Market Size in 2021 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 13.9 Billion | USD 44.79 Billion | 22.96% | 2021 |
FrequentlyAsked Questions
The global natural language processing (NLP) market is projected to grow owing to the rising applications of AI in the development of smart assistants that have become a common part of the everyday lives of the general population.
According to study, the global natural language processing (NLP) market size was worth around USD 13.9 billion in 2021 and is predicted to grow to around USD 44.79 billion by 2030 with a compound annual growth rate (CAGR) of roughly 22.96% between 2022 and 2030.
The global natural language processing (NLP) market is projected to be led by North America during the forecast period, majorly driven by the already existing dominant consumer and provider database in the regions of the US and Canada.
The global natural language processing (NLP) market is dominated by players like Facebook, Hewlett-Packard Enterprise, Apple Inc., Intel Corporation, Narrative Science, Verint Systems, Inc., and IBM Corporation.
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