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Natural language processing is a field of artificial intelligence and machine learning. It is considered as a communication bridge between humans and technology that understands and interpret the voice and text command from human to machine language. Today, the huge amount of data is being generated from numerous sources such as documents, web blogs, social networking sites, emails, and forums. The natural language processing technique is expected to revolutionary technique to hand big data analysis. The Natural Language Processing (NLP) Market is majorly driven by the increasing use of digital data, and smart device. Moreover, the quick rise in cloud-based solutions and NLP based applications to enhance customer service, and significant technological investment in the healthcare sector is also projected to trigger market growth during the forecast period. However, the lack of skilled professionals and complexity associated with advanced technology are some of the factors restricting the market growth to some extent. Apart from this, the rising use of cognitive technology in AI and higher adoption of cloud-based services is projected to present a lucrative opportunity for the market growth in the forecast timeline from 2020 to 2028.
Geographically, The Natural Language Processing (NLP) Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
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Major Players in Global Natural Language Processing (NLP) Market
Some of the key players in the global Natural Language Processing (NLP) Market include IBM Corporation, SAS Institute Inc., Google Inc., Microsoft Corporation, Amazon Web Services, Dolbey Systems, Inc., Apple Inc, Facebook, Inc., Baidu, Inc, Netbase, and Conversica, Inc.
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The Global Natural Language Processing (NLP) Market Has Been Segmented into:
Global Natural Language Processing (NLP) Market: By Type
- Statistical NLP
- Hybrid based NLP
- Rule NLP
Global Natural Language Processing (NLP) Market: By Component
- Solutions
- Services
Global Natural Language Processing (NLP) Market: By Technology
- Recognition Technologies
- Operational Technologies
- Analytics Technologies
Global Natural Language Processing (NLP) Market: By Deployment Mode
- On premise
- Cloud
Global Natural Language Processing (NLP) Market: By Application
- Text Classification
- Machine Translation
- Information Extraction
- Report Generation
- Question Answering
- Sentiment Analysis
- Automatic Summarization
- Others
Global Natural Language Processing (NLP) Market: By End-User
- Automotive
- Healthcare
- BFSI
- IT and Telecom
- Government, Defense & Aerospace
- Media & Advertisement
- Academia and Education
Global Natural Language Processing (NLP) Market: Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Browse the full report at https://www.sheeranalyticsandinsights.com/market-report-research/natural-language-processing-nlp-market-21
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