Cloud Natural Language Processing Market Key Industry Players are: Google, Microsoft, Amazon Web Services, Apple Inc., IBM, HPE, SAP SE, and Nuance Communication
North America holds majority of the global cloud NLP market, as it is one of the early adopters of the technology.
(EMAILWIRE.COM, August 20, 2018 ) Market Overview:-
Cloud NLP Market is estimated to reach USD 6.1 billion by the year 2024. The growth of the market is driven by the increasing use of NLP technology across several industries such as BFSI, IT & telecommunication, media & advertisement and healthcare. For instance, BFSI sector is utilizing NLP technology for text mining, solving queries, machine translation applications for cross boarder payments, and foreign exchange. Similarly, hospitals, diagnostic and daycare centers are also widely adopting these solutions for managing notes and documents, analyzing transcriptions, and reduce human error. Besides, they also assist in reducing medication errors and manages Health Information Management systems for large hospitals.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2202
The increase in investment in the AI technology is also significantly impacting the growth of the market. As AI technology is maturing, organizations are shifting more towards the technology along with the traditional analytics platforms. The advance feature and benefits offered by the technology is attracting more investments and fueling the adoption among organizations, for instance, in 2017 there has been more than 300% increase in investment in AI.
Top Key Players:-
The global Cloud NLP Market revolves around the market of some multinational players. However, some regional players are also contributing towards the growth of the market. Major vendors of the cloud NLP market are Google, IBM, Microsoft, Facebook, Apple, AWS, HPE, Nuance Communication, SAP SE, SAS, Baidu Inc., Netbase Solutions, Dolbey Systems, Lexalytics, Fuji Xerox, and Verint systems.
Market share calculation in this report is not done based on companies covered in it. The calculation of cloud NLP market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
North America holds majority of the global cloud NLP market, as it is one of the early adopters of the technology. One of the primary factor that is backing the growth of the market in the region is investment in machine learning, analytics, and deep learning and presence of large number of players in the market including Google, IBM, Microsoft and start-ups such as Interactions LLC and Lexalytics. Furthermore, increasing adoption of the cloud services in the region is also estimated to back the growth of the market.
Partial Chapter of the Table of Content
Chapter 3. Cloud NLP Industry Insights
3.1. Introduction
3.2. Industry segmentation
3.3. Industry landscape, 2013-2024
3.4. Industry ecosystem analysis
3.5. Cloud natural language processing architecture analysis
3.6. Cloud natural language processing features
3.7. Technology & innovation landscape
3.8. Regulatory landscape
3.9. Industry impact forces
3.9.1. Growth drivers
3.9.1.1. Increasing investment in AI in North America
3.9.1.2. Rising demand to improve customer experience
3.9.1.3. Growing digital data
3.9.1.4. Rapid adoption of smart devices
3.9.2. Industry pitfalls & challenges
3.9.2.1. Requirement for effective predictive technology
3.9.2.2. Low adoption trends
3.10. Growth potential analysis
3.11. Porter's analysis
3.12. PESTEL analysis
Chapter 4. Competitive Landscape
4.1. Introduction
4.2. Company analysis by major players, 2016
4.3. Company analysis by innovation leaders, 2016
4.4. Competitive landscape
Browse Full Report @ https://www.gminsights.com/industry-analysis/cloud-natural-language-processing-nlp-market
The global cloud NLP market is revolving around the revenues of some of the major players such as Google, Microsoft, IBM, Facebook, Amazon and Apple. However, some start-ups and regional players such as Klevu, Fort Scale, Inbenta are contributing towards the market. The market in quite competitive and companies are using M&A has their strategy to gain competitive edge and acquire talent and expertise. For instance, since 2012, Google has acquired more than 25 AI based companies to enhance their capabilities and expand product portfolio. Similarly, Apple has also acquired 8 AI based start-ups in the past five years. These indicates the intensity of the competitive rivalry among market players, driving the growth of the market.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Cloud NLP Market is estimated to reach USD 6.1 billion by the year 2024. The growth of the market is driven by the increasing use of NLP technology across several industries such as BFSI, IT & telecommunication, media & advertisement and healthcare. For instance, BFSI sector is utilizing NLP technology for text mining, solving queries, machine translation applications for cross boarder payments, and foreign exchange. Similarly, hospitals, diagnostic and daycare centers are also widely adopting these solutions for managing notes and documents, analyzing transcriptions, and reduce human error. Besides, they also assist in reducing medication errors and manages Health Information Management systems for large hospitals.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2202
The increase in investment in the AI technology is also significantly impacting the growth of the market. As AI technology is maturing, organizations are shifting more towards the technology along with the traditional analytics platforms. The advance feature and benefits offered by the technology is attracting more investments and fueling the adoption among organizations, for instance, in 2017 there has been more than 300% increase in investment in AI.
Top Key Players:-
The global Cloud NLP Market revolves around the market of some multinational players. However, some regional players are also contributing towards the growth of the market. Major vendors of the cloud NLP market are Google, IBM, Microsoft, Facebook, Apple, AWS, HPE, Nuance Communication, SAP SE, SAS, Baidu Inc., Netbase Solutions, Dolbey Systems, Lexalytics, Fuji Xerox, and Verint systems.
Market share calculation in this report is not done based on companies covered in it. The calculation of cloud NLP market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
North America holds majority of the global cloud NLP market, as it is one of the early adopters of the technology. One of the primary factor that is backing the growth of the market in the region is investment in machine learning, analytics, and deep learning and presence of large number of players in the market including Google, IBM, Microsoft and start-ups such as Interactions LLC and Lexalytics. Furthermore, increasing adoption of the cloud services in the region is also estimated to back the growth of the market.
Partial Chapter of the Table of Content
Chapter 3. Cloud NLP Industry Insights
3.1. Introduction
3.2. Industry segmentation
3.3. Industry landscape, 2013-2024
3.4. Industry ecosystem analysis
3.5. Cloud natural language processing architecture analysis
3.6. Cloud natural language processing features
3.7. Technology & innovation landscape
3.8. Regulatory landscape
3.9. Industry impact forces
3.9.1. Growth drivers
3.9.1.1. Increasing investment in AI in North America
3.9.1.2. Rising demand to improve customer experience
3.9.1.3. Growing digital data
3.9.1.4. Rapid adoption of smart devices
3.9.2. Industry pitfalls & challenges
3.9.2.1. Requirement for effective predictive technology
3.9.2.2. Low adoption trends
3.10. Growth potential analysis
3.11. Porter's analysis
3.12. PESTEL analysis
Chapter 4. Competitive Landscape
4.1. Introduction
4.2. Company analysis by major players, 2016
4.3. Company analysis by innovation leaders, 2016
4.4. Competitive landscape
Browse Full Report @ https://www.gminsights.com/industry-analysis/cloud-natural-language-processing-nlp-market
The global cloud NLP market is revolving around the revenues of some of the major players such as Google, Microsoft, IBM, Facebook, Amazon and Apple. However, some start-ups and regional players such as Klevu, Fort Scale, Inbenta are contributing towards the market. The market in quite competitive and companies are using M&A has their strategy to gain competitive edge and acquire talent and expertise. For instance, since 2012, Google has acquired more than 25 AI based companies to enhance their capabilities and expand product portfolio. Similarly, Apple has also acquired 8 AI based start-ups in the past five years. These indicates the intensity of the competitive rivalry among market players, driving the growth of the market.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Information:
Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results
Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results