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Japan Natural Language Processing (NLP) Market Segmentation by Component (Hardware, Solutions, and Services); by Deployment (On-Premise, and Cloud); by Enterprise Size {Small & Medium-Sized Enterprises (SMEs), and Large Enterprises}; by Type (Rule-Based, Statistical, and Hybrid); by Language (English, Japanese, and Other Languages); by Application; and by End-Use Industry – Demand Analysis & Opportunity Outlook 2020-2030

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Extensive insights into the Growth of Natural Language Processing Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • July 5th, 2021: WOW WORLD announced that it has released the WEBCAS formulator Ver6.0, which is the new version of questionnaire or form creation system. The updated version includes UI/UX improvement of management screen, number panel display when entering a phone number, and narrowed down display of answer data among others.

  • February 9th, 2018: Data Artist Inc. announced that the company’s shares has been acquired by one of the largest advertising companies, Dentsu Inc. Post-acquisition, the former company would now be a subsidiary of Dentsu.

Japan Natural Language Processing (NLP) Market Highlights Over 2020 - 2030

The Japan natural language processing (NLP) market is estimated to garner a revenue of USD 4739.4 Million by the end of 2030 by growing at a CAGR of 25.5% over the forecast period, i.e., 2021 – 2030. Moreover, in the year 2020, the market in the nation registered a revenue of USD 509.4 Million. The growth of the market can primarily be attributed to the increasing advancements in deep learning architecture and algorithms in the field of image recognition and speech processing, along with the growing applications of natural language processing (NLP) across different end-use industries. Besides this, the demand for NLP is also anticipated to grow on account of the high affordability, scalability and computational power of the technology, which thereby allows businesses to optimize their operational expenditure and gain higher efficiency from their work processes. Also, rising digitization, followed by the merger of natural language processing with machine learning (ML) and deep learning (DL), are also anticipated to drive the market growth in the coming years.

Japan Natural Language Processing (NLP) Market GraphThe Japan natural language processing (NLP) market is also anticipated to grow on account of the rising utilization of NLP in healthcare, surge in demand for advanced text analytics, along with the rising focus of the government of the nation for the greater use of artificial intelligence. For instance, on July 28th, 2017, Japan distributed the “Draft AI R&D GUIDELINES for International Discussion”, a document which aims at upbringing the enormous advantages of AI to the general public and for the development of the nation’s GDP. Apart from this, the growing use of artificial intelligence in the nation to support the vision of Society 5.0, where physical space and cyberspace are increasingly interconnected, followed by the rise in the number of individuals using the internet, are also expected to drive the market growth in the coming years. According to the statistics by the World Bank, individuals using the internet as a share of the total population of Japan, increased from 29.991% in the year 2000 to 92.73% in the year 2019. CLICK TO DOWNLOAD SAMPLE REPORT

Individuals Using the Internet Graph

Growth Drivers and Challenges Impacting the Growth of the Japan Natural Language Processing (NLP) Market

Growth Drivers

  • Increasing Demand for NLP in Various End-Use Industries
  • Growing Initiatives of the Government of Japan to Promote the Use of AI

Challenges

  • Lack of Skilled Employees to Tackle the Complexities Associated with AI and NLP

Japan Natural Language Processing (NLP) Market Segmentation Synopsis

The Japan natural language processing (NLP) market is segmented by component into hardware, solutions, and services. Out of these, the services segment is anticipated to garner the largest revenue of USD 1921.6 Million by the end of 2030, up from a revenue of USD 210.9 Million in the year 2020. By deployment, the market is segmented into on-premise, and cloud. Out of these segments, the cloud segment is anticipated to grow with the highest CAGR of 27.0% during the forecast period. The market is further segmented by enterprise size into small & medium-sized enterprises (SMEs), and large enterprises, out of which, the large enterprises segment is anticipated to grow with the highest CAGR of 25.9% during the forecast period. By type, the market is segmented into rule-based, statistical, and hybrid. Out of these, the statistical segment is anticipated to garner the largest revenue of USD 2418.7 Million by the end of 2030, up from a revenue of USD 251.2 Million in the year 2020. The market is also segmented by language into English, Japanese, and other languages. Out of these segments, the Japanese segment registered the largest market revenue in the year 2020, and is further anticipated to touch USD 2897.6 Million by the end of 2030.

Japan Natural Language Processing (NLP) Market Revenue Image

By application, the market is segmented into sentiment analysis, data extraction, risk & threat detection, automatic summarization, content management, language scoring, and others. Amongst these, the data extraction segment is anticipated to attain the largest revenue of USD 1246.1 Million by the end of 2030, up from a revenue of USD 125.5 Million in the year 2020. By end-use industry, the market is segmented into education, BFSI, healthcare, IT & telecom, retail, manufacturing, media & entertainment, and others. Out of these, the BFSI segment is anticipated to generate the largest revenue of USD 1895.1 Million by the end of 2030, up from a revenue of USD 188.9 Million in the year 2020.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the Japan natural language processing (NLP) market that are included in our report are Microsoft Corporation, Amazon.com, Inc., Alphabet Inc., IBM Corporation, Micro Focus International plc, SAS Institute Inc., Atilika, Inc., Data Artist Inc., WOW WORLD Inc., Nippon Telegraph and Telephone Corporation, and others.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
  • The report includes detailed company profiles of the major players dominating the market.
  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

FREQUENTLY ASKED QUESTIONS

Japan Natural Language Processing (NLP) Market TOC

  1. Market Definition and Research Methodology
    1. Market Definition and Segmentation
    2. Assumptions and Acronyms
    3. Research Objective
    4. Research Methodology
  2. Executive Summary
  3. Market Dynamics
    1. Drivers
    2. Challenges
    3. Opportunities
    4. Trends
  4. Analysis on NLP Models
  5. Major Startups in Japan with Funding in Natural Language Processing (NLP)
  6. Industry Risk Analysis
  7. Impact of COVID-19 on the Natural Language Processing (NLP) Market
  8. Pricing Analysis
  9. Competitive Positioning
  10. Competitive Landscape
    1. Microsoft Corporation
    2. Amazon.com, Inc.
    3. Alphabet Inc.
    4. IBM Corporation
    5. Micro Focus International plc
    6. SAS Institute Inc.
    7. Atilika, Inc.
    8. Data Artist Inc.
    9. WOW WORLD Inc.
    10. Nippon Telegraph and Telephone Corporation
  11. Japan Natural Language Processing (NLP) Market
    1. Market Overview – Market Size (2020-2030)
    2. Market Segmentation by:
      1. Component
        1. Hardware, 2020-2030F (in USD Million)
        2. Solution, 2020-2030F (in USD Million)
          1. Platform, 2020-2030F (in USD Million)
          2. Software Tools, 2020-2030F (in USD Million)
        3. Services, 2020-2030F (in USD Million)
          1. Professional Services, 2020-2030F (in USD Million)
          2. Managed Services, 2020-2030F (in USD Million)
      2. Deployment
        1. On-Premise, 2020-2030F (in USD Million)
        2. Cloud, 2020-2030F (in USD Million)
      3. Enterprise Size
        1. Small and Medium-Sized Enterprises (SMEs), 2020-2030F (in USD Million)
        2. Large Enterprises, 2020-2030F (in USD Million)
      4. Type
        1. Rule-Based, 2020-2030F (in USD Million)
        2. Statistical, 2020-2030F (in USD Million)
        3. Hybrid, 2020-2030F (in USD Million)
      5. Language
        1. English, 2020-2030F (in USD Million)
        2. Japanese, 2020-2030F (in USD Million)
        3. Other Languages, 2020-2030F (in USD Million)
      6. Application
        1. Sentiment Analysis, 2020-2030F (in USD Million)
        2. Data Extraction, 2020-2030F (in USD Million)
        3. Risk and Threat Detection, 2020-2030F (in USD Million)
        4. Automatic Summarization, 2020-2030F (in USD Million)
        5. Content Management, 2020-2030F (in USD Million)
        6. Language Scoring, 2020-2030F (in USD Million)
        7. Others, 2020-2030F (in USD Million)
      7. Industry Vertical
        1. Education, 2020-2030F (in USD Million)
        2. BFSI, 2020-2030F (in USD Million)
        3. Healthcare, 2020-2030F (in USD Million)
        4. IT and Telecom, 2020-2030F (in USD Million)
        5. Retail, 2020-2030F (in USD Million)
        6. Manufacturing, 2020-2030F (in USD Million)
        7. Media and Entertainment, 2020-2030F (in USD Million)
        8. Others, 2020-2030F (in USD Million)

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