Natural Language Processing Market, By Solution, By Technology, By Industry Vertical, By Geography

Description

Global natural language processing market is estimated to be valued at US$ 26.71 billion in 2024 and is expected to reach US$ 132.91 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 25.8% from 2024 to 2031.

Figure 1. Natural Language Processing Market Share (%), By Region, 2024

Natural Language Processing Market - IMG1

Natural language processing (NLP) is an area of artificial intelligence that deals with the interaction between computers and humans using the natural language. NLP uses machine learning and deep learning algorithms to understand, interpret, and generate human language. By utilizing these technologies, NLP facilitates human-computer interaction in various applications such as text analytics, machine translation, chatbots, virtual assistants, and voice assistants. It is evolving rapidly with advancements in deep learning techniques that offers new opportunities in fields like conversational AI, sentiment analysis, and others.

Market Dynamics:

Global natural language processing market growth is driven by growing online interactions through various digital mediums and rising need for managing large volumes of unstructured text data in organizations. NLP helps to extract useful information from huge amounts of text data through machine learning and linguistic techniques. Developing more accurate and contextual NLP models using deep learning advancements and integrating them into various applications like business software and customer support systems can offer new market growth opportunities. However, lack of quality datasets for training algorithms and difficulties generalizing models can hamper the market growth. Evolving natural languages and interpreting ambiguous texts can also hamper the market growth.

Key features of the study:

This report provides in-depth analysis of the global natural language processing market, and provides market size (US$ billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global natural language processing market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Adobe Inc., Amazon.com, Inc., Baidu Inc., Google, LLC., Hewlett Packard Enterprise Development LP, IBM Corporation, Inbenta Holdings Inc., Intel Corporation, JUST AI LIMITED, Linguamatics, Microsoft Corporation, NetBase Quid, Inc., NVIDIA Corporation, Qualcomm Incorporated, SAP SE, SAS Institute Inc., SoundHound AI, Inc., Texas Instrument, Verint System Inc.

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

Global natural language processing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global natural language processing market

Detailed Segmentation-

By Solution
- Hardware
- Software
- Services
By Technology
- Interactive Voice Response (IVR)
- Optical Character Recognition (OCR)
- Text Analytics
- Speech Analytics
- Classification and Categorization
- Pattern and Image Recognition
- Others (Auto Coding, Professional Services, and Others)
By Industry Vertical
- BFSI
- Healthcare
- IT and Telecom
- Retail
- Manufacturing
- Media and Entertainment
- Other End-use Industries
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players Insights
- Adobe Inc.
- Amazon.com, Inc.
- Baidu Inc.
- Google, LLC.
- Hewlett Packard Enterprise Development LP
- IBM Corporation
- Inbenta Holdings Inc.
- Intel Corporation
- JUST AI LIMITED
- Linguamatics
- Microsoft Corporation
- NetBase Quid, Inc.
- NVIDIA Corporation
- Qualcomm Incorporated
- SAP SE
- SAS Institute Inc.
- SoundHound AI, Inc.
- Texas Instrument
- Verint System Inc.

Product Code: CMI1090

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Solution
- Market Snippet, By Technology
- Market Snippet, By Industry Vertical
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launch/Approvals
Impact of COVID-19 Pandemic

4. Global Natural Language Processing Market, By Solution, 2019-2031, (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Segment Trends
Hardware
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Software
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Services
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

5. Global Natural Language Processing Market, By Technology, 2019-2031, (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Segment Trends
Interactive Voice Response (IVR)
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Optical Character Recognition (OCR)
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Text Analytics
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Speech Analytics
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Classification and Categorization
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Pattern and Image Recognition
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Others (Auto Coding, Professional Services, and Others)
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

6. Global Natural Language Processing Market, By Industry Vertical, 2019-2031, (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Segment Trends
BFSI
- Market Share Analysis, 2024 and 2031 (%)
- Segment Trends
Healthcare
- Market Share Analysis, 2024 and 2031 (%)
- Segment Trends
IT and Telecom
- Market Share Analysis, 2024 and 2031 (%)
- Segment Trends
Retail
- Market Share Analysis, 2024 and 2031 (%)
- Segment Trends
Manufacturing
- Market Share Analysis, 2024 and 2031 (%)
- Segment Trends
Media and Entertainment
- Market Share Analysis, 2024 and 2031 (%)
- Segment Trends
Other End-use Industries
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

7. Global Natural Language Processing Market, By Region, 2019-2031, (US$ Billion)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
North America
- Regional Trends
- Market Size and Forecast, By Solution, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Technology, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Industry Vertical, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Solution, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Technology, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Industry Vertical, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - U.K.
  - Germany
  - France
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Solution, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Technology, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Industry Vertical, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Solution, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Technology, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Industry Vertical, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Solution, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Technology, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Industry Vertical, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - South Africa
  - GCC Countries
  - Rest of the Middle East & Africa

8. Competitive Landscape

Company Profiles
- Adobe Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Amazon.com, Inc.
- Baidu Inc.
- Google, LLC.
- Hewlett Packard Enterprise Development LP
- IBM Corporation
- Inbenta Holdings Inc.
- Intel Corporation
- JUST AI LIMITED
- Linguamatics
- Microsoft Corporation
- NetBase Quid, Inc.
- Qualcomm Incorporated
- SAP SE
- SAS Institute Inc.
- SoundHound AI, Inc.
- Texas Instrument
- Verint System Inc.

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Research Methodology

References
Research Methodology
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