Analyst Forecast: The Language Processing Market to Grow at a CAGR of +13% by 2023 - Regional Outlook, Competitive Strategies, Technological Advancements
Language processing involves the automation of reading text with the use of sophisticated algorithms. Language processing engines identify words and grammar to derive meaning from large amounts of text. In addition, it combines artificial intelligence with computational linguistics to process and understand the natural language received by the computer. The growth of e-commerce and the shift toward omnichannel retail will also boost the growth of the language processing market in the North America.
View full press release