[Market Report] Global Natural Language Processing (NLP) Market
Report ID: AA0823646
The global market for natural language processing (NLP) is rapidly growing and is expected to reach 242.9 billion USD by 2031.
The global natural language processing (NLP) market is experiencing unprecedented rapid growth, reaching a significant milestone with revenues of approximately $11.1 billion in 2022. This surge is expected to continue, with an astonishing compound annual growth rate (CAGR) of 40.9% projected during the forecast period from 2023 to 2031, pushing the market to an estimated $242.9 billion by 2031. Natural language processing, a field of artificial intelligence (AI), has emerged as a transformative force across various industries. NLP technology enables machines to understand, interpret, and generate human language, significantly impacting fields such as healthcare, finance, e-commerce, and customer service. For application methods, please check the [PDF download] button or apply directly through the related links.
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Overview of Segmentation The global natural language processing (NLP) market is classified based on components, deployment modes, organization size, type, industry, and region. By Component Solutions Services By Deployment Mode On-premises Cloud By Organization Size Large Enterprises Small and Medium Enterprises By Type Rule-based NLP Statistical NLP Hybrid NLP By Industry Technology Information and Communication Retail and E-commerce Banking, Financial Services, and Insurance Healthcare Education Media and Entertainment Others Key Companies: Verint Systems Inc Microsoft Corporation SAS Institute Inc Facebook Google Inc Intel Corporation Apple Inc IBM Corporation Hewlett-Packard Enterprise Narrative Science
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