Global Natural Language Processing (NLP) Market Size, Forecasts, And Opportunities – Including Natural Language Processing (NLP) Market Share And Trends
Learn about the global natural language processing (NLP) market through The Business Research Company, which provides information on NLP market size, NLP market drivers and restraints, NLP market players, the COVID-19 impact on the NLP market, and more.
The global natural language processing market size is expected to grow from $15.14 billion in 2021 to $19.45 billion in 2022 at a compound annual growth rate (CAGR) of 28.4%. The global NLP market size is expected to grow to $52.62 billion in 2026 at a CAGR of 28.3%.
The increasing usage of smart devices is driving the growth of the NLP market.
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The NLP market consists of sales of NLP by entities (organizations, sole traders, and partnerships) that enable computers to understand and analyze human language. NLP helps the computer using artificial intelligence to take real-world input and make sense of it in a way a computer can understand. The computers collect information through microphones and programs.
Global NLP Market Segments Include:
By Processing Type: Text, Speech or Voice, Image
By Deployment: On-Premise, Cloud
By Component: Statistical, Hybrid
By Application: Automatic Summarization, Sentiment Analysis, Risk and Threat Detection
By End-User Industry: Education, BFSI, Healthcare, IT and Telecom, Retail, Manufacturing, Media and Entertainment, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the NLP market in 2021.
Technology advancements have emerged as a key trend gaining popularity in the NLP market. Major companies operating in the market are upgrading and launching technologically advanced NLP software for market growth.
TBRC’s NLP Market Report Covers:
Major Market Players: 3M Company, Apple Inc, FUJIFILM Holdings Corporation, Google LLC, Intel Corporation, International Business Machines Corporation, Meta Platforms Inc, Microsoft Corporation, NetBase Quid Inc, Nokia Corporation, SAS Institute Inc, Gnani Innovations Private Limited, Mihup Communications Private Limited, and Observe.AI.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Natural Language Processing (NLP) Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides natural language processing (NLP) market overviews, analyzes and forecasts market size, share, NLP market players, NLP market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s NLP market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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