7
views
views
According to Straits Research, the global NLP market was valued at USD 10.7 billion in 2022 and is expected to reach USD 43.9 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 20.3% during the forecast period.
Natural Language Processing Market Analysis, Size, Share, Growth, Trends, and Opportunities
Natural Language Processing Market Size
The Natural Language Processing (NLP) market is a rapidly growing segment of the artificial intelligence (AI) industry. NLP enables computers to understand, interpret, and generate human language, facilitating efficient human-computer interaction. According to Straits Research, the global NLP market was valued at USD 10.7 billion in 2022 and is expected to reach USD 43.9 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 20.3% during the forecast period.
Get a Sample PDF/Excel of report starting from USD 995 : https://straitsresearch.com/report/natural-language-processing-market/request-sample
Top Players of Natural Language Processing Market
The NLP market is dominated by several key players, including:
-
NVIDIA Corporation
-
Intel Corporation
-
Baidu Inc.
-
Qualcomm Incorporated
-
Texas Instrument
-
Google Inc.
-
Microsoft Corporation
-
Micro Focus International PLC (HPE)
-
SAS Institute Inc.
-
IBM Corporation
-
NetBase Solutions Inc.
-
Verint System Inc.
-
Genpact Limited
-
Adobe Inc.
Geographic Overview
The NLP market is segmented into four main regions:
-
North America: The United States and Canada are the dominant countries in this region, with a high adoption rate of NLP technologies.
-
Europe: The UK, Germany, and France are the key countries in this region, with a growing demand for NLP solutions.
-
Asia-Pacific: China, Japan, and India are the leading countries in this region, with a rapid growth in the adoption of NLP technologies.
-
Rest of the World: This region includes countries in South America, Africa, and the Middle East, with a growing demand for NLP solutions.
Natural Language Processing Market Segmentations:
The NLP market is categorized based on several factors, including:
-
By Deployment:
-
On-premise
-
Cloud
-
Hybrid
-
By Organization Size:
-
Large Organizations
-
Small & Medium Organizations
-
By Type:
-
Hardware
-
Software
-
Services
-
Statistical NLP
-
Rule-based NLP
-
By Processing Type:
-
Text
-
Speech/Voice
-
Image
-
By End-user:
-
Education
-
BFSI
-
Healthcare
-
IT & Telecom
-
Retail
-
Manufacturing
-
Media & Entertainment
-
Others
Get Detail Market Segmentation : https://straitsresearch.com/report/natural-language-processing-market/segmentation
Key Unit Economics for Businesses and Startups
The NLP market offers several opportunities for businesses and startups, including:
-
Cost Savings: NLP can help businesses automate tasks, reducing labor costs and improving efficiency.
-
Revenue Growth: NLP can help businesses improve customer engagement, leading to increased revenue and growth.
-
Competitive Advantage: NLP can help businesses differentiate themselves from competitors, leading to a competitive advantage.
Natural Language Processing Market Operational Factors
The NLP market is influenced by several operational factors, including:
-
Advancements in AI and Machine Learning: Improvements in AI and machine learning algorithms are driving the growth of the NLP market.
-
Increasing Demand for Chatbots and Virtual Assistants: The growing demand for chatbots and virtual assistants is driving the adoption of NLP technologies.
-
Growing Need for Sentiment Analysis and Text Analytics: The increasing need for sentiment analysis and text analytics is driving the growth of the NLP market.
This Report is available for purchase on : https://straitsresearch.com/buy-now/natural-language-processing-market
Why Straits Research?
Straits Research is a leading market research company that provides actionable insights and accurate forecasts to help businesses make informed decisions. Our team of experienced analysts and researchers use cutting-edge research methodologies to provide comprehensive market analysis and forecasts.
Contact Us:
Email: sales@straitsresearch.com
Address: 825 3rd Avenue, New York, NY, USA, 10022
Tel: +1 646 905 0080 (U.S.)
+91 8087085354 (India)
+44 203 695 0070 (U.K.)
Comments
0 comment