Natural Language Processing Market – Current Impact to Make Big Changes |Hardware Providers, NVIDIA Corporation, Intel Corporation, Baidu Inc.

This report studies the Natural Language Processing market in many aspects of the industry such as market size, market conditions, market trends and forecasts, and the report also provides brief information on competitors and specific growth opportunities with key market drivers. To provide, find complete Natural Language Processing market analysis segmented by company, region, type and application in the report.

The report provides regional analysis and valuable insights into the progress of the Natural Language Processing market and approaches related to the Natural Language Processing market. The report talks about the dominant aspects of the market and examines each segment.

The global natural language processing (NLP) market was valued at USD 10.93 billion in 2019, and it is expected to be worth USD 34.80 billion by 2025, registering a CAGR of 21.5% during the forecast period.

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Top Companies in the Natural Language Processing Market- Hardware Providers, NVIDIA Corporation, Intel Corporation, Baidu Inc., Qualcomm Incorporated, Texas Instrument, Software and Service Providers, Google Inc., Microsoft Corporation, Micro Focus International PLC (HPE), SAS Institute Inc., IBM Corporation, NetBase Solutions Inc., Verint System Inc., Genpact Limited, Adobe Inc. and other.

1.Company Profile

  1. Business Segments Analysis
  2. Financial Analysis
  3. SWOT analysis & Porter’s Five Forces Analysis
  4. Possible Impact of COVID- 19 on Latest Market Conditions (Drivers, Restraints, Trends and Opportunities)

Industry News and Updates:

October 2019 – Google LLC had been planning to augment its search engine with natural-language processing features that were expected to be equipped with the most significant updates from the past five years. Google planned to add new NLP models to its search engine that uses a technique called Bidirectional Encoder Representations from Transformers, or BERT, to analyze user queries. The method allows artificial intelligence algorithms to interpret text more accurately by analyzing how the words in a sentence relate to one another.

– January 2020 – NetBase announced the merger with Quid, which is one of the prominent companies in AI-driven text analytics. As a result of this merger, the combined company will have an enhanced portfolio in the next generation consumer and market intelligence solution. The merged company will deliver contextual insights that reveal business trends across all forms of structured and unstructured data.:

Key Market Trends:

Speech analytics solutions have been gaining popularity among enterprises across the world, since the conventional text-based analytics solutions adopted by enterprises is no longer enough to handle complex business issues. Many organizations have been deploying speech analytics through a combination of internally recorded data, social media data, and external syndicated data, mainly to have a better understanding of their customer requirements.

– The growing advancement in voice assistant technologies, such as Amazons Alexa, is expected to fuel the adoption of speech analytics, over the forecast period. In May 2017, the US President Donald Trump “addressed” a conference in Tianjin from Washington, where he spoke flawless Chinese. This advanced voice assistance feature was developed by iFlytek Co. Ltd.:

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Geographic Coverage-
The report contains detailed country-level analysis, market revenue, market value and forecast analysis of ingestion, revenue and Natural Language Processing Market share, growth speed, historical and forecast (2015-2025) of these regions are covered:

-North America (the United States, Canada, and Mexico)

-Europe (Germany, France, UK, Russia, and Italy)

-Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

-South America (Brazil, Argentina, etc.)

-Middle East & Africa (Saudi Arabia, Egypt, Nigeria, and South Africa)

The current market situations and prospects of the sector also have been examined. Additionally, prime strategical activities in the market, which include product developments, mergers, and acquisitions, partnerships, etc., are discussed. Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.)

Major Points Covered in Table of Contents:

– Overview of Natural Language Processing Market
– Global Market Status and Forecast by Regions
– Global Market Status and Forecast by Types
– Global Market Status and Forecast by Downstream Industry
– Market Driving Factor Analysis
– Market Competition Status by Major Manufacturers
– Major Manufacturers Introduction and Market Data
– Upstream and Downstream Market Analysis
– Cost and Gross Margin Analysis
– Marketing Status Analysis
– Market Report Conclusion
– Research Methodology and Reference

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Key Questions Answered by Natural Language Processing Market Report

  1. What was the Natural Language Processing Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2025).
  2. What will be the CAGR of Natural Language Processing Market during the forecast period (2021-2025)?
  3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2025).
  4. Which manufacturer/vendor/players in the Natural Language Processing Market was the market leader in 2020?
  5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market. Market will experience a noticeable growth during the forecast period 2021-2025

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