Natural Language Processing Market

Natural Language Processing Market by Component, Deployment Mode, Organization Size, Type, Application (Sentiment Analysis and Text Classification), Vertical (Healthcare and Life Sciences, and BFSI), and Region - Global Forecast to 2024

Report Code: TC 3492 Dec, 2019, by marketsandmarkets.com

[169 Pages Report] The Natural Language Processing Market size is expected to grow from USD 10.2 billion in 2019 to USD 26.4 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 21.0% during the forecast period. The major growth factors of the NLP market include the increase in smart device usage, growth in the adoption of cloud-based solutions and NLP-based applications to improve customer service, as well as the increase in technological investments in the healthcare industry.

Natural Language Processing Market

Solutions segment to hold a larger market size during the forecast period

The Natural Language Processing Market has been segmented on the basis of components into solutions and services. Leading players in the market are either offering platforms or software tools to integrate it into their solutions. The adoption of NLP solutions is growing across the world, with the increasing awareness about perceived benefits. The vendors in the market offer open source platforms to develop custom NLP solutions as per the customer requirements. Some of the vendors offer sophisticated software tools or API solutions with customized features as per the user demands.

Services segment to grow at a higher CAGR during the forecast period

The services segment constitutes an integral part of the Natural Language Processing Market. For the effective working of any software, services need to be installed to increase the efficiency of the entire process. The services considered in the report are managed services and professional services. Major players in this segment have started providing platforms for embedding NLP technologies, with the release of speech recognition solutions and APIs, which can be coded across varied programming languages.

Natural Language Processing Market

North America to account for the largest market size during the forecast period

The global NLP market by region covers 5 major geographic regions, namely, North America, Asia Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America. North America is expected to account for the largest market size during the forecast period. Rapid developments in infrastructure and the high adoption of digital technologies are the 2 major drivers of the NLP market growth in the region. With the increasing competition across end users, organizations are using NLP and ML tools via an AI platform, which empowers organizations to easily connect with their clients for the required solution. North America leads the global NLP market with significant adoption across verticals and increasing investment among enterprises.

Key Natural Language Processing Market Players

The NLP market comprises major solution providers, such as IBM Corporation (IBM), Microsoft Corporation (Microsoft), Alphabet Inc. (Google), Amazon Web Services, Inc. (AWS), 3M Company (3M), Veritone, Inc. (Veritone), Dolbey Systems, Inc. (Dolbey), Apple Inc (Apple), Facebook, Inc. (Facebook), Intel Corporation (Intel), SAS Institute Inc. (SAS Institute), Baidu, Inc. (Baidu), Bitext Innovations, S.L. (Bitext), Health Fidelity, Inc. (Health Fidelity), Linguamatics Ltd. (Linguamatics), Conversica, Inc. (Conversica), SparkCognition, Narrative Science, Automated Insights, Inc. (Automated Insights), and Inbenta Technologies Inc. (Inbenta Technologies).

The study includes an in-depth competitive analysis of these key players in the NLP market with their company profiles, recent developments, and key market strategies.

Scope of the Report

Report Metric

Details

Market size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Million (USD)

Segments covered

Component, Type, Deployment Mode, Organization Size, Application, Vertical, and Region

Geographies covered

North America, APAC, Europe, Latin America, and MEA

Companies covered

Google (US), IBM (US), Microsoft (US), Intel (US), Apple (US), AWS (US), Facebook (US), Inbenta Technologies (US), 3M (US), Veritone (US), Dolbey (US), Narrative Science (US), Bitext (US), Health Fidelity (US), Linguamatics (UK), Conversica (US), SparkCognition (US), Automated Insights (US), SAS Institute (US), and Baidu (China)

This research report categorizes the NLP market based on components, applications, types, deployment model, organization size, verticals, and regions.

Based on the Components, the Natural Language Processing Market has been segmented as follows:

  • Solutions
    • Software Tools
    • Platform
  • Services
    • Managed Services
    • Professional Services

Based on Applications, the NLP market has been segmented as follows:

  • Machine Translation
  • Information Extraction
  • Automatic Summarization
  • Question Answering
  • Text Classification
  • Sentiment Analysis
  • Others (Spam Recognition and Language Identification)

Based on Type, the NLP market has been segmented as follows:

  • Rule-Based
  • Statistical
  • Hybrid

Based on Deployment mode, the NLP market has been segmented as follows:

  • On-premises
  • Cloud

Based on Organization Size, the NLP market has been segmented as follows:

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

Based on Verticals, the NLP market has been segmented as follows:

  • Banking, Financial Services and Insurance (BFSI)
  • Manufacturing
  • Healthcare and Life Sciences
  • Retail and eCommerce
  • Government and Defense
  • Media and Entertainment
  • Telecommunications and IT
  • Travel and Hospitality
  • Others (Research and Education, and Energy and Utilities)

Based on Regions, the NLP market has been segmented as follows:

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • Japan
    • Australia
    • Rest of APAC
  • MEA
    • Middle East
    • Africa
  • Latin America
    • Mexico
    • Brazil
    • Rest of Latin America

Recent Developments:

  • In October 2019, a dataset was released by Facebook AI that has coding questions paired with code snippet answers that will be used to interpret AI-based natural language code search systems.  
  • In June 2019, Apple introduced Domain APIs in vision, text, speech, and sound that allow developers to leverage Apple’s built-in intelligence and models, reducing time and efforts required, and speeding up the new technological developments in NLP.

Key Questions addressed by the report:

  • What are the opportunities in the Natural Language Processing Market?
  • What is the competitive landscape in the NLP market?
  • What are the emerging technologies impacting the overall NLP market?
  • What are the key uses cases existing in the NLP market?
  • What are the key trends and dynamics existing in the NLP market?   

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of the Study
    1.2 Market Definition
           1.2.1 Inclusions and Exclusions
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regions Covered
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakup of Primary Profiles
                    2.1.2.2 Key Industry Insights
    2.2 Market Breakup and Data Triangulation
    2.3 Market Size Estimation
           2.3.1 Top-Down Approach
           2.3.2 Bottom-Up Approach
    2.4 Market Forecast
    2.5 Assumptions for the Study
    2.6 Limitations of the Study

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 35)
    4.1 Attractive Market Opportunities in the Natural Language Processing Market
    4.2 Natural Language Processing Market: Top 3 Applications
    4.3 Natural Language Processing Market: By Region
    4.4 Natural Language Processing Market in North America, By Application and Vertical

5 Market Overview and Industry Trends (Page No. - 37)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increase in Smart Device Usage
                    5.2.1.2 Growth in the Adoption of Cloud-Based Solutions
           5.2.2 Restraints
                    5.2.2.1 Growing use of Code-Mixed Language Resulting in Increased Complexity for Natural Language Processing Tasks
           5.2.3 Opportunities
                    5.2.3.1 Adoption of Natural Language Processing-Based Applications to Improve Customer Service
                    5.2.3.2 Increasing Investment in the Healthcare Industry
           5.2.4 Challenges
                    5.2.4.1 Concerns Related to Data Privacy
                    5.2.4.2 Unreliability of Natural Language Processing Algorithms
    5.3 Use Cases
           5.3.1 Use Case: Scenario 1
           5.3.2 Use Case: Scenario 2
           5.3.3 Use Case: Scenario 3
           5.3.4 Use Case: Scenario 4
           5.3.5 Use Case: Scenario 5
    5.4 Regulatory Implications
           5.4.1 Health Insurance Portability and Accountability Act of 1996
           5.4.2 Health Information Technology for Economic and Clinical Health Act
           5.4.3 Sarbanes-Oxley Act of 2002
           5.4.4 European Market Infrastructure Regulation

6 Natural Language Processing Market, By Component (Page No. - 46)
    6.1 Introduction
    6.2 Solutions
           6.2.1 Solutions: Natural Language Processing Market Drivers
           6.2.2 Platform
           6.2.3 Software Tools
    6.3 Services
           6.3.1 Services: Natural Language Processing Market Drivers
           6.3.2 Managed Services
           6.3.3 Professional Services
                    6.3.3.1 Consulting
                    6.3.3.2 Support and Maintenance

7 Natural Language Processing Market, By Deployment Mode (Page No. - 54)
    7.1 Introduction
    7.2 Cloud
           7.2.1 Cloud Deployment Mode: Natural Language Processing Market Drivers
    7.3 On-Premises
           7.3.1 On-Premises Deployment Mode: Natural Language Processing Market Drivers

8 Natural Language Processing Market, By Organization Size (Page No. - 59)
    8.1 Introduction
    8.2 Small and Medium-Sized Enterprises
           8.2.1 Small and Medium-Sized Enterprises: Natural Language Processing Market Drivers
    8.3 Large Enterprises
           8.3.1 Large Enterprises: Natural Language Processing Market Drivers

9 Natural Language Processing Market, By Type (Page No. - 63)
    9.1 Introduction
    9.2 Rule-Based
           9.2.1 Rule-Based: Natural Language Processing Market Drivers
    9.3 Statistical
           9.3.1 Statistical: Natural Language Processing Market Drivers
    9.4 Hybrid
           9.4.1 Hybrid: Natural Language Processing Market Drivers

10 Natural Language Processing Market, By Application (Page No. - 67)
     10.1 Introduction
     10.2 Text Classification
             10.2.1 Text Classification: Natural Language Processing Market Drivers
     10.3 Automatic Summarization
             10.3.1 Automatic Summarization: Natural Language Processing Market Drivers
     10.4 Machine Translation
             10.4.1 Machine Translation: Natural Language Processing Market Drivers
     10.5 Sentiment Analysis
             10.5.1 Sentiment Analysis: Natural Language Processing Market Drivers
     10.6 Question Answering
             10.6.1 Question Answering: Natural Language Processing Market Drivers
     10.7 Information Extraction
             10.7.1 Information Extraction: Natural Language Processing Market Drivers
     10.8 Others

11 Natural Language Processing Market, By Vertical (Page No. - 77)
     11.1 Introduction
     11.2 Banking, Financial Services, and Insurance
             11.2.1 Banking, Financial Services, and Insurance: Natural Language Processing Market Drivers
     11.3 Healthcare and Life Sciences
             11.3.1 Healthcare and Life Sciences: Natural Language Processing Market Drivers
     11.4 IT and Telecommunications
             11.4.1 IT and Telecommunications: Natural Language Processing Market Drivers
     11.5 Retail and Ecommerce
             11.5.1 Retail and Ecommerce: Natural Language Processing Market Drivers
     11.6 Government and Defense
             11.6.1 Government and Defense: Natural Language Processing Market Drivers
     11.7 Manufacturing
             11.7.1 Manufacturing: Natural Language Processing Market Drivers
     11.8 Media and Entertainment
             11.8.1 Media and Entertainment: Natural Language Processing Market Drivers
     11.9 Travel and Hospitality
             11.9.1 Travel and Hospitality: Natural Language Processing Market Drivers
     11.10 Others

12 Natural Language Processing Market, By Region (Page No. - 89)
     12.1 Introduction
     12.2 North America
             12.2.1 North America: Natural Language Processing Market Drivers
             12.2.2 United States
             12.2.3 Canada
     12.3 Europe
             12.3.1 Europe: Natural Language Processing Market Drivers
             12.3.2 United Kingdom
             12.3.3 Germany
             12.3.4 France
             12.3.5 Rest of Europe
     12.4 Asia Pacific
             12.4.1 Asia Pacific: Natural Language Processing Market Drivers
             12.4.2 China
             12.4.3 Japan
             12.4.4 Australia and New Zealand
             12.4.5 Rest of Asia Pacific
     12.5 Middle East and Africa
             12.5.1 Middle East and Africa: Natural Language Processing Market Drivers
             12.5.2 Middle East
             12.5.3 Africa
     12.6 Latin America
             12.6.1 Latin America: Natural Language Processing Market Drivers
             12.6.2 Brazil
             12.6.3 Mexico
             12.6.4 Rest of Latin America

13 Competitive Landscape (Page No. - 125)
     13.1 Introduction
     13.2 Competitive Leadership Mapping
             13.2.1 Visionary Leaders
             13.2.2 Innovators
             13.2.3 Dynamic Differentiators
             13.2.4 Emerging Companies

14 Company Profiles (Page No. - 127)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View)*
     14.1 Introduction
     14.2 IBM
     14.3 Microsoft
     14.4 Google
     14.5 AWS
     14.6 Facebook
     14.7 Apple
     14.8 3M
     14.9 Intel
     14.10 SAS Institute
     14.11 Baidu
     14.12 Inbenta Technologies
     14.13 Veritone
     14.14 Dolbey
     14.15 Narrative Science
     14.16 Bitext
     14.17 Health Fidelity
     14.18 Linguamatics
     14.19 Conversica
     14.20 SparkCognition
     14.21 Automated Insights

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View Might Not be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 159)
     15.1 Industry Experts
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Available Customizations
     15.5 Related Reports
     15.6 Author Details


List of Tables (100 Tables)

Table 1 United States Dollar Exchange Rate, 2014–2017
Table 2 Factor Analysis
Table 3 Global Natural Language Processing Market Size and Growth Rate, 2017–2024 (USD Million, Y-O-Y %)
Table 4 Natural Language Processing Market Size, By Component, 2017–2024 (USD Million)
Table 5 Natural Language Processing Market Size, By Solution, 2017–2024 (USD Million
Table 6 Solutions: Natural Language Processing Market Size, By Region, 2017–2024 (USD Million)
Table 7 Platform: Natural Language Processing Market Size, By Region, 2017–2024 (USD Million)
Table 8 Software Tools: Natural Language Processing Market Size, By Region, 2017–2024 (USD Million)
Table 9 Natural Language Processing Market Size, By Service, 2017–2024 (USD Million)
Table 10 Services: Natural Language Processing Market Size, By Region, 2017–2024 (USD Million)
Table 11 Managed Services: Natural Language Processing Market Size, By Region, 2017–2024 (USD Million)
Table 12 Professional Services: Natural Language Processing Market Size, By Region, 2017–2024 (USD Million)
Table 13 Natural Language Processing Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 14 Cloud: Natural Language Processing Market Size, By Region, 2017–2024 (USD Million)
Table 15 On-Premises: Natural Language Processing Market Size, By Region, 2017–2024 (USD Million)
Table 16 Natural Language Processing Market Size, By Organization Size, 2017–2024 (USD Million)
Table 17 Small and Medium-Sized Enterprises: Natural Language Processing Market Size, By Region, 2017–2024 (USD Million)
Table 18 Large Enterprises: Natural Language Processing Market Size, By Region, 2017–2024 (USD Million)
Table 19 Natural Language Processing Market Size, By Type, 2017–2024 (USD Million)
Table 20 Rule-Based: Natural Language Processing Market Size, By Region, 2017–2024 (USD Million)
Table 21 Statistical: Natural Language Processing Market Size, By Region, 2017–2024 (USD Million)
Table 22 Hybrid: Natural Language Processing Market Size, By Region, 2017–2024 (USD Million)
Table 23 Natural Language Processing Market Size, By Application, 2017–2024 (USD Million)
Table 24 Text Classification: Natural Language Processing Market Size, By Region, 2017–2024 (USD Million)
Table 25 Automatic Summarization: Natural Language Processing Market Size, By Region, 2017–2024 (USD Million)
Table 26 Machine Translation: Natural Language Processing Market Size, By Region, 2017–2024 (USD Million)
Table 27 Sentiment Analysis: Natural Language Processing Market Size, By Region, 2017–2024 (USD Million)
Table 28 Question Answering: Natural Language Processing Market Size, By Region, 2017–2024 (USD Million)
Table 29 Information Extraction: Natural Language Processing Market Size, By Region, 2017–2024 (USD Million)
Table 30 Others: Natural Language Processing Market Size, By Region, 2017–2024 (USD Million)
Table 31 Natural Language Processing Market Size, By Vertical, 2017–2024 (USD Million)
Table 32 Banking, Financial Services, and Insurance: Natural Language Processing Market Size, By Region, 2017–2024 (USD Million)
Table 33 Healthcare and Life Sciences: Natural Language Processing Market Size, By Region, 2017–2024 (USD Million)
Table 34 IT and Telecommunications: Natural Language Processing Market Size, By Region, 2017–2024 (USD Million)
Table 35 Retail and Ecommerce: Natural Language Processing Market Size, By Region, 2017–2024 (USD Million)
Table 36 Government and Defense: Natural Language Processing Market Size, By Region, 2017–2024 (USD Million)
Table 37 Manufacturing: Natural Language Processing Market Size, By Region, 2017–2024 (USD Million)
Table 38 Media and Entertainment: Natural Language Processing Market Size, By Region, 2017–2024 (USD Million)
Table 39 Travel and Hospitality: Natural Language Processing Market Size, By Region, 2017–2024 (USD Million)
Table 40 Other Verticals: Natural Language Processing Market Size, By Region, 2017–2024 (USD Million)
Table 41 Natural Language Processing Market Size, By Region, 2017–2024 (USD Million)
Table 42 North America: Natural Language Processing Market Size, By Component, 2017–2024 (USD Million)
Table 43 North America: Natural Language Processing Market Size, By Solution, 2017–2024 (USD Million)
Table 44 North America: Natural Language Processing Market Size, By Service, 2017–2024 (USD Million)
Table 45 North America: Natural Language Processing Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 46 North America: Natural Language Processing Market Size, By Organization Size, 2017–2024 (USD Million)
Table 47 North America: Natural Language Processing Market Size, By Type, 2017–2024 (USD Million)
Table 48 North America: Natural Language Processing Market Size, By Application, 2017–2024 (USD Million)
Table 49 North America: Natural Language Processing Market Size, By Vertical, 2017–2024 (USD Million)
Table 50 North America: Natural Language Processing Market Size, By Country, 2017–2024 (USD Million)
Table 51 United States: Natural Language Processing Market Size, By Component, 2017–2024 (USD Million)
Table 52 Canada: Natural Language Processing Market Size, By Component, 2017–2024 (USD Million)
Table 53 Europe: Natural Language Processing Market Size, By Component, 2017–2024 (USD Million)
Table 54 Europe: Natural Language Processing Market Size, By Solution, 2017–2024 (USD Million)
Table 55 Europe: Natural Language Processing Market Size, By Service, 2017–2024 (USD Million)
Table 56 Europe: Natural Language Processing Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 57 Europe: Natural Language Processing Market Size, By Organization Size, 2017–2024 (USD Million)
Table 58 Europe: Natural Language Processing Market Size, By Type, 2017–2024 (USD Million)
Table 59 Europe: Natural Language Processing Market Size, By Application, 2017–2024 (USD Million)
Table 60 Europe: Natural Language Processing Market Size, By Vertical, 2017–2024 (USD Million)
Table 61 Europe: Natural Language Processing Market Size, By Country, 2017–2024 (USD Million)
Table 62 United Kingdom: Natural Language Processing Market Size, By Component, 2017–2024 (USD Million)
Table 63 Germany: Natural Language Processing Market Size, By Component, 2017–2024 (USD Million)
Table 64 France: Natural Language Processing Market Size, By Component, 2017–2024 (USD Million)
Table 65 Asia Pacific: Natural Language Processing Market Size, By Component, 2017–2024 (USD Million)
Table 66 Asia Pacific: Natural Language Processing Market Size, By Solution, 2017–2024 (USD Million)
Table 67 Asia Pacific: Natural Language Processing Market Size, By Service, 2017–2024 (USD Million)
Table 68 Asia Pacific: Natural Language Processing Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 69 Asia Pacific: Natural Language Processing Market Size, By Organization Size, 2017–2024 (USD Million)
Table 70 Asia Pacific: Natural Language Processing Market Size, By Type, 2017–2024 (USD Million)
Table 71 Asia Pacific: Natural Language Processing Market Size, By Application, 2017–2024 (USD Million)
Table 72 Asia Pacific: Natural Language Processing Market Size, By Vertical, 2017–2024 (USD Million)
Table 73 Asia Pacific: Natural Language Processing Market Size, By Country, 2017–2024 (USD Million)
Table 74 China: Natural Language Processing Market Size, By Component, 2017–2024 (USD Million)
Table 75 Japan: Natural Language Processing Market Size, By Component, 2017–2024 (USD Million)
Table 76 Australia and New Zealand: Natural Language Processing Market Size, By Component, 2017–2024 (USD Million)
Table 77 Relative Spend on Artificial Intelligence Transactions Across Countries in Middle East and Africa
Table 78 Middle East and Africa: Natural Language Processing Market Size, By Component, 2017–2024 (USD Million)
Table 79 Middle East and Africa: Natural Language Processing Market Size, By Solution, 2017–2024 (USD Million)
Table 80 Middle East and Africa: Natural Language Processing Market Size, By Service, 2017–2024 (USD Million)
Table 81 Middle East and Africa: Natural Language Processing Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 82 Middle East and Africa: Natural Language Processing Market Size, By Organization Size, 2017–2024 (USD Million)
Table 83 Middle East and Africa: Natural Language Processing Market Size, By Type, 2017–2024 (USD Million)
Table 84 Middle East and Africa: Natural Language Processing Market Size, By Application, 2017–2024 (USD Million)
Table 85 Middle East and Africa: Natural Language Processing Market Size, By Vertical, 2017–2024 (USD Million)
Table 86 Middle East and Africa: Natural Language Processing Market Size, By Sub-Region, 2017–2024 (USD Million)
Table 87 Middle East: Natural Language Processing Market Size, By Component, 2017–2024 (USD Million)
Table 88 Africa: Natural Language Processing Market Size, By Component, 2017–2024 (USD Million)
Table 89 Latin America: Natural Language Processing Market Size, By Component, 2017–2024 (USD Million)
Table 90 Latin America: Natural Language Processing Market Size, By Solution, 2017–2024 (USD Million)
Table 91 Latin America: Natural Language Processing Market Size, By Service, 2017–2024 (USD Million)
Table 92 Latin America: Natural Language Processing Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 93 Latin America: Natural Language Processing Market Size, By Organization Size, 2017–2024 (USD Million)
Table 94 Latin America: Natural Language Processing Market Size, By Type, 2017–2024 (USD Million)
Table 95 Latin America: Natural Language Processing Market Size, By Application, 2017–2024 (USD Million)
Table 96 Latin America: Natural Language Processing Market Size, By Vertical, 2017–2024 (USD Million)
Table 97 Latin America: Natural Language Processing Market Size, By Country, 2017–2024 (USD Million)
Table 98 Brazil: Natural Language Processing Market Size, By Component, 2017–2024 (USD Million)
Table 99 Mexico: Natural Language Processing Market Size, By Component, 2017–2024 (USD Million)
Table 100 Evaluation Criteria
 
 
List of Figures (55 Figures)
 
Figure 1 Natural Language Processing Market: Research Design
Figure 2 Natural Language Processing Market: Top-Down and Bottom-Up Approaches
Figure 3 Natural Language Processing Market Snapshot, By Component
Figure 4 Natural Language Processing Market Snapshot, By Solution
Figure 5 Natural Language Processing Market Snapshot, By Service
Figure 6 Natural Language Processing Market Snapshot, By Deployment Mode
Figure 7 Natural Language Processing Market Snapshot, By Organization Size
Figure 8 Natural Language Processing Market Snapshot, By Type
Figure 9 Natural Language Processing Market Snapshot, By Application
Figure 10 Natural Language Processing Market Snapshot, By Vertical
Figure 11 Natural Language Processing Market Snapshot, By Region
Figure 12 Increase in Smart Device Usage and Surge in the Adoption of Cloud-Based Solutions are the Key Factors Driving the Overall Growth of the Natural Language Processing Market
Figure 13 Sentiment Analysis Segment to Grow at the Highest CAGR During the Forecast Period
Figure 14 North America to Hold the Highest Market Share in 2019
Figure 15 Text Classification Application and BFSI Vertical Accounted for the Highest Shares in the Natural Language Processing Market in 2019
Figure 16 Natural Language Processing Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Services Segment to Grow at a Higher CAGR During the Forecast Period
Figure 18 Software Tools Segment to Grow at a Higher CAGR During the Forecast Period
Figure 19 Managed Services Segment to Grow at a Higher CAGR During the Forecast Period
Figure 20 Cloud Segment to Witness a Higher CAGR During the Forecast Period
Figure 21 Software as a Service Adoption Among Enterprises
Figure 22 Small and Medium-Sized Enterprises Segment to Grow at a Higher CAGR During the Forecast Period
Figure 23 Hybrid Segment to Witness the Highest CAGR During the Forecast Period
Figure 24 Sentiment Analysis Segment to Register the Highest CAGR During the Forecast Period
Figure 25 Healthcare and Life Sciences Vertical to Register the Highest CAGR During the Forecast Period
Figure 26 Comorbidity Detection Effort
Figure 27 Natural Language Processing -Based Solutions Result in Reduced Resource Utilization
Figure 28 Asia Pacific to Account for the Highest CAGR During the Forecast Period
Figure 29 Africa to Account for the Highest CAGR During the Forecast Period
Figure 30 Asia Pacific to Account for the Highest CAGR During the Forecast Period
Figure 31 North America: Market Snapshot
Figure 32 Sentiment Analysis Segment to Grow at the Highest CAGR During the Forecast Period
Figure 33 Sentiment Analysis Segment to Grow at the Highest CAGR During the Forecast Period in Europe
Figure 34 Asia Pacific: Market Snapshot
Figure 35 Sentiment Analysis Segment to Grow at the Highest CAGR During the Forecast Period in Asia Pacific
Figure 36 Artificial Intelligence Investment Transactions: Steady Increase in the Middle East and Africa Region
Figure 37 Sentiment Analysis Segment to Grow at the Highest CAGR During the Forecast Period
Figure 38 Sentiment Analysis Segment to Grow at the Highest CAGR During the Forecast Period
Figure 39 Natural Language Processing Market (Global), Competitive Leadership Mapping, 2019
Figure 40 IBM: Company Snapshot
Figure 41 IBM: SWOT Analysis
Figure 42 Microsoft: Company Snapshot
Figure 43 Microsoft: SWOT Analysis
Figure 44 Google: Company Snapshot
Figure 45 Google: SWOT Analysis
Figure 46 AWS: Company Snapshot
Figure 47 AWS: SWOT Analysis
Figure 48 Facebook: Company Snapshot
Figure 49 Facebook: SWOT Analysis
Figure 50 Apple: Company Snapshot
Figure 51 Apple: SWOT Analysis
Figure 52 3M: Company Snapshot
Figure 53 Intel: Company Snapshot
Figure 54 SAS Institute: Company Snapshot
Figure 55 Baidu: Company Snapshot

The research study for the Natural Language Processing Market report involved the use of extensive secondary sources, directories, as well as a number of journals and magazines, to identify and collect information useful for this technical and market-oriented study. During the production cycle of the report, in-depth interviews were conducted with various primary respondents, including key opinion leaders, subject-matter experts, high-level executives of various companies offering NLP solutions and services, and industry consultants, to obtain and verify critical qualitative and quantitative information, as well as assess the market prospects and industry trends.

Secondary Research

In the secondary research process, various secondary sources were referred to, for identifying and collecting information related to this study. The secondary sources included annual reports, press releases, and investor presentations of NLP solution vendors, whitepapers, certified publications, and articles from recognized industry associations, statistics bureaus, and government publishing sources. The secondary research was mainly used to obtain key information about the industry’s value chain, total pool of key players, market classification, and segmentation from both market- and technology-oriented perspectives.

Primary Research

In the primary research process, various primary sources from both supply and demand sides of the Natural Language Processing Market ecosystem were interviewed to obtain qualitative and quantitative information for the study. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various vendors providing NLP solutions, associated service providers, and system integrators operating in the targeted regions. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

After the complete market engineering (including calculations for market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information, and verify and validate the critical numbers arrived at. The primary research also helped identify and validate the segmentation types; industry trends; key players; competitive landscape of NLP solutions and services offered by different types of market players and key market dynamics, such as drivers, restraints, opportunities, challenges, industry trends, and key strategies.

In the complete market engineering process, both bottom-up and top-down approaches were extensively used, along with several data triangulation methods, to perform the market estimation and market forecasting for the overall market segments and subsegments listed in the report. Extensive qualitative and quantitative analysis was performed on the complete market engineering process to list the key information/insights throughout the report. Following is the breakup of primary respondents:

Natural Language Processing Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Top-down and bottom-up approaches were used to estimate and validate the size of the global Natural Language Processing Market and estimate the size of various other dependent sub-segments. The research methodology used to estimate the market size included the following details: key players in the market were identified through secondary research, and their revenue contributions in the respective regions were determined through primary and secondary research. This entire procedure included the study of the annual and financial reports of top market players and extensive interviews for key insights from industry leaders, such as CEOs, VPs, directors, and marketing executives. All percentage splits and breakups were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data is consolidated and added with detailed inputs and analysis from MarketsandMarkets.

Data Triangulation

With data triangulation and validation through primary interviews, the exact value of the overall parent market size was determined and confirmed using this study. The overall market size was then used in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segmentation.

Report Objectives

  • To describe and forecast the global Natural Language Processing Market on the basis of type, application, components (solutions and services), deployment mode, organization size, industry verticals, and regions
  • To forecast the market size of the 5 main regional segments, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
  • To analyze the subsegments with respect to individual growth trends, prospects, and contributions to the total market
  • To provide detailed information related to the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To analyze the opportunities in the market for stakeholders and provide details of a competitive landscape for the major players
  • To comprehensively analyze core competencies of the key players
  • To track and analyze competitive developments, such as mergers and acquisitions, new product developments, and partnerships and collaborations, in the market

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Product Analysis

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Company Information

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Adjacent Markets

Mar. Size
2018
CAGR 2018-23

Competitive Landscape

 
 
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Report Code
TC 3492
Published ON
Dec, 2019
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