Natural Language Processing Market Size Regional Analysis, Key Players, Opportunities and Forecast to 2030
Natural Language Processing Market Size 2021
The Natural Language Processing Market Size is a part of artificial intelligence that aids the computers to understand, interpret and manipulate human language. The technology includes many disciplines, including computer science and computational linguistics, in its pursuit to bridge the gap between computer understanding and human communication. The NLP helps computers to communicate with humans in their own language along with other language-related tasks. One such example is the implementation of NLP through which it helps computers to read the text, hear speech and then interpret it. Some advanced applications includes the measurement of sentiments and to determine which parts of the message is important.
In terms of revenue, the Natural Language Processing Market Size stood at US$ 12,749 Mn in 2018, and is anticipated to reach US$ 42,591 Mn by 2027, expanding at a CAGR of 18.4% during the forecast period. The detailed research study provides qualitative and quantitative analysis of Natural Language Processing Market Size.
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Major Key Players:
Key players operating in the global Natural Language Processing Market Size are 3M Company, Abe AI Inc., Amazon Web Services, Inc., Apple Inc., Aylien Ltd., Cortical.io AG, DigitalGenius, Inc., Dolbey Systems, Inc., Expert System S.p.A., ExplosionAI GmbH, Flamingo Ai, Google LLC, Hewlett Packard Enterprise Co., IBM Corporation, Lexalytics, Inc., Microsoft Corporation, MobVoi Inc. (HK SMARTMV LIMITED), MonkeyLearn Inc., NetBase Solutions, Inc., SAS Institute Inc., SoundHound, Inc., TextRazor Ltd., Verint Systems Inc. amongst others.
Key Findings of the Report:
In terms of revenue, the North American region accounted for the highest market share in 2018 and is anticipated to witness a sustainable CAGR over the forecast period
Statistical type among the different types of NLP model accounted for a significant market share in 2018 and is expected to grow at a CAGR of 15.9% over the forecast...
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