Natural Language Processing Market is expected to reach USD 9.2 billion in 2019 With Leading Players Google, IBM, Microsoft, Intel, Apple, AWS, Facebook, Inbenta Technologies, 3M, Veritone, Dolbey, SparkCognition, Automated Insights, SAS Institute

The Global Natural Language Processing Market is expected to reach USD 9.2 billion in 2019 and anticipated to grow at a CAGR of 18.4% during the forecast period. NLP is an interdisciplinary field concerned with the interactions between computers and human natural languages in terms of speech or text.

The latest report added by Quince Market Insights provides in-depth insights into the drivers and constraints in the worldwide market for natural language processing. A comprehensive take on the overall market is provided by QMI in the latest research report titled global natural language processing market. QMI's research team has carefully assessed the milestones achieved by the global market for natural language processing and the current trends which are likely to shape their future. The methodologies of primary and secondary research were used to compile an exhaustive report on the subject. QMI offers an unbiased view of the market for chatbot to guide clients towards a well-informed business decision.

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The NLP-powered software assists users in their daily lives in various ways like spell checking, personal assistant, and machine translation. Considering the case, if the user features a bank or a restaurant with an enormous load of consumers orders and complaints, handling the request during a manual manner are going to be cumbersome and constant, also less efficient in terms of productivity, therefore the users can use a chat-bot for his or her business, which can automate such process and reduce human interaction so as to extend productivity and efficiency of the business.

The natural language processing market is segmented into solutions and services. The solution segment is going to dominate the market owing to the presence of leading players within the market are either offering platforms or software tools to integrate it into their solutions. Moreover, the rise in the adoption of NLP solutions is growing worldwide, with the increasing awareness about perceived benefits.

This report also includes the profiles of key Natural Language Processing market companies along with their SWOT analysis and market strategies. In addition, these competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
Google
IBM
Microsoft
Intel
Apple
AWS
Facebook
Inbenta Technologies
3M
Veritone
Dolbey
Narrative Science
Bitext
Health Fidelity
Linguamatics
Conversica
SparkCognition
Automated Insights
SAS Institute
Baidu

Key Factors Impacting the Growth of Natural Language Processing Market:
The integration of natural language processing in the AI-based components is expected to influence market growth.
Growth in adoption of natural language processing in the end-use industries

Regional segmentation and analysis to understand growth patterns:

North America is predicted to dominate the market due to the rising big data volume, including the increasing demand to reinforce consumer satisfaction within the US, which is predicted to drive the NLP market growth within the country. The country is that specialize in its defense sector, primarily related to technological advancements. In September 2018, the defense advanced research projects agency (DARPA) announced to spice up its investment in AI over the subsequent five years, worth USD 2 billion. As a result, it's likely to possess a positive impact on the NLP market growth within the country over the forecast period.

Furthermore, the increasing demand for speech analytics within the US has compelled the businesses to make partnerships and offer exceptional services. For instance, in August 2018, Amazon and Microsoft launched Cortana-Alexa public preview for Windows 10 PCs and Echo speakers within the US, which might allow the purchasers to possess the advantages of both the assistants at an equivalent time. Thus, it'll create an enhanced customer experience with diverse added benefits, thereby, attracting more consumers, which successively is projected to possess a positive impact on the market growth within the country.

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Key Developments in Natural Language Processing Market:
In February 2019, the research consortium, namely, Google DeepMind, Facebook AI, New York University, and the University of Washington launched a benchmark to measure natural language processing (NLP) abilities.
In December 2019, Hugging Face raised USD 15 million for its innovation and development of open-source natural language processing platform.
In December 2019, Luminoso launched QuickLearn 2.0, the next generation of its proprietary natural language modeling system. The innovation was aimed to turns unstructured text data into business-critical insights and reduces biases in AI-powered text analysis.

Market Segmentation:
Based on the Component
Solutions
Software Tools
Platform
Services
Managed Services
Professional Services

Based on Application
Machine Translation
Information Extraction
Automatic Summarization
Question Answering
Text Classification
Sentiment Analysis
Others

Based on Deployment Mode
On-premises
Cloud

Based on Organization Size
Small and Medium-sized Enterprises (SMEs)
Large Enterprises

Based on Industry Vertical
Banking, Financial Services and Insurance (BFSI)
Manufacturing
Healthcare and Life Sciences
Retail and eCommerce
Government and Defense
Media and Entertainment
Telecommunications and IT
Others

By Region:
North America
By Country (US, Canada, Mexico)
By Component
By Application
By Deployment Mode
By Organization Size
By Industry Vertical

Western Europe
By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
By Component
By Application
By Deployment Mode
By Organization Size
By Industry Vertical

Eastern Europe
By Country (Russia, Turkey, Rest of Eastern Europe)
By Component
By Application
By Deployment Mode
By Organization Size
By Industry Vertical

Asia Pacific
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Component
By Application
By Deployment Mode
By Organization Size
By Industry Vertical

Middle East
By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
By Component
By Application
By Deployment Mode
By Organization Size
By Industry Vertical

Rest of the World
By Region (South America, Africa)
By Offering
By Component
By Application
By Deployment Mode
By Organization Size
By Industry Vertical

Reasons to Buy This Report:
Market size estimation of the�natural language processing market�on a regional and global basis
Unique research Usage for market size estimation and forecast
Profiling of major companies operating in the market with key developments
Broad scope to cover all the possible segments helping every stakeholder in the market

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