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Research on Natural Language Processing Market 2015-2019: Global NLP Market to Grow at a CAGR of 16.11 % over the Period 2014-2019

ResearchMoz added Latest Research Report titled " Global Natural Language Processing Market 2015-2019: World Market Shares, Size, Trends, Analysis, Survey, Insights and Outlook " to it's Large Report database.


Albany, NY -- (SBWIRE) -- 01/20/2016 -- Natural language processing is a computer application that can understand human language. It is a part of AI. It is a computerized technique in which human communication is analyzed and interpreted based on a set of theories and technologies by the computer. It is both based on text and speech provided to the computer. Currently, NLP approaches are based on machine learning that uses patterns for understanding own programs. The most common NLP in all the software packages includes:
- Sentence segmentation, part-of-speech tagging, and parsing
- Deep analytics
- Named entity extraction
- Co-reference resolution

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The development of NLP solutions is difficult because computers need humans to speak in a programming language that needs to be precise, unambiguous, and highly structured with less amount of enunciated voice commands. However, human speech cannot be precise, and it is often ambiguous and depend on variables that include slang, regional dialects, and social context.

Technavio's analysts forecast the global NLP market to grow at a CAGR of 16.11 % over the period 2014-2019.

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Key regions
- Europe
- Latin America
- North America

Key vendors
- 3M
- Apple
- Google
- Microsoft

Other prominent vendors
- A3logics
- AlchemyAPI
- Apixio
- Aylien
- Dolbey Systems
- Fluxifi
- HP

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Key questions answered in the report include -

- What will the market size be in 2019 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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