Natural Language Understanding (NLU) Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024

Description

Market Overview

The global natural language understanding (NLU) market is projected to generate $18.9 billion in revenue in 2024, with an anticipated compound annual growth rate (CAGR) of 27.2% from 2024 to 2030, reaching $80.3 billion by 2030. This growth is driven by the increasing adoption of conversational AI technologies, such as chatbots and virtual assistants, across various sectors including healthcare, customer service, and e-commerce. The rapid digitalization and integration of artificial intelligence (AI) in both public and private sectors are enhancing human-machine interactions, leading to improved customer experiences and operational efficiencies.

Key Insights

The text analysis application category is expected to dominate the market, driven by the need for organizations to extract meaningful insights from large volumes of textual data.

North America holds the largest market share, attributed to the early adoption of advanced technologies and significant investments in AI research and development.

The Asia-Pacific region is anticipated to exhibit the fastest growth, with a focus on adopting advanced NLU technologies and fostering innovation in digital content creation.

The integration of NLU in healthcare for maintaining electronic health records and enhancing patient care is a significant trend, supported by substantial government investments.

The market is consolidated, with key players focusing on technological innovations and strategic partnerships to gain a competitive edge.

The growing emphasis on digitalization and the adoption of advanced technologies are driving the demand for NLU solutions, as organizations seek to improve customer engagement and operational efficiency.

Government initiatives aimed at enhancing data management capabilities are contributing to the adoption of NLU technologies across various sectors.

The increasing volume of unstructured data is propelling the demand for NLU solutions that can effectively analyze and interpret human language inputs.

Product Code: 13160

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by offering type
- 1.4.2. Market size breakdown, by type
- 1.4.3. Market size breakdown, by application
- 1.4.4. Market size breakdown, by end user
- 1.4.5. Market size breakdown, by region
- 1.4.6. Market size breakdown, by country
1.5. Market Data Reporting Unit
- 1.5.1. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
5.2. Impact of COVID-19
5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes

Chapter 6. Global Market

6.1. Overview
6.2. Market Revenue, by Offering Type (2019-2030)
6.3. Market Revenue, by Type (2019-2030)
6.4. Market Revenue, by Application (2019-2030)
6.5. Market Revenue, by End User (2019-2030)
6.6. Market Revenue, by Region (2019-2030)

Chapter 7. North America Market

7.1. Overview
7.2. Market Revenue, by Offering Type (2019-2030)
7.3. Market Revenue, by Type (2019-2030)
7.4. Market Revenue, by Application (2019-2030)
7.5. Market Revenue, by End User (2019-2030)
7.6. Market Revenue, by Country (2019-2030)

Chapter 8. Europe Market

8.1. Overview
8.2. Market Revenue, by Offering Type (2019-2030)
8.3. Market Revenue, by Type (2019-2030)
8.4. Market Revenue, by Application (2019-2030)
8.5. Market Revenue, by End User (2019-2030)
8.6. Market Revenue, by Country (2019-2030)

Chapter 9. APAC Market

9.1. Overview
9.2. Market Revenue, by Offering Type (2019-2030)
9.3. Market Revenue, by Type (2019-2030)
9.4. Market Revenue, by Application (2019-2030)
9.5. Market Revenue, by End User (2019-2030)
9.6. Market Revenue, by Country (2019-2030)

Chapter 10. LATAM Market

10.1. Overview
10.2. Market Revenue, by Offering Type (2019-2030)
10.3. Market Revenue, by Type (2019-2030)
10.4. Market Revenue, by Application (2019-2030)
10.5. Market Revenue, by End User (2019-2030)
10.6. Market Revenue, by Country (2019-2030)

Chapter 11. MEA Market

11.1. Overview
11.2. Market Revenue, by Offering Type (2019-2030)
11.3. Market Revenue, by Type (2019-2030)
11.4. Market Revenue, by Application (2019-2030)
11.5. Market Revenue, by End User (2019-2030)
11.6. Market Revenue, by Country (2019-2030)

Chapter 12. U.S. Market

12.1. Overview
12.2. Market Revenue, by Offering Type (2019-2030)
12.3. Market Revenue, by Type (2019-2030)
12.4. Market Revenue, by Application (2019-2030)
12.5. Market Revenue, by End User (2019-2030)

Chapter 13. Canada Market

13.1. Overview
13.2. Market Revenue, by Offering Type (2019-2030)
13.3. Market Revenue, by Type (2019-2030)
13.4. Market Revenue, by Application (2019-2030)
13.5. Market Revenue, by End User (2019-2030)

Chapter 14. Germany Market

14.1. Overview
14.2. Market Revenue, by Offering Type (2019-2030)
14.3. Market Revenue, by Type (2019-2030)
14.4. Market Revenue, by Application (2019-2030)
14.5. Market Revenue, by End User (2019-2030)

Chapter 15. France Market

15.1. Overview
15.2. Market Revenue, by Offering Type (2019-2030)
15.3. Market Revenue, by Type (2019-2030)
15.4. Market Revenue, by Application (2019-2030)
15.5. Market Revenue, by End User (2019-2030)

Chapter 16. U.K. Market

16.1. Overview
16.2. Market Revenue, by Offering Type (2019-2030)
16.3. Market Revenue, by Type (2019-2030)
16.4. Market Revenue, by Application (2019-2030)
16.5. Market Revenue, by End User (2019-2030)

Chapter 17. Italy Market

17.1. Overview
17.2. Market Revenue, by Offering Type (2019-2030)
17.3. Market Revenue, by Type (2019-2030)
17.4. Market Revenue, by Application (2019-2030)
17.5. Market Revenue, by End User (2019-2030)

Chapter 18. Spain Market

18.1. Overview
18.2. Market Revenue, by Offering Type (2019-2030)
18.3. Market Revenue, by Type (2019-2030)
18.4. Market Revenue, by Application (2019-2030)
18.5. Market Revenue, by End User (2019-2030)

Chapter 19. Japan Market

19.1. Overview
19.2. Market Revenue, by Offering Type (2019-2030)
19.3. Market Revenue, by Type (2019-2030)
19.4. Market Revenue, by Application (2019-2030)
19.5. Market Revenue, by End User (2019-2030)

Chapter 20. China Market

20.1. Overview
20.2. Market Revenue, by Offering Type (2019-2030)
20.3. Market Revenue, by Type (2019-2030)
20.4. Market Revenue, by Application (2019-2030)
20.5. Market Revenue, by End User (2019-2030)

Chapter 21. India Market

21.1. Overview
21.2. Market Revenue, by Offering Type (2019-2030)
21.3. Market Revenue, by Type (2019-2030)
21.4. Market Revenue, by Application (2019-2030)
21.5. Market Revenue, by End User (2019-2030)

Chapter 22. Australia Market

22.1. Overview
22.2. Market Revenue, by Offering Type (2019-2030)
22.3. Market Revenue, by Type (2019-2030)
22.4. Market Revenue, by Application (2019-2030)
22.5. Market Revenue, by End User (2019-2030)

Chapter 23. South Korea Market

23.1. Overview
23.2. Market Revenue, by Offering Type (2019-2030)
23.3. Market Revenue, by Type (2019-2030)
23.4. Market Revenue, by Application (2019-2030)
23.5. Market Revenue, by End User (2019-2030)

Chapter 24. Brazil Market

24.1. Overview
24.2. Market Revenue, by Offering Type (2019-2030)
24.3. Market Revenue, by Type (2019-2030)
24.4. Market Revenue, by Application (2019-2030)
24.5. Market Revenue, by End User (2019-2030)

Chapter 25. Mexico Market

25.1. Overview
25.2. Market Revenue, by Offering Type (2019-2030)
25.3. Market Revenue, by Type (2019-2030)
25.4. Market Revenue, by Application (2019-2030)
25.5. Market Revenue, by End User (2019-2030)

Chapter 26. Saudi Arabia Market

26.1. Overview
26.2. Market Revenue, by Offering Type (2019-2030)
26.3. Market Revenue, by Type (2019-2030)
26.4. Market Revenue, by Application (2019-2030)
26.5. Market Revenue, by End User (2019-2030)

Chapter 27. South Africa Market

27.1. Overview
27.2. Market Revenue, by Offering Type (2019-2030)
27.3. Market Revenue, by Type (2019-2030)
27.4. Market Revenue, by Application (2019-2030)
27.5. Market Revenue, by End User (2019-2030)

Chapter 28. U.A.E. Market

28.1. Overview
28.2. Market Revenue, by Offering Type (2019-2030)
28.3. Market Revenue, by Type (2019-2030)
28.4. Market Revenue, by Application (2019-2030)
28.5. Market Revenue, by End User (2019-2030)

Chapter 29. Competitive Landscape

29.1. List of Market Players and their Offerings
29.2. Competitive Benchmarking of Key Players
29.3. Product Benchmarking of Key Players
29.4. Recent Strategic Developments

Chapter 30. Company Profiles

30.1. Microsoft Corporation Inc.
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
30.2. Google LLC
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
30.3. International Business Machines Corporation
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
30.4. Amazon Web Services Inc.
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
30.5. Meta Platforms Inc.
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
30.6. SAS Institute Inc.
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
30.7. Oracle Systems Corporation
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
30.8. Salesforce Inc.
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
30.9. OpenAI OpCo LLC
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
30.10. SoundHound AI Inc.
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
30.11. Jio Haptik Technologies Ltd.
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
30.12. Verbrit Inc.
- 30.12.1. Business overview
- 30.12.2. Product and service offerings
- 30.12.3. Key financial summary

Chapter 31. Appendix

31.1. Abbreviations
31.2. Sources and References
31.3. Related Reports

Natural Language Understanding (NLU) Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)