The global natural language processing market was valued at USD 10.7 Bn in 2021. The market is projected to grow USD 48.4 Bn in 2030, at a CAGR of 25.4%. Natural Language Processing (NLP) is a type of artificial intelligence (AI) that enables humans to converse with computers using natural language. Syntactic and semantic analysis are the two main methods for processing speech in Natural Language Processing (NLP). Syntactic analysis uses principles about sentence form (syntax) to deduce a portion of what is being said. Semantic analysis, which aims to distil the meaning of the words, is supplemented by Natural Language Processing (NLP). Algorithms convert spoken words into a computer-readable representation. NLP's ultimate goal is to bridge the gap between how people interact in natural language and how computers perceive machine language.
NLP solutions/services are widely used in a variety of industries, including healthcare, manufacturing, BFSI, advertising, and automotive. Manufacturing, robotics, and process automation are all examples of this. NLG has been integrated into robots, which helps the manufacturing industry enhance production efficiency and workflow. As a result, usage of these solutions is expected to increase in the near future.
The report offers insightful information about the market dynamics of the Natural Language Processing market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Natural Language Processing market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Natural Language Processing market.
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The study’s scope includes a rating of main service providers, profits and pricing in key market segments utilizing business scenarios. The Natural Language Processing research study also investigates the supply chain and industry dealers in depth. The market study also considers a number of crucial elements that influence the global industry’s growth. The report also provides a statistical picture of the global industry, indicating the number of external and internal driving and restraining factors. The Natural Language Processing Market Research study’s will feature a large amount of unique data. A number of Natural Language Processing industry professionals and key opinion leaders also do extensive quantitative and qualitative research in order to obtain a better understanding of the market and industry performance.
The report provides a comprehensive analysis of company profiles listed below:
Google Inc.
Microsoft Corporation
Hewlett Packard Enterprise Development LP
SAS Institute Inc.
IBM Corporation
NetBase Solutions Inc.
Verint System Inc.
Genpact Limited
Adobe Inc.
Intel Corporation
NVIDIA Corporation
Amazon Web Services Inc.
App Orchid Inc.
Inbenta Technologies Inc.
Veritone Inc.
SAP SE
Salesforce.com Inc.
Rasa Technologies GmbH
Klevu Oy
The study report offers a comprehensive analysis of Natural Language Processing Market size across the globe as regional and country level market size analysis, CAGR estimation of market growth during the forecast period, revenue, key drivers, competitive background and sales analysis of the payers. Along with that, the report explains the major challenges and risks to face in the forecast period. Natural Language Processing Market is segmented by Type, by Application, Players, stakeholders and other participants in the global Natural Language Processing Market will be able to gain the upper hand as they use the report as a powerful resource.
Global Natural Language Processing Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America (Brazil, Argentina and Colombia etc.)
• Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
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This research report gives detailed data about the major factors influencing the growth of the Natural Language Processing market at the global level forecast of the market size, in terms of value, market share by region and segment, regional market positions, segment and country opportunities for growth, Key company profiles, SWOT Analysis, product portfolio and growth strategies. In this report, the market’s essential sides such as top participants, expansion strategies, business models and other market features to improve Natural Language Processing market insight.
