The global language processing market to grow at a CAGR of 13.33% during the period 2017-2021.
This 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 operating in this market.
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.
- Hewlett Packard Enterprise (HPE)
- SAS Institute
Other prominent vendors:
- Basis Technology
- Cerner Systems
- Dolbey Systems
- Envion Software
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Economic overview
Part 06: Market landscape
Part 07: Market segmentation by technology
Part 08: Market segmentation by deployment model
Part 09: Market segmentation by end-user
Part 10: Geographical segmentation
Part 11: Decision framework
Part 12: Drivers and challenges
Part 13: Market trends
Part 14: Five forces analysis
Part 15: Vendor landscape
Part 16: Key vendor profiles
Part 17: Mergers and acquisitions
For more information about this report visit https://www.researchandmarkets.com/research/zrv3tx/global_language