21.0% Growth Rate for Natural Language Processing Market by 2024 | Latest Innovation, Advance Technology, Top Companies

According to Market Study Report, Natural Language Processing Market 2019 provides a comprehensive analysis of the Natural Language Processing Market segments, including their dynamics, size, growth, regulatory req`uirements, competitive landscape, and emerging opportunities of global industry. This report also provides market landscape and market share information in the Natural Language Processing Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Global Natural Language Processing (NLP) Market size to grow from US$ 10.2 Billion in 2019 to US$ 26.4 Billion by 2024, at a Compound Annual Growth Rate (CAGR) of 21.0% during the forecast period 2019–2024. This report spread across 170 Pages, Profiling 20 Companies and Supported with 100 Tables and 56 figures is now available in this research.

Top Companies Profiled in the Natural Language Processing Market:
• Google (US)
• IBM (US)
• Microsoft (US)
• Intel (US)
• Apple (US)
• AWS (US)
• Facebook (US)
• Inbenta Technologies (US)
• 3M (US)
• Veritone (US)
• Dolbey (US)
• Narrative Science (US)
• Bitext (US)
• Health Fidelity (US)
• Linguamatics (UK)
• Conversica (US)
• SparkCognition (US)
• Automated Insights (US)
• SAS Institute (US)
• Baidu (China

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“Services segment to grow at a higher CAGR of during the forecast period”
The NLP market, by component, has been segmented into solutions and services. Professional and managed services enable organizations to maintain healthy consumer relationships. Additionally, these services assist enterprises in maximizing their resource usage, effectively executing the activities, which enhance business operations.

“Banking, financial services and insurance industry vertical to hold the largest market size during the forecast period”
Companies across the BFSI sector need to retain customers, cut costs, and increase profits and comply with the changing rules and regulations. NLP-based products are helping companies in the BFSI industry mitigate risks through applications majorly in information retrieval, intent parsing, and customer service and compliance process automation applications, among others.

Competitive Landscape of Natural Language Processing Market:
1 Competitive Leadership Mapping Overview
2 Competitive Leadership Mapping
2.1 Visionary Leaders
2.2 Innovators
2.3 Dynamic Differentiators
2.4 Emerging Companies

Research Coverage:
The report segments the global NLP market by component (solution and services), application, type, deployment mode, organization size, vertical, and region. The NLP market by industry vertical is divided into BFSI, retail and eCommerce, manufacturing, healthcare and life sciences, government and defense, media and entertainment, IT and telecommunications, travel and hospitality, and others (research and education, and energy and utilities). The component segment comprises solutions and services.

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This release was published on openPR.