Global Natural Language Processing Market is projected to grow at a CAGR of 20.3% during the forecasting period 2021-2027.

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 natural language processing market 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.

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The Global Natural Language Processing Market report has been categorized as below
By Types
Statistical NLP
Hybrid based NLP
Rule NLP
By Technology
Recognition technologies
Operational technologies
Analytics technologies
By Applications
Machine translation
Information extraction
Report generation
Question answering
Others
By End User
Automotive
Healthcare
Banking Financial Services and Insurance
IT and Telecom
Government, Defense & Aerospace
Media & Advertisement
Academia and Education
By Region
North America
Europe
Asia Pacific
Rest of the World
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