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Natural Language Processing Market Worth $13.4 Billion by 2020
[June 15, 2015]

Natural Language Processing Market Worth $13.4 Billion by 2020


DALLAS, June 16, 2015 /PRNewswire/ --

According to a new market research report "Natural Language Processing Market by Type (Rule-Based, Statistical, and Hybrid), Technologies (Recognition, IVR, OCR, Pattern & Image Recognition) - Worldwide Forecast to 2020" published by MarketsandMarkets, The Natural Language Processing Market is expected to grow to $13.4 Billion at a CAGR of 18.4% for the forecast period 2015-2020.

Browse 65 market data Tables and 46 Figures spread through 155 Pages and in-depth TOC on  "Natural Language Processing Market"

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

Early buyers will receive 10% customization on this report. 

The market research defines and divides the Natural Language Processing (NLP) Market into various segments with an in-depth analysis and forecasting of revenues. This research report also identifies the factors driving this market, various restraints, challenges, and opportunities impacting it along with the future roadmaps. Additionally, the report emphasizes on key adoption trends, evolution of NLP techniques, attractive market opportunities, and business cases in this innovative market. MarketsandMarkets expects a significant growth trend of NLP solutions in various industries as there is a massive rise in the demand of enhancing the customer experience and Machine to Machine (M2M) techniques.

For more Inquiry:http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=825

The Natural Language Processing Market is broadly segmented by type: rule-based NLP, statistical NLP, and hybrid NLP; by type of technologies: recognition technologies (including interactive voice response, optical character recognition, and pattern and image recognition), operational technologies (including auto coding and classification and categorization) and analytics (including text analytics and speech analytics); by type of services: professional services and support and maintenance services; by deployment model: on-premise and  on-demand; by application: machine translation, information extraction, report generation, question answering and other applications; by vertical: Banking, Finanial Services and Insurance (BFSI), automotive, healthcare and life sciences, retail and consumer goods, research and education, high tech and electronics, media and entertainment, government, and other verticals;  and by region: North America (NA), Asia-Pacific (APAC), Europe, Latin America (LA), and Middle East and Africa (MEA).



There are a few assumptions that have been taken into consideration for market sizing and forecasting exercise of the NLP market. These global assumptions include political, economic, social, technological and economic factors. For instance, exchange rates, one of the economic factors, are expected to have a moderate rate of impact on this market.

The market research report will help the market leaders/new entrants in this market in the following ways:


  • This report segments the market into type of NLP solutions covering this market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and the sub-segments. The market numbers are further split across different regions.
  • This report will help them better understand the competitor and gain more insights to better position their business. There is a separate section on competitive landscape, including competitor ecosystem, mergers and acquisition and venture capital funding. Besides, there are company profiles of top 10 players in this market.

The Natural Language Processing Market is expected to grow to $13.4 Billion at a CAGR of 18.4% for the forecast period 2015-2020. Globally, North America and Europe have shown the maximum respective revenues in this market. However, regions such as Latin America, Middle East and Africa (MEA) and Asia-Pacific (APAC) are the faster growing regions.

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About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 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.

M&M'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. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

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

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SOURCE MarketsandMarkets


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