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(Wireless-NewsWire.Com, July 05, 2021 ) The natural language processing is a domain of computer science and artificial intelligence which is associated with interaction between computer and human language. It is a part of artificial intelligence, which have the ability of understanding human language and later translate into machine language. In the present business scenario, humongous volume of data (big data) is being produced from several sources such as forums, audio, documents, emails, web blogs, social networking sites, etc. Natural language processing technique has been used in analysis of big data. Incorporation of natural language processing in text analytics has resulted in the growth of advanced text analytics solutions. Increasing demand for text analytics in several organizations for obtaining greater market insights has boosted the demand for text analytic solutions. Thus, the global natural language processing industry would be profitable in the coming years.
The application of natural language processing is majorly observed in healthcare sectors due to the huge amount of data generating in nowadays with an increased rate of digitalization across hospitals and other healthcare premises. With the advancement in internet of things and communication technologies, it has become potential to build communication between various devices. The smart device can be a mobile phone, an industrial device installed in an industry, or a device operating in home or building environment. NLP has proven exceptionally beneficial in providing interactions between users and systems or machines.
Some of the key players are Verint System, IBM Corporation, Dolbey Systems Inc., Apple Incorporation, Hewlett-Packard Enterprise Company, Microsoft Corporation, Google, Netbase Solutions, SAS Instituite, Inc. and 3M Company.
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Here Is A List Of reports from same Information and Communication Technology category By whipsmartmi:
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The global Natural Language Processing Market report scope consists of a comprehensive study covering primary factors impacting the industry trends. The study includes analysis of regional and country-level market dynamics. The scope also consists of competitive overview offering company market shares coupled with company profiles for key revenue contributing companies. The report scope covers a detailed competitive outlook covering market shares and profiles of key participants in the market share.
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