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%.
What is the Global Natural Language Processing (NLP) Market?
The natural language processing (NLP) market consists of sales of NLP by entities (organizations, sole traders, and partnerships) that enable computers to understand and analyse 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.
Get a Sample of the global natural language processing (NLP) market report
https://www.thebusinessresearchcompany.com/sample.aspx?id=6034&type=smp
What drives the Global Natural Language Processing (NLP) Market?
The increasing usage of smart devices is driving the growth of the NLP market. Smart devices are electronic devices that are connected to networks or other devices via wireless modes. Smart devices are paired with NLP to process and analyse voice commands given by users. For instance, according to DataReportal, an online data, and insights agency, the number of smartphones in use is growing at a 5.7% annual rate, with an average of 1 million new smartphones in use every day. Therefore, increasing usage of smart devices is expected to drive the growth of the NLP market going forward.
Get the full global natural language processing (NLP) industry report here
https://www.thebusinessresearchcompany.com/report/natural-language-processing-global-market-report
Global Natural Language Processing (NLP) Market Segments
The global NLP market is segmented:
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 regions covered in the natural language processing (NLP) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global natural language processing (NLP) market.
Natural Language Processing (NLP) Global Market Report 2022provides market size and growth forecasts for the global natural language processing (NLP) market, global natural language processing (NLP) market share, NLP market segments and geographies, NLP market competitive landscape including leading competitors’ revenues, profiles and market shares. The NLP market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Natural Language Processing (NLP) Industry Playersinclude 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. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
