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The report titled showcases an in-depth analysis of the market in terms of market size segmentation by region application end-user industry vertical solution and technology. This report also forecasts the growth numbers till 2019 (on a YoY basis) and hence suggests the Compound Annual Growth Rate (CAGR) for the estimated period.
The report brings about a detailed description of the North America market and provides the respective market forces (drivers constraints opportunities and challenges).
NLP Market Overview
With growing usage of computers Internet smartphones and other personal devices the need for human and machine level interaction has increased. Businesses to individual users now want machines that respond to their queries assist them in their day-to-day operations and all-in-all make their life easier and organized. This has given rise to increased demand for technologies like Natural Language Processing (NLP) which is now being rapidly commercialized. NLP which was earlier a topic of research for various educational and research organizations is now growing to be a commercial product.
Additionally there is growing technology advancement in smartphones biometrics and social media which has forced the organizations to bring the enhanced customer service experience which in-turn is driving the demand for NLP based solutions. Language processing tools that were developed earlier concentrated only on few languages and were used largely in developed countries. However with growing computing capabilities and businesses going global the need for multi-lingual language processing tools is growing and this has paved way to the development of a new and advanced version of Natural Language Processing tools.
North America rules NLP
USA in North America is the major source of revenue for natural language processing. This region is home for most NLP providers in the world and consists of more end-users as well. The market here is mature enough and has been the leader in terms of acceptance of this technology. Most of research activities related to natural language processing have been initiated and implemented on these grounds and hence form the breeding ground for natural language processing. Among other regions APAC stands promising market for the technology with growing customer priority.
Globally awareness about natural language processing is still at its nascent stage and has limited acceptance all over the world. Similarly the complexities and costs involved in developing and implementation of NLP based solutions is high which restricts entry of new companies into the provider market and also deters end-users from adopting these solutions.
With growing importance of data improved research related to NLP and development of advanced cost effective NLP solutions businesses are expected to adopt NLP solutions at a higher rate in the future.
Market Segments and Forecasts Covered in the Report
The is segmented by:
· Application (Information Extraction Machine Translation Question Answering Report Generation Others)
· End-Users (Enterprise Mid-Size Small Business)
· Industry (Financial Services Government Healthcare Information Technology Manufacturing Media-Publishing-Advertising Retail Others)
· Solution (Hybrid Rule Based Statistical)
· Technology (Analytics Operational Recognition)
Companies discussed in the Global Natural Language Processing (NLP) research report include IBM Nuance Communications 3M HP Fuji Xerox Apple M*Modal SAS Oracle Verint Systems SAP Artificial Solutions Netbase Solutions Microsoft Attensity Google Sakhr Software Precyse Temis Expert System. To purchase the full report please call +1-408-469-4380 or mail us at
Uniqueness of this Report
· In-depth segmentation of the Natural Language Processing market
· Market drivers constraints opportunity and challenges are analyzed
· Market Metrics Market Share Porter’s Five Forces Analysis for global market
· Performance measurement of the leading market participants and gauging them against strategy and competence in the global arena through ResearchFox LAYERS
· Unique price structure with NLP report starting USD 300 (inclusive of all taxes) only
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About ResearchFox Consulting
ResearchFox is an with focus on delivering high quality research services to business professionals organizations and individuals through knowledge driven research methodology. We provide first-hand data services & reports on various industries technologies market parameters and key competitors in the industry thereby giving rational forecast on market trends to help clients identify prospective growth areas and gain competitive edge. Established as SBU of Han Digital group in 2009 ResearchFox was officially incorporated in 2012. We provide niche market research services which go beyond client - vendor transactions/ interactions by not only paving way for strong relationships but also creating a healthy ecosystem for actionable decision making.
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Pranab Sen
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