Natural Language Processing (NLP) in Healthcare Market 2020
Natural language processing or NLP is another dimension of language-based, IT, and AI about the communication between the computers and human languages, specifically about the way of developing the computers to make processing and analysis of the huge amount of genuine language data.
Identifying the market
The market of Natural Language Processing (NLP) in Healthcare is expected to boost significantly due to the huge availability of clinical data, application of linked devices, and modern-day needs of the customers, etc. The report provides extensive analysis of the status of Natural language processing (NLP) in healthcare. It presents the market scenario at an international level. In this context, the report divides the global market into zones like North America, South America, Asia Pacific, Middle-East, and Africa. It identifies the key markets being, US, UK, France, Russia, India, China, Japan, Korea, UAE, Brazil, Nigeria, Argentina, and South Africa. The entire report can be categorized in terms of manufacturer, market domains, product types, and applications.
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The report, at the same time providing a market forecast, predicts the growth rate. Here the market forecast and growth rate is predicted for up to five years from now. It means the growth rate until 2023 has been provided in the report. Here the year 2017 has been taken as the base year.
Identifying the top players
The key players or top manufacturers identified in the study are 3M, CERNER, IBM, Microsoft, Nuance Communications, Heath Fidelity, Linguamatics, Apixio, etc. In terms of product types, the market can be divided into rule-based NLP; statistics based NLP, and simply mixed NLP. The market can be segmented from application perspectives as well; in this context, it can be divided into healthcare segments, life science segments, and others.
At the same time presenting the present scenario and making a future forecast, the report also provides the scenario of the past for greater reference. One can understand the market scenario from 2013 to 2017 through the report. In short, the report provides a complete timeline of the market.
It can be useful for the business groups associated in various ways. Providing a complete overview of the market in the present, future, and past, it helps the investors in having clarity. The report also figures out the driving forces of the market or the factors that can have impacts. It also identifies the probable risks associated with the market. Ultimately, it can be valuable for investors when it comes to taking key business decisions. The statistical analysis can help understand the effect of different factors on the market.
Top news from the industry
According to the report by nextplatform.com, well-known tech-house NVIDIA widens the scope of communication regarding Natural Language Processing. As per NVIDIA, some recent proceeding in NLP can enhance the AI segment and its applications in a great way. Not just in AI, it can be significant in all other domains as well.
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