|
Home > Software News:
|
Watch News Feed
Bestsellers Software
|
(I-SoftwareNews.Com, January 09, 2018 ) The report "Natural Language Processing Market by Type (Rule-Based, Statistical, and Hybrid), Technologies (Recognition, IVR, OCR, Speech Recognition, Text Processing, Pattern & Image Recognition), by Deployment Type, Vertical & by Region - Global Forecast to 2021", The NLP market size is estimated to grow from USD 7.63 Billion in 2016 to USD 16.07 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 16.1%.The major forces driving the NLP market are increase in demand for enhanced customer experience, increase in usage of smart devices, number of emerging options in application areas, increased investment in healthcare industry, increased deployment of web & cloud-based business applications, and growth in machine-to-machine technology.
Browse 69 market data Tables and 45 Figures spread through 140 Pages and in-depth TOC on "Natural Language Processing Market by Type (Rule-Based, Statistical, and Hybrid), Technologies (Recognition, IVR, OCR, Speech Recognition, Text Processing, Pattern & Image Recognition), by Deployment Type, Vertical & by Region - Global Forecast to 2021"
<||>rnhttps://www.marketsandmarkets.com/Market-Reports/natural-language-processing-nlp-825.html
Early buyers will receive 10% customization on reports.
Professional services to grow at the highest CAGR from 2016-2021
The professional services segment is forecast to grow at the highest CAGR from the year 2016 to 2021.This is due to the fact that organizations are looking for NLP solutions along with installation, maintenance, and consulting services in the NLP market. The NLP market is expected to penetrate well into the professional services segment with the availability of cost-effective and easily deployable cloud solutions. North America is expected to experience the highest growth rate in both professional services and support and maintenance services segment.
IVR technology to have the largest market size in 2016
Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownload.asp?id=825
The IVR technology is estimated to account for the highest market share for the year 2015, as the business organizations operating across a number of industries are moving towards enhanced automation to capture and process the customer’s voice. Moreover, Optical Character Reader, pattern recognition, and speech analytics are expected to gain traction during the forecast period.
North America expected to contribute the largest market share; Middle East and Africa (MEA) to grow the highest rate
North America is expected to have the largest market share and would dominate the NLP market from 2016 to 2021, due to the presence of a large number of NLP vendors. MEA offers potential growth opportunities for the NLP market. The key factors driving the growth rate in this market are increasing data generation in business organizations, growing demand for enhanced customer experience, and increase in the adoption and utility of smart devices.
In the NLP market, solution vendors such as 3M, Apple Incorporation, Dolbey Systems, Google, HP, IBM Incorporation, Microsoft Corporation, NetBase Solutions, SAS Institute Inc., and Verint Systems offer high-end NLP solutions.
Make An Enquiry@ https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=825
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
MarketsandMarkets
Mr. Rohan
1-888-600-6441
sales@marketsandmarkets.com
Source: EmailWire.Com 
Source: EmailWire.com
|
|
|
|
|
I-SoftwareNews.Com Sponsors
|
|
|
|
|
