Artificial Intelligence
Outlook on the Natural Language Processing Global Market to 2026 – Key Drivers and Challenges
Dublin, May 12, 2021 (GLOBE NEWSWIRE) — The “Global Natural Language Processing Market, By Component (Solutions, Services and Managed Services), By Deployment Mode (On-Premises and Cloud), By Type, By Application, By Vertical, By Region, Competition, Forecast & Opportunities, 2016-2026” report has been added to ResearchAndMarkets.com’s offering.
The Global Natural Language Processing Market was valued at $11.82 billion in 2020 and is projected to reach $53.08 billion by 2026. Rise in usage of voice assistants, availability of large volume of datasets and increased engagement on social media platforms are the primary factors for the growth of the Global Natural Language Processing Market in the coming years.
The Global Natural Language Processing Market is segmented into component, deployment mode, type, application, vertical, and region. Based on component, the market is segmented into solutions, services, and managed services. The Solutions segment captured 37.70% share of the global market in the year 2020. However, service segment is expected to grow at highest CAGR through 2026 due to widespread adoption of AI techniques by organizations across the globe.
Based on deployment mode, the market is sub-segmented into on-premises and cloud. The on-premises segment held a market share of 52.13% in 2020. However, the cloud segment is expected to grow at a significant pace during the forecast period due to widespread adoption of cloud-based storage platforms across the industries which are require less equipment support, and offer greater security from malignant ransomware assaults.
Based on type, the market is sub-segmented into statistical, hybrid and rule based. The statistical segment held a share of 40.79% in the market in 2020 because they utilize machine learning for creating models and deriving insights from a labeled text. However, the hybrid segment is expected to grow at higher CAGR during the forecast period due to its widespread adoption across the industries as it combines the best of rule-based and statistical approaches with natural language processing, machine learning, and human input. It provides increased transparency into the framework to guarantee a decent customer experience and the capacity to track against business objectives. The hybrid approach likewise offers increased adaptability, the ability to iterate, and speed, bringing about diminished strain on assets.
Based on applications the market is segmented into automatic text summarization, semantic analysis, text extraction, sentiment analysis, speech recognition, machine translation and others including risk and threat detection, language scoring, etc. Sentiment analysis segment is expected to grow at a higher pace in the upcoming years due to the increasing need for providing better customer service, monitoring the social media posts, and analyzing the sentiments from a large volume of data.
Based on vertical, the market is sub segmented into IT and telecom, retail and e-commerce, healthcare and life sciences, government and public sector, BFSI and others including transportation and logistics, automotive, manufacturing, etc. The IT and telecom segment held a share of 20.57% in 2020, however healthcare and life sciences segment is expected to grow at a higher rate in the forecast period due to widespread adoption of NLP which helps in predictive analysis, maintaining a database of the patients and their underlying health conditions, and also monitoring the customer feedback in order to provide better services.
Regionally, the Natural Language Processing market has been segmented into Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Among these regions, North America dominated the market in 2020, with a share of 26.62%, however Asia Pacific region is expected to grow at a higher pace in future due to increased investments and adoption of AI based techniques across the industries.
The major players operating in the Global Natural Language Processing Market are Google LLC, Microsoft Corporation, Amazon.com, Inc., IBM Corporation, Veritone Inc., 3M Company, Apple Inc, Dolbey Systems, Inc., Intel Corporation, Baidu Inc. These companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers and acquisitions and new service developments.
Years considered for this report:
- Historical Years: 2016-2019
- Base Year: 2020
- Estimated Year: 2021
- Forecast Period: 2022-2026
Objective of the Study:
- To analyze the historical growth in the market size of the Global Natural Language Processing Market from 2016 to 2020.
- To estimate and forecast the market size of the Global Natural Language Processing Market from 2021 to 2026 and growth rate until 2026.
- To classify and forecast the Global Natural Language Processing Market based on component, deployment mode, type, application, vertical, company and regional distribution.
- To identify dominant region or segment in t the Global Natural Language Processing Market.
- To identify drivers and challenges for the Global Natural Language Processing Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Natural Language Processing Market.
- To identify and analyze the profiles of leading players operating in the Global Natural Language Processing Market.
- To identify key sustainable strategies adopted by market players in the Global Natural Language Processing Market.
The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of providers across the globe. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the providers which could not be identified due to the limitations of secondary research. The publisher analyzed the providers, distribution channels and presence of all major players across the globe.
The publisher calculated the market size of the Global Natural Language Processing Market by using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated them through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.
Key Target Audience:
- Natural Language Processing service providers.
- Market research and consulting firms.
- Government bodies such as regulating authorities and policy makers.
- Organizations, forums, and alliances related to artificial intelligence (AI).
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as developers, service providers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on Global Natural Language Processing Market
4. Executive Summary
5. Voice of Customer
5.1. Brand Awareness
5.2. Factors Influencing Purchase Decisions
6. Global Natural Language Processing Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Component (Solutions, Services, Managed Services)
6.2.2. By Deployment Mode (On-Premises, Cloud)
6.2.3. By Type (Statistical, Hybrid and Rule Based)
6.2.4. By Application (Automatic Text Summarization, Semantic Analysis, Text Extraction, Sentiment Analysis, Speech Recognition, Machine Translation, Others)
6.2.5. By Vertical (IT And Telecom, Retail and E-Commerce, Healthcare and Life Sciences, Government and Public Sector, BFSI, Others)
6.2.6. By Company (2020)
6.2.7. By Region
6.3. Product Market Map
7. North America Natural Language Processing Market Outlook
7.1. Market Size & Forecast
7.2. Market Share & Forecast
7.3. North America: Country Analysis
8. Asia-Pacific Natural Language Processing Market Outlook
8.1. Market Size & Forecast
8.2. Market Share & Forecast
8.3. Asia-Pacific: Country Analysis
9. Europe Natural Language Processing Market Outlook
9.1. Market Size & Forecast
9.2. Market Share & Forecast
9.3. Europe: Country Analysis
10. South America Natural Language Processing Market Outlook
10.1. Market Size & Forecast
10.2. Market Share & Forecast
10.3. South America: Country Analysis
11. Middle East and Africa Natural Language Processing Market Outlook
11.1. Market Size & Forecast
11.2. Market Share & Forecast
11.3. MEA: Country Analysis
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
14. Competitive Landscape
14.1. Google LLC
14.2. Microsoft Corporation
14.3. Amazon.com, Inc.
14.4. IBM Corporation
14.5. Veritone Inc.
14.6. Apple Inc.
14.7. 3M Company
14.8. Baidu, Inc
14.9. Intel Corporation
14.10. Dolbey Systems, Inc.
15. Strategic Recommendations
16. About Us & Disclaimer
For more information about this report visit https://www.researchandmarkets.com/r/vfkoz4
Artificial Intelligence
Skai positioned as Leader in the 2024 SPARK Matrix for AdTech Platforms by Quadrant Knowledge Solutions
The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis & ranking of the leading advertising technology vendors.Skai, with its omnichannel advertising platform, receives strong ratings across the parameters of technology excellence and customer impact.MIDDLETON, Mass., May 2, 2024 /PRNewswire/ — Quadrant Knowledge Solutions announced today that it has named Skai as a 2024 technology Leader in the SPARK Matrix analysis of the global SPARK Matrix™ AdTech Platform 2024 Market.
Quadrant Knowledge Solutions’ AdTech Platform market research includes a detailed global market analysis, competitive landscape, and functional capabilities. It aims to provide strategic information for technology vendors to enhance their understanding of the market and support their growth strategies by evaluating different vendors’ capabilities, competitive differentiation, and market position.
According to Piyush Kumar, Analyst, Quadrant Knowledge Solutions, “Skai’s ad tech platform offers an integrated approach to omnichannel media orchestration. It combines campaign activation and management capabilities with advanced AI-driven insights to help marketers make smarter decisions. The platform is designed to provide marketers with a holistic view of their media across all advertising touchpoints, ensuring that marketers are not just reacting to data, but are proactively leveraging it to make choices that drive results. Skai’s industry-first capabilities empower marketers to maximize every channel they’re utilizing across every campaign lifecycle, while streamlining operational processes and deepening understanding of consumer behavior and campaign performance. This has positioned Skai as the leader in the SPARK Matrix: Ad Tech Platforms, 2024.”
Quote by Skai:
“As walled garden media evolves into a full-funnel, omnichannel approach underpinned by first-party data and AI, it is critical for brands, agencies, and retailers to work with an advertising technology platform that enables decisioning, activation, and optimization solutions across all top performance media channels,” said Gil Sadeh, Chief Growth Officer at Skai. “We are thrilled at the acknowledgment of our leading position in this space, and look forward to continuing to drive growth for our customers and partners.”
For more information about Skai visit here
About Skai
Skai is an omnichannel advertising platform, uniquely enabling brands and agencies to run data-driven programs across walled garden media. It empowers both media leaders and activation teams to drive impactful results from their advertising program with AI-powered decisioning, activation, and optimization solutions. Its partners include Google, Amazon Ads, Microsoft, Walmart Connect, Apple Search Ads, Instacart, Criteo, TikTok, Snap, Pinterest, Meta, and more.
For over a decade, Skai has earned the trust of notable brands such as HP, Doordash, Sony, Philips, and L’Oreal. Renowned for innovation and a values-driven culture, Skai is headquartered in San Francisco and Tel Aviv with eight international locations.
Media Contacts:Media Contact- [email protected]
About Quadrant Knowledge Solutions
Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients in achieving business transformation goals with Strategic Business and Growth advisory services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client’s business as a strategic knowledge partner. Our research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments.
For more available research, please visit https://quadrant-solutions.com/market-research/
Contact:Ajinkya IngleQuadrant Knowledge SolutionsRegus Business Center35 Village Road, Suite 100,Middleton Massachusetts 01949United StatesEmail: [email protected] Phone: (+1) 978-344-2770Content Source: https://quadrant-solutions.com/press-release/skai-positioned-as-leader-in-the-2024-spark-matrix-for-adtech-platforms-by-quadrant-knowledge-solutions-577Connect with us on LinkedIn- https://www.linkedin.com/company/quadrant-knowledge-solutions/
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The Industry-Leading Motion Platform Company will Present Cutting-Edge Products Like the Award-Winning Dart-Suite Robot Ecosystem and an AI-Powered Bartending Cobot “Mixmaster Moodie”
CHICAGO, May 2, 2024 /PRNewswire/ — Doosan Robotics Inc., one of the world’s leading collaborative robot (cobot) manufacturers, is poised to transform the robotics landscape at Automate 2024, North America’s largest automation showcase, with the industry’s latest cobot advancements across various sectors. Doosan Robotics is exhibiting at Automate May 6-9 at McCormick Place booth #850 in Chicago, IL.
With a comprehensive range of cobots and cutting-edge software like Dart-Suite and AI technology, Doosan Robotics is dedicated to revolutionizing motion solutions tailored to human needs. From machine tending to palletizing, welding, and F&B services, the company offers a diverse array of ready-to-sell solutions catered to both domestic and global markets. That is why Doosan Robotics’ theme at this year’s Automate is “The Motion Platform Company.”
On May 6, Doosan Robotics will unveil its latest, never-before-seen industrial cobot which boasts the greatest capabilities of any machine in its category including a 30 kg payload.
Doosan Robotics booth will feature Dart-Suite, a 2024 RBR50* (Robotics Business Review) Innovation Award-winning advanced robot ecosystem designed to redefine the way customers utilize Doosan cobots. The scalable platform elevates cobot capabilities by providing unlimited programmable motions, while ensuring accessibility for all. Dart-Suite fosters a cohesive environment where every component synergizes, empowering users to create, market, download, and activate functions through diverse interfaces. This evolution propels robots from mere static tools to dynamic, flexible collaborators. The Dart-Suite platform has also been honored as a finalist of the 2024 Automate Innovation Awards in the category of Software.
“Our team at Doosan Robotics is honored to return to Automate 2024, the pinnacle event of automation in North America,” expressed William Ryu, CEO, Doosan Robotics. “We’re committed to transforming the robotics landscape and Automate holds immense strategic significance for us, offering a direct gateway to various industries. Our cobot line’s power will be on full display, alongside the customizable functionality and usage that differentiate our technology. We look forward to sharing our innovative solutions and continuing to drive the industry forward.”
While at Automate, drinks are on Doosan! The industry-leading, motion-platform company will showcase “Dr. Presso,” an unmanned modular café equipped with a top-of-the-line coffee machine, and “Mixmaster Moodie,” a bartending cobot powered by Microsoft’s OpenAI. “Mixmaster Moodie” is coupled with “Tetote,” Bridgestone’s soft robot hand powered by bendy rubber artificial muscle that employs a pioneering cocktail recommendation system to serve a cocktail based on visual and audio cues. Doosan will also present its Training Kit, a certified training equipment which allows users to practice and experience Doosan’s cobot training programs anytime, anywhere.
Doosan Robotics joined forces with prominent global companies, each celebrated for their expertise and dominant presence in the market, to pioneer AI cobot solutions for commercialization. These best-in-class partners in each solution include the Apex Motion Control’s Baker-Bot Quad, a first-of-its-kind modular cake decorating system which consists of individual robotic stations including top and side cake icing, decorative borders, top rosettes, and writing messages and drizzling.
Other partnerships include the Paltz De-palletizing System, a robotic depalletizing work cell with vision from BeRobox with CMES; Ellison Technologies’ AutoPilot Machine Tending Solution which is a load/unload system designed ideally for CNC Machine Tools for the manufacturing industry; the Cloos ArcBot, a Doosan M1013 cobot arm with integrated Cloos StarT welding pack; Hillside Automation’s CNCtender, a Complete Machine Tending solution with software interface on new generation controller; and MARI AARS System which simplifies the deployment, operation, and maintenance of robotic automation systems, marking a groundbreaking advancement in user-friendly AI software and plug-and-play hardware.
Doosan Robotics is driven by a vision to elevate everyday experiences and redefine labor workflows. Their exceptional range of AI cobots is poised to bring about a paradigm shift across various sectors, including manufacturing, logistics, food & beverage, architecture, and service industries. These cutting-edge solutions transcend the constraints of conventional robotics, adeptly maneuvering through intricate scenarios while infusing tasks with enhanced efficiency, safety, and ingenuity. Moreover, the AI system boasts continuous learning capabilities, effortlessly updating its model by autonomously downloading required modules for smooth integration.
Doosan Robotics’ exhibit is located at booth #850 at McCormick Place in Chicago, IL from May 6-9, 2024.
For more information on Doosan Robotics’ Automate 2024 presence, please contact [email protected].
*For more than a dozen years, the RBR50 Robotics Innovation Awards have recognized robots that promise to positively change how we work and live. WTWH Media’s robotics editors select the honorees on the basis of how they address technology and business challenges. The 2024 winners will be celebrated at the inaugural RBR50 Gala at the Robotics Summit & Expo.
ABOUT DOOSAN ROBOTICSDoosan Robotics is a global leader in collaborative robot solutions, embodying the principle of ‘Innovation in every motion, revolutionizing the way we work.’ Doosan robots, known for world-class safety and precision, enhance task efficiency across various sectors from manufacturing to service, enabling people to focus on more valuable work. More information about Doosan Robotics is available at https://www.doosanrobotics.com/en/.
Media ContactR&[email protected]
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Artificial Intelligence
AdTheorent named Leader in the 2024 SPARK Matrix for AdTech Platforms by Quadrant Knowledge Solutions
The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis & ranking of the leading AdTech platform vendors.AdTheorent, with its comprehensive machine learning-powered technology platform, receives strong ratings across the parameters of technology excellence and customer impact.MIDDLETON, Mass., May 2, 2024 /PRNewswire/ — Quadrant Knowledge Solutions announced today that it has named AdTheorent as a 2024 technology Leader in the SPARK Matrix analysis of the global AdTech Platform market.
Quadrant Knowledge Solutions’ AdTech Platform market research includes a detailed global market analysis, competitive landscape, and functional capabilities. It aims to provide strategic information for technology vendors to enhance their understanding of the market and support their growth strategies by evaluating different vendors’ capabilities, competitive differentiation, and market position.
According to Piyush Kumar, Analyst, Quadrant Knowledge Solutions, ‘The AdTheorent platform stands out in the AdTech Platform market due to its advanced machine learning and privacy-forward solutions including its predictive targeting, audience extension solutions, geo-intelligence, and Studio AT creative capability. The platform’s unique features including ID-independent targeting and cross-device mapping help organizations tackle the cookie depreciation challenges, engaging customers across multiple devices, and supporting industry-specific use cases. AdTheorent with its strong partner ecosystem, product strategy & performance, vision, and roadmap has been recognized and is positioned as an emerging leader in SPARK Matrix: AdTech Platform, 2024.’
Quote by AdTheorent:
‘AdTheorent is an ID-independent platform that uses advanced machine learning technology to predict the value of ad impression opportunities based on advertiser goals. Our unique capabilities have never been more relevant as the digital advertising industry evolves beyond ID-based targeting. AdTheorent’s 12-year investment in machine-learning innovation positions us and our advertising partners for success in the post-cookie world,” said Jim Lawson, CEO of AdTheorent. “We are honored to be recognized as a leader in the 2024 Spark Matrix for AdTech Platforms by Quadrant Knowledge Solutions.’
Additional Resources:
For more information about AdTheorent visit here. Complimentary Download – SPARK Matrix™: AdTech PlatformAbout AdTheorent
AdTheorent (Nasdaq: ADTH) uses advanced machine learning technology and privacy-forward solutions to deliver impactful advertising campaigns for marketers. AdTheorent’s machine learning-powered media buying platform powers its predictive targeting, predictive audiences, geo-intelligence, audience extension solutions and in-house creative capability, Studio AT. Leveraging only non-sensitive data and focused on the predictive value of machine learning models, AdTheorent’s product suite and flexible transaction models allow advertisers to identify the most qualified potential consumers coupled with the optimal creative experience to deliver superior results, measured by each advertiser’s real-world business goals.
AdTheorent is consistently recognized with numerous technology, product, growth, and workplace awards. AdTheorent was named ‘Best Buy-Side Programmatic Platform” in the 2023 Digiday Technology Awards and was honored with an AI Breakthrough Award and “Most Innovative Product” (B.I.G. Innovation Awards) for five consecutive years. Additionally, AdTheorent is the only seven-time recipient of Frost & Sullivan’s “Digital Advertising Leadership Award.’ AdTheorent is headquartered in New York, with fourteen locations across the United States and Canada. For more information, visit adtheorent.com.
Media Contacts:
Melanie Berger, [email protected]
About Quadrant Knowledge Solutions
Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients in achieving business transformation goals with Strategic Business and Growth advisory services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client’s business as a strategic knowledge partner. Our research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments.
For more available research, please visit https://quadrant-solutions.com/market-research/
Media Contacts:Quadrant Knowledge SolutionsAjinkya IngleQuadrant Knowledge SolutionsRegus Business Center35 Village Road, Suite 100,Middleton Massachusetts 01949United StatesEmail: [email protected] Phone: (+1) 978-344-2770Content Source: https://quadrant-solutions.com/press-release/adtheorent-named-leader-in-the-2024-spark-matrix-for-adtech-platforms-by-quadrant-knowledge-solutions-576Connect with us on LinkedIn- https://www.linkedin.com/company/quadrant-knowledge-solutions/
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