About NLP
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.
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?
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
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
PART 18: Key vendor analysis
- 3M
- Apple
- Google
- Microsoft
PART 19: Appendix
PART 20: Explore Technavio
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape