The new report titled ‘Global Natural Language Processing Market’, published by Emergen Research, is methodically curated by our team of analysts, keeping readers’ understanding in mind, and includes a wide-ranging database of industry distribution. The report takes a closer look at the historical and current market scenarios to accurately predict the global Natural Language Processing Market outlook over the forecast duration (2019-2030). Researchers have taken a holistic approach towards the global market analysis and highlighted the factors that influence the overall growth of the market. The study involves the use of efficient analytical tools like SWOT analysis and Porter’s Five Forces to inspect the strengths, weaknesses, opportunities, and threats associated with the growth of the various market segments.
At a constant revenue CAGR of 25.7% from 2017 to 2030, the size of the worldwide Natural Language Processing (NLP) market is anticipated to reach USD 98.05 billion. The consistent market revenue development of NLP can be due to the rising demand for cloud-based NLP solutions to lower overall costs and improve scalability. Given the rapid expansion of cloud computing services, combining NLP on the cloud has enormous advantages. It enables academics to execute NLP-related experiments on enormous volumes of data processed using big data techniques employing the enormous, on-demand computing capability of the cloud. Its cloud-based tools and applications, however, have not been widely enough spread, and there is little literature that reflects the range of interdisciplinary endeavour. Natural language processing, big data, and cloud computing are all vast topics with prospects and challenges. By merging these sciences, these barriers can be surmounted and a great deal of potential for NLP and its applications can be unleashed.
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Competitive Outlook:
The global Natural Language Processing market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Natural Language Processing market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers acquisitions, new product launches, and joint ventures.
Some major companies in the global market report include IBM, Microsoft, Google, Amazon Web Services, Inc., Meta, 3M, Baidu, Apple Inc., SAS Institute Inc., IQVIA
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The report projects the market is anticipated to grow at a significant rate owing to rapid advancements and technological developments in the sector. The report offers strategic recommendations to businesses and investors to capitalize on the lucrative growth opportunities. The report further provides a comprehensive analysis of the competitive landscape and provides complete coverage with regard to company profiles, product portfolio, revenue generation, financial standing, and market position. It also covers mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, agreements, and partnerships, among others. It also offers insights into the manufacturing processes, revenue estimations, RD advancements, and industrial penetration.
Emergen Research has segmented the global Natural Language Processing (NLP) market on the basis of component, type, application, vertical, and region:
- Component Outlook (Revenue, USD Million; 2019–2030)
- Solutions
- Services
- Type Outlook (Revenue, USD Million; 2019–2030)
- Rule-Based
- Statistical
- Hybrid
- Application Outlook (Revenue, USD Million; 2019–2030)
- Customer Experience Management
- Virtual Assistant/Chatbots
- Social Media Monitoring
- Sentiment Analysis
- Other Applications
- Vertical Outlook (Revenue, USD Million; 2019–2030)
- Banking, Financial Services, Insurance (BFSI)
- IT ITES
- Retail E-Commerce
- Healthcare Life Sciences
- Other Verticals
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Major Geographies Analyzed in the Report:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Elucidating the competitive landscape of the Global Natural Language Processing Market:
The global Natural Language Processing market report offers viable insights into the competitive spectrum of the Natural Language Processing business sphere.
The report systematically profiles the company information of each market player.
It identifies the estimated industry share, production facilities, development prospects, and geographies served by each market player.
The study showcases the extensive product portfolios of the prominent market contenders.
It offers critical data information about the product application scope and the end-user landscape.
The study provides salient information about the pricing models of the products offered by these companies. Moreover, it determines the gross profits and losses experienced by them throughout their market tenures.
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