Natural Language Processing (NLP): Market Research Report

January 2015 | 200 pages | ID: N7A643F08F4EN
Global Industry Analysts, Inc

Abstracts

This report analyzes the worldwide markets for Natural Language Processing (NLP) in US$ Million. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Annual estimates and forecasts are provided for the period 2013 through 2020. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 60 companies including many key and niche players such as -

• 3M Company
• Apixio, Inc.
• Apple Inc.
• Cerner Corporation
• Dolbey Systems, Inc.

Contents

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations
Disclaimers
Data Interpretation & Reporting Level
Quantitative Techniques & Analytics
Product Definitions and Scope of Study

II. EXECUTIVE SUMMARY

1. INDUSTRY OVERVIEW

A Prelude
Increased Need to Process Unstructured Data: A Key Rationale Driving Adoption of NLP Technologies
NLP Emerges as Key Element in Content Categorization
Growing Uptake of Big Data Creates Parallel Opportunities for NLP
Demand for NLP Tools Set to Accelerate Amid Growing Importance of Social Media Monitoring
Potential Areas for NLP in Social Media Monitoring
Social Media Analytics
Sentiment Analysis
Growing Importance of Text Analytics Gives Impetus to Market Growth
Use Cases for Text Analytics by Sector: A Snapshot
NLP Identifies Potential Opportunities in Speech Analytics
NLP Assumes Critical Importance in Spam Mail Blocking
Outlook

2. MARKET DYNAMICS

Smartphones & Tablet PCs: High-Potential Frontiers for NLP

Table 1. Global Smartphone Market (2014 & 2020): Breakdown of Shipments in Million Units by Geographic Region (includes corresponding Graph/Chart)

Healthcare & Life Sciences Sectors: Major Consumers of NLP Technologies
Noteworthy Applications for NLP in Healthcare & Life Sciences Verticals: A Review
Cohort Identification
Decision Making & Follow-Up Recommendations
Healthcare Quality Research
Personalized Medicine
Text Summarization
Drug Development
BioSurveillance
NLP Seeks Bigger Role in Financial Services Sector
Insurance Agencies Aim to Leverage the Adeptness of NLP Platform
Legal Entities Prioritize NLP for Content Management
Increased Use of Speech Technology to Offer New Opportunities to NLP in the Automotive Sector

Table 2. Global Market for Passenger Cars (2014 & 2020): Annual Sales Figures in ‘000 Units by Region/Country (includes corresponding Graph/Chart)

Table 3. Global Market for Passenger Cars (2014 & 2020): Annual Production Figures in ‘000 Units by Region/Country (includes corresponding Graph/Chart)

3. MARKET TRENDS & GROWTH DRIVERS

NLP Makes Progress in IVR

Table 4. World Market for Interactive Voice Response (IVR) Systems (2014): Percentage Breakdown of Investments by Region/Country (includes corresponding Graph/Chart)

Optical Character Recognition Aims to Integrate NLP for Further Improvements
Image Recognition: The Novel Area for NLP
NLP Perceives Potential Use Case in Machine Translation
NLP in Knowledge Extraction Applications
Growth in M2M Communication Signifies the Role of NLP
NLP Identifies New Prospects in the Wearable Devices Vertical
Rule-based Method: The Conventional NLP Model
Statistical Method Gains Traction
Cloud-Based NLP Poised to Drive Market Expansion
On-Premises Vs. Cloud-based NLP: A Cost Comparison Analysis
Availability of Open Source Platforms Bodes Well for Market Growth

4. PRODUCT/TECHNOLOGY OVERVIEW

Introduction
Input & Output Mediums
Methods of NLP
Rule-based Method
Statistical Method
Hybrid Approach
Techniques Used in NLP
Tokenization
Sentence & Structure Identification
Stemming
Part-Of-Speech (POS) Tagging
Named Entity Recognition (NER)
Syntactic Parsing
Normalization
Semantics
Key Applications of NLP
Machine Translation
Sorting & Classification of Information
Knowledge Extraction
Question Answering
Recognition Technologies
Speech Recognition
Other Applications
Deployment Type
On-Premise
Cloud-based NLP
Services
End-Use Sectors

5. PRODUCT INTRODUCTIONS/LAUNCHES

Verint Systems Introduces Enhanced Verint Speech Analytics Platform
IBM Integrates New Capabilities into Watson Analytics
IBM Launches Watson Natural Language Classifier
Attensity Unveils Attensity Semantic Annotation with SDK
Glint Adds NLP to Comment Analytics Employee Engagement Platform
Interactions Establishes New Technology Labs for NLP
Digital Reasoning Introduces Beta Program for Synthesys Studio
Quelon Launches Novel QuACS Commenting System
Linguamatics Introduces I2E 4. 3 NLP Text Mining and Analytics Platform
Lingofly Introduces Knowledge Sharing Platform
Google Launches Google Now for Chrome Browser
IBM Launches Watson Analytics
LinguaSys Develops GlobalNLP API Portal
Medicalis Launches New NLP Feature for its Decision Support Platform
Text Analysis International Unveils NLP Cloud
Rosoka Software Launches New Rosoka 3.
Speaktoit Launches api. ai Natural Language Understanding API
Scribble Technologies Launches New ScribbleLive Social Discovery
Aylien Introduces Novel Text Analysis SDKs
Google Unveils Google Now for iOS
BrainDistrict Launches RaySupreme
PALS INTERNATIONAL Launches New NLP Tool for Automotive Industry

6. RECENT INDUSTRY ACTIVITY

NurseWise Licenses Telemedicine NLP from Health Navigator
Bloomfire Inks Partnership with IBM Watson to Improve Searchability
Linguastat Receives Patent for Natural Language AI Technology
AYLIEN Teams Up with Imagga
Nihilent Inks Partnership with Brightleaf Solutions
Idibon Collaborates with UNICEF to Offer NLP to Social Monitoring Systems in Africa
SyTrue Inks Multi-Year Agreement with XIFIN
Aylien Launches New NLP Add-On for Google Chrome
Openstream Joins Hands with LinguaSys
Intel Takes Over Ginger Software
Rosoka Software Expands NLP Product Line
WordLogic Inks Partnership with OFAI
Verint Systems Separates from Comverse Technologies
Yahoo Takes Over SkyPhrase
Intel Acquires Indisys

7. FOCUS ON SELECT GLOBAL PLAYERS

3M COMPANY (US)
Apixio, Inc. (US)
Apple Inc. (US)
Cerner Corporation (US)
Dolbey Systems, Inc. (US)
Google Inc. (US)
International Business Machines Corporation (IBM) (US)
Linguamatics (UK)
Microsoft Corporation (US)
NetBase Solutions, Inc. (US)
Nuance Communications, Inc. (US)
Optum, Inc. (US)
SAS Institute, Inc. (US)
Text Analysis International (US)
Verint Systems Inc. (US)

8. GLOBAL MARKET PERSPECTIVE

Table 5. World Recent Past, Current and Future Analysis for Natural Language Processing (NLP) by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Africa and Latin America Markets Independently Analyzed with Annual Revenues in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

Table 6. World 8-Year Perspective for Natural Language Processing (NLP) by Geographic Region - Percentage Breakdown of Revenues for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Africa and Latin America Markets for Years 2013, 2015, and 2020 (includes corresponding Graph/Chart)

III. MARKET

1. THE UNITED STATES

A. Market Analysis
Outlook
Market Senses High-Growth Opportunities in the Sprawling Healthcare & Life Sciences Sectors
ICD-10 Transition Set to Accelerate the Demand for NLP
US Enterprises Prioritize NLP in Social Media Monitoring
Growing Popularity of Big Data Analytics among US Enterprises Builds Momentum for NLP
Product Launches
Strategic Corporate Developments
Select Players
B. Market Analytics

Table 7. US Recent Past, Current and Future Analysis for Natural Language Processing (NLP) Market with Annual Revenues in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

2. CANADA

A. Market Analysis
Outlook
Product Launch
Corporate Development
B. Market Analytics

Table 8. Canadian Recent Past, Current and Future Analysis for Natural Language Processing (NLP) Market with Annual Revenues in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

3. JAPAN

A. Market Analysis
Outlook
Japanese Automakers’ Penchant for Speech Technology Bodes Well for NLP

Table 9. Japanese Passenger Cars Market (2014 & 2020): Annual Sales & Production Figures in ‘000 Units (includes corresponding Graph/Chart)

Product Launch
B. Market Analytics

Table 10. Japanese Recent Past, Current and Future Analysis for Natural Language Processing (NLP) Market with Annual Revenues in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

4. EUROPE

A. Market Analysis
Outlook
NLP Making a Move in the European Commercial Enterprise Sector
B. Market Analytics

Table 11. European Recent Past, Current and Future Analysis for Natural Language Processing (NLP) by Geographic Region - France, Germany, Italy, UK, Spain, Russia, and Rest of Europe Markets Independently Analyzed with Annual Revenues in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

Table 12. European 8-Year Perspective for Natural Language Processing (NLP) by Geographic Region - Percentage Breakdown of Revenues for France, Germany, Italy, UK, Spain, Russia, and Rest of Europe Markets for Years 2013, 2015, and 2020 (includes corresponding Graph/Chart)

4A. FRANCE

Market Analysis

Table 13. French Recent Past, Current and Future Analysis for Natural Language Processing (NLP) Market with Annual Revenues in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

4B. GERMANY

A. Market Analysis
Outlook
Cloud NLP Gains Traction
Product Launch
B. Market Analytics

Table 14. German Recent Past, Current and Future Analysis for Natural Language Processing (NLP) Market with Annual Revenues in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

4C. ITALY

Market Analysis

Table 15. Italian Recent Past, Current and Future Analysis for Natural Language Processing (NLP) Market with Annual Revenues in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

4D. THE UNITED KINGDOM

A. Market Analysis
Outlook
NLP Gains Traction in Content Categorization among UK Enterprises
Product Launch
Linguamatics – A Key Player
B. Market Analytics

Table 16. UK Recent Past, Current and Future Analysis for Natural Language Processing (NLP) Market with Annual Revenues in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

4E. SPAIN

A. Market Analysis
Outlook
Corporate Development
B. Market Analytics

Table 17. Spanish Recent Past, Current and Future Analysis for Natural Language Processing (NLP) Market with Annual Revenues in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

4F. RUSSIA

Market Analysis

Table 18. Russian Recent Past, Current and Future Analysis for Natural Language Processing (NLP) Market with Annual Revenues in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

4G. REST OF EUROPE

A. Market Analysis
Outlook
Product Launch
Corporate Development
B. Market Analytics

Table 19. Rest of Europe Recent Past, Current and Future Analysis for Natural Language Processing (NLP) Market with Annual Revenues in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

5. ASIA-PACIFIC

A. Market Analysis
Outlook
Asia-Pacific: The Rapidly Growing Regional Market
B. Market Analytics

Table 20. Asia-Pacific Recent Past, Current and Future Analysis for Natural Language Processing (NLP) by Geographic Region - China, India, and Rest of Asia-Pacific Markets Independently Analyzed with Annual Revenues in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

Table 21. Asia-Pacific 8-Year Perspective for Natural Language Processing (NLP) by Geographic Region - Percentage Breakdown of Revenues for China, India, and Rest of Asia-Pacific Markets for Years 2013, 2015, and 2020 (includes corresponding Graph/Chart)

5A. CHINA

A. Market Analysis
Outlook
Strong Demand for Smartphones & Tablet PCs Augurs Well for NLP
B. Market Analytics

Table 22. Chinese Recent Past, Current and Future Analysis for Natural Language Processing (NLP) Market with Annual Revenues in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

5B. INDIA

A. Market Analysis
Outlook
Corporate Development
B. Market Analytics

Table 23. Indian Recent Past, Current and Future Analysis for Natural Language Processing (NLP) Market with Annual Revenues in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

5C. REST OF ASIA-PACIFIC

A. Market Analysis
Outlook
Product Launch
B. Market Analytics

Table 24. Rest of Asia-Pacific Recent Past, Current and Future Analysis for Natural Language Processing (NLP) Market with Annual Revenues in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

6. MIDDLE EAST & AFRICA

A. Market Analysis
Outlook
Corporate Development
B. Market Analytics

Table 25. Middle East & Africa Recent Past, Current and Future Analysis for Natural Language Processing (NLP) Market with Annual Revenues in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

7. LATIN AMERICA

Market Analysis

Table 26. Latin American Recent Past, Current and Future Analysis for Natural Language Processing (NLP) by Geographic Region - Brazil, and Rest of Latin America Markets Independently Analyzed with Annual Revenues in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

Table 27. Latin American 8-Year Perspective for Natural Language Processing (NLP) by Geographic Region - Percentage Breakdown of Revenues for Brazil, and Rest of Latin America Markets for Years 2013, 2015, and 2020 (includes corresponding Graph/Chart)

7A. BRAZIL

Market Analysis

Table 28. Brazilian Recent Past, Current and Future Analysis for Natural Language Processing (NLP) Market with Annual Revenues in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

7B. REST OF LATIN AMERICA

Market Analysis

Table 29. Rest of Latin America Recent Past, Current and Future Analysis for Natural Language Processing (NLP) Market with Annual Revenues in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

IV. COMPETITIVE LANDSCAPE

Total Companies Profiled: 60 (including Divisions/Subsidiaries - 63)
The United States (47)
Canada (1)
Japan (1)
Europe (10)
  Germany (1)
  The United Kingdom (4)
  Italy (1)
  Rest of Europe (4)
Asia-Pacific (Excluding Japan) (2)
Middle East (2)