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

Delayed arraignment for suspect in Massachusetts police shooting

Sep 16, 2019

BOSTON (Reuters) - A Massachusetts man suspected of killing a police officer and a bystander with the officer's pistol will not be formally charged on Monday because he is still recovering from wounds sustained during a gunfight with police, officials said.Suspect Emanuel Lopes, 20, was arrested early Sunday after police in Weymouth, Massachusetts, received a report of a person driving erratically. When an officer arrived on the scene, the suspect attacked him with a rock, knocking him to the ground before stealing his gun, shooting the officer and then engaging in a gun battle with other police that left a...

Breitbart lobbying prompted U.S. envoy to raise Tommy Robinson case with British

Sep 16, 2019

(This July 16 story corrects first name of U.S. congressman in paragraph 12 to Paul not Louis)By Mark HosenballLONDON (Reuters) - A representative of U.S. President Donald Trump raised the case of jailed British anti-Muslim activist Tommy Robinson with Britain's ambassador to the United States following lobbying by the right-wing Breitbart.com website, according to a British government source and a pro-Robinson campaigner.Former U.S. Senator Sam Brownback, Trump's Ambassador for International Religious Freedom, told British envoy Sir Kim Darroch at a meeting in June that Breitbart "people" had contacted him about Robinson's imprisonment, the British government source said. Brownback told Darroch...

Boxer Mayweather, George Clooney lead world's highest paid entertainers

Sep 16, 2019

LOS ANGELES (Reuters) - American boxer Floyd Mayweather was named the world's highest-paid entertainer on Monday on a list that saw actor George Clooney take the No. 2 spot with the highest annual pay of his career. Reality star Kylie Jenner, 20, came in third on the annual Forbes Celebrity 100 list, largely thanks to her booming cosmetics line that Forbes said put her on track to become the youngest self-made billionaire in the United States.Forbes compiled its 2018 list estimating pre-tax earnings from June 2017-June 2018, before deducting fees for managers, based on data from Nielsen, touring trade publication...

Boxer Mayweather, George Clooney lead world's highest paid entertainers

Sep 16, 2019

LOS ANGELES (Reuters) - American boxer Floyd Mayweather was named the world's highest-paid entertainer on Monday on a list that saw actor George Clooney take the No. 2 spot with the highest annual pay of his career. Reality star Kylie Jenner, 20, came in third on the annual Forbes Celebrity 100 list, largely thanks to her booming cosmetics line that Forbes said put her on track to become the youngest self-made billionaire in the United States.Forbes compiled its 2018 list estimating pre-tax earnings from June 2017-June 2018, before deducting fees for managers, based on data from Nielsen, touring trade publication...

Tesla shares fall after CEO Musk abuses British caver

Sep 16, 2019

(Reuters) - Shares of Tesla Inc fell over 3.5 percent on Monday after Chief Executive Elon Musk directed abuse on Twitter at one of the British cavers involved in the rescue of 12 Thai children last week.A number of analysts and investors, requesting anonymity, told Reuters that Musk's comments were adding to their concerns that his public statements were distracting him from Tesla's main business of producing electric cars. The stock sell-off knocked almost $2 billion off the company's market value.Tesla shares were at $307.20 in after-hours trading on Monday from Friday's close of $318.87. James Anderson, a partner at...

About Us

In the busy city of New York, News On Express fills you in with all the breaking world news, in short, and brief news articles so that you can read them on-the-go.

Contact us: sales[at]newsonexpress.com

Subscribe Now!