Inbenta Technologies Inc. announced the launch of an application called Inbenta Dictionary Builder that allows its user to optimize, manage and customize the dictionary used by natural language processing or NLP linguistic engine in the Inbenta fence.
IBM announced the launch of Watson API Kit for IBM Cloud Private for Data Add-on, which provides users the capability to use Watson APIs, such as Watson Speech to Text, Watson Text to Speech, Watson NLU and Watson Knowledge Studio on any cloud or on premise environment.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 2344
Published Date: Dec 21, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The growing demand in retail sector and growing demand in end user sector are some of the major factors anticipated to drive the growth of the text analytics based cloud NLP market.
The market is anticipated to attain a CAGR of ~25% over the forecast period, i.e., 2024-2036.
The major players in the market are of Amazon Web Services, Inc., Lexalytics, Inc., Aylien Ltd., Softweb Solutions Inc., Google LLC, Linguamatics, and others.
The hybrid segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in North America is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.