Natural Language Processing Market Is Growing Significantly | Google, IBM, Microsoft, Intel, Apple, AWS, Facebook and Others.

The report titled “Natural Language Processing Market” sheds a concentrated focus on the Natural Language Processing industry in terms of market driver, opportunities, restraints of global segmentation. Further data on the reports also includes demographic conditions, over-turning changing business cycles and analyzing country-to-market.

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The Global Natural Language Processing (NLP) Market size to grow from USD 10.2 Billion in 2019 to USD 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 are now available in this research.

Top Key Players 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)

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.

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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.

Breakdown of primary participants’ profile:
• By Company: Tier I: 15%, Tier II: 25%, and Tier III: 60%
• By Designation: C-Level Executives: 25%, Director-Level: 45%, and Others: 30%
• By Region: North America: 60%, Europe: 20%, APAC: 10%, and RoW: 10%

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

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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 educa

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This release was published on openPR.