The North America Natural Language Processing Market is expected to witness market growth of 19.3% CAGR during the forecast period (2019-2025).
Natural processing language (NLP) is a computer program's ability to understand human language the way in which it is spoken. NLP is an artificial intelligence (AI) component. Developing NLP applications is challenging because computers traditionally require people to "speak" to them in an accurate, unambiguous, highly structured programming language, or with a limited number of clearly stated voice commands. However, human speech is not always accurate; it is often unclear and can rely on several complex variables, such as slang, regional dialects, and social context.
The increased rate of adoption among different devices, increased demand for M2M (machine-to-machine) translation, better insights into consumer experience, and streamlined business processes are factors driving the developments in natural language processing market. Therefore, the need for improved customer experience increases the demand for NLP-based solutions and services in the end-user industries such as e-commerce, retail, IT and many more. The inability to recognize the voice from different patterns, noises, and tones will, however, hamper the market growth of natural language processing (NLP). In addition, the high cost of deployment associated with NLP-based solutions and services and fluctuating patterns in consumer acceptance are attributed to restrict market growth.
Based on Component, the market is segmented into Solution and Services. Based on Application, the market is segmented into Text Classification, Machine Translation, Question Answering, Sentiment Analysis, Information Extraction, Automatic Summarization and Others. Based on type, the market is segmented into Rule Based, Statistical and Hybrid. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Industry Vertical, the market is segmented into BFSI, IT & Telecom, Healthcare, Retail & eCommerce, Government & Defense, Media & Entertainment, Manufacturing and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Microsoft Corporation, Google, Inc., Amazon.com, Inc., Apple, Inc., Facebook, Inc., Intel Corporation, SAS Institute, Inc., Baidu, Inc., Health Fidelity, Inc., Conversica, Inc., and Inbenta Technologies, Inc.
Scope of the Study
Market Segmentation:
By Component
By Application
By Type
By Deployment Type
By Industry Vertical
By Country
Companies Profiled
Unique Offerings from the Publisher
Natural processing language (NLP) is a computer program's ability to understand human language the way in which it is spoken. NLP is an artificial intelligence (AI) component. Developing NLP applications is challenging because computers traditionally require people to "speak" to them in an accurate, unambiguous, highly structured programming language, or with a limited number of clearly stated voice commands. However, human speech is not always accurate; it is often unclear and can rely on several complex variables, such as slang, regional dialects, and social context.
The increased rate of adoption among different devices, increased demand for M2M (machine-to-machine) translation, better insights into consumer experience, and streamlined business processes are factors driving the developments in natural language processing market. Therefore, the need for improved customer experience increases the demand for NLP-based solutions and services in the end-user industries such as e-commerce, retail, IT and many more. The inability to recognize the voice from different patterns, noises, and tones will, however, hamper the market growth of natural language processing (NLP). In addition, the high cost of deployment associated with NLP-based solutions and services and fluctuating patterns in consumer acceptance are attributed to restrict market growth.
Based on Component, the market is segmented into Solution and Services. Based on Application, the market is segmented into Text Classification, Machine Translation, Question Answering, Sentiment Analysis, Information Extraction, Automatic Summarization and Others. Based on type, the market is segmented into Rule Based, Statistical and Hybrid. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Industry Vertical, the market is segmented into BFSI, IT & Telecom, Healthcare, Retail & eCommerce, Government & Defense, Media & Entertainment, Manufacturing and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Microsoft Corporation, Google, Inc., Amazon.com, Inc., Apple, Inc., Facebook, Inc., Intel Corporation, SAS Institute, Inc., Baidu, Inc., Health Fidelity, Inc., Conversica, Inc., and Inbenta Technologies, Inc.
Scope of the Study
Market Segmentation:
By Component
- Solution
- Services
By Application
- Text Classification
- Machine Translation
- Question Answering
- Sentiment Analysis
- Information Extraction
- Automatic Summarization
- Others
By Type
- Rule Based
- Statistical
- Hybrid
By Deployment Type
- On-premise
- Cloud
By Industry Vertical
- BFSI
- IT & Telecom
- Healthcare
- Retail & eCommerce
- Government & Defense
- Media & Entertainment
- Manufacturing
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Companies Profiled
- IBM Corporation
- Microsoft Corporation
- Google, Inc.
- Amazon.com, Inc.
- Apple, Inc.
- Facebook, Inc.
- Intel Corporation
- SAS Institute, Inc.
- Baidu, Inc.
- Health Fidelity, Inc.
- Conversica, Inc.
- Inbenta Technologies, Inc.
Unique Offerings from the Publisher
- Exhaustive coverage
- Highest number of market tables and figures
- Subscription based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Market Analysis
Chapter 4. North America Natural Language Processing Market by Component
Chapter 5. North America Natural Language Processing Market by Industry Vertical
Chapter 6. North America Natural Language Processing Market by Type
Chapter 7. North America Natural Language Processing Market by Deployment Type
Chapter 8. North America Natural Language Processing Market by Application
Chapter 9. North America Natural Language Processing Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- IBM Corporation
- Microsoft Corporation
- Google, Inc.
- Amazon.com, Inc.
- Apple, Inc.
- Facebook, Inc.
- Intel Corporation
- SAS Institute, Inc.
- Baidu, Inc.
- Health Fidelity, Inc.
- Conversica, Inc.
- Inbenta Technologies, Inc.
Methodology
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