Cloud Natural Language Processing Market to Penetrate the 6 Billion Dollar Business Realm by 2024

North America holds majority of the global Cloud Natural Language Processing Market, as it is one of the early adopters of the technology

Selbyville, United States - September 12, 2019 /MarketersMedia/ —

The competitive spectrum of cloud natural language processing market proudly boasts of some of most acclaimed top-shots, such as Amazon Web Services, Fuji Xerox, Baidu, Google, Netbase Solutions, IBM, Microsoft, Verint Systems, Apple Inc., SAP SE, Dolbey Systems, HPE, Facebook, and Nuance Communication. Given the distinguished stance these firms have in the tech cosmos, it comes as no surprise that these companies have been going the whole hog to bring forth a range of highly innovative products that would benefit the cloud NLP industry. The intensely fierce combative environment has made it even more mandatory for companies to adopt tried-and-tested as well as unique, out-of-the-box growth strategies to sustain in Cloud Natural Language Processing Industry.

Get sample copy 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. The growing investment in the technology is attributed to the wide applications of the technology along with advanced analytics, machine learning and cognitive surface into the complex systems. The rapid adoption of smart devices, growth in digital data, and investment by technology providers is also fostering the growth of the market.

The global Cloud Natural Language Processing 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.

North America holds majority of the global Cloud Natural Language Processing 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.

Browse key industry insights spread across 230 pages with 348 market data tables & 42 figures & charts from the report, “Cloud Natural Language Processing Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/cloud-natural-language-processing-nlp-market

The robustly growing demand for content localization would also massively fuel the requirement of NLP services, thereby augmenting the revenue graph of cloud natural language processing industry. With major vendors attempting to launch extensively innovative products for a widespread application spectrum, and the increasing demand for ingenious analytics software that would command the deployment of the cloud space to derive business insights, Cloud Natural Language Processing Market size is forecast to grow at an appreciable CAGR of 17% over 2017-2024, as per a report put together by Global Market Insights, Inc.

Some Points From Table Of Content: -

Chapter 5. Cloud Natural Language Processing Market, By Product
5.1. Cloud Natural Language Processing Market share by product, 2016 & 2024
5.2. Rule based
5.2.1. Rule based NLP, by region, 2013-2024
5.3. Statistical
5.3.1. Statistical NLP, by region, 2013-2024
5.4. Hybrid
5.4.1. Hybrid NLP, by region, 2013-2024

Chapter 6. Cloud Natural Language Processing Market, By Deployment Model
6.1. Cloud Natural Language Processing Market share by deployment model, 2016 & 2024
6.2. Public cloud
6.2.1. Public cloud market, by region, 2013-2024
6.3. Private cloud
6.3.1. Private cloud market, by region, 2013-2024
6.4. Hybrid cloud
6.4.1. Hybrid cloud market, by region, 2013-2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/cloud-natural-language-processing-nlp-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 Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Address: Global Market Insights, Inc., 4 North Main Street,
Phone: 1-888-689-0688
Website: https://www.gminsights.com/pressrelease/cloud-natural-language-processing-nlp-market

Source URL: https://marketersmedia.com/cloud-natural-language-processing-market-to-penetrate-the-6-billion-dollar-business-realm-by-2024/88918249

Source: MarketersMedia

Release ID: 88918249

Latest News

Innovative fashion designers lead the way on sustainability

Feb 23, 2020

LONDON — Innovative fashion designers are turning to such things as horseradish and nettles to make sustainable clothing and accessories to the delight of a growing number of buyers. While more consumers are paying closer attention to how the production of goods impacts the environment, old habits die hard. A buy-and-toss mentality persists despite a boost from celebrities helping to drive the upcycle and vintage movements. Actress Maggie Q, who created an activewear line from recycled fabrics, is among activists who see plenty of room for improvement. She says she feels "sick about fast fashion.'' "You hear people say, 'Well,...

Riot police storm Hong Kong malls to nip more protests

Feb 23, 2020

HONG KONG — Riot police stormed several malls in Hong Kong on Sunday in a move to thwart more pro-democracy protests, as the city's leader heads to Beijing for talks on deepening economic integration between the semi-autonomous Chinese territory and mainland China. There were calls online urging protesters to gather in seven locations to sustain a push for political reform following a chaotic day of protests and clashes with police on Saturday, with the anti-government movement showing no signs of letting up after nearly five months. Most of the rallies didn't pan out Sunday as scores of riot police took...

UK opposition parties suggest Dec. 9 vote in Brexit gambit

Feb 23, 2020

LONDON — Two British opposition parties on Sunday proposed an even earlier election date than Prime Minister Boris Johnson has offered, trying to force his government to delay a final decision on its European Union divorce deal. The chess move by the Liberal Democrats and Scottish National Party reflects the volatile political landscape now in Britain. The ruling Conservatives desperately want a new election to bolster their numbers in Parliament, but they face resistance from the main opposition Labour Party, which fears the country will be unwittingly tricked into crashing out of the European Union without a deal. The latest...

Nissan ex-chairman Ghosn's lawyers want charges dismissed

Feb 23, 2020

TOKYO — The lawyers of former Nissan Chairman Carlos Ghosn, who is awaiting trial in Japan, said Thursday they have asked that financial misconduct charges against him be dismissed. They said in a statement that they filed papers in Tokyo District Court alleging prosecutorial misconduct that would prevent Ghosn from having a fair trial. The filings say the case results from unlawful collusion between prosecutors, government officials and Nissan executives to drum up allegations. The papers Ghosn's lawyers filed in Tokyo District Court last week allege collusion between the prosecutors, government officials and executives at Nissan Motor Co. to drum...

China says US has 'weaponized' visas to target exchanges

Feb 23, 2020

BEIJING — China on Wednesday accused the U.S. of having "weaponized" the issuance of visas following the reported inability of a top Chinese space program official to obtain permission to travel to a key conference in Washington. Foreign Ministry spokeswoman Hua Chunying told reporters that the head of the Chinese delegation to the International Astronautical Congress wasn't able to obtain a visa following an Oct. 12 interview, making it difficult for Chinese representatives to attend important events at the meeting. Reports said the vice chairman of the China National Space Administration, Wu Yanhua, had planned to attend the congress. Hua...

About Us

Frontal Report is an emerging leader in all forms of media. We aim to be the leading news brand for readers around the world.

Contact us: sales[at]frontalreport.com

Subscribe Now!