Global Cloud Natural Language Processing Market Overview:
The cloud natural language processing helps in providing all the natural language understanding technologies to the developers, which also includes the entity analysis, sentiment analysis, content classification, entity sentiment analysis, and syntax analysis. This processing is mainly a part of the larger Cloud Machine Learning API family. The Natural Language API has numerous methods for doing the performing analysis and annotation of the texts. Each level of analysis thereby provides a piece of valuable information for the process of language understanding. The cloud Natural Language API is basically a Google service which hereby offers an interface to a number of NLP models that have been trained on large text corpora. The API can further be used for the entity analysis, text classification, syntax analysis, and sentiment analysis. Natural Language Processing API has various methods for carrying out the analysis and annotation on the text or relatively on any natural voice. In NLP every level of the analysis provides some valuable information for the course of language understanding, preference, social media sentiment, and much more. Some of the key players profiled in the study are 3M Company (United States), Apple Inc. (United States), Microsoft Corporation (United States), Amazon Web Services (United States), SAP SE (Germany), SAS Institute Inc. (United States), Dolbey Systems Inc. (United States), Facebook Inc. (United States), Fuji Xerox (Japan), Google Inc. (United States), HP Enterprise (United States), IBM Corporation (United States), Baidu Inc. (China), Convergys Corporation (United States) and Digital Reasoning Systems Inc. (United States).
On the basis of geography, the market of Cloud Natural Language Processing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Solutions will boost the Cloud Natural Language Processing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size, the sub-segment i.e. Small and Medium-sized Enterprises (SMEs) will boost the Cloud Natural Language Processing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Banking, Financial Services and Insurance (BFSI) will boost the Cloud Natural Language Processing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- The Adoption Of NLP Solutions Is Growing Across The World, With The Increasing Awareness About Perceived Benefits
- The Growing Use of Artificial Intelligence (AI) Is Expected To Increase
- Computer Vision and Machine Learning (ML) Algorithms That Further Help In Increasing the Sensitivity and Accuracy
- Growth In The Adoption Of Cloud-Based Solutions And NLP-Based Applications To Improve Customer Service
- Integration of NLP Technology with Computer Apps Helps The Service Providers to Improve Their Engagement Experience
- Stringent Regulations by Government
- The Increasing Competition Across End Users, Organizations That Are Using NLP
- The Adoption of Cloud-Based NLP in Healthcare and Life Sciences Solutions Is Expected To Grow
- High Growth Rate Can Be Further Attributed To the Rising Digital Transformations
- Unawareness About Cloud Natural Language Processing in the Under Developed Regions
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Target Audience:Providers of Cloud Natural Language Processing, End-Users, Potential Investors, Market Research Firms, Regulatory Bodies and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global Cloud Natural Language Processing market on the basis of product [Rule-based, Statistical and Hybrid] , application [Information Extraction, Machine Translation, Processing and Visualization and Question Answering], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Cloud Natural Language Processing market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Cloud Natural Language Processing industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Interactions LLC (United States), Lexalytics Inc. (United States), NetBase Solutions, Inc. (United States) and Nuance Communications (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Cloud Natural Language Processing market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.