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Language Processing Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports
Global Language Processing MarketNatural language processing (NLP) is an area of computer science and artificial intelligenceconcerned with the interactions between computers and human (natural) languages, in particular how to program computers to process and analyze large amounts of natural language data. Challenges in natural language processing frequently involve speech recognition, natural language understanding, and natural language generation.
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The global Language Processing market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
NLP is a way for computers to analyze, understand, and derive meaning from human language in a smart and useful way. By utilizing NLP, developers can organize and structure knowledge to perform tasks such as automatic summarization, translation, named entity recognition, relationship extraction, sentiment analysis, speech recognition, and topic segmentation.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Language Processing, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Language Processing.
The Language Processing market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Language Processing market comprehensively. Regional market sizes, concerning products by technology, by application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Language Processing companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by technology, by application, and by regions.
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Key Segmentations
By Company
• Addstructure
• Apple
• Dialogflow
• DigitalGenius
• IBM
• Klevu
• Microsoft
• Mindmeld
• NetBase
• Satisfi Labs
• Twiggle
• Inbenta
Segment by Technology
• Auto Coding
• Text Analytics
• Optical Character Recognition (OCR)
• Interactive Voice Response
• Pattern & Image Recognition
• Speech Analytics
Segment by Application
• Healthcare Sector
• Public Sector
• Retail Sector
• Media & Entertainment
• Manufacturing
• Other
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