Natural Language Processing (NLP) Market Overview

An overview of conceptual frameworks, analytical approaches of the natural language processing market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. Natural Language Processing (NLP) market is expected to grow at a significant rate in the near future.

The global Natural Language Processing (NLP) Market in 2020 is estimated for more than US$ 9.1 Bn and expected to reach a value of US$ 41.9 Bn by 2028 with a significant CAGR of 21.1%.

Natural Language Processing (NLP) Market Dynamics

The global natural language processing market is expected to have steady growth, owing to the increasing application of the smart device, growing adoption of cloud-based solutions and NLP-based applications to improve customer service, and the upsurge in technology investments in the healthcare sectors. Besides, the mounting efforts on the understanding end-user segment during the complete shopping procedure to enhance customer experiences, the implementation of NLP solutions across the globe, and the rapid advances in infrastructure are also responsible for propelling the market growth. Other factors like the high adoption of digital technologies coupled with the intense competition across end-users and the adoption of NLP across verticals with increasing investment among enterprises also aids the market growth.

The global natural language processing market is influenced by the prevailing skin disorders across the globe. Besides, the development of innovative and user-friendly products by the key players coupled with the increasing investments in dermatology creates growth opportunities for the market during the upcoming years. These innovative and advanced products aid the expansion of the product portfolio that further helps in strengthening their business growth globally.

However, the lack of skilled resources coupled with the complication involved in the shift from traditional to advanced technology, due to unstable customer acceptance trends is the major growth restraining factor for the natural language processing market. On the contrary, the factors like the growing investment in the healthcare sector and the necessity for a better human-machine interface offers lucrative growth opportunities during the forecast years.

Natural Language Processing (NLP) Market Segmentation

The global natural language processing market is segmented based on component, deployment mode, organization size, type, application, vertical, and by region.

By Component:

    Solutions    

o    Platform

o    Software Tools

    Services

o    Managed Services

o    Professional Services

By Deployment Mode:

    Cloud

    On-Premises

By Organization Size:

    Small and Medium-Sized Enterprises

    Large Enterprises

By Type: 

    Rule-Based

    Statistical

    Hybrid

By Application:

    Text Classification

    Automatic Summarization

    Machine Translation

    Sentiment Analysis

    Question Answering

    Information Extraction

    Others

By Vertical: 

    Banking, Financial Services, and Insurance

    Healthcare and Life Sciences

    IT and Telecommunications

    Retail and Ecommerce

    Government and Defense

    Manufacturing

    Media and Entertainment

    Travel and Hospitality

    Others

By Region:

    North America

    Europe

    Asia Pacific

    Latin America

    Middle East

    Africa

Natural Language Processing (NLP) Market Competitive Landscape

Key players operating in the global natural language processing market include 3M Company, Alphabet Inc., Amazon Web Services, Inc., Apple Inc., Baidu, Inc., Bitext Innovations, Conversica, Inc., Dolbey Systems, Inc., Facebook Inc.,  Health Fidelity, Inc., IBM Corporation, Intel Corporation, Linguamatics Ltd., Microsoft Corporation, SAS Institute Inc., and Veritone, Inc.

Regional Segmentation

Based on the region, the natural language processing (NLP) market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.

MMC Overview on Lysine Market Report

The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give better opportunity for the customers to put their effort.

A research report on the natural language processing market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that supports market and the factors that are acting as impedance for the growth of the market.

Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market. The report is titled as ‘Natural Language Processing Market: Opportunity Analysis and Future Assessment 2020-2028’.

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth include (but not restricted to):

•    New product designs and launches

•    Current product compliance

•    Reimbursement

•    Concerns for use of Natural Language Processing

•    Advantages of Natural Language Processing

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.

1.    Global Natural Language Processing (NLP) Market Report Overview

1.1.    Introduction

1.2.    Report Description

1.3.    Methodology

2.    Global Natural Language Processing (NLP) Market Overview

2.1.    Introduction

2.1.1.    Market Definition

2.1.2.    Market Taxonomy

2.2.    Executive Summary

2.3.    Global Natural Language Processing (NLP) Market Snapshot

2.4.    Global Natural Language Processing (NLP) Market Size and Forecast, 2019–2027

2.4.1.    Introduction

2.4.2.    Market Value Forecast and Annual Growth Rate (AGR) Comparison (2019–2027)

2.5.    Global Natural Language Processing (NLP) Market Dynamics

2.5.1.    Drivers

2.5.2.    Restraints

2.5.3.    Opportunity

2.5.4.    Trends

2.6.    Key Regulations

2.7.    Porter’s Five Forces Model

3.    Global Natural Language Processing (NLP) Market, By Component

3.1.    Introduction

3.1.1.    Annual Growth Rate Comparison, By Component

3.1.2.    BPS Analysis, By Component

3.2.    Market Revenue (US$Mn) Forecast, By Component

3.2.1.    Solutions    

3.2.1.1.    Platform

3.2.1.2.    Software Tools

3.2.2.    Services

3.2.2.1.    Managed Services

3.2.2.2.    Professional Services

3.3.    Global Natural Language Processing (NLP) Market Attractiveness Index, By Component

4.    Global Natural Language Processing (NLP) Market, By Deployment Mode

4.1.    Introduction

4.1.1.    Annual Growth Rate Comparison, By Deployment Mode

4.1.2.    BPS Analysis, By Deployment Mode

4.2.    Market Revenue (US$Mn) Forecast, By Deployment Mode

4.2.1.    Cloud

4.2.2.    On-Premises

4.3.    Global Natural Language Processing (NLP) Market Attractiveness Index, By Deployment Mode

5.    Global Natural Language Processing (NLP) Market, By Organization Size

5.1.    Introduction

5.1.1.    Annual Growth Rate Comparison, By Organization Size

5.1.2.    BPS Analysis, By Organization Size

5.2.    Market Revenue (US$Mn) Forecast, By Organization Size

5.2.1.    Small and Medium-Sized Enterprises

5.2.2.    Large Enterprises

5.3.    Global Natural Language Processing (NLP) Market Attractiveness Index, By Organization Size

6.    Global Natural Language Processing (NLP) Market, By Type

6.1.    Introduction

6.1.1.    Annual Growth Rate Comparison, By Type

6.1.2.    BPS Analysis, By Type

6.2.    Market Revenue (US$Mn) Forecast, By Type

6.2.1.    Rule-Based

6.2.2.    Statistical

6.2.3.    Hybrid

6.3.    Global Natural Language Processing (NLP) Market Attractiveness Index, By Type

7.    Global Natural Language Processing (NLP) Market, By Application

7.1.    Introduction

7.1.1.    Annual Growth Rate Comparison, By Application

7.1.2.    BPS Analysis, By Application

7.2.    Market Revenue (US$Mn) Forecast, By Application

7.2.1.    Text Classification

7.2.2.    Automatic Summarization

7.2.3.    Machine Translation

7.2.4.    Sentiment Analysis

7.2.5.    Question Answering

7.2.6.    Information Extraction

7.2.7.    Others

7.3.    Global Natural Language Processing (NLP) Market Attractiveness Index, By Application

8.    Global Natural Language Processing (NLP) Market, By Vertical

8.1.    Introduction

8.1.1.    Annual Growth Rate Comparison, By Vertical

8.1.2.    BPS Analysis, By Vertical

8.2.    Market Revenue (US$Mn) Forecast, By Vertical

8.2.1.    Banking, Financial Services, and Insurance

8.2.2.    Healthcare and Life Sciences

8.2.3.    IT and Telecommunications

8.2.4.    Retail and Ecommerce

8.2.5.    Government and Defence

8.2.6.    Manufacturing

8.2.7.    Media and Entertainment

8.2.8.    Travel and Hospitality

8.2.9.    Others

8.3.    Global Natural Language Processing (NLP) Market Attractiveness Index, By Vertical

9.    Global Natural Language Processing (NLP) Market, By Region

9.1.    Introduction

9.1.1.    Annual Growth Rate Comparison, By Region

9.1.2.    BPS Analysis, By Region

9.2.    Market Revenue (US$Mn) Forecast, By Region

9.2.1.    North America

9.2.2.    Latin America

9.2.3.    Europe

9.2.4.    Asia Pacific

9.2.5.    Middle East

9.2.6.    Africa

9.3.    Global Natural Language Processing (NLP) Market  Attractiveness Index, By Region

10.    North America Natural Language Processing (NLP) Market Analysis and Forecast, 2019–2027

10.1.    Introduction

10.1.1.    Annual Growth Rate Comparison, By Country

10.1.2.    BPS Analysis, By Country

10.2.    Market Revenue (US$Mn) Forecast, By Country

10.2.1.    U.S. Natural Language Processing (NLP) Market

10.2.2.    Canada Natural Language Processing (NLP) Market

10.3.    North America Natural Language Processing (NLP) Market, By Component

10.3.1.    Solutions    

10.3.1.1.    Platform

10.3.1.2.    Software Tools

10.3.2.    Services

10.3.2.1.    Managed Services

10.3.2.2.    Professional Services

10.4.    North America Natural Language Processing (NLP) Market, By Deployment Mode

10.4.1.    Cloud

10.4.2.    On-Premises

10.5.    North America Natural Language Processing (NLP) Market, By Organization Size

10.5.1.    Small and Medium-Sized Enterprises

10.5.2.    Large Enterprises

10.6.    North America Natural Language Processing (NLP) Market, By Type

10.6.1.    Rule-Based

10.6.2.    Statistical

10.6.3.    Hybrid

10.7.    North America Natural Language Processing (NLP) Market, By Application

10.7.1.    Text Classification

10.7.2.    Automatic Summarization

10.7.3.    Machine Translation

10.7.4.    Sentiment Analysis

10.7.5.    Question Answering

10.7.6.    Information Extraction

10.7.7.    Others

10.8.    North America Natural Language Processing (NLP) Market, By Vertical

10.8.1.    Banking, Financial Services, and Insurance

10.8.2.    Healthcare and Life Sciences

10.8.3.    IT and Telecommunications

10.8.4.    Retail and Ecommerce

10.8.5.    Government and Defence

10.8.6.    Manufacturing

10.8.7.    Media and Entertainment

10.8.8.    Travel and Hospitality

10.8.9.    Others

10.9.    North America Natural Language Processing (NLP) Market Attractiveness Index

10.9.1.    By Country

10.9.2.    By Component

10.9.3.    By Deployment Mode

10.9.4.    By Organization Size

10.9.5.    By Type

10.9.6.    By Application

10.9.7.    By Vertical

11.    Latin America Natural Language Processing (NLP) Market Analysis and Forecast, 2019–2027

11.1.    Introduction

11.1.1.    Annual Growth Rate Comparison, By Country

11.1.2.    BPS Analysis, By Country

11.2.    Market (US$Mn) Forecast, By Country

11.2.1.    Brazil Natural Language Processing (NLP) Market

11.2.2.    Mexico Natural Language Processing (NLP) Market

11.2.3.    Argentina Natural Language Processing (NLP) Market

11.2.4.    Rest of Latin America Natural Language Processing (NLP) Market

11.3.    Latin America Natural Language Processing (NLP) Market, By Component

11.3.1.    Solutions    

11.3.1.1.    Platform

11.3.1.2.    Software Tools

11.3.2.    Services

11.3.2.1.    Managed Services

11.3.2.2.    Professional Services

11.4.    Latin America Natural Language Processing (NLP) Market, By Deployment Mode

11.4.1.    Cloud

11.4.2.    On-Premises

11.5.    Latin America Natural Language Processing (NLP) Market, By Organization Size

11.5.1.    Small and Medium-Sized Enterprises

11.5.2.    Large Enterprises

11.6.    Latin America Natural Language Processing (NLP) Market, By Type

11.6.1.    Rule-Based

11.6.2.    Statistical

11.6.3.    Hybrid

11.7.    Latin America Natural Language Processing (NLP) Market, By Application

11.7.1.    Text Classification

11.7.2.    Automatic Summarization

11.7.3.    Machine Translation

11.7.4.    Sentiment Analysis

11.7.5.    Question Answering

11.7.6.    Information Extraction

11.7.7.    Others

11.8.    Latin America Natural Language Processing (NLP) Market, By Vertical

11.8.1.    Banking, Financial Services, and Insurance

11.8.2.    Healthcare and Life Sciences

11.8.3.    IT and Telecommunications

11.8.4.    Retail and Ecommerce

11.8.5.    Government and Defence

11.8.6.    Manufacturing

11.8.7.    Media and Entertainment

11.8.8.    Travel and Hospitality

11.8.9.    Others

11.9.    Latin America Natural Language Processing (NLP) Market Attractiveness Index

11.9.1.    By Country

11.9.2.    By Component

11.9.3.    By Deployment Mode

11.9.4.    By Organization Size

11.9.5.    By Type

11.9.6.    By Application

11.9.7.    By Vertical

12.    Europe Natural Language Processing (NLP) Market Analysis and Forecast, 2019–2027

12.1.    Introduction

12.1.1.    Annual Growth Rate Comparison, By Country

12.1.2.    BPS Analysis, By Country

12.2.    Market (US$Mn) Forecast, By Country

12.2.1.    U.K. Natural Language Processing (NLP) Market

12.2.2.    Germany Natural Language Processing (NLP) Market

12.2.3.    Italy Natural Language Processing (NLP) Market

12.2.4.    France Natural Language Processing (NLP) Market

12.2.5.    Spain Natural Language Processing (NLP) Market

12.2.6.    Russia Natural Language Processing (NLP) Market

12.2.7.    Poland Natural Language Processing (NLP) Market

12.2.8.    BENELUX Natural Language Processing (NLP) Market

12.2.9.    NORDIC Natural Language Processing (NLP) Market

12.2.10.    Rest of Europe Natural Language Processing (NLP) Market

12.3.    Europe Natural Language Processing (NLP) Market, By Component

12.3.1.    Solutions    

12.3.1.1.    Platform

12.3.1.2.    Software Tools

12.3.2.    Services

12.3.2.1.    Managed Services

12.3.2.2.    Professional Services

12.4.    Europe Natural Language Processing (NLP) Market, By Deployment Mode

12.4.1.    Cloud

12.4.2.    On-Premises

12.5.    Europe Natural Language Processing (NLP) Market, By Organization Size

12.5.1.    Small and Medium-Sized Enterprises

12.5.2.    Large Enterprises

12.6.    Europe Natural Language Processing (NLP) Market, By Type

12.6.1.    Rule-Based

12.6.2.    Statistical

12.6.3.    Hybrid

12.7.    Europe Natural Language Processing (NLP) Market, By Application

12.7.1.    Text Classification

12.7.2.    Automatic Summarization

12.7.3.    Machine Translation

12.7.4.    Sentiment Analysis

12.7.5.    Question Answering

12.7.6.    Information Extraction

12.7.7.    Others

12.8.    Europe Natural Language Processing (NLP) Market, By Vertical

12.8.1.    Banking, Financial Services, and Insurance

12.8.2.    Healthcare and Life Sciences

12.8.3.    IT and Telecommunications

12.8.4.    Retail and Ecommerce

12.8.5.    Government and Defence

12.8.6.    Manufacturing

12.8.7.    Media and Entertainment

12.8.8.    Travel and Hospitality

12.8.9.    Others

12.9.    Europe Natural Language Processing (NLP) Market Attractiveness Index

12.9.1.    By Country

12.9.2.    By Component

12.9.3.    By Deployment Mode

12.9.4.    By Organization Size

12.9.5.    By Type

12.9.6.    By Application

12.9.7.    By Vertical

13.    Asia Pacific Natural Language Processing (NLP) Market Analysis and Forecast, 2019–2027

13.1.    Introduction

13.1.1.    Annual Growth Rate Comparison, By Country

13.1.2.    BPS Analysis, By Country

13.2.    Market (US$Mn) Forecast, By Country

13.2.1.    China Natural Language Processing (NLP) Market

13.2.2.    India Natural Language Processing (NLP) Market

13.2.3.    Japan Natural Language Processing (NLP) Market

13.2.4.    Australia and New Zealand Natural Language Processing (NLP) Market

13.2.5.    South Korea Natural Language Processing (NLP) Market

13.2.6.    ASEAN Natural Language Processing (NLP) Market

13.2.7.    Rest of Asia Pacific Natural Language Processing (NLP) Market

13.3.    Asia Pacific Natural Language Processing (NLP) Market, By Component

13.3.1.    Solutions    

13.3.1.1.    Platform

13.3.1.2.    Software Tools

13.3.2.    Services

13.3.2.1.    Managed Services

13.3.2.2.    Professional Services

13.4.    Asia Pacific Natural Language Processing (NLP) Market, By Deployment Mode

13.4.1.    Cloud

13.4.2.    On-Premises

13.5.    Asia Pacific Natural Language Processing (NLP) Market, By Organization Size

13.5.1.    Small and Medium-Sized Enterprises

13.5.2.    Large Enterprises

13.6.    Asia Pacific Natural Language Processing (NLP) Market, By Type

13.6.1.    Rule-Based

13.6.2.    Statistical

13.6.3.    Hybrid

13.7.    Asia Pacific Natural Language Processing (NLP) Market, By Application

13.7.1.    Text Classification

13.7.2.    Automatic Summarization

13.7.3.    Machine Translation

13.7.4.    Sentiment Analysis

13.7.5.    Question Answering

13.7.6.    Information Extraction

13.7.7.    Others

13.8.    Asia Pacific Natural Language Processing (NLP) Market, By Vertical

13.8.1.    Banking, Financial Services, and Insurance

13.8.2.    Healthcare and Life Sciences

13.8.3.    IT and Telecommunications

13.8.4.    Retail and Ecommerce

13.8.5.    Government and Defence

13.8.6.    Manufacturing

13.8.7.    Media and Entertainment

13.8.8.    Travel and Hospitality

13.8.9.    Others

13.9.    Asia Pacific Natural Language Processing (NLP) Market Attractiveness Index

13.9.1.    By Country

13.9.2.    By Component

13.9.3.    By Deployment Mode

13.9.4.    By Organization Size

13.9.5.    By Type

13.9.6.    By Application

13.9.7.    By Vertical

14.    Middle East Natural Language Processing (NLP) Market, By Region

14.1.    Introduction

14.1.1.    Annual Growth Rate Comparison, By Country

14.1.2.    BPS Analysis, By Country

14.2.    Market (US$Mn) Forecast, By Country

14.2.1.    GCC Countries Natural Language Processing (NLP) Market

14.2.2.    Israel Natural Language Processing (NLP) Market

14.2.3.    Oman Natural Language Processing (NLP) Market

14.2.4.    Rest of Middle East Natural Language Processing (NLP) Market

14.3.    Middle East Natural Language Processing (NLP) Market, By Component

14.3.1.    Solutions    

14.3.1.1.    Platform

14.3.1.2.    Software Tools

14.3.2.    Services

14.3.2.1.    Managed Services

14.3.2.2.    Professional Services

14.4.    Middle East Natural Language Processing (NLP) Market, By Deployment Mode

14.4.1.    Cloud

14.4.2.    On-Premises

14.5.    Middle East Natural Language Processing (NLP) Market, By Organization Size

14.5.1.    Small and Medium-Sized Enterprises

14.5.2.    Large Enterprises

14.6.    Middle East Natural Language Processing (NLP) Market, By Type

14.6.1.    Rule-Based

14.6.2.    Statistical

14.6.3.    Hybrid

14.7.    Middle East Natural Language Processing (NLP) Market, By Application

14.7.1.    Text Classification

14.7.2.    Automatic Summarization

14.7.3.    Machine Translation

14.7.4.    Sentiment Analysis

14.7.5.    Question Answering

14.7.6.    Information Extraction

14.7.7.    Others

14.8.    Middle East Natural Language Processing (NLP) Market, By Vertical

14.8.1.    Banking, Financial Services, and Insurance

14.8.2.    Healthcare and Life Sciences

14.8.3.    IT and Telecommunications

14.8.4.    Retail and Ecommerce

14.8.5.    Government and Defence

14.8.6.    Manufacturing

14.8.7.    Media and Entertainment

14.8.8.    Travel and Hospitality

14.8.9.    Others

14.9.    Middle East Natural Language Processing (NLP) Market Attractiveness Index

14.9.1.    By Country

14.9.2.    By Component

14.9.3.    By Deployment Mode

14.9.4.    By Organization Size

14.9.5.    By Type

14.9.6.    By Application

14.9.7.    By Vertical

15.    Africa Natural Language Processing (NLP) Market, By Region

15.1.    Introduction

15.1.1.    Annual Growth Rate Comparison, By Country

15.1.2.    BPS Analysis, By Country

15.2.    Market (US$Mn) Forecast, By Country

15.2.1.    South Africa Natural Language Processing (NLP) Market

15.2.2.    Egypt Natural Language Processing (NLP) Market

15.2.3.    North Africa Natural Language Processing (NLP) Market

15.2.4.    Rest of Africa Natural Language Processing (NLP) Market

15.3.    Africa Natural Language Processing (NLP) Market, By Component

15.3.1.    Solutions    

15.3.1.1.    Platform

15.3.1.2.    Software Tools

15.3.2.    Services

15.3.2.1.    Managed Services

15.3.2.2.    Professional Services

15.4.    Africa Natural Language Processing (NLP) Market, By Deployment Mode

15.4.1.    Cloud

15.4.2.    On-Premises

15.5.    Africa Natural Language Processing (NLP) Market, By Organization Size

15.5.1.    Small and Medium-Sized Enterprises

15.5.2.    Large Enterprises

15.6.    Africa Natural Language Processing (NLP) Market, By Type

15.6.1.    Rule-Based

15.6.2.    Statistical

15.6.3.    Hybrid

15.7.    Africa Natural Language Processing (NLP) Market, By Application

15.7.1.    Text Classification

15.7.2.    Automatic Summarization

15.7.3.    Machine Translation

15.7.4.    Sentiment Analysis

15.7.5.    Question Answering

15.7.6.    Information Extraction

15.7.7.    Others

15.8.    Africa Natural Language Processing (NLP) Market, By Vertical

15.8.1.    Banking, Financial Services, and Insurance

15.8.2.    Healthcare and Life Sciences

15.8.3.    IT and Telecommunications

15.8.4.    Retail and Ecommerce

15.8.5.    Government and Defence

15.8.6.    Manufacturing

15.8.7.    Media and Entertainment

15.8.8.    Travel and Hospitality

15.8.9.    Others

15.9.    Africa Natural Language Processing (NLP) Market Attractiveness Index

15.9.1.    By Country

15.9.2.    By Component

15.9.3.    By Deployment Mode

15.9.4.    By Organization Size

15.9.5.    By Type

15.9.6.    By Application

15.9.7.    By Vertical

16.    Recommendation

16.1.    Market Strategy

17.    Competitive Landscape

17.1.    Competition Dashboard

17.2.    List and Company Overview of Global Key Players

17.3.    Company Profiles

17.3.1.    3M Company

17.3.1.1.    Company Overview

17.3.1.2.    Financial Overview

17.3.1.3.    Product Portfolio

17.3.1.4.    Key Developments

17.3.1.5.    Business Strategies

17.3.2.    Alphabet Inc. 

17.3.3.    Amazon Web Services, Inc. 

17.3.4.    Apple Inc. 

17.3.5.    Baidu, Inc.

17.3.6.    Bitext Innovations

17.3.7.    Conversica, Inc.

17.3.8.    Dolbey Systems, Inc.

17.3.9.     Facebook, Inc.

17.3.10.    Health Fidelity, Inc.

17.3.11.    IBM Corporation 

17.3.12.    Intel Corporation

17.3.13.    Linguamatics Ltd.

17.3.14.    Microsoft Corporation

17.3.15.    SAS Institute Inc.

17.3.16.    Veritone, Inc.

18.    Acronyms