Natural Language Processing (NLP) Market Key Players - Nuance Communications, IBM Corporation, Google Inc., Microsoft Corporation, 3M Company, SAS Institute, Inc.

Market Research Future Adds “Natural Language Processing (NLP) Market Demand, Growth, Opportunities, Manufacturers, Analysis of Top Key Players and Forecast to 2022” To Its Research Database.
Description:
This report studies the global Natural Language Processing (NLP) Market , analyzes and researches development status and forecast in United States, EU, Japan, China and India. This report focuses on the top players in global market, like

Nuance Communications (U.S.), IBM Corporation (U.S.), Google Inc. (U.S.), Microsoft Corporation (U.S.), 3M Company (U.S.), SAS Institute, Inc. (U.S.), Cerner Systems, Inc. (U.S.), Dolbey Systems, Inc. (U.S.), Verint Systems, Inc. (U.S.), and Oracle Corporation (U.S.), among others.

Industry News:

- Dolbey Systems got appreciation in year 2015 for speech recognition in KLAS category. Dolbey has developed fusion speech recognition product which include front-end and back-end speech software.

- 3M Company has acquired Switzerland based medical coding technology company, Semfinder in September 2016. This acquisition would provide new coding technology which will enable 3M to accelerate its 3M 360 encompass system in other regions where there is a high adoption of electronic medical records.

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Market Scenario

The major growth driver of Natural Language Processing (NLP) Market includes growing market of machine technologies and advanced devices such as computers, and smartphones, rise in adoption of big data technologies, high usage of speech technology in automotive service center, and growing focus on social media monitoring among others.

Hence the market for Natural Language Processing (NLP) is expected to grow at high CAGR (2016-2022). However, high installation cost is one of the factors which are hindering the growth of Natural Language Processing (NLP) Market.

The Natural Language Processing (NLP) is a computer algorithm which processes the human voice, understands the text and makes it accessible on computer application. The growing need of speech recognition and text conversation in education, automotive and healthcare sector to handle much larger data sets in the respective field is generating demand for the market growth study of natural language processing (NLP); it also provides competitive advantage to various major companies.

Segments

Global Natural Language Processing (NLP) Market can be segmented as follows:

Segmentation by Type: Rule-based, Statistical, and Hybrid NLP.

Segmentation by Method: Recognition, Operational and analytics technologies.

Segmentation by Deployment: on-demand and on-premise.

Segmentation by Applications: Education, Healthcare, Communication, Enterprises, BFSI, Retail, Government and Automotive among others.

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