PUBLISHER: BCC Research | PRODUCT CODE: 1303163
PUBLISHER: BCC Research | PRODUCT CODE: 1303163
The global natural language processing (NLP) market should reach $92.7 billion by 2028 from $29.1 billion in 2023 at a compound annual growth rate (CAGR) of 26.1% for the forecast period of 2023 to 2028.
North American NLP market is expected to grow from $10.5 billion in 2023 to $34.1 billion in 2028 at a CAGR of 26.5% for the forecast period of 2023 to 2028.
Asia-Pacific NLP market is expected to grow from $7.3 billion in 2023 to $25.2 billion in 2028 at a CAGR of 28.3% for the forecast period of 2023 to 2028.
In this report, the global NLP market has been segmented based on organization size, component, provider, type, industry and geography. The report provides an overview of the global natural processing market and analyses market trends. Using 2022 as the base year, this report provides estimated market data for the forecast period from 2023 to 2028. Revenue forecasts for this period are segmented based on component, deployment, organization size, type, application, industry vertical and geography. Market values have been estimated based on the total revenue of NLP solution providers.
The report covers the NLP market with regard to the user base across different regions. It also highlights major trends and challenges that affect the market and the vendor landscape. The report estimates the global market for NLP in 2022 and provides projections for the expected market size through 2028. The report explains the value chain and current trends in the global markets for NLP. It concludes with detailed profiles of the major market players.