PUBLISHER: TechNavio | PRODUCT CODE: 1916060
PUBLISHER: TechNavio | PRODUCT CODE: 1916060
The global AI in natural language processing market is forecasted to grow by USD 38322.4 mn during 2024-2029, accelerating at a CAGR of 35.2% during the forecast period. The report on the global AI in natural language processing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by proliferation and democratization of generative AI and large language models, escalating demand for enhanced customer experiences and hyper personalization, increasing adoption and accessibility of cloud based nlp services.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
| Market Scope | |
|---|---|
| Base Year | 2025 |
| End Year | 2029 |
| Series Year | 2025-2029 |
| Growth Momentum | Accelerate |
| YOY 2025 | 32.9% |
| CAGR | 35.2% |
| Incremental Value | $38322.4 mn |
Technavio's global AI in natural language processing market is segmented as below:
By Component
By Application
By End-User
Geography
This study identifies the proliferation of enterprise grade generative AI and large language models as one of the prime reasons driving the global AI in natural language processing market growth during the next few years. Also, rise of multimodal AI and convergence of nlp with vision and speech and intensified focus on responsible ai, governance, and regulatory compliance will lead to sizable demand in the market.
The report on the global AI in natural language processing market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading global AI in natural language processing market vendors that include Amazon Web Services Inc., Anthropic, Baidu Inc., C3.ai Inc., Databricks Inc., Dataiku Inc., Google LLC, Hugging Face, IBM Corp., Meta Platforms Inc., Microsoft Corp., NICE Ltd., Oracle Corp., Palantir Technologies Inc., Salesforce Inc., SAP SE, SAS Institute Inc., Snowflake Inc., Verint Systems Inc.. Also, the global AI in natural language processing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.