Press Releases

The global natural language processing (NLP) market is expected to grow at a CAGR of 20.5% during the forecast period with its market size predicted to reach USD 25.0 billion by 2030. Globally, natural language processing (NLP) industry players are leveraging market growth through product launches, partnerships, mergers & acquisitions, and geographic expansion.

Machine Translation category held largest share in the natural language processing (NLP) market in 2020

Based on application, the natural language processing (NLP) market is segmented into information extraction, question answering, machine translation, automatic summarization, sentiment analysis text processing, and others. Among these segments, machine translation category held largest share in the market in 2020, owing to the increasing demand in organizations for solutions that can facilitate translation of text into multiple languages.

Browse Market Insight and In-depth TOC on "Global Natural Language Processing (NLP) Market – Analysis and Forecast (2022-2030)"

Based on industry, the natural language processing (NLP) market is segmented into BFSI, healthcare, retail and ecommerce, manufacturing, media and entertainment, travel and hospitality, it & telecommunication, and others. Among these segments, BFSI category held largest share in the market in 2020.

Geography Insight

Geographically, North America has accounted for the largest share in natural language processing (NLP) market, globally and is predicted to grow significantly during the forecast period. The growth of this market is attributed towards the rising demand for enhanced customer experience, increasing number of investments related to integration of machine learning and NLP, rapid technological advancements, and continuous focus of government on spending in AI-based technologies in the region.

Competitive Insight

Some of the key players operating in the global natural language processing (NLP) market are 3M Company, Apple Inc., Microsoft Corporation, Verint Systems Inc., AWS Inc, Dolbey Systems Inc., Genpact Ltd., Alphabet Inc., SAS Institute Inc., International Business Machines (IBM) Corporation, and Hewlett Packard Enterprise (HPE) Company.

Key Takeaway from the Report:

• Among all the type, statistical category held largest share in the market in 2022.
• Of all deployment, cloud category expected to exhibit fastest growth during the forecast period.
• Among all the application, the machine translation category held largest share in the market in 2022.
• Of all the industry, BFSI category held largest share in the market in 2022.
• Geographically, North America has accounted for the largest share in natural language processing (NLP) market, globally and is predicted to grow significantly during the forecast period.

The Report Offers:

• Historical market estimate for the years 2018–2022 and forecast for the years 2022–2030
• Insight on current market trends, market dynamics, key opportunities and major challenges in the industry
• Market insights by in-depth segmentation with industry dynamics.
• Competitive analysis and benchmarking of the industry leaders and their product offerings
• Profiles of leading players and innovators, their financial overview and product portfolio
• Analysis of key industry trends and recent developments
• Value chain analysis and distribution channel analysis with opportunity assessment
• Market share analysis of major players

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The report provides the market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue (USD Billion). The report segments the global natural language processing (NLP) market on the basis of type, deployment type, component, organization size, application, industry and region.

 

Global Natural Language Processing (NLP) Market Coverage

Type Insight and Forecast 2018-2030

• Statistical
• Rule-Based
• Hybrid

Deployment Type Insight and Forecast 2018-2030

• Cloud
• On-Premises

Component Insight and Forecast 2018-2030

• Solutions
  • Platform
  • Software Tools
• Services
  • Managed
  • Professional
    • Consulting
    • Support and Maintenance

Organization Size Insight and Forecast 2018-2030

• Small and Medium-Sized Enterprises
• Large Enterprises

Application Insight and Forecast 2018-2030

• Information Extraction
• Question Answering
• Machine Translation
• Automatic Summarization
• Sentiment Analysis
• Text Processing
• Others

Industry Insight and Forecast 2018-2030

• Banking, Financial Services, and Insurance (BFSI)
• Healthcare
• Retail and Ecommerce
• Manufacturing
• Media and Entertainment
• Travel and Hospitality
• IT & Telecommunication
• Others

Geographical Segmentation

Natural Language Processing (NLP) Market by Region

North America

• By Type
• By Deployment Type
• By Component
• By Organization Size
• By Application
• By Industry
• By Country – U.S., Canada, and Mexico

Europe

• By Type
• By Deployment Type
• By Component
• By Organization Size
• By Application
• By Industry
• By Country – Germany, U.K., France, Italy, Spain, and Rest of Europe

Asia-Pacific (APAC)

• By Type
• By Deployment Type
• By Component
• By Organization Size
• By Application
• By Industry
• By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Type
• By Deployment Type
• By Component
• By Organization Size
• By Application
• By Industry
• By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries