Christy Publications Natural Language Processing Market | страница 2

Integration of natural language processing in text analytics has led to growth of advanced text
analytics solutions. Natural language processing helps convert human language to machine
language. This helps in analysis of the data and convert insights back to human language for
better understanding. Rising demand for text analytics in various organization for gaining better
market insights has accelerated demand for text analytic solutions. Companies across various
industries are actively focusing on keeping a track of market pulse and accordingly incline their
product and service offerings to capitalize on emerging trends for enhanced profitability.
Integration of text analytics enables companies to receive market insights about products and
its description, which helps to compete in the market and aids in increasing their market
presence and share.
Social media channel plays a key role for growth of the natural language processing market
Increasing competition in various verticals has led to demand for real-time market insights
related to customer demands and other factors. For gaining real-time market insights, it is
important for companies to analyze large volumes of unstructured data generated. Natural
language processing systems are required to convert the unstructured human language data
into machine language and also derive insights from human language with sentiments and
emotions. Social media is one of the major platforms, which provides large volume of
unstructured data to organizations. Facebook, Twitter, Google+, Pinterest, Instagram, LinkedIn,
YouTube etc. are some of the popular social media channels. For example: According to
coherent market insights, It is estimated that in every 60 seconds, near about 27,000 videos are
streamed on YouTube, around 3 million posts are shared on Facebook, around 430,000 tweets
are posted on Twitter, and around 120 new users get registered on LinkedIn. Moreover, the
increasing tools for social media analytics also accelerates the demand for NLP. For example:
NetBase solution uses natural language processing to analyze social media and other web
content.
Browse more about the research report @
https://www.coherentmarketinsights.com/ongoing-insight/natural-language-processing-market-1090
Key Companies: Global Natural Language Processing Market
Apple Incorporation, Dolbey Systems, Google LLC, Hewlett-Packard Enterprise Company,
International Business Machine Corporation, Microsoft Corporation, Netbase Solutions, SAS
Instituite, Inc., Verint System are some of the major companies in the global natural language
processing market.