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Global Language Processing Market 2017-2021

Global Language Processing Market 2017-2021

About Language Processing

Language processing involves the automation of reading text with the use of sophisticated algorithms. Language processing engines identify words and grammar to derive meaning from large amounts of text. In addition, it combines artificial intelligence with computational linguistics to process and understand the natural language received by the computer.

Technavio’s analysts forecast the global language processing market to grow at a CAGR of 13.33% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global language processing market for 2017-2021. To calculate the market size, the report considers the sale of language processing solutions that include linguistic and statistical algorithms.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • MEA
  • North America
  • South America
Technavio's report, Global Language Processing Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Hewlett Packard Enterprise (HPE)
  • IBM
  • Microsoft
  • SAS Institute
  • Verint Systems
Other prominent vendors
  • 3M
  • Apple
  • AYLIEN
  • Basis Technology
  • Cerner Systems
  • Dolbey Systems
  • Envion Software
  • Google
  • Intel
  • Linguamatics
  • MModal IP
  • NetBase Solutions
  • Nuance Communication
  • Oracle
  • Sensory
Market driver
  • Increased investments in speech solutions
  • For a full, detailed list, view our report
Market challenge
  • High investment for developing and implementing the software
  • For a full, detailed list, view our report
Market trend
  • Increased use of IP-based IVRs
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Language Processing Market 2017-2021

Technavio recognizes the following companies as the key players in the global language processing market: Hewlett Packard Enterprise (HPE), IBM, Microsoft, SAS Institute, and Verint Systems.

Other Prominent Vendors in the market are: 3M, Apple, AYLIEN, Basis Technology, Cerner Systems, Dolbey Systems, Envion Software, Google, Intel, Linguamatics, MModal IP, NetBase Solutions, Nuance Communication, Oracle, and Sensory.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increased use of IP-based IVRs. One of the emerging trends in the market is the increased use of IP-based IVR's. IP-based IVR is used to provide automated services for calling card customers that are trying to place VoIP calls.”

According to the report, one driver in the market is increased investments in speech solutions. There is increased investment in speech solutions because of the cost factor. Speech solutions help businesses to reduce operating costs and enable organizations to expand services without additional overhead costs. This is seen as an advantage in terms of cost factor. Speech solutions identify words spoken by an individual, convert them into a machine-readable format, and respond automatically.

Further, the report states that one challenge in the market is high investment for developing and implementing the software. One of the challenges that is inhibiting the growth of the technology is the high investment associated with its development and implementation. Large-scale deployment of language processing in an enterprise is a time-consuming and expensive process, leading to failure in successful implementation and huge loss for the organization.



Companies Mentioned

Hewlett Packard Enterprise (HPE), IBM, Microsoft, SAS Institute, Verint Systems, 3M, Apple, AYLIEN, Basis Technology, Cerner Systems, Dolbey Systems, Envion Software, Google, Intel, Linguamatics, MModal IP, NetBase Solutions, Nuance Communication, Oracle, and Sensory.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
  • Economic overview
    • Global economic overview and its impact on the market and vendors
  • Market landscape
    • Market overview
    • Market size and forecast
      • Table Global language processing market 2016-2021 ($ billions)
    • Market assumptions
      • Table Market assumptions
  • Market segmentation by technology
    • Global language processing market by technology
      • Table Global language processing market by technology 2016-2021(% share)
    • Global IVR systems market
      • Table Global IVR systems market 2016-2021 ($ billions)
    • Global pattern recognition market
      • Table Global pattern recognition market 2016-2021 ($ billions)
    • Global text analytics market
      • Table Global text analytics market 2016-2021 ($ billions)
    • Global OCR market
      • Table Global OCR market 2016-2021 ($ billions)
    • Global speech analytics market
      • Table Global speech analytics market 2016-2021 ($ billions)
  • Market segmentation by deployment model
    • Global language processing market by deployment model
      • Table Deployment models
      • Table Global language processing market by deployment 2016-2021 (% share)
    • Global on-premises language processing market
      • Table Global on-premises language processing market 2016-2021 ($ billions)
    • Global cloud-based language processing market
      • Table Global cloud-based language processing market 2016-2021 ($ billions)
      • Table Difference between on-premises and cloud-based language processing
  • Market segmentation by end-user
    • Global language processing market by end-user segmentation
      • Table Global language processing market by end-users 2016-2021 (% share)
      • Table Global language processing market by end-user 2016-2021 ($ billions)
  • Geographical segmentation
    • Global language processing market by geography
      • Table Global language processing market by geography 2016-2021 (% share)
      • Table Global language processing market by geography 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Increased use of IP-based IVRs
    • Evolution of social media sentiment analytics
    • Growing use of text analytics
  • Five forces analysis
    • Five forces analysis
      • Table Five forces analysis
  • Vendor landscape
    • Competitive scenario
    • Major-vendor offerings
      • Table Product offerings
    • Vendor matrix
      • Table Vendor matrix
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor profiles
    • Hewlett Packard Enterprise (HPE)
    • IBM
    • Microsoft
    • SAS Institute
    • Verint Systems
  • Mergers and acquisitions
    • M&A in the market
      • Table M&A in the global language processing market 2012-2017
  • Appendix
    • List of abbreviations
  • Explore Technavio

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