)
o Google Inc. (U.S.)
o Microsoft Corporation (U.S.)
o 3M Company (U.S.)
o SAS Institute, Inc. (U.S.)
o Cerner Systems, Inc. (U.S.)
o Dolbey Systems, Inc. (U.S.)
o Verint Systems, Inc. (U.S.)
o Oracle Corporation (U.S.)

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Industry News:
• Dolbey Systems got appreciation in year 2015 for speech recognition in KLAS category. Dolbey has developed fusion speech recognition product which include front-end and back-end speech software.
• 3M Company has acquired Switzerland based medical coding technology company, Semfinder in September 2016. This acquisition would provide new coding technology which will enable 3M to accelerate its 3M 360 encompass system in other regions where there is a high adoption of electronic medical records.

Segments
Segmentation by Type
• Rule-based
• Statistical
• Hybrid NLP

Segmentation by Method
• Recognition
• Operational and analytics technologies

Segmentation by Deployment
• On-Demand
• On-Premise

Segmentation by Applications
• Education, Healthcare
• Communication
• Enterprises
• BFSI
• Retail
• Government
• Automotive

Market Synopsis & Scenario - Global Natural Language Processing Market:
The Report indicates that the global natural language processing market will prove to be extremely lucrative for the future.
The major growth driver of Natural Language Processing (NLP) Market includes growing market of machine technologies and advanced devices such as computers, and smartphones, rise in adoption of big data technologies, high usage of speech technology in automotive service center, and growing focus on social media monitoring among others.
Hence the market for Natural Language Processing (NLP) is expected to grow at considerable rate of CAGR (2016-2022).
However, high installation cost is one of the factors which are hindering the growth of Natural Language Processing (NLP) Market.

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Regional Analysis - Natural Language Processing (NLP) Market:
North America is dominating the Global Natural Language Processing (NLP) Market with the largest market share in the region, and therefore accounting for a substantial amount and is expected to grow immensely by 2022. Natural Language Processing (NLP) Market in Europe market is expected to grow continually wide by 2022. The Asia-Pacific market for Natural Language Processing (NLP) Market is too expected to grow at a huge rate of CAGR during the forecasting period (2016-2022).

High adoption of big data technologies and rise in use of speech technology in automotive service center is the key trend for this market. With increasing investment of market players in manufacturing and developing Smartphones and tablets to serve the growing market of machine technologies and advanced devices such as computers, and smartphones, especially the American and APAC countries are taking many initiatives to implement the Natural Language Processing (NLP) effectively in their region

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Akash Anand,
Market Research Future
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Email: akash.anand@marketresearchfuture.com

This release was published on openPR.