What's Driving the Cloud Natural Language Processing Market Growth? 3M, Apple, Amazon Web Services, Convergys, Facebook, Fuji Xerox, Google, HP, IBM, Microsoft, Nuance Communications, SAP, SAS, Verint Systems

In a quest to fill the chasm between computer understanding and human communication, stakeholders in cloud natural language processing market are vying to augment the automation. Soaring traction towards cloud NLP has been spurred by palpable penetration of commercial applications in the market. An array of companies is shifting customer communications effort to automated chatbots.

While media companies count on NLP to write news articles, online marketplaces are using it to spot fake reviews and social media companies use it to filter hateful content. As such, huge investments are predicted in cloud natural processing in the ensuing period. Moreover, demand for cloud NLP has surged across industries, including media and advertisement, IT & telecommunication, BFSI, healthcare, among others.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/2202

In the current landscape, cloud NLP is highly sought-after in hospitals, daycare centers and diagnostics. It is widely believed that adoption of cloud NLP has seemingly streamlined pharmaceutical and healthcare industry. For instance, assimilation of transcriptions and sharp plunge in medication errors have become plausible after cloud NLP came to the fore.

Cloud natural language processing market is expected to surpass US$ 6.1 bn by 2024-end, according to Global Market Insights, Inc's latest research report.

Company profiled in cloud natural language processing market report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
3M, Apple, Amazon Web Services, Convergys, Facebook, Fuji Xerox, Google, HP, IBM, Microsoft, Nuance Communications, SAP, SAS, Verint Systems

North America has been one of the early adopters of cloud NLP in light of surging investments in big data, machine learning and deep learning. Companies such as Google and Amazon are foraying into IoT and cloud to provide state-of-the-art technology.

Mergers and acquisitions being witnessed in the region are anticipated to fuel cloud natural language processing market forecast. For instance, in March 2017, Google acquired Kaggle, an online community of machine learners and data scientists. Reportedly, Google has acquired minimum 270 companies over the last two decades.

The cut-throat competition prevailing in North America is likely to propel cloud natural language processing market share during the assessment period.

Palpable demand for machine learning has prompted cloud providers to develop natural language processing related services that will potentially cut infrastructure cost and lower the workload. As such, sophisticated features are wooing investors to pour money into AI. For instance, in 2017, over 300% upsurge in investment was apparently witnessed in artificial intelligence.

Of late, Google is expanding its footprint in industries such as Artificial Intelligence. Since 2012, the tech giant has acquired over 25 AI-based companies, while Apple has apparently acquired 8 AI start-ups in the last half-a-decade. It is viable to estimate that unprecedented investments witnessed in AI is likely to shape cloud natural language processing market trends.

Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/2202

In a consolidated cloud NPL market, prominent companies such as IBM, Google and Microsoft are expected to hold major positions in the ecosystem. These companies are increasingly investing in smart devices and pushing to the limits to cash in on big data and IoT. The cut-throat competition has meant that companies adopt strategic business approach to propel cloud natural language processing market share. Besides, Amazon has made its presence felt in the industry by adopting big data and IoT. Through its launch of 22 services, incorporating machine learning, analysis and data storage, the e-commerce giant is expected to boost cloud NLP market revenue.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

This release was published on openPR.