Covid-19 Impact on Natural Language Processing (NLP) Market Worth USD 1.748 Billion by the end of 2025

This report also analyses the impact of Coronavirus COVID-19 on the Natural Language Processing (NLP) industry.

In 2018, the global Natural Language Processing (NLP) market size was 486.4 million USD and it is expected to reach 1.748 billion USD by the end of 2025, with a CAGR of 20.1% during 2019-2025.

Natural language processing (NLP) is a branch of artificial intelligence that deals with the interaction between computers and humans using the natural language (spoken or written data), not in the artificial languages such as Java and C++.

NLP in healthcare are mainly classified into the following types: machine translation, information extraction, automatic summarization, text and voice processing and other. Machine translation is the most widely used type which takes up about 45.7% of the total sales in 2018.

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Based on our recent survey, we have several different scenarios about the Natural Language Processing (NLP) Market growth rate for 2020. The probable scenario is expected to grow by a xx% in 2020 and the revenue will be xx in 2020 from USD 854.6 million in 2019. The market size of Natural Language Processing (NLP) will reach xx in 2026, with a CAGR of xx% from 2020 to 2026.

With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Natural Language Processing (NLP) market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Natural Language Processing (NLP) market in terms of revenue.

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Players, stakeholders, and other participants in the global Natural Language Processing (NLP) market will be able to gain the upper hand as they use the report as a powerful resource. For this version of the report, the segmental analysis focuses on revenue and forecast by each application segment in terms of revenue and forecast by each type segment in terms of revenue for the period 2015-2026.

The following players are covered in this report:

o 3M
o Linguamatics
o Amazon AWS
o Nuance Communications
o SAS
o IBM
o Microsoft Corporation
o Averbis
o Health Fidelity
o Dolbey Systems

Natural Language Processing (NLP) Breakdown Data by Type

o Machine Translation
o Information Extraction
o Automatic Summarization
o Text and Voice Processing
o Others

Natural Language Processing (NLP) Breakdown Data by Application

o Electronic Health Records (EHR)
o Computer-Assisted Coding (CAC)
o Clinician Document
o Others

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