Text-based NLP - Japan | Statista Market Forecast

The market size in the Text-based NLP market is projected to reach US$364.30m in 2024.
The market size is expected to show an annual growth rate (CAGR 2024-2030) of 26.12%, resulting in a market volume of US$1.47bn by 2030.
In global comparison, the largest market size will be United States (US$2.19bn in 2024).

Definition:
The Text-Based Natural Language Processing (NLP) market covers tools that process and analyze human language in text form that include text classification, sentiment analysis, and language translation tools. The Text-based Natural Language Processing (NLP) market has relevance for the e-commerce, healthcare, and finance industries in the areas of customer service, content analysis, and fraud detection.

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 IBM.

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Text classification applications capable of sorting news articles into sports, politics, and/or business categories
Sentiment analysis tools for social media posts and product reviews.

Speech recognition tools (e.g., transcriptions of phone conversations, speeches
Image recognition tools (e.g,. identification of faces in photographs)
Audio or music processing tools (e.g., identification of songs/artists from audio clips).

The Natural Language Processing market in Japan is experiencing mild growth due to factors such as increasing adoption of AI technologies, growing awareness of NLP in healthcare, and the convenience of online NLP services. This trend is expected to continue, driven by the country's advanced technology and government initiatives promoting digital transformation in the healthcare sector.

Customer preferences: Consumers in Japan are increasingly adopting chatbot-based language learning solutions, as they provide personalized and interactive language learning experiences. This trend is driven by the growing demand for efficient and convenient ways to learn new languages, especially among working professionals and students. Additionally, the incorporation of cultural and societal nuances in these solutions enhances user engagement and improves language proficiency. This shift towards digital language learning solutions is also influenced by the rise of remote work and virtual communication, highlighting the importance of effective communication skills in a globalized world.

Trends in the market: In Japan, the Text-based NLP Market of the Natural Language Processing Market within the Artificial Intelligence Market is experiencing a surge in demand for chatbots and virtual assistants. This is driven by the country's aging population and the need for efficient and cost-effective customer service solutions. Additionally, there is a growing trend of using AI-powered language translation tools to overcome language barriers in international business transactions. These advancements not only improve productivity and communication, but also have the potential to revolutionize customer service and global business operations.

Local special circumstances: In Japan, the Text-based NLP market is gaining traction due to the country's high adoption of advanced technologies and its homogenous population, which makes it easier to develop language processing models. Additionally, the cultural emphasis on politeness and indirect communication has led to the development of specialized NLP algorithms that can accurately interpret the nuances of Japanese language. Furthermore, the country's strict regulatory framework for data privacy has created a competitive advantage for Japanese NLP companies as they prioritize ethical practices in their solutions.

Underlying macroeconomic factors: The Text-based NLP Market of the Natural Language Processing Market within the Artificial Intelligence Market in Japan is strongly influenced by macroeconomic factors such as technological advancements, government support, and investment in AI infrastructure. Japan has a strong economy and is known for its technological innovation, making it an ideal environment for growth in the NLP market. Additionally, the Japanese government has been actively promoting AI initiatives and investing in research and development, further driving the market. The country's aging population and high demand for advanced healthcare solutions also contribute to the growth of the NLP market, as AI-powered NLP systems can improve healthcare outcomes and accessibility. Overall, Japan's favorable macroeconomic conditions make it a promising market for the Text-based NLP Market within the Artificial Intelligence Market.

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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Artificial intelligence evokes images of supercomputer assistants, machines that can think creatively, and, to some, scenes from their favorite sci-fi movie. The reality, despite not being as futuristic, is not far off from this. AI refers to the ability of a computer or machine to mimic the competencies of the human mind, which often learns from previous experiences to understand and respond to language, decisions, and problems. The market for AI technologies is vast, amounting to around 200 billion U.S. dollars in 2023 and is expected to grow well beyond that to over 1.8 trillion U.S. dollars by 2030.

Artificial intelligence (AI), the technology that allows digital computers or computer-controlled robots to perform tasks more commonly associated with intelligent beings, has been leaping into the limelight following the release of a wide variety of Generative AI models in 2023. The United States, being the largest economy in the world, has a natural advantage. Although human-like androids such as those portrayed in the science fiction movie Blade Runner are still far from reality, applications of AI such as smartphone virtual assistants and industrial robots are already widespread in U.S. society. The industry’s powerful ability to improve efficiency and increase productivity has made it of strategic importance to U.S. industries and government, both of which push the U.S. lead in the AI race.

Text-based NLP - Japan

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