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(Hosting-NewsWire.com, January 22, 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
The goal of NLP is to reduce the time for understanding computer languages such as Java, C, C++, and Ruby.
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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.
Covered in this report This report covers the present scenario and growth prospects of the global NLP market for 2015-2019. To calculate the market size, the report considers revenue generated from the sales of NLP solutions in the global market from the following segments: Recognition market: This includes the revenue generated from speech recognition, OCR , and IVR systems market Analytics market: This includes the revenue generated from text and speech analytics Operational market: This includes the revenue generated from categorization and auto-coding process
This report also segments the market according to the end-users, deployment model, and by product.
Key regions APAC Europe Latin America MEA North America
Key vendors 3M Apple Google Microsoft
Other prominent vendors A3logics AlchemyAPI Apixio Aylien Dolbey Systems Fluxifi HP IBM Linguamatics Mmodal Netbase Nuance Communication SAS Institute Textalytics Verint Systems
Key market driver Increase in use of NLP in healthcare industry For a full, detailed list, view our report
Key market challenge Inability to suppress ambient noise For a full, detailed list, view our report
Key market trend Growing use of text analytics in healthcare industry For a full, detailed list, view our report
Key questions answered in this report 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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Table Of Content
PART 01: Executive summary Highlights PART 02: Scope of the report Market overview Top-vendor offerings PART 03: Market research methodology Research methodology Economic indicators PART 04: Introduction Key market highlights PART 05: Market landscape Global NLP market Five forces analysis PART 06: Market segmentation by application PART 07: Market segmentation by technology PART 08: Market segmentation by product PART 09: Market segmentation by end-user PART 10: Market segmentation by deployment model PART 11: Geographical segmentation PART 12: Market drivers Increase in use of NLP in healthcare industry Increase in use of smartphones and tablets Need to improve customer experience Increase in data Increased investment in speech solutions PART 13: Impact of drivers PART 14: Market challenges PART 15: Impact of drivers and challenges PART 16: Market trends PART 17: Vendor landscape Other prominent vendors PART 18: Key vendor analysis 3M Apple Google Microsoft PART 19: Appendix List of abbreviations PART 20: Explore Technavio LOE
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