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The global Natural Language Processing (NLP) market size is anticipated to reach over USD 41 billion by 2025. This can be attributed to the increase in internet penetration in developing countries such as India, China, and others.
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Adroit Market Research Natural Language Processing (NLP) Natural Language Processing (NLP) Market Market by Application (Machine Translation, Information Extraction, Automatic Summarization, Text Classification, Sentiment Analysis, Others), Data Type (Text, Voice/Speech, and Image), End-user (BFSI, IT and Telecom, Retail, Media and Entertainment, Education, Others), and by Region, Global Forecast 2018 to 2025 Single Use License: US$ 4400 Request Sample +1 (214) 884-6068 sales@adroitmarketresearch.com www.adroitmarketresearch.com
Adroit Market Research The Growing Demand For Analyzing The Data Generated From Conversations To The Growing Demand For Analyzing The Data Generated From Conversations To Enhance The Customer Experience Is Fueling Growth In Natural Language Processing Enhance The Customer Experience Is Fueling Growth In Natural Language Processing (NLP) Demand (NLP) Demand The global Natural Language Processing (NLP) market size is expected to surpass USD 41 billion by 2025, at a CAGR of ~23 %. This is owing to the growing demand for analyzing the data generated from conversations, social media, and other sources to enhance the customer experience. NLP allows devices and systems to read, understand and provide insights by analyzing human languages. One of the major use of NLP is in customer service centers and Healthcare. In Healthcare, it is used to recognize and predict diseases based on the patient’s electronic health records and speech. Similarly, in customer service centers, it is being used to predict customer demand in real-time and allowing services agents to provide optimal solutions. However, the initial setup costs rise and a lack of skilled professionals to understand the outcome of NLP is anticipated to hamper the market growth. The report also highlights numerous aspects of the global Natural Language Processing by evaluating the market through value chain analysis. Besides, the report covers numerous qualitative aspects of the Natural Language Processing (NLP) industry in market drivers, restraints, and key industry opportunities. Furthermore, the report offers a complete assessment of the market rivalry along with company profiling of local as well as global vendors. The Natural Language Processing (NLP) market has strong competition among the well-established as well as new emerging players. Also, the Natural Language Processing technology players are targeting prospective markets to capture a competitive advantage over the other industry players by forming agreements, mergers & acquisitions, acquiring new startups & other companies, forming collaboration and partnerships, and expanding their business presence. +1 (214) 884-6068 sales@adroitmarketresearch.com www.adroitmarketresearch.com
Adroit Market Research The Growing Demand For Analyzing The Data Generated From Conversations To The Growing Demand For Analyzing The Data Generated From Conversations To Enhance The Customer Experience Is Fueling Growth In Natural Language Processing Enhance The Customer Experience Is Fueling Growth In Natural Language Processing (NLP) Demand (NLP) Demand North America is expected to contribute significantly in this market during the forecast period 2020–2025. This is due to the rapid developments in infrastructure and the high adoption of digital technologies in the region. Also, the presence of the majority of the key players in these regions is boosting the demand for NLP in North America. The US is expected to have the largest market share in the North American market, however, Canada will witness the fastest growth rate during the forecast period. The major players in the global Natural Language Processing (NLP) market are Google, IBM, Microsoft, Intel, Apple, AWS, and Facebook. The other potential players in the Natural Language Processing (NLP) market are Inbenta Technologies, 3M, Veritone, Dolbey, Narrative Science, Lexalytics and Automated Insights. The NLP market is fragmented with the existence of well-known global and domestic players across the globe. It has been observed that the well-established companies are coming up with innovative and new versions of NLP technologies. Browse the complete report on @ https://www.adroitmarketresearch.com/industry-reports/natural-language- processing-nlp-market +1 (214) 884-6068 sales@adroitmarketresearch.com www.adroitmarketresearch.com
Adroit Market Research Segment Overview of Global Natural Language Processing (NLP Segment Overview of Global Natural Language Processing (NLP) Market ) Market By Application, 2018-2025 (USD Billion) Machine Translation Information Extraction Automatic Summarization Text Classification Sentiment Analysis Others By Data Type, 2018-2025 (USD Billion) Text Voice/Speech Image By End-user, 2018-2025 (USD Billion) BFSI IT and Telecom Retail Media and Entertainment Education Others +1 (214) 884-6068 sales@adroitmarketresearch.com www.adroitmarketresearch.com
Adroit Market Research Segment Overview of Global Natural Language Processing (NLP Segment Overview of Global Natural Language Processing (NLP) Market ) Market By Deployment, 2018-2025 (USD Billion) Cloud On-premises Regional Overview, 2015-2025 (USD Million) • North America • Europe • Asia Pacific • South America • Middle East & Africa Purchase a single user copy of the global Natural Language Processing (NLP) market report@ https://www.adroitmarketresearch.com/researchreport/purchase/1536 +1 (214) 884-6068 sales@adroitmarketresearch.com www.adroitmarketresearch.com
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