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Feb. 14, 2020, 4:35 a.m. EST

Global Natural Language Processing Market 2020 | Prominent Factors by Industry Size, Share, Business Development Plans, Market Dynamics and Forecast to 2024

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Feb 14, 2020 (The Expresswire) -- Natural Language Processing Market research study contains size, share analysis based on the Top leading key players like Google Inc., Microsoft Corporation, 3M Company, SAS Institute Inc., IBM Corporation, NetBase Solutions Inc., Verint System Inc, Genpact Limited, Adobe Systems Incorporated, Intel Corporation, Nvidia Corporation, Amazon Web Services Inc., AppOrchid Inc., Inbenta Technologies Inc., Veritone Inc., SAP SE, Salesforce.com Inc., Rasa Technologies GmbH, Babylon Healthcare Services Limited, Klevu Oy, Micro Focus International PLC (HPE)

The new research report on “ Natural Language Processing ” Market is proficient and in-depth research that offers a summary of the current market status, historic, and expected way forward for the Natural Language Processing market. Natural Language Processing market share analysis report on the world’s major regional market conditions, focusing on the main regions. Natural Language Processing market report offers an extensive analysis of Natural Language Processing industry to guide market players, new entrants and investors to get the opinion of Natural Language Processing industry.

Scope of the Report:

  • Natural language processing (NLP) is a well-known artificial intelligence feature that is being implemented universally, through consumer digital assistants and chat-bots, along with commercial applications in the field of textual analysis, voice sense (speech analysis), sentimental analysis, and change impact analysis.

Get a Sample Copy of the Report - https://www.industryresearch.co/enquiry/request-sample/13999741

Market Overview:

  • The Natural Language Processing Market is expected to register a CAGR of over 22.5% during the forecast period 2019 - 2024. Over the past few years, deep learning architectures and algorithms have made impressive advances in the fields of image recognition and speech processing. The application to natural language processing (NLP) has proven to make significant contributions, yielding state-of-the-art results for some complex NLP application tasks.

  • Using the Internet and an ever-expanding means of communication, consumption, and interaction have empowered consumers. Companies have been forced to rethink their branding and business models. In today’s competitive marketplace, attracting customers from competitors requires more than the dominant product-centric or company-centric model.

  • These channels offer businesses opportunities to implement AI-powered chatbots that are proficient at dealing with inquiries. In some cases, they can even predict a customer’s next action and pre-empt inquiries with proactive communication.

  • The IIoT is driving unprecedented disruption in the industry that was hampered by a shortage of skilled workforce. The technology is also set to aid cost efficiency in the industry. Technical skills are needed to implement, develop, road map infrastructure, manage security, and capture and analyze data. Experienced developers who are well versed with styles, languages, and mechanisms of different applications are vital for the implementation of NLP. There is a lack of such trained professional across industries.

  • The transition from the existing legacy system to SaaS platforms is an expensive process, involving technical and non-technical resources and challenges. Also, the lack of understanding of cloud computing migration leads to many migration failures in achieving organization goals. These challenges of modernizing the existing legacy systems and high software migrating cost are hindering the growth of the market studied.

Natural Language Processing market size analysis report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. The Natural Language Processing market 2019 report consists of the latest developments, market shares, and strategies employed by the major market players.

Top Key Players of Natural Language Processing Market Report Are:

  • Google Inc.

  • Microsoft Corporation

  • 3M Company

  • SAS Institute Inc.

  • IBM Corporation

  • NetBase Solutions Inc.

  • Verint System Inc

  • Genpact Limited

  • Adobe Systems Incorporated

  • Intel Corporation

  • Nvidia Corporation

  • Amazon Web Services Inc.

  • AppOrchid Inc.

  • Inbenta Technologies Inc.

  • Veritone Inc.

  • SAP SE

  • Salesforce.com Inc.

  • Rasa Technologies GmbH

  • Babylon Healthcare Services Limited

  • Klevu Oy

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