The global natural language processing market is expected to grow at a CAGR of 15.7% during the forecast period. Natural language processing (NATURAL LANGUAGE PROCESSING) is a component of artificial intelligence and it helps computers connect with humans in their own language. For instance, natural language processing makes it possible for computers to hear speech, read the text, measure sentiment, interpret it, and decide which portions are important.
The main focus of natural language processing is to minimize the time taken to comprehend computer languages, such as Java, C, C++, and many more. Natural language processing is also used in big data analytics, due to the fact that huge amounts of data are being produced from sources like web blogs audio, social networking sites, emails, documents, and forums.
The natural language processing market report provides analysis for the period from 2016 to 2026, where 2019 to 2026 is the forecast period with 2018 as the base year. This report on natural language processing covers an in-depth analysis of the market including statistical and subjective data points, along with the key market drivers and opportunities & restraints that have positive or negative effects on the overall global market.
Exclusive coverage has been provided for market drivers and challenges & opportunities for a country-level market in the respective regional segments. The report comprises a competitive analysis of the key players functioning in the market and covers in-depth data related to the competitive landscape of the market and the recent strategies & products that will assist or affect the market in the coming years.
The global natural language processing market has been segmented on the basis of deployment, technology, type, application, and end-use. On the basis of deployment, the market has been segmented into on-premise and cloud. The cloud segment is further classified into public cloud, private cloud, and hybrid cloud. Based on technology, the market has been segmented into optical character recognition (OCR), speech analytics, interactive voice response (IVR), image recognition, and others.
The type segment is further classified into statistical natural language processing, rule-based natural language processing, and hybrid natural language processing. On the basis of applications, the market can be classified into report generation, information extraction, machine translation, and others. Based on end-use, the natural language processing market can be segmented into automotive, retail and consumer goods, healthcare, banking, financial services and insurance, government, and others.
The optical character recognition segment is expected to hold the largest market share of natural language processing in the coming years
Recognition technologies are the most extensively used technologies in natural language processing. Maximum companies, from large to small enterprises use certain forms of recognition technology like interactive voice recognition, optical character recognition, or image recognition. Recognition technology is mainly used for machine translation and information extraction.
The speech analytics segment is expected to witness the fastest growth during the forecast period
Speech analytics allows users to make serious business decisions by providing faster and in-depth analyses of voice data. Speech analytics is gaining huge importance among various enterprises across the world since the old-style text-based analytics used by companies is unable to handle complex business issues.
Several enterprises are using speech analytics to make leading-edge analytics solutions so as to gain a better understanding of customer requirements. On-premise speech analytics is mostly preferred by organizations. This is due to the fact that organizations with complicated IT structures that require a high amount of integration with other applications, opt for on-premise speech analytics. For instance, sales support, CRM, marketing, and other technical support tools generally favor the on-premise model to alleviate compatibility issues.
By Deployment
By Technology
By Type
By Application
By End User
North America
Europe
Asia Pacific
LATAM
Middle East Africa
North America and Europe region dominated the market in 2018 and expected to show similar trend in the coming years
In terms of different regions, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa & Latin America. North America and Europe is anticipated to dominate the market in 2018 and are anticipated to show like the trend in the coming years. Among the countries in North America, the U.S accounted for the majority of market share in 2018. The advancement of technological developments and the wide adoption of technologies over the years is a major factor resulting in the rise in demand for natural language processing. In addition, in May 2018, the United Kingdom and the United States launched an AI hub to modernize new disruptive technologies for defense and security applications, which can bolster the advanced utilization of natural language processing.
The Asia-Pacific region is expected to witness the fastest growth during the forecast period. China and Japan are the major countries that are generating opportunities in the natural language processing market. Increasing government initiatives for the conservation of water is one of the major factors to trigger the overall market growth of natural language processing in this region.
These players have stepped up new product innovations and new product launches, in order to gain more attention from the customers. Additionally, the growth of the market is attributed to geographical expansion, strategic mergers & acquisitions, and joint ventures & partnerships, in order to guarantee long-term sustenance in the market.
SAS Institute Inc. announced a US$ 1 billion investment in artificial intelligence over the next three years through development of software, expert services, education and others. Artificial intelligence mainly comprises of deep learning, natural language processing, computer vision and advanced analytics.
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Table of Content
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Approach Adopted
1.3.4.1 Top-Down Approach
1.3.4.2 Bottom-Up Approach
1.3.5 Assumptions
1.4 Market Segmentation Scope
Chapter 2 Executive Summary
2.1 Market Summary
Global Natural Language Processing Market, 2016-2026, (US$ Mn)
2.1 Market Snapshot: Global Natural Language Processing Market
2.2 Market Dynamics
2.3 Global Natural Language Processing Market, by Segment, 2018
2.3.1 Global Natural Language Processing Market, by Deployment, 2018, (US$ Mn)
2.3.2 Global Natural Language Processing Market, by Technology, 2018,(US$ Mn)
2.3.3 Global Natural Language Processing Market, by Type, 2018,(US$ Mn)
2.3.4 Global Natural Language Processing Market, by Application, 2018 (US$ Mn)
2.3.5 Global Natural Language Processing Market, by End Use, 2018 (US$ Mn)
2.3.6 Global Natural Language Processing Market, by Region, 2018 (US$ Mn)
2.4 Premium Insights
2.4.1 Natural Language Processing Market In Developed Vs. Developing Economies, 2018 vs 2023
2.4.2 Global Natural Language Processing Market: Regional Life Cycle Analysis
Chapter 3 Market Dynamics
3.1 Market Overview
3.2 Market Drivers
Advancement of technological developments
Driver 2
Driver 3
3.3 Market Restraints
Restraint 1
Restraint 2
3.4 Market Opportunities
Opportunity 1
Opportunity 2
3.5 Industry Value Chain Analysis
3.5.1 Analyst’s Views
3.6 Industry SWOT Analysis
Chapter 4 Global Natural Language Processing Market, by Deployment
4.1 Market Overview, by Deployment
4.1.1 Global Natural Language Processing Market, by Deployment, 2016-2026 (US$ Mn)
4.1.2 Incremental Opportunity, by Deployment, From 2018-2023
4.2 Cloud
4.2.1 Global Natural Language Processing Market, by Cloud, 2016-2026, (US$ Mn)
4.2.2 Public
4.2.2.1.1 Global Footwear Market, by Public, 2016-2023, (US$ Mn)
4.2.3 Private
4.2.3.1 Global Footwear Market, by Private, 2016-2023, (US$ Mn)
4.2.4 Hybrid
4.2.4.1 Global Footwear Market, by Hybrid, 2016-2023, (US$ Mn)
4.3 On-premise
4.3.1 Global Natural Language Processing Market, by On-premise, 2016-2026, (US$ Mn)
Chapter 5 Global Natural Language Processing Market, by Technology
5.1 Market Overview, by Technology
5.1.1 Global Natural Language Processing Market, by Technology, 2016-2026 (US$ Mn)
5.1.2 Incremental Opportunity, by Technology, From 2018-2023
5.2 Optical Character recognition (OCR)
5.2.1 Global Natural Language Processing Market, by Optical Character Recognition (OCR), 2016-2026, (US$ Mn)
5.3 Speech Analytic
5.3.1 Global Natural Language Processing Market, by Speech Analytic, 2016-2026, (US$ Mn)
5.4 Interactive Voice Recognition
5.4.1 Global Natural Language Processing Market, by Interactive Voice Recognition, 2016-2026, (US$ Mn)
5.5 Image Recognition
5.5.1 Global Natural Language Processing Market, by Image Recognition, 2016-2026, (US$ Mn)
5.6 Others
5.6.1 Global Natural Language Processing Market, by Others, 2016-2026, (US$ Mn)
Chapter 6 Global Natural Language Processing Market, by Type
6.1 Market Overview, by Type
6.1.1 Global Natural Language Processing Market, by Type, 2016-2026 (US$ Mn)
6.1.2 Incremental Opportunity, by Type, From 2018-2023
6.2 Statistical Natural Language Processing
6.2.1 Global Natural Language Processing Market, by Statistical NATURAL LANGUAGE PROCESSING, 2016-2026, (US$ Mn)
6.3 Rule-Based Natural Language Processing
6.3.1 Global Natural Language Processing Market, By Rule-Based Natural Language Processing, 2016-2026, (US$ Mn)
6.4 Hybrid Natural Language Processing
6.4.1 Global Natural Language Processing Market, by Hybrid Natural Language Processing, 2016-2026, (US$ Mn)
Chapter 7 Global Natural Language Processing Market, by Application
7.1 Market Overview, by Application
7.1.1 Global Natural Language Processing Market, by Application, 2016-2026 (US$ Mn)
7.1.2 Incremental Opportunity, by Application, From 2018-2023
7.2 Report Generation
7.2.1 Global Natural Language Processing Market, by Report Generation, 2016-2026, (US$ Mn)
7.3 Information Extraction
7.3.1 Global Natural Language Processing Market, by Information Extraction, 2016-2026, (US$ Mn)
7.4 Machine Translation
7.4.1 Global Natural Language Processing Market, by Machine Translation, 2016-2026, (US$ Mn)
7.5 Others
7.5.1 Global Natural Language Processing Market, by Others, 2016-2026, (US$ Mn)
Chapter 8 Global Natural Language Processing Market, by End Use
8.1 Market Overview, by End Use
8.1.1 Global Natural Language Processing Market, by End Use, 2016-2026 (US$ Mn)
8.1.2 Incremental Opportunity, by End Use, From 2018-2023
8.2 Automotive
8.2.1 Global Natural Language Processing Market, by Automotive, 2016-2026, (US$ Mn)
8.3 Retail & Consumer Goods
8.3.1 Global Natural Language Processing Market, by Retail & Consumer Goods, 2016-2026, (US$ Mn)
8.4 Healthcare
8.4.1 Global Natural Language Processing Market, by Healthcare, 2016-2026, (US$ Mn)
8.5 Banking Financial Services & Insurance
8.5.1 Global Natural Language Processing Market, by Banking Financial Services & Insurance, 2016-2026, (US$ Mn)
8.6 Government
8.6.1 Global Natural Language Processing Market, by Government, 2016-2026, (US$ Mn)
8.7 Others
8.7.1 Global Natural Language Processing Market, by Others, 2016-2026, (US$ Mn)
Chapter 9 Global Natural Language Processing Market, by Region
9.1 Market Overview, by Region
9.1.1 Global Natural Language Processing Market, by Region, 2016-2026, (US$ Mn)
9.2 Attractive Investment Opportunity, by Region, 2018
9.3 North America Natural Language Processing Market
9.3.1 North America Natural Language Processing Market, by Deployment, 2016-2026 (US$ Mn)
9.3.2 North America Natural Language Processing Market, by Technology, 2016-2026 (US$ Mn)
9.3.3 North America Natural Language Processing Market, by Type, 2016-2026 (US$ Mn)
9.3.4 North America Natural Language Processing Market, by Application, 2016-2026 (US$ Mn)
9.3.1 North America Natural Language Processing Market, by End Use, 2016-2026 (US$ Mn)
9.3.2 United States Country Profile
9.3.2.1 United States Natural Language Processing Market, 2016-2026 (US$ Mn)
9.3.3 Canada Country Profile
9.3.3.1 Canada Natural Language Processing Market, 2016-2026 (US$ Mn)
9.3.4 Mexico Country Profile
9.3.4.1 Mexico Natural Language Processing Market, 2016-2026 (US$ Mn)
9.4 Europe Natural Language Processing Market
9.4.1 Europe Natural Language Processing Market, by Deployment, 2016-2026 (US$ Mn)
9.4.2 Europe Natural Language Processing Market, by Technology, 2016-2026 (US$ Mn)
9.4.3 Europe Natural Language Processing Market, by Type, 2016-2026 (US$ Mn)
9.4.4 Europe Natural Language Processing Market, by Application, 2016-2026 (US$ Mn)
9.4.5 Europe Natural Language Processing Market, by End Use, 2016-2026 (US$ Mn)
9.4.6 United Kingdom Country Profile
9.4.6.1 United Kingdom Natural Language Processing Market, 2016-2026 (US$ Mn)
9.4.7 Germany Country Profile
9.4.7.1 Germany Natural Language Processing Market, 2016-2026 (US$ Mn)
9.4.8 France Country Profile
9.4.8.1 France Natural Language Processing Market, 2016-2026 (US$ Mn)
9.4.9 Italy Country Profile
9.4.9.1 Italy Natural Language Processing Market, 2016-2026 (US$ Mn)
9.4.10 Spain Country Profile
9.4.10.1 Spain Natural Language Processing Market, 2016-2026 (US$ Mn)
9.4.11 Rest of Europe
9.4.11.1 Rest of Europe Natural Language Processing Market, 2016-2026 (US$ Mn)
9.5 Asia Pacific Natural Language Processing Market
9.5.1 Asia Pacific Natural Language Processing Market, by Deployment, 2016-2026 (US$ Mn)
9.5.2 Asia Pacific Natural Language Processing Market, by Technology, 2016-2026 (US$ Mn)
9.5.3 Asia Pacific Natural Language Processing Market, by Type, 2016-2026 (US$ Mn)
9.5.4 Asia Pacific Natural Language Processing Market, by Application, 2016-2026 (US$ Mn)
Asia Pacific Natural Language Processing Market, by End Use, 2016-2026 (US$ Mn)
9.5.5 China Country Profile
9.5.5.1 China Natural Language Processing Market, 2016-2026 (US$ Mn)
9.5.6 Japan Country Profile
Japan Natural Language Processing Market, 2016-2026 (US$ Mn)
9.5.7 India Country Profile
India Natural Language Processing Market, 2016-2026 (US$ Mn)
9.5.8 South Korea Country Profile
South Korea Natural Language Processing Market, 2016-2026 (US$ Mn)
9.5.9 Southeast Asia Country Profile
Southeast Asia Natural Language Processing Market, 2016-2026 (US$ Mn)
9.5.10 Rest of Asia Pacific
Rest of Asia Pacific Natural Language Processing Market, 2016-2026 (US$ Mn)
9.6 Latin America Natural Language Processing Market
9.6.1 Latin America Natural Language Processing Market, by Deployment, 2016-2026 (US$ Mn)
9.6.2 Latin America Natural Language Processing Market, by Technology, 2016-2026 (US$ Mn)
9.6.3 Latin America Natural Language Processing Market, by Type, 2016-2026 (US$ Mn)
9.6.4 Latin America Natural Language Processing Market, by Application, 2016-2026 (US$ Mn)
Latin America Natural Language Processing Market, by End Use, 2016-2026 (US$ Mn)
9.6.5 Brazil Country Profile
9.6.5.1 Brazil Natural Language Processing Market, 2016-2026 (US$ Mn)
9.6.6 Argentina Country Profile
Argentina Natural Language Processing Market, 2016-2026 (US$ Mn)
9.6.7 Rest of Latin America
Rest of Latin America Natural Language Processing Market, 2016-2026 (US$ Mn)
9.7 Middle East & Africa Natural Language Processing Market
9.7.1 Middle East & Africa Natural Language Processing Market, by Deployment, 2016-2026 (US$ Mn)
9.7.2 Middle East & Africa Natural Language Processing Market, by Technology, 2016-2026 (US$ Mn)
9.7.3 Middle East & Africa Natural Language Processing Market, by Type, 2016-2026 (US$ Mn)
9.7.4 Middle East & Africa Natural Language Processing Market, by Application, 2016-2026 (US$ Mn)
Middle East & Africa Natural Language Processing Market, by End Use, 2016-2026 (US$ Mn)
9.7.5 Southern Africa
9.7.5.1 Southern Africa Natural Language Processing Market, 2016-2026 (US$ Mn)
9.7.6 Northern Africa
9.7.6.1 Northern Africa Natural Language Processing Market, 2016-2026 (US$ Mn)
9.7.7 GCC
9.7.7.1 GCC Natural Language Processing Market, 2016-2026 (US$ Mn)
9.7.8 Rest of Middle East & Africa
9.7.8.1 Rest of Middle East & Africa Natural Language Processing Market, 2016-2026 (US$ Mn)
Chapter 10 Competitive Intelligence
10.1 Market Players Present in Market Life Cycle
10.2 Top 5 Players Comparison
10.3 Market Positioning of Key Players, 2018
10.4 Market Players Mapping
10.4.1 By Deployment
10.4.2 By Technology
10.4.3 By Type
10.4.4 By Application
10.4.5 By End Use
10.4.6 By Region
10.5 Strategies Adopted by Key Market Players
10.6 Recent Developments in the Market
10.6.1 Mergers & Acquisitions, Partnership, New Product Developments
10.7 Operational Efficiency Comparison by Key Players
Chapter 11 Company Profiles
11.1 IBM Corporation,
IBM Corporation, Overview
11.1.1 Key Stakeholders/Person in IBM Corporation,
11.1.2 IBM Corporation Products Portfolio
11.1.3 IBM Corporation, Financial Overview
11.1.4 IBM Corporation, Co. News/Recent Developments
11.2 3M
11.2.1 3M Overview
11.2.2 Key Stakeholders/Person in 3M
11.2.3 3M Products Portfolio
11.2.4 3M Financial Overview
11.2.5 3M News/Recent Developments
11.3 Google LLC
11.3.1 Google LLC, Overview
11.3.2 Key Stakeholders/Person in Google LLC
11.3.3 Google LLC Products Portfolio
11.3.4 Google LLC Financial Overview
11.3.5 Google LLC News/Recent Developments
11.4 Microsoft Corporation
11.4.1 Microsoft Corporation Overview
11.4.2 Key Stakeholders/Person in Microsoft Corporation
11.4.3 Microsoft Corporation Products Portfolio
11.4.4 Microsoft Corporation Financial Overview
11.4.5 Microsoft Corporation News/Recent Developments
11.5 Hewlett Packard Enterprise
11.5.1 Hewlett Packard Enterprise Overview
11.5.2 Key Stakeholders/Person in Hewlett Packard Enterprise
11.5.3 Hewlett Packard Enterprise Products Portfolio
11.5.4 Hewlett Packard Enterprise Financial Overview
11.5.5 Hewlett Packard Enterprise News/Recent Developments
11.6 Apple Incorporation
11.6.1 Apple Incorporation Overview
11.6.2 Key Stakeholders/Person in Apple Incorporation
11.6.3 Apple Incorporation Products Portfolio
11.6.4 Apple Incorporation Financial Overview
11.6.5 Apple Incorporation News/Recent Developments
11.7 Verint Systems
11.7.1 Verint Systems Overview
11.7.2 Key Stakeholders/Person in Verint Systems
11.7.3 Verint Systems Products Portfolio
11.7.4 Verint Systems Financial Overview
11.7.5 Verint Systems News/Recent Developments
11.8 Dolbey Systems
11.8.1 Dolbey Systems Overview
11.8.2 Key Stakeholders/Person in Dolbey Systems
11.8.3 Dolbey Systems Products Portfolio
11.8.4 Dolbey Systems Financial Overview
11.8.5 Dolbey Systems News/Recent Developments
11.9 SAS Institute Inc.
11.9.1 SAS Institute Inc. Overview
11.9.2 Key Stakeholders/Person in SAS Institute Inc.
11.9.3 SAS Institute Inc. Products Portfolio
11.9.4 SAS Institute Inc. Financial Overview
11.9.5 SAS Institute Inc. News/Recent Developments
11.10 NETBASE SOLUTIONS
11.10.1 NETBASE SOLUTIONS Overview
11.10.2 Key Stakeholders/Person in NETBASE SOLUTIONS
11.10.3 NETBASE SOLUTIONS Products Portfolio
11.10.4 NETBASE SOLUTIONS Financial Overview
11.10.5 NETBASE SOLUTIONS News/Recent Developments
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