ReportsnReports (www.reportsnreports.com). This represents a compound annual growth rate (CAGR) of 21.1% from 2013 to 2018, according to the research group.
In the current scenario, web and e-commerce, healthcare, IT and telecommunication vertical continues to grow and are the largest contributor for NLP) software market. In terms of regional growth, North America is expected to be the biggest market in terms of revenue contribution. European and APAC region is expected to experience increased market traction, due to increasing adoption across various verticals and investment support in research projects from the regional government.
ReportsnReports says the major forces driving natural language processing market (NLP) are the growing demand for enhanced customer experience, increase in adoption of smartphone, leveraging big data and growth in machine to machine (M2M) technologies. What's...| Read more »