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Global Language Processing Market to Grow at a CAGR of 13.33% During the Period 2017-2021

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Albany, NY -- (SBWIRE) -- 06/19/2017 -- 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.

Technavios analysts forecast the global language processing market to grow at a CAGR of 13.33% during the period 2017-2021.

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Covered in this report

The report covers the present scenario and the growth prospects of the global language processing market for 2017-2021. To calculate the market size, the report considers the sale of language processing solutions that include linguistic and statistical algorithms.

The market is divided into the following segments based on geography:
North America
South America

Global Language Processing Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Hewlett Packard Enterprise (HPE)
SAS Institute
Verint Systems
Other prominent vendors
Basis Technology
Cerner Systems
Dolbey Systems
Envion Software
MModal IP
NetBase Solutions
Nuance Communication

Market driver
Increased investments in speech solutions
For a full, detailed list, view our report

Market challenge
High investment for developing and implementing the software
For a full, detailed list, view our report

Market trend
Increased use of IP-based IVRs
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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