Navigation Links
Natural Language Processing (NLP) Market by (Technology, Applications) Worth $9,858.4 Million by 2018 – New Report by Marketsandmarkets
Date:10/23/2013

(PRWEB) October 23, 2013

The report "Natural Language Processing (NLP) Market [IVR, OCR, Pattern Recognition, Auto Coding, Text Analytics, Speech Analytics, Machine Translation, Information Extraction, Question Answer, Report Generation] - Worldwide Market Forecast and Analysis (2013 - 2018)" defines and segments the global Natural Language Processing (NLP) market into various sub-segments with in-depth analysis and forecast of revenues. It also identifies drivers, opportunities and restraints for this market with insights into industry trends and their impacts over time.

Browse 105 Market Data Tables and 37 Figures spread through 199 Pages and In-Depth Table of Content on “Natural Language Processing (NLP) Market”.

http://www.marketsandmarkets.com/Market-Reports/natural-language-processing-nlp-825.html

Early buyers will receive 10% customization on this report.

MarketsandMarkets has segmented the NLP market by type: rule based NLP, statistical NLP, hybrid NLP; by type of technologies- recognition technologies: Interactive Voice Response (IVR), Optical Character Recognition (OCR) and pattern and image recognition, operational technologies: auto coding and classification and categorization, analytics technologies: text analytics and speech analytics; by type of services: installation and maintenance, training and certification, consulting services and other services; by type of application: machine translation, information extraction, report generation, question answering and other applications; by type of end user- Consumer NLP and Enterprise NLP: it includes BFSI, Automotive, healthcare, IT and Communication, legal and commercial offices, government defense and aerospace, media and advertisement, academia and education, web and e-commerce and other verticals; by deployment type: on-premise NLP and on-demand NLP; by regions: North America (NA), Asia Pacific (APAC), Europe, Middle East Africa (MEA) and Latin America (LA).

The major forces driving this market are the growing demand for enhanced customer experience, increase in adoption of smartphone, leveraging big data and growth in machine to machine (M2M) technologies. Furthermore, in industries such as healthcare, BFSI, social websites and e-commerce channels have witnessed exponential rise in real time customer data and transaction information. NLP technology can leverage this unstructured data for analyzing customer needs, expectations and enhancing customer experience by optimizing cost effective lingual response system in organizational processes. By using NLP software solutions, organization can have better insights on customer’s perception, optimize business processes and reduce operational cost.

While the NLP market is growing at a steady pace across various verticals, MarketsandMarkets observes some of the major vendors such as Nuance Communications, M*Modal, IBM and many other companies who are continuously innovating their NLP software solutions which can be easily integrated into enterprise platforms. Further, MarketsandMarkets expects that on-demand NLP software solutions are expected to have continuous growth and adoption rate in the long term, thereby creating customizable stack services and applications facilitating quicker customer adoption of the same.

MarketsandMarkets observes that there is an increasing demand of NLP technology in web and e-commerce, healthcare, IT and telecommunication industry for enhancing customer experience and operational processes by integrated NLP software solutions. Hence, even though the adoption of the NLP technology and is majorly seen in healthcare vertical, we expect that these software solutions will continue to show steady growth in other verticals as well.

The Natural Language Processing (NLP) market is estimated to grow from $ 3,787.3 million in 2013 to $9,858.4 million in 2018. This represents a Compounded Annual Growth Rate (CAGR) of 21.1% from 2013 to 2018. In the current scenario, web and e-commerce, healthcare, IT and Telecommunication vertical continues to grow and are the largest contributor for Natural Language Processing (NLP) software market. In terms of regional growth, North America is expected to be the biggest market in terms of revenue contribution. European and APAC region is expected to experience increased market traction, due to increasing adoption across various verticals and investment support in research projects from the regional government.

Browse related reports

Social TV Market [Social EPG, Content Discovery, Social Analytics, Social Curation, AD Platforms]: Global Advancements, Ecosystem, Business Models, Technology Roadmap, Worldwide Market Forecasts & Analysis (2012 – 2017)
http://www.marketsandmarkets.com/Market-Reports/social-tv-market-815.html

Customer Experience Management Market [VOC Analytics, Feedback Management, Web Analytics, Text Analytics, Speech Analytics] Advanced Technologies, Touch Points, Adoption Trends, Market Size & Forecasts (2012 – 2017)
http://www.marketsandmarkets.com/Market-Reports/customer-experience-management-cem-market-543.html

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales(at)marketsandmarkets(dot)com
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

Read the full story at http://www.prweb.com/releases/natural-language/processing-market/prweb11260404.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. EPA to Cut Air Pollution from Natural Gas Fracking
2. Soybeans soaked in warm water naturally release key cancer-fighting substance
3. Science of parenting, the link between sexism and racism, death and the supernatural, and more
4. Novel Natural Sciences Repository Opens Web Portal
5. Study examines use of a natural language processing tool for electronic health records in assessing colonoscopy quality
6. Acne No More Review Explores Product Aimed at Curing Acne Naturally
7. Natural Sciences Repository Publishes Chromatography and Acidic Compounds Resources
8. Under Right Conditions, Fertility Treatment Can Equal Natural Conception Rates: Study
9. Success of fertility treatment may approach natural birth rate
10. GTC Green Cleaning Products Now Available from UNFI - United Natural Foods
11. Stimulant marketed as natural in sports supplement actually of synthetic origin
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/25/2016)... ... May 25, 2016 , ... TransactRx announces the release of ... medical service claims by Pharmacy Benefit Managers that were submitted by Retail Clinics ... TransactRx Cross Benefit Clearinghouse receives standard professional medical claims submitted from the retail ...
(Date:5/25/2016)... FRANCISCO, CA (PRWEB) , ... May 25, 2016 , ... ... School of Nursing and Health Professions. She will lead a team of more than ... Team. Baker will begin her role as dean in late August. , Baker comes ...
(Date:5/25/2016)... (PRWEB) , ... May 25, 2016 , ... Laser ... to help turn back the hands of time of female aging. The ... childbirth. Women with symptoms such as leakage, laxity, itchiness and pain have reported ...
(Date:5/25/2016)... NJ (PRWEB) , ... May 25, 2016 , ... Researchers ... 2016 Annual COVD Meeting for their work on visual evoked potential and human attention. ... recent studies that used the Diopsys® NOVA™ ERG and VEP Vision Testing System ...
(Date:5/25/2016)... ... May 25, 2016 , ... HealthPostures ... will join America's leading engineers at the American Society of Safety Engineers Conference ... Congress Center. , Engineers, speakers and exhibitors from more than 40 countries ...
Breaking Medicine News(10 mins):
(Date:5/24/2016)... 24, 2016 Niederländische Chirurgen ... die es Ärzten erlaubt, ihre Expertise weltweit zu ... kombiniert Live Streaming mit einer Instant-Messaging-Funktion und der ... Mediziner in Europa, Afrika, Asien und den ... die Plattform registriert. Information und Weiterbildung   ...
(Date:5/24/2016)... 2016  Diana Russell suffers from a form of ... inside out.  This disease has put her in a ... and grandchildren to leave her home.  Because of the ... haul the wheelchair.  So if there is a family ... is left to wait for the bus. ...
(Date:5/24/2016)... Marziani has joined VMS BioMarketing as senior vice president of sales, announced Andrea ... Marziani will lead the company,s business development and sales team, exploring new opportunities for ... - http://photos.prnewswire.com/prnh/20160523/371089 ... ... ...
Breaking Medicine Technology: