The Global Natural Language Processing (NLP) Market is expected to grow at a CAGR of 20.10% in the forecast period of 2021 to 2028 and is likely to reach the USD 50.62 billion by 2028. The growing use of smart devices will enhance the market growth rate.
Moreover, swift urge of predictive analytics for reducing risks will boost the beneficial opportunities for the growth of natural language processing (NLP) market.
Natural Language Processing (NLP) Market Scenario
According to Data Bridge Market Research the market for natural language processing (NLP) is expected to gain growth due to the rising utilization of IT and automation globally. Also, the rise in demand for cloud-based NLP solutions will cushion the growth of natural language processing (NLP) market over the forecast period of 2021 to 2028. However, regulatory as well as privacy concerns over data security will challenge the growth of natural language processing (NLP) market in the above-mentioned forecast period.
Now the question is which are the other regions that natural language processing (NLP) market is targeting? Data Bridge Market Research has estimated Asia-Pacific, the growing regions of the market due to the rising investment in artificial intelligence in this region.
For more analysis on the natural language processing (NLP) market request for a briefing with our analysts, https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-natural-language-processing-nlp-market
Natural Language Processing (NLP) Market Scope
Natural language processing (NLP) market is segmented on the basis of countries into the U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.
- All country based analysis of natural language processing (NLP) market is further analyzed based on maximum granularity into further segmentation. The component segment of the natural language processing (NLP) market is segmented into solutions, and services. On the basis of type, the natural language processing (NLP) market is segmented into rule-based, statistical and hybrid. Based on processing type, the natural language processing (NLP) market is segmented into text, speech/voice and image. On the basis of technology, the natural language processing (NLP) market is segmented into recognition technologies, operational technologies and analytics technologies. Based on deployment mode, the natural language processing (NLP) market is segmented into on-premises and cloud. On the basis of organization size, the natural language processing (NLP) market is segmented into large enterprises and small and medium enterprises. Based on end user, the natural language processing (NLP) market is segmented into IT and telecom, banking, financial services, and insurance, healthcare and life sciences, government and public sector, retail and E-Commerce, manufacturing, energy and utilities, transportation and logistics and others. The application segment of the natural language processing (NLP) market is segmented into machine translation, sentiment analysis, risk and threat detection, automatic summarization, data extraction, question answering, content management, report generation, language scoring and others.
- Natural language processing (NLP) is a type of artificial intelligence computer application that can understand human language. Based on a set of theories and technologies, this automated technique allows the computer to study and interpret human communication.
To know more about the study, https://www.databridgemarketresearch.com/reports/global-natural-language-processing-nlp-market
Key Pointers Covered in the Natural Language Processing (NLP) Market Industry Trends and Forecast to 2028
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market Installed Base
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Cost of Care Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
Key Market Competitors Covered in the Report
- IBM
- Wipro Limited
- Microsoft
- Amazon Web Services, Inc.
- Apple Inc.
- 3M
- Intel Corporation
- SAS Institute Inc.
- Inbenta Technologies Inc.
- Veritone, Inc.
- Dolbey
- Narrative Science
- Bitext
- Health Fidelity, Inc.
- Linguamatics
- Conversica, Inc.
- SparkCognition,
- RaGaVeRa Indic Technologies Pvt Ltd.,
Above are the key players covered in the report, to know about more and exhaustive list of natural language processing (NLP) companies’ contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-natural-language-processing-nlp-market
Research Methodology of Global Natural Language Processing (NLP) Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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