Christy Publications Natural Language Processing Market

Natural Language Processing Market Value Projected to
Expand by 2018-2026
Natural Language Processing Market study provides key insights about
market drivers, restraints, opportunities, new product launches or
approval, regional outlook, and competitive strategies adopted by the
leading players.
Natural language processing is a branch of artificial intelligence, which is developed to make
machine understand words or statements written and spoken in human language. Increasing
adoption of natural language processing by various organization helps reduce customer effort,
improve organizations analytical capabilities, and enable advanced automation. Virtual
assistants enable customers to communicate with organizations through an online chat box in
vernacular language and helps customer experience. In addition to this, NPL helps organization
to increase their analytical capabilities. For example: with the help of NLP marketers can monitor
and extract analysis from social media platform. Increasing demand for text analytics in various
organization, rising demand for machine learning process, increasing social media monitoring
are some of the key driving factors leading to growth of the natural language processing market.
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Rising demand for advance text analytics is expected to positively aid in growth of the market
for natural language processing