Definition:
Natural language processing (NLP) is a branch of artificial intelligence that focuses on the interaction between human language and computers. Natural language processing tools analyze, understand, and generate written, oral, and visual formats of human language. The Natural Language Processing (NLP) market has relevance for the healthcare, finance, and e-commerce industries in the areas of sentiment analysis, chatbots, and language translation.
Structure:
The Natural Language Processing (NLP) market has three markets. The Text-Based NLP market covers applications that analyze written forms of language. The Speech-Based NLP market covers applications that interpret and understand spoken language. The Language Translation NLP market covers applications that convey the content and meaning of a text from one language into another language.
Additional Information:
The market comprises two key performance indicators: market sizes, and market sizes by industry. Market sizes are generated by the funding amount of Computer Vision companies. Key players of the market include companies such as Amazon Web Services (AWS), Microsoft Azure Cognitive Services, and Google.
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Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.
Most recent update: Mar 2024
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Mar 2024
Source: Statista Market Insights
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Mar 2024
Source: Statista Market Insights
The Artificial Intelligence market in Japan is witnessing significant growth, fueled by factors like increasing adoption of digital technologies, growing health consciousness among consumers, and the convenience of online health services. The market's average growth rate is impacted by various sub-markets like Text-based NLP, Speech-based NLP, and Language translation NLP, each with its unique set of influencing factors.
Customer preferences: Consumers in Japan are increasingly embracing artificial intelligence-powered virtual assistants and chatbots for customer service and support. This trend is driven by the country's aging population and a growing demand for convenient and efficient communication with businesses. Additionally, there is a rising preference for personalized and natural language interactions, leading to the adoption of advanced natural language processing technologies. This shift towards AI-based communication tools is also influenced by Japanese culture's emphasis on respect and politeness in interactions, making conversational AI a perfect fit for the market.
Trends in the market: In Japan, the Natural Language Processing market within the Artificial Intelligence Market is experiencing a surge in demand for voice recognition technology, with companies like Toyota and Rakuten incorporating it into their products. This trend is expected to continue, driven by the country's aging population and need for voice-based interfaces. Additionally, there is a growing focus on developing NLP solutions for Japanese language, which has unique linguistic challenges. This trend presents opportunities for industry stakeholders to tap into a growing market and cater to the specific needs of Japanese consumers.
Local special circumstances: In Japan, the Natural Language Processing market is influenced by the country's unique cultural and regulatory factors. Due to the prevalence of the Japanese language, NLP solutions must be tailored to the language's complex writing system. Additionally, the strict data privacy laws in Japan have led to the development of advanced security measures in NLP technologies. Furthermore, the country's aging population has created a demand for NLP solutions in healthcare for easier and more efficient communication between patients and healthcare providers.
Underlying macroeconomic factors: The Natural Language Processing Market within the Artificial Intelligence Market in Japan is strongly influenced by macroeconomic factors such as technological advancements, government support for AI research and development, and investment in digital infrastructure. With Japan being one of the leading countries in AI research and development, the market is experiencing rapid growth. Moreover, the country's aging population and increasing demand for advanced healthcare solutions are also driving the adoption of natural language processing technologies in various industries, such as healthcare, finance, and retail. The government's focus on promoting digital transformation and creating a favorable regulatory environment for AI is further fueling market growth in Japan.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Mar 2024
Source: Statista Market Insights
Data coverage: The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the funding values from different industries for the market.
Modeling approach / Market size:Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market. As a basis for evaluating markets, we use annual financial reports, funding data, and third-party data. In addition, we use relevant key market indicators and data from country-specific associations such as GDP, number of internet users, number of secure internet servers, and internet penetration. This data helps us estimate the market size for each country individually.
Forecasts:In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited to forecast digital products and services due to the non-linear growth of technology adoption. The main drivers are the level of digitalization, the number of secure internet servers, and the revenue of the Public Cloud market.
Additional Notes: The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russian-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the market is updated on an ad-hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Data from the Statista Consumer Insights Global survey is weighted for representativeness.
Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights