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Wed Oct 16, 2013 6:08am EDT — Research and Markets has announced the addition of the “Natural Language Processing (NLP) Market – Worldwide Market Forecast & Analysis (2013-2018)” report to their offering.

Natural language is easier for humans to learn and exercise but difficult for computers to comprehend. Machines have proven their potential in computationally intensive tasks. However, they still fall short to master the basics of spoken and written languages. Natural language processing is a human to computer interaction, which analyses and understands both spoken and written forms of human languages. It helps computers in formulating basic and advanced levels of interaction with humans.

This form of communications assists the computer to perform various other additional tasks. Such application include the processing of large amounts of data by utilizing natural language processing for information retrieval, information extraction, automatic summarization, machine translation and dialogue systems. The prominent market players using this technology for various applications include IBM, SAS, Nuance Communications, Microsoft, 3M, M*Modal, Fuji Xerox and NetBase.

This report provides a comprehensive analysis of the major market drivers, restraints, opportunities, challenges and addresses the key issues in the natural language processing market. The report also analyzes global adoption trends and future potential areas of adoption across the different technologies.

For more information visit http://www.researchandmarkets.com/research/3tl4zb/natural_language

Full Release: Reuters

Image: Courtesy Research and Markets