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Global Natural Language Understanding (NLU) Market Size, Share, Growth Analysis, By Offering (Solutions, Services), Type, Application (Machine Translation, Chatbots & Virtual Assistants, Sentiment Analysis, Data Capture) - Industry Forecast to 2029

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    Report

  • 334 Pages
  • July 2024
  • Region: Global
  • Markets and Markets
  • ID: 5988311
The global natural language understanding (NLU) market is valued at USD 19.2 billion in 2024 and is estimated to reach USD 62.9 billion in 2029, registering a CAGR of 26.8% during the forecast period. The evolution of consumer expectations towards personalized and sophisticated interactions has significantly shaped the market demand for Natural Language Understanding (NLU) tools. This shift is evident in the fact that approximately 20% of Google searches are conducted via voice, highlighting the growing preference for intuitive and conversational interfaces. Businesses that fail to integrate NLU tools into their operations risk constraining the level of customer experience they can offer. NLU empowers organizations to understand and respond to the nuances of individual customer inputs, whether through voice commands, text-based queries, or social media interactions.

By offering, the solution segment is projected to hold the largest market size during the forecast period.

The solution segment, comprising platforms and software tools & frameworks, offers comprehensive offerings and versatility. NLU platforms offer end-to-end solutions that encompass data preprocessing, model training, deployment, and analytics. This makes them highly suitable for businesses seeking integrated and scalable NLU capabilities. These platforms often come equipped with pre-built models and APIs, which expedite development and facilitate the rapid deployment of NLU applications across various domains. On the other hand, software tools & frameworks offer developers the flexibility to create customized NLU solutions that cater to specific use cases and requirements. They provide a wide range of features, including natural language processing (NLP) libraries, sentiment analysis tools, and speech recognition capabilities, empowering developers to develop innovative NLU applications.

By type, hybrid segment is registered to grow at the highest CAGR during the forecast period.

Hybrid NLU, which combines statistical and rule-based approaches, is growing rapidly in the NLU market due to its ability to combine the strengths of both approaches. Rule-based NLU relies on predefined rules and models to interpret language, providing accuracy but limited adaptability to new data and contexts. In contrast, statistical NLU utilizes machine learning algorithms to learn patterns and relationships from data, providing flexibility but requiring significant quantities of labeled data for training. Hybrid NLU utilizes rule-based logic to interpret structured data with statistical models to handle unstructured and nuanced language input. This combination approach improves accuracy, scalability, and adaptability, making it suitable for complex use cases such as virtual assistants, sentiment analysis, and conversational AI.

Asia Pacific is projected to witness the highest CAGR during the forecast period.

The Asia Pacific region is currently undergoing rapid expansion and is emerging as the most rapidly growing market in the natural language understanding (NLU) sector. This growth is being fueled by various factors, such as the increasing utilization of AI and machine learning technologies in industries like healthcare, finance, retail, and customer service. Countries like China, India, Japan, and South Korea are observing substantial investments in NLU research and development, resulting in the creation of sophisticated language processing capabilities customized for regional languages and dialects. Furthermore, the growing need for personalized customer experiences, effective communication platforms, and automation in businesses is propelling the adoption of NLU solutions in the Asia Pacific region.

Breakdown of primaries

In-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, system integrators, and executives from various key organizations operating in the NLU market.
  • By Company: Tier I: 35%, Tier II: 45%, and Tier III: 20%
  • By Designation: C-Level Executives: 35%, Directors: 25%, and Others: 40%
  • By Region: North America: 45%, Europe: 30%, Asia Pacific: 20%, RoW: 5%
Major vendors offering NLU solutions and services across the globe are Microsoft (US), Google (US), IBM (US), AWS (US), Meta (US), SAS Institute, Oracle (US), Salesforce (US), OpenAI (US), SoundHound AI (US), IQVIA (US), LivePerson (US), Haptik (India), Kapiche (Australia), Rasa (US), MindMeld (US), Hugging Face (US), Conversica (US), Expert.ai (Italy), Verbio Technologies (Spain), Wolfram (US), Cortical.io (Austria), Omilia (Cyprus), Cognigy (Germany), Plasticity (US), Afforai (US), Tune AI (US), Vebrit.ai (US), Synthesys (UK), Picovoice (Canada), Symbl.ai (US), Tisane Labs (Singapore), Prosa.ai (Indonesia), Abacus.AI (US), Forethought (US).

Research Coverage

The market study covers natural language understanding (NLU) across segments. It aims at estimating the market size and the growth potential across different segments, such as offering (solutions [platform and software tools & frameowrks], solutions by deployment mode, and services), type, application, vertical and region. It includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report

The report would provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market for NLU and its subsegments. It would help stakeholders understand the competitive landscape and gain more insights better to position their business and plan suitable go-to-market strategies. It also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Growing consumer demand for personalized & intuitive interactions, increased productivity & reduced call duration in contact centers, ising demand for brand messaging and exponential growth of unstructured text data), restraints (High costs restrict NLU adoption to larger, well-funded organizations, data sensitivity hampers NLU market growth, necessitating robust security measures), opportunities (Advancements in NLU enable cognitive understanding for enhanced AI capabilities, emotion recognition-based NLU to unlock empathetic AI for personalized user experiences, industry-specific NLU solutions offer an opportunity to revolutionize sector operations), and challenges (Lexical ambiguity challenges NLU accuracy with multiple word meanings and bias in training data can lead to discriminatory predictions in NLU) influencing the growth of the natural language understanding (NLU) market
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the natural language understanding (NLU) market.
  • Market Development: Comprehensive information about lucrative markets - the report analyses the natural language understanding (NLU) market across varied regions.
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in NLU market strategies; the report also helps stakeholders understand the pulse of the natural language understanding (NLU) market and provides them with information on key market drivers, restraints, challenges, and opportunities.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players such as Microsoft (US), Google (US), IBM (US), AWS (US) and Oracle (US) among others in the natural language understanding (NLU) market.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Years Considered
1.4 Currency Considered
1.5 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup of Primary Profiles
2.1.2.2 Key Industry Insights
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.3.1 Top-Down Approach
2.3.2 Bottom-Up Approach
2.4 Market Forecast
2.5 Research Assumptions
2.6 Research Limitations
2.7 Implication of Recession on Global Natural Language Understanding Market
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities for Players in Natural Language Understanding Market
4.2 Natural Language Understanding Market, by Top 3 Verticals
4.3 Natural Language Understanding Market in North America, by Offering and Top 3 Verticals
4.4 Natural Language Understanding Market, by Region
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Demand for Personalized and Intuitive Interactions
5.2.1.2 Focus on Customer-Centric Approaches and Operational Efficiency
5.2.1.3 Rising Demand for Brand Messaging Driving Adoption of Robust Nlu Solutions
5.2.1.4 Exponential Growth of Unstructured Text Data Fueling Demand for Nlu
5.2.2 Restraints
5.2.2.1 High Implementation Costs and Lack of Skilled Professionals
5.2.2.2 Data Sensitivity Hampering Market Growth and Necessitating Robust Security Measures
5.2.3 Opportunities
5.2.3.1 Advancements in Nlu Enabling Cognitive Understanding for Enhanced AI Capabilities
5.2.3.2 Emotion Recognition-based Nlu Unlocking Empathetic AI for Personalized User Experiences
5.2.3.3 Industry-Specific Nlu Solutions Offering Opportunity to Revolutionize Sector Operations
5.2.4 Challenges
5.2.4.1 Lexical Ambiguity Challenging Accuracy of Nlu with Multiple Word Meanings
5.2.4.2 Societal Biases by Language Models in Training Data Leading to Discriminatory Predictions in Nlu
5.3 Trends/Disruptions Impacting Customers’ Businesses
5.4 Pricing Analysis
5.4.1 Average Selling Price Trends of Key Players, by Application
5.4.2 Indicative Pricing Analysis of Natural Language Understanding Solutions, by Offering
5.5 Supply Chain Analysis
5.6 Ecosystem
5.6.1 Platform Providers
5.6.2 Service Providers
5.6.3 Software Tool and Framework Providers
5.6.4 Regulatory Bodies
5.7 Technology Analysis
5.7.1 Key Technologies
5.7.1.1 Natural Language Processing (Nlp)
5.7.1.2 Machine Learning (ML)
5.7.1.3 Deep Learning
5.7.1.4 Speech Recognition
5.7.2 Complementary Technologies
5.7.2.1 Big Data Analytics
5.7.2.2 Cloud Computing
5.7.2.3 IoT
5.7.3 Adjacent Technologies
5.7.3.1 Blockchain
5.7.3.2 Cybersecurity
5.8 Patent Analysis
5.8.1 Methodology
5.8.1.1 Patents Type
5.8.1.2 Innovation and Patent Applications
5.8.1.2.1 Top 10 Applicants in Natural Language Understanding Market
5.9 Key Conferences and Events, 2024-2025
5.10 Regulatory Landscape
5.10.1 Regulatory Bodies, Government Agencies, and Other Organizations
5.10.1.1 North America
5.10.1.1.1 US
5.10.1.1.2 Canada
5.10.1.2 Europe
5.10.1.3 Asia-Pacific
5.10.1.3.1 China
5.10.1.3.2 India
5.10.1.3.3 Japan
5.10.1.3.4 South Korea
5.10.1.4 Middle East & Africa
5.10.1.4.1 UAE
5.10.1.4.2 KSA
5.10.1.5 Latin America
5.10.1.5.1 Brazil
5.10.1.5.2 Mexico
5.11 Porter's Five Forces Analysis
5.11.1 Threat of New Entrants
5.11.2 Threat of Substitutes
5.11.3 Bargaining Power of Suppliers
5.11.4 Bargaining Power of Buyers
5.11.5 Intensity of Competition Rivalry
5.12 Key Stakeholders and Buying Criteria
5.12.1 Key Stakeholders in Buying Process
5.12.2 Buying Criteria
5.13 Natural Language Understanding Market: Evolution
5.14 Technology Roadmap of Natural Language Understanding Market
5.15 Phases of Natural Language Understanding
5.15.1 Lexical Analysis
5.15.2 Syntactic Analysis (Parsing)
5.15.3 Semantic Analysis
5.15.4 Discourse Integration
5.15.5 Pragmatic Analysis
5.16 Investment and Funding Scenario
5.17 Case Study Analysis
5.17.1 Clearscope Leveraged IBM Watson for Automated Seo and Achieved Significant Traffic Growth
5.17.2 Verbio's Call Automation Solution Revolutionized Major Spanish Banks’ Customer Service
5.17.3 Cortical.Io's Semanticpro Extract & Analyze Solution Streamlined Rfp Processing and Boosted Response Times and Insights
5.17.4 Omilia's Nlu Technology Revolutionized Vodafone Greece's Customer Service Experience
5.17.5 Expert.AI and Associated Press Elevated News Discovery with Advanced Natural Language Understanding Solutions
6 Natural Language Understanding Market, by Offering
6.1 Introduction
6.1.1 Offering: Natural Language Understanding Market Drivers
6.2 Solutions
6.2.1 Diverse Nlu Offerings Drive Innovation in Language Understanding Technologies Globally
6.2.2 Platforms
6.2.3 Software Tools & Frameworks
6.3 Solution, by Deployment Mode
6.3.1 Nlu Market Solutions Adapt to Cloud and On-Premises Deployment Demands
6.3.2 Cloud
6.3.3 On-Premises
6.4 Services
6.4.1 Nlu Market Services Optimize Adoption with Professional and Managed Expertise
6.4.2 Professional Services
6.4.2.1 Training & Consulting
6.4.2.2 System Integration & Implementation
6.4.2.3 Support & Maintenance
6.4.3 Managed Services
7 Natural Language Understanding Market, by Type
7.1 Introduction
7.1.1 Type: Natural Language Understanding Market Drivers
7.2 Rule-based
7.2.1 Rule-based Nlu Systems Drive Precision and Compliance in Structured Data Environments
7.3 Statistical
7.3.1 Statistical Nlu Models Advance with Machine Learning for Nuanced Language Understanding
7.4 Hybrid
7.4.1 Hybrid Nlu Models Integrate Rules and Machine Learning for Versatile Applications
8 Natural Language Understanding Market, by Application
8.1 Introduction
8.1.1 Application: Natural Language Understanding Market Drivers
8.2 Chatbots & Virtual Assistants
8.2.1 Nlu-Powered Chatbots and Virtual Assistants to Streamline Customer Interactions and Tasks
8.3 Customer Experience Management
8.3.1 Rising Demand for Personalized Customer Interactions to Drive Nlu Solutions
8.4 Text Analysis
8.4.1 Growing Demand for Actionable Insights from Unstructured Text to Drive Nlu Adoption
8.5 Sentiment Analysis
8.5.1 Real-Time Sentiment Insights Drive Strategic Decisions and Enhance Customer Engagement
8.6 Ivr & Message Routing
8.6.1 Efficient Call Routing and 24/7 Service Drive Adoption of Nlu-Enhanced Ivr Systems
8.7 Data Capture
8.7.1 Efficient Data Entry Automation Drives Adoption of Nlu-Powered Data Capture
8.8 Machine Translation
8.8.1 Improved Global Communication Through Accurate, Context-Aware Machine Translations
8.9 Other Applications
9 Natural Language Understanding Market, by Vertical
9.1 Introduction
9.1.1 Vertical: Natural Language Understanding Market Drivers
9.2 BFSI
9.2.1 Integration of AI-Driven Nlu to Enhance Customer Interactions in BFSI
9.2.2 Fraud Detection & Prevention
9.2.3 Algorithmic Trading
9.2.4 Risk Assessment
9.2.5 Compliance & Regulatory Monitoring
9.2.6 Insurance Claims Processing
9.3 Healthcare & Life Sciences
9.3.1 Nlu to Enhance Healthcare Diagnostics and Research Through Advanced Data Analysis
9.3.2 Clinical Documentation
9.3.3 Disease Detection & Surveillance
9.3.4 Clinical Decision Support
9.3.5 Drug Discovery & Development
9.3.6 Healthcare Data Mining and Query Understanding
9.4 Retail & Ecommerce
9.4.1 Growing Demand for Personalized Shopping Experiences to Drive Nlu Adoption
9.4.2 Customer Support & Engagement
9.4.3 Sentiment Analysis
9.4.4 Personalized Recommendation
9.4.5 Search Engine Optimization
9.4.6 Supply Chain Management
9.5 IT & ITeS
9.5.1 Advanced Nlu Solutions to Streamline IT Operations and Customer Engagement
9.5.2 IT Help Desk Automation
9.5.3 Knowledge Management
9.5.4 Software Development
9.5.5 Project Management
9.6 Transportation & Logistics
9.6.1 Nlu to Transform Logistics Operations with Real-Time Intelligence and Automation
9.6.2 Route Optimization
9.6.3 Fleet Management
9.6.4 Inventory Visibility
9.6.5 Customer Support and Tracking
9.7 Government & Public Sector
9.7.1 Nlu to Drive Efficiency and Citizen Engagement in Government Services
9.7.2 Public Services
9.7.3 Security & Intelligence
9.7.4 Compliance & Legal Document Management
9.7.5 Intelligence Analysis & Threat Detection
9.8 Media & Entertainment
9.8.1 Demand for Personalized Content Experiences to Drive Nlu Adoption
9.8.2 Content Personalization
9.8.3 News & Content Analysis
9.8.4 Audience Sentiment Analysis
9.8.5 Automated Content Tagging and Classification
9.9 Manufacturing
9.9.1 Demand for Operational Efficiency and Predictive Maintenance Drives Nlu Adoption in Manufacturing
9.9.2 Supply Chain Optimization
9.9.3 Production Optimization
9.9.4 Maintenance & Predictive Analytics
9.9.5 Quality Control & Defect Detection
9.10 Telecommunication
9.10.1 Nlu Enhances Telecom Efficiency by Automating Customer Support and Network Management
9.10.2 Automated Customer Service
9.10.3 Network Management
9.10.4 Virtual Call Centers
9.10.5 Voice Command and Control
9.11 Other Verticals
10 Natural Language Understanding Market, by Region
10.1 Introduction
10.2 North America
10.2.1 Market Drivers
10.2.2 Recession Impact
10.2.3 US
10.2.3.1 Strong Presence of Leading Tech Companies to Fuel Market
10.2.4 Canada
10.2.4.1 Government Investment in AI Adoption to Drive Technological Advancement and Competitiveness
10.3 Europe
10.3.1 Market Drivers
10.3.2 Recession Impact
10.3.3 UK
10.3.3.1 UK's Stringent AI Regulations and Supportive Policies to Drive Nlu Innovation
10.3.4 Germany
10.3.4.1 Robust R&D Investments to Drive Market
10.3.5 France
10.3.5.1 Increased Funding and Government Support to Drive Market
10.3.6 Spain
10.3.6.1 Collaboration Between Government and Tech Giants to Drive Nlu Market
10.3.7 Italy
10.3.7.1 Increased Adoption of AI-Driven Solutions Across Italian Industries to Drive Market
10.3.8 Rest of Europe
10.4 Asia-Pacific
10.4.1 Market Drivers
10.4.2 Recession Impact
10.4.3 China
10.4.3.1 Rapid Development of AI-Powered Chatbots to Drive Market
10.4.4 Japan
10.4.4.1 Japan's Robust AI Ecosystem and Advanced Technological Infrastructure to Enhance Nlu Adoption
10.4.5 India
10.4.5.1 Increased Government Initiatives and Diverse Linguistic Challenges to Drive Market
10.4.6 South Korea
10.4.6.1 Robust AI Infrastructure and Government Support to Drive Nlu Innovation
10.4.7 Asean
10.4.7.1 Proactive AI Strategies and Robust Digital Economies to Drive Regional Growth
10.4.8 Rest of Asia-Pacific
10.5 Middle East & Africa
10.5.1 Market Drivers
10.5.2 Recession Impact
10.5.3 Middle East
10.5.3.1 UAE
10.5.3.1.1 National AI Strategy to Drive Nlu Technology Growth
10.5.3.2 Saudi Arabia
10.5.3.2.1 Vision 2030 and Strategic AI Partnerships to Drive Nlu Growth
10.5.3.3 Turkey
10.5.3.3.1 Increasing Awareness of Shipping Companies to Effectively Manage Complex Shipping Operations
10.5.3.4 Qatar
10.5.3.4.1 National AI Strategy and Robust Startup Ecosystem to Drive Nlu Market
10.5.3.5 Rest of Middle East
10.5.4 Africa
10.6 Latin America
10.6.1 Market Drivers
10.6.2 Recession Impact
10.6.3 Brazil
10.6.3.1 National AI Strategy and Regulatory Framework to Drive Nlu Market
10.6.4 Mexico
10.6.4.1 Government Initiatives Toward Technological Advancements to Boost Growth
10.6.5 Argentina
10.6.5.1 Robust Tech Ecosystem and Governmental Support to Drive Growth
10.6.6 Rest of Latin America
11 Competitive Landscape
11.1 Overview
11.2 Key Player Strategies
11.3 Revenue Analysis
11.4 Market Share Analysis
11.4.1 Market Ranking Analysis
11.5 Brand/Product Comparative Analysis
11.6 Company Evaluation Matrix: Key Players, 2023
11.6.1 Stars
11.6.2 Emerging Leaders
11.6.3 Pervasive Players
11.6.4 Participants
11.6.5 Company Footprint: Key Players, 2023
11.6.5.1 Company Footprint
11.6.5.2 Region Footprint
11.6.5.3 Offering Footprint
11.6.5.4 Application Footprint
11.6.5.5 Vertical Footprint
11.7 Company Evaluation Matrix: Startups/SMEs, 2023
11.7.1 Progressive Companies
11.7.2 Responsive Companies
11.7.3 Dynamic Companies
11.7.4 Starting Blocks
11.7.5 Competitive Benchmarking: Startups/SMEs, 2023
11.7.5.1 Detailed List of Key Startups/SMEs
11.7.5.2 Competitive Benchmarking of Key Startups/SMEs
11.8 Competitive Scenarios and Trends
11.8.1 Product Launches & Enhancements
11.8.2 Deals
11.9 Company Valuation and Financial Metrics of Key Vendors
12 Company Profiles
12.1 Introduction
12.2 Key Players
12.2.1 Microsoft
12.2.1.1 Business Overview
12.2.1.2 Products/Solutions/Services Offered
12.2.1.3 Recent Developments
12.2.1.4 Analyst's View
12.2.1.4.1 Key Strengths
12.2.1.4.2 Strategic Choices
12.2.1.4.3 Weaknesses and Competitive Threats
12.2.2 Google
12.2.2.1 Business Overview
12.2.2.2 Products/Solutions/Services Offered
12.2.2.3 Recent Developments
12.2.2.4 Analyst's View
12.2.2.4.1 Key Strengths
12.2.2.4.2 Strategic Choices
12.2.2.4.3 Weaknesses and Competitive Threats
12.2.3 IBM
12.2.3.1 Business Overview
12.2.3.2 Products/Solutions/Services Offered
12.2.3.3 Recent Developments
12.2.3.4 Analyst's View
12.2.3.4.1 Key Strengths
12.2.3.4.2 Strategic Choices
12.2.3.4.3 Weaknesses and Competitive Threats
12.2.4 AWS
12.2.4.1 Business Overview
12.2.4.2 Products/Solutions/Services Offered
12.2.4.3 Recent Developments
12.2.4.4 Analyst's View
12.2.4.4.1 Key Strengths
12.2.4.4.2 Strategic Choices
12.2.4.4.3 Weaknesses and Competitive Threats
12.2.5 Oracle
12.2.5.1 Business Overview
12.2.5.2 Products/Solutions/Services Offered
12.2.5.3 Recent Developments
12.2.5.4 Analyst's View
12.2.5.4.1 Key Strengths
12.2.5.4.2 Strategic Choices
12.2.5.4.3 Weaknesses and Competitive Threats
12.2.6 Salesforce
12.2.6.1 Business Overview
12.2.6.2 Products/Solutions/Services Offered
12.2.6.3 Recent Developments
12.2.7 Sas Institute
12.2.7.1 Business Overview
12.2.7.2 Products/Solutions/Services Offered
12.2.7.3 Recent Developments
12.2.8 Openai
12.2.8.1 Business Overview
12.2.8.2 Products/Solutions/Services Offered
12.2.8.3 Recent Developments
12.2.9 Meta
12.2.9.1 Business Overview
12.2.9.2 Products/Solutions/Services Offered
12.2.9.3 Recent Developments
12.2.10 Soundhound AI
12.2.10.1 Business Overview
12.2.10.2 Products/Solutions/Services Offered
12.2.10.3 Recent Developments
12.3 Key Players
12.3.1 Iqvia
12.3.2 Liveperson
12.3.3 Haptik
12.3.4 Kapiche
12.3.5 Rasa
12.3.6 Mindmeld
12.3.7 Hugging Face
12.3.8 Conversica
12.3.9 Expert.AI
12.3.10 Verbio Technologies
12.3.11 Wolfram
12.3.12 Cortical.Io
12.3.13 Omilia
12.3.14 Cognigy
12.3.15 Plasticity
12.4 Startups/SMEs
12.4.1 Afforai
12.4.2 Tune AI
12.4.3 Verbit.AI
12.4.4 Synthesys
12.4.5 Picovoice
12.4.6 Symbl.AI
12.4.7 Tisane Labs
12.4.8 Prosa.AI
12.4.9 Abacus.AI
12.4.10 Forethought
13 Adjacent and Related Markets
13.1 Introduction
13.2 Natural Language Processing Market - Global Forecast to 2028
13.2.1 Market Definition
13.2.2 Market Overview
13.2.2.1 Natural Language Processing Market, by Offering
13.2.2.2 Natural Language Processing Market, by Type
13.2.2.3 Natural Language Processing Market, by Application
13.2.2.4 Natural Language Processing Market, by Technology
13.2.2.5 Natural Language Processing Market, by Vertical
13.2.2.6 Natural Language Processing Market, by Region
13.3 Conversational AI Market - Global Forecast to 2030
13.3.1 Market Definition
13.3.2 Market Overview
13.3.2.1 Conversational AI Market, by Offering
13.3.2.2 Conversational AI Market, by Business Function
13.3.2.3 Conversational AI Market, by Agent Type
13.3.2.4 Conversational AI Market, by Integration Mode
13.3.2.5 Conversational AI Market, by Vertical
13.3.2.6 Conversational AI Market, by Region
14 Appendix
14.1 Discussion Guide
14.2 Knowledgestore: The Subscription Portal
14.3 Customization Options
List of Tables
Table 1 USD Exchange Rate, 2019-2023
Table 2 Primary Interviews
Table 3 Factor Analysis
Table 4 Recession Impact on Natural Language Understanding Market
Table 5 Natural Language Understanding Market Size and Growth Rate, 2019-2023 (USD Million, Y-O-Y)
Table 6 Natural Language Understanding Market Size and Growth Rate, 2024-2029 (USD Million, Y-O-Y)
Table 7 Average Selling Price Trend of Key Players for Top Three Applications
Table 8 Indicative Pricing Levels of Natural Language Understanding Solutions, by Offering
Table 9 Natural Language Understanding Market: Ecosystem
Table 10 Natural Language Understanding Market: Global Patents, 2014-2024
Table 11 Top Twenty Patent Owners in Last Ten Years, 2014-2024
Table 12 List of Patents in Natural Language Understanding Market, 2022-2024
Table 13 Natural Language Understanding Market: Detailed List of Conferences & Events, 2024-2025
Table 14 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 15 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 16 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 17 Middle East & Africa: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 18 Latin America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 19 Porter's Five Forces Impact on Natural Language Understanding Market
Table 20 Influence of Stakeholders on Buying Process for Top Three Verticals (%)
Table 21 Key Buying Criteria for Top Three Verticals
Table 22 Short-Term Roadmap (For Next Five Years)
Table 23 Long-Term Roadmap (Beyond Next Five Years)
Table 24 Natural Language Understanding Market, by Offering, 2019-2023 (USD Million)
Table 25 Natural Language Understanding Market, by Offering, 2024-2029 (USD Million)
Table 26 Natural Language Understanding Market, by Solution, 2019-2023 (USD Million)
Table 27 Natural Language Understanding Market, by Solution, 2024-2029 (USD Million)
Table 28 Solutions: Natural Language Understanding Market, by Region, 2019-2023 (USD Million)
Table 29 Solutions: Natural Language Understanding Market, by Region, 2024-2029 (USD Million)
Table 30 Platforms: Natural Language Understanding Market, by Region, 2019-2023 (USD Million)
Table 31 Platforms: Natural Language Understanding Market, by Region, 2024-2029 (USD Million)
Table 32 Software Tools & Frameworks: Natural Language Understanding Market, by Region, 2019-2023 (USD Million)
Table 33 Software Tools & Frameworks: Natural Language Understanding Market, by Region, 2024-2029 (USD Million)
Table 34 Natural Language Understanding Solutions Market, by Deployment Mode, 2019-2023 (USD Million)
Table 35 Natural Language Understanding Solutions Market, by Deployment Mode, 2024-2029 (USD Million)
Table 36 Cloud: Natural Language Understanding Market, by Region, 2019-2023 (USD Million)
Table 37 Cloud: Natural Language Understanding Market, by Region, 2024-2029 (USD Million)
Table 38 On-Premises: Natural Language Understanding Market, by Region, 2019-2023 (USD Million)
Table 39 On-Premises: Natural Language Understanding Market, by Region, 2024-2029 (USD Million)
Table 40 Natural Language Understanding Market, by Service, 2019-2023 (USD Million)
Table 41 Natural Language Understanding Market, by Service, 2024-2029 (USD Million)
Table 42 Services: Natural Language Understanding Market, by Region, 2019-2023 (USD Million)
Table 43 Services: Natural Language Understanding Market, by Region, 2024-2029 (USD Million)
Table 44 Natural Language Understanding Market, by Professional Service, 2019-2023 (USD Million)
Table 45 Natural Language Understanding Market, by Professional Service, 2024-2029 (USD Million)
Table 46 Professional Services: Natural Language Understanding Market, by Region, 2019-2023 (USD Million)
Table 47 Professional Services: Natural Language Understanding Market, by Region, 2024-2029 (USD Million)
Table 48 Training & Consulting: Natural Language Understanding Market, by Region, 2019-2023 (USD Million)
Table 49 Training & Consulting: Natural Language Understanding Market, by Region, 2024-2029 (USD Million)
Table 50 System Integration & Implementation: Natural Language Understanding Market, by Region, 2019-2023 (USD Million)
Table 51 System Integration & Implementation: Natural Language Understanding Market, by Region, 2024-2029 (USD Million)
Table 52 Support & Maintenance: Natural Language Understanding Market, by Region, 2019-2023 (USD Million)
Table 53 Support & Maintenance: Natural Language Understanding Market, by Region, 2024-2029 (USD Million)
Table 54 Managed Services: Natural Language Understanding Market, by Region, 2019-2023 (USD Million)
Table 55 Managed Services: Natural Language Understanding Market, by Region, 2024-2029 (USD Million)
Table 56 Natural Language Understanding Market, by Type, 2019-2023 (USD Million)
Table 57 Natural Language Understanding Market, by Type, 2024-2029 (USD Million)
Table 58 Rule-based: Natural Language Understanding Market, by Region, 2019-2023 (USD Million)
Table 59 Rule-based: Natural Language Understanding Market, by Region, 2024-2029 (USD Million)
Table 60 Statistical: Natural Language Understanding Market, by Region, 2019-2023 (USD Million)
Table 61 Statistical: Natural Language Understanding Market, by Region, 2024-2029 (USD Million)
Table 62 Hybrid: Natural Language Understanding Market, by Region, 2019-2023 (USD Million)
Table 63 Hybrid: Natural Language Understanding Market, by Region, 2024-2029 (USD Million)
Table 64 Natural Language Understanding Market, by Application, 2019-2023 (USD Million)
Table 65 Natural Language Understanding Market, by Application, 2024-2029 (USD Million)
Table 66 Chatbots & Virtual Assistants: Natural Language Understanding Market, by Region, 2019-2023 (USD Million)
Table 67 Chatbots & Virtual Assistants: Natural Language Understanding Market, by Region, 2024-2029 (USD Million)
Table 68 Customer Experience Management: Natural Language Understanding Market, by Region, 2019-2023 (USD Million)
Table 69 Customer Experience Management: Natural Language Understanding Market, by Region, 2024-2029 (USD Million)
Table 70 Text Analysis: Natural Language Understanding Market, by Region, 2019-2023 (USD Million)
Table 71 Text Analysis: Natural Language Understanding Market, by Region, 2024-2029 (USD Million)
Table 72 Sentiment Analysis: Natural Language Understanding Market, by Region, 2019-2023 (USD Million)
Table 73 Sentiment Analysis: Natural Language Understanding Market, by Region, 2024-2029 (USD Million)
Table 74 Ivr & Message Routing: Natural Language Understanding Market, by Region, 2019-2023 (USD Million)
Table 75 Ivr & Message Routing: Natural Language Understanding Market, by Region, 2024-2029 (USD Million)
Table 76 Data Capture: Natural Language Understanding Market, by Region, 2019-2023 (USD Million)
Table 77 Data Capture: Natural Language Understanding Market, by Region, 2024-2029 (USD Million)
Table 78 Machine Translation: Natural Language Understanding Market, by Region, 2019-2023 (USD Million)
Table 79 Machine Translation: Natural Language Understanding Market, by Region, 2024-2029 (USD Million)
Table 80 Other Applications: Natural Language Understanding Market, by Region, 2019-2023 (USD Million)
Table 81 Other Applications: Natural Language Understanding Market, by Region, 2024-2029 (USD Million)
Table 82 Natural Language Understanding Market, by Vertical, 2019-2023 (USD Million)
Table 83 Natural Language Understanding Market, by Vertical, 2024-2029 (USD Million)
Table 84 BFSI: Natural Language Understanding Market, by Region, 2019-2023 (USD Million)
Table 85 BFSI: Natural Language Understanding Market, by Region, 2024-2029 (USD Million)
Table 86 Healthcare & Life Sciences: Natural Language Understanding Market, by Region, 2019-2023 (USD Million)
Table 87 Healthcare & Life Sciences: Natural Language Understanding Market, by Region, 2024-2029 (USD Million)
Table 88 Retail & Ecommerce: Natural Language Understanding Market, by Region, 2019-2023 (USD Million)
Table 89 Retail & Ecommerce: Natural Language Understanding Market, by Region, 2024-2029 (USD Million)
Table 90 IT & ITeS: Natural Language Understanding Market, by Region, 2019-2023 (USD Million)
Table 91 IT & ITeS: Natural Language Understanding Market, by Region, 2024-2029 (USD Million)
Table 92 Transportation & Logistics: Natural Language Understanding Market, by Region, 2019-2023 (USD Million)
Table 93 Transportation & Logistics: Natural Language Understanding Market, by Region, 2024-2029 (USD Million)
Table 94 Government & Public Sector: Natural Language Understanding Market, by Region, 2019-2023 (USD Million)
Table 95 Government & Public Sector: Natural Language Understanding Market, by Region, 2024-2029 (USD Million)
Table 96 Media & Entertainment: Natural Language Understanding Market, by Region, 2019-2023 (USD Million)
Table 97 Media & Entertainment: Natural Language Understanding Market, by Region, 2024-2029 (USD Million)
Table 98 Manufacturing: Natural Language Understanding Market, by Region, 2019-2023 (USD Million)
Table 99 Manufacturing: Natural Language Understanding Market, by Region, 2024-2029 (USD Million)
Table 100 Telecommunication: Natural Language Understanding Market, by Region, 2019-2023 (USD Million)
Table 101 Telecommunication: Natural Language Understanding Market, by Region, 2024-2029 (USD Million)
Table 102 Other Verticals: Natural Language Understanding Market, by Region, 2019-2023 (USD Million)
Table 103 Other Verticals: Natural Language Understanding Market, by Region, 2024-2029 (USD Million)
Table 104 Natural Language Understanding Market, by Region, 2019-2023 (USD Million)
Table 105 Natural Language Understanding Market, by Region, 2024-2029 (USD Million)
Table 106 North America: Natural Language Understanding Market, by Country, 2019-2023 (USD Million)
Table 107 North America: Natural Language Understanding Market, by Country, 2024-2029 (USD Million)
Table 108 North America: Natural Language Understanding Market, by Offering, 2019-2023 (USD Million)
Table 109 North America: Natural Language Understanding Market, by Offering, 2024-2029 (USD Million)
Table 110 North America: Natural Language Understanding Market, by Solution, 2019-2023 (USD Million)
Table 111 North America: Natural Language Understanding Market, by Solution, 2024-2029 (USD Million)
Table 112 North America: Natural Language Understanding Market, by Deployment Mode, 2019-2023 (USD Million)
Table 113 North America: Natural Language Understanding Market, by Deployment Mode, 2024-2029 (USD Million)
Table 114 North America: Natural Language Understanding Market, by Service, 2019-2023 (USD Million)
Table 115 North America: Natural Language Understanding Market, by Service, 2024-2029 (USD Million)
Table 116 North America: Natural Language Understanding Market, by Professional Service, 2019-2023 (USD Million)
Table 117 North America: Natural Language Understanding Market, by Professional Service, 2024-2029 (USD Million)
Table 118 North America: Natural Language Understanding Market, by Type, 2019-2023 (USD Million)
Table 119 North America: Natural Language Understanding Market, by Type, 2024-2029 (USD Million)
Table 120 North America: Natural Language Understanding Market, by Application, 2019-2023 (USD Million)
Table 121 North America: Natural Language Understanding Market, by Application, 2024-2029 (USD Million)
Table 122 North America: Natural Language Understanding Market, by Vertical, 2019-2023 (USD Million)
Table 123 North America: Natural Language Understanding Market, by Vertical, 2024-2029 (USD Million)
Table 124 US: Natural Language Understanding Market, by Offering, 2019-2023 (USD Million)
Table 125 US: Natural Language Understanding Market, by Offering, 2024-2029 (USD Million)
Table 126 Canada: Natural Language Understanding Market, by Offering, 2019-2023 (USD Million)
Table 127 Canada: Natural Language Understanding Market, by Offering, 2024-2029 (USD Million)
Table 128 Europe: Natural Language Understanding Market, by Country, 2019-2023 (USD Million)
Table 129 Europe: Natural Language Understanding Market, by Country, 2024-2029 (USD Million)
Table 130 Europe: Natural Language Understanding Market, by Offering, 2019-2023 (USD Million)
Table 131 Europe: Natural Language Understanding Market, by Offering, 2024-2029 (USD Million)
Table 132 Europe: Natural Language Understanding Market, by Solution, 2019-2023 (USD Million)
Table 133 Europe: Natural Language Understanding Market, by Solution, 2024-2029 (USD Million)
Table 134 Europe: Natural Language Understanding Market, by Deployment Mode, 2019-2023 (USD Million)
Table 135 Europe: Natural Language Understanding Market, by Deployment Mode, 2024-2029 (USD Million)
Table 136 Europe: Natural Language Understanding Market, by Service, 2019-2023 (USD Million)
Table 137 Europe: Natural Language Understanding Market, by Service, 2024-2029 (USD Million)
Table 138 Europe: Natural Language Understanding Market, by Professional Service, 2019-2023 (USD Million)
Table 139 Europe: Natural Language Understanding Market, by Professional Service, 2024-2029 (USD Million)
Table 140 Europe: Natural Language Understanding Market, by Type, 2019-2023 (USD Million)
Table 141 Europe: Natural Language Understanding Market, by Type, 2024-2029 (USD Million)
Table 142 Europe: Natural Language Understanding Market, by Application, 2019-2023 (USD Million)
Table 143 Europe: Natural Language Understanding Market, by Application, 2024-2029 (USD Million)
Table 144 Europe: Natural Language Understanding Market, by Vertical, 2019-2023 (USD Million)
Table 145 Europe: Natural Language Understanding Market, by Vertical, 2024-2029 (USD Million)
Table 146 UK: Natural Language Understanding Market, by Offering, 2019-2023 (USD Million)
Table 147 UK: Natural Language Understanding Market, by Offering, 2024-2029 (USD Million)
Table 148 Germany: Natural Language Understanding Market, by Offering, 2019-2023 (USD Million)
Table 149 Germany: Natural Language Understanding Market, by Offering, 2024-2029 (USD Million)
Table 150 France: Natural Language Understanding Market, by Offering, 2019-2023 (USD Million)
Table 151 France: Natural Language Understanding Market, by Offering, 2024-2029 (USD Million)
Table 152 Spain: Natural Language Understanding Market, by Offering, 2019-2023 (USD Million)
Table 153 Spain: Natural Language Understanding Market, by Offering, 2024-2029 (USD Million)
Table 154 Italy: Natural Language Understanding Market, by Offering, 2019-2023 (USD Million)
Table 155 Italy: Natural Language Understanding Market, by Offering, 2024-2029 (USD Million)
Table 156 Rest of Europe: Natural Language Understanding Market, by Offering, 2019-2023 (USD Million)
Table 157 Rest of Europe: Natural Language Understanding Market, by Offering, 2024-2029 (USD Million)
Table 158 Asia-Pacific: Natural Language Understanding Market, by Country, 2019-2023 (USD Million)
Table 159 Asia-Pacific: Natural Language Understanding Market, by Country, 2024-2029 (USD Million)
Table 160 Asia-Pacific: Natural Language Understanding Market, by Offering, 2019-2023 (USD Million)
Table 161 Asia-Pacific: Natural Language Understanding Market, by Offering, 2024-2029 (USD Million)
Table 162 Asia-Pacific: Natural Language Understanding Market, by Solution, 2019-2023 (USD Million)
Table 163 Asia-Pacific: Natural Language Understanding Market, by Solution, 2024-2029 (USD Million)
Table 164 Asia-Pacific: Natural Language Understanding Solutions Market, by Deployment Mode, 2019-2023 (USD Million)
Table 165 Asia-Pacific: Natural Language Understanding Solutions Market, by Deployment Mode, 2024-2029 (USD Million)
Table 166 Asia-Pacific: Natural Language Understanding Market, by Service, 2019-2023 (USD Million)
Table 167 Asia-Pacific: Natural Language Understanding Market, by Service, 2024-2029 (USD Million)
Table 168 Asia-Pacific: Natural Language Understanding Market, by Professional Service, 2019-2023 (USD Million)
Table 169 Asia-Pacific: Natural Language Understanding Market, by Professional Service, 2024-2029 (USD Million)
Table 170 Asia-Pacific: Natural Language Understanding Market, by Type, 2019-2023 (USD Million)
Table 171 Asia-Pacific: Natural Language Understanding Market, by Type, 2024-2029 (USD Million)
Table 172 Asia-Pacific: Natural Language Understanding Market, by Application, 2019-2023 (USD Million)
Table 173 Asia-Pacific: Natural Language Understanding Market, by Application, 2024-2029 (USD Million)
Table 174 Asia-Pacific: Natural Language Understanding Market, by Vertical, 2019-2023 (USD Million)
Table 175 Asia-Pacific: Natural Language Understanding Market, by Vertical, 2024-2029 (USD Million)
Table 176 China: Natural Language Understanding Market, by Offering, 2019-2023 (USD Million)
Table 177 China: Natural Language Understanding Market, by Offering, 2024-2029 (USD Million)
Table 178 Japan: Natural Language Understanding Market, by Offering, 2019-2023 (USD Million)
Table 179 Japan: Natural Language Understanding Market, by Offering, 2024-2029 (USD Million)
Table 180 India: Natural Language Understanding Market, by Offering, 2019-2023 (USD Million)
Table 181 India: Natural Language Understanding Market, by Offering, 2024-2029 (USD Million)
Table 182 South Korea: Natural Language Understanding Market, by Offering, 2019-2023 (USD Million)
Table 183 South Korea: Natural Language Understanding Market, by Offering, 2024-2029 (USD Million)
Table 184 Asean: Natural Language Understanding Market, by Offering, 2019-2023 (USD Million)
Table 185 Asean: Natural Language Understanding Market, by Offering, 2024-2029 (USD Million)
Table 186 Rest of Asia-Pacific: Natural Language Understanding Market, by Offering, 2019-2023 (USD Million)
Table 187 Rest of Asia-Pacific: Natural Language Understanding Market, by Offering, 2024-2029 (USD Million)
Table 188 Middle East & Africa: Natural Language Understanding Market, by Sub-Region, 2019-2023 (USD Million)
Table 189 Middle East & Africa: Natural Language Understanding Market, by Sub-Region, 2024-2029 (USD Million)
Table 190 Middle East & Africa: Natural Language Understanding Market, by Country, 2019-2023 (USD Million)
Table 191 Middle East & Africa: Natural Language Understanding Market, by Country, 2024-2029 (USD Million)
Table 192 Middle East & Africa: Natural Language Understanding Market, by Offering, 2019-2023 (USD Million)
Table 193 Middle East & Africa: Natural Language Understanding Market, by Offering, 2024-2029 (USD Million)
Table 194 Middle East & Africa: Natural Language Understanding Market, by Solution, 2019-2023 (USD Million)
Table 195 Middle East & Africa: Natural Language Understanding Market, by Solution, 2024-2029 (USD Million)
Table 196 Middle East & Africa: Natural Language Understanding Solutions Market, by Deployment Mode, 2019-2023 (USD Million)
Table 197 Middle East & Africa: Natural Language Understanding Solutions Market, by Deployment Mode, 2024-2029 (USD Million)
Table 198 Middle East & Africa: Natural Language Understanding Market, by Service, 2019-2023 (USD Million)
Table 199 Middle East & Africa: Natural Language Understanding Market, by Service, 2024-2029 (USD Million)
Table 200 Middle East & Africa: Natural Language Understanding Market, by Professional Service, 2019-2023 (USD Million)
Table 201 Middle East & Africa: Natural Language Understanding Market, by Professional Service, 2024-2029 (USD Million)
Table 202 Middle East & Africa: Natural Language Understanding Market, by Type, 2019-2023 (USD Million)
Table 203 Middle East & Africa: Natural Language Understanding Market, by Type, 2024-2029 (USD Million)
Table 204 Middle East & Africa: Natural Language Understanding Market, by Application, 2019-2023 (USD Million)
Table 205 Middle East & Africa: Natural Language Understanding Market, by Application, 2024-2029 (USD Million)
Table 206 Middle East & Africa: Natural Language Understanding Market, by Vertical, 2019-2023 (USD Million)
Table 207 Middle East & Africa: Natural Language Understanding Market, by Vertical, 2024-2029 (USD Million)
Table 208 UAE: Natural Language Understanding Market, by Offering, 2019-2023 (USD Million)
Table 209 UAE: Natural Language Understanding Market, by Offering, 2024-2029 (USD Million)
Table 210 Saudi Arabia: Natural Language Understanding Market, by Offering, 2019-2023 (USD Million)
Table 211 Saudi Arabia: Natural Language Understanding Market, by Offering, 2024-2029 (USD Million)
Table 212 Turkey: Natural Language Understanding Market, by Offering, 2019-2023 (USD Million)
Table 213 Turkey: Natural Language Understanding Market, by Offering, 2024-2029 (USD Million)
Table 214 Qatar: Natural Language Understanding Market, by Offering, 2019-2023 (USD Million)
Table 215 Qatar: Natural Language Understanding Market, by Offering, 2024-2029 (USD Million)
Table 216 Rest of Middle East: Natural Language Understanding Market, by Offering, 2019-2023 (USD Million)
Table 217 Rest of Middle East: Natural Language Understanding Market, by Offering, 2024-2029 (USD Million)
Table 218 Latin America: Natural Language Understanding Market, by Country, 2019-2023 (USD Million)
Table 219 Latin America: Natural Language Understanding Market, by Country, 2024-2029 (USD Million)
Table 220 Latin America: Natural Language Understanding Market, by Offering, 2019-2023 (USD Million)
Table 221 Latin America: Natural Language Understanding Market, by Offering, 2024-2029 (USD Million)
Table 222 Latin America: Natural Language Understanding Market, by Solution, 2019-2023 (USD Million)
Table 223 Latin America: Natural Language Understanding Market, by Solution, 2024-2029 (USD Million)
Table 224 Latin America: Natural Language Understanding Solutions Market, by Deployment Mode, 2019-2023 (USD Million)
Table 225 Latin America: Natural Language Understanding Solutions Market, by Deployment Mode, 2024-2029 (USD Million)
Table 226 Latin America: Natural Language Understanding Market, by Service, 2019-2023 (USD Million)
Table 227 Latin America: Natural Language Understanding Market, by Service, 2024-2029 (USD Million)
Table 228 Latin America: Natural Language Understanding Market, by Professional Service, 2019-2023 (USD Million)
Table 229 Latin America: Natural Language Understanding Market, by Professional Service, 2024-2029 (USD Million)
Table 230 Latin America: Natural Language Understanding Market, by Type, 2019-2023 (USD Million)
Table 231 Latin America: Natural Language Understanding Market, by Type, 2024-2029 (USD Million)
Table 232 Latin America: Natural Language Understanding Market, by Application, 2019-2023 (USD Million)
Table 233 Latin America: Natural Language Understanding Market, by Application, 2024-2029 (USD Million)
Table 234 Latin America: Natural Language Understanding Market, by Vertical, 2019-2023 (USD Million)
Table 235 Latin America: Natural Language Understanding Market, by Vertical, 2024-2029 (USD Million)
Table 236 Brazil: Natural Language Understanding Market, by Offering, 2019-2023 (USD Million)
Table 237 Brazil: Natural Language Understanding Market, by Offering, 2024-2029 (USD Million)
Table 238 Mexico: Natural Language Understanding Market, by Offering, 2019-2023 (USD Million)
Table 239 Mexico: Natural Language Understanding Market, by Offering, 2024-2029 (USD Million)
Table 240 Argentina: Natural Language Understanding Market, by Offering, 2019-2023 (USD Million)
Table 241 Argentina: Natural Language Understanding Market, by Offering, 2024-2029 (USD Million)
Table 242 Rest of Latin America: Natural Language Understanding Market, by Offering, 2019-2023 (USD Million)
Table 243 Rest of Latin America: Natural Language Understanding Market, by Offering, 2024-2029 (USD Million)
Table 244 Overview of Strategies Adopted by Key Natural Language Understanding Vendors
Table 245 Natural Language Understanding Market: Degree of Competition
Table 246 Natural Language Understanding Market: Region Footprint
Table 247 Natural Language Understanding Market: Offering Footprint
Table 248 Natural Language Understanding Market: Application Footprint
Table 249 Natural Language Understanding Market: Vertical Footprint
Table 250 Natural Language Understanding Market: Detailed List of Key Startups/SMEs
Table 251 Natural Language Understanding Market: Competitive Benchmarking of Key Startups/SMEs
Table 252 Natural Language Understanding Market: Product Launches & Enhancements, January 2021-June 2024
Table 253 Natural Language Understanding Market: Deals, January 2021-June 2024
Table 254 Microsoft: Company Overview
Table 255 Microsoft: Products/Solutions/Services Offered
Table 256 Microsoft: Product Launches & Enhancements
Table 257 Microsoft: Deals
Table 258 Google: Company Overview
Table 259 Google: Products/Solutions/Services Offered
Table 260 Google: Product Launches & Enhancements
Table 261 Google: Deals
Table 262 IBM: Company Overview
Table 263 IBM: Products/Solutions/Services Offered
Table 264 IBM: Product Launches & Enhancements
Table 265 IBM: Deals
Table 266 AWS: Company Overview
Table 267 AWS: Products/Solutions/Services Offered
Table 268 AWS: Product Launches & Enhancements
Table 269 AWS: Deals
Table 270 Oracle: Company Overview
Table 271 Oracle: Products/Solutions/Services Offered
Table 272 Oracle: Product Launches & Enhancements
Table 273 Oracle: Deals
Table 274 Salesforce: Company Overview
Table 275 Salesforce: Products/Solutions/Services Offered
Table 276 Salesforce: Product Launches & Enhancements
Table 277 Salesforce: Deals
Table 278 Sas Institute: Company Overview
Table 279 Sas Institute: Products/Solutions/Services Offered
Table 280 Sas Institute: Product Launches & Enhancements
Table 281 Sas Institute: Deals
Table 282 Openai: Company Overview
Table 283 Openai: Products/Solutions/Services Offered
Table 284 Openai: Product Launches & Enhancements
Table 285 Openai: Deals
Table 286 Meta: Company Overview
Table 287 Meta: Products/Solutions/Services Offered
Table 288 Meta: Product Launches & Enhancements
Table 289 Meta: Deals
Table 290 Soundhound AI: Company Overview
Table 291 Soundhound AI: Products/Solutions/Services Offered
Table 292 Soundhound AI: Product Launches & Enhancements
Table 293 Soundhound AI: Deals
Table 294 Natural Language Processing Market Size and Growth Rate, 2017-2022 (USD Million, Y-O-Y)
Table 295 Natural Language Processing Market Size and Growth Rate, 2023-2028 (USD Million, Y-O-Y)
Table 296 Natural Language Processing Market, by Offering, 2017-2022 (USD Million)
Table 297 Natural Language Processing Market, by Offering, 2023-2028 (USD Million)
Table 298 Natural Language Processing Market, by Type, 2017-2022 (USD Million)
Table 299 Natural Language Processing Market, by Type, 2023-2028 (USD Million)
Table 300 Natural Language Processing Market, by Application, 2017-2022 (USD Million)
Table 301 Natural Language Processing Market, by Application, 2023-2028 (USD Million)
Table 302 Natural Language Processing Market, by Technology, 2017-2022 (USD Million)
Table 303 Natural Language Processing Market, by Technology, 2023-2028 (USD Million)
Table 304 Natural Language Processing Market, by Vertical, 2017-2022 (USD Million)
Table 305 Natural Language Processing Market, by Vertical, 2023-2028 (USD Million)
Table 306 Natural Language Processing Market, by Region, 2017-2022 (USD Million)
Table 307 Natural Language Processing Market, by Region, 2023-2028 (USD Million)
Table 308 Global Conversational AI Market Size and Growth Rate, 2019-2023 (USD Million, Y-O-Y)
Table 309 Global Conversational AI Market Size and Growth Rate, 2024-2030 (USD Million, Y-O-Y)
Table 310 Conversational AI Market, by Offering, 2019-2023 (USD Million)
Table 311 Conversational AI Market, by Offering, 2024-2030 (USD Million)
Table 312 Conversational AI Market, by Business Function, 2019-2023 (USD Million)
Table 313 Conversational AI Market, by Business Function, 2024-2030 (USD Million)
Table 314 Conversational AI Market, by Conversational Agent Type, 2019-2023 (USD Million)
Table 315 Conversational AI Market, by Conversational Agent Type, 2024-2030 (USD Million)
Table 316 Conversational AI Market, by Integration Mode, 2019-2023 (USD Million)
Table 317 Conversational AI Market, by Integration Mode, 2024-2030 (USD Million)
Table 318 Conversational AI Market, by Vertical, 2019-2023 (USD Million)
Table 319 Conversational AI Market, by Vertical, 2024-2030 (USD Million)
Table 320 Conversational AI Market, by Region, 2019-2023 (USD Million)
Table 321 Conversational AI Market, by Region, 2024-2030 (USD Million)
List of Figures
Figure 1 Natural Language Understanding Market: Research Design
Figure 2 Natural Language Understanding (Nlu) Market: Data Triangulation
Figure 3 Top-Down and Bottom-Up Approaches
Figure 4 Market Size Estimation Methodology - Approach 1 (Supply-Side): Revenue of Nlu Market Solutions/Services
Figure 5 Market Size Estimation Methodology - Approach 2, Bottom-Up (Supply-Side): Collective Revenue of All Nlu Market Solutions/ Services
Figure 6 Market Size Estimation Methodology - Approach 3, Bottom-Up (Supply-Side): Collective Revenue from All Nlu Market Solutions/Services
Figure 7 Market Size Estimation Methodology - Approach 4, Bottom-Up (Demand-Side): Share of Nlu Market Through Overall Nlu Market Spending
Figure 8 Solutions Segment to Hold Larger Market Share Than Services Segment in 2024
Figure 9 Software Tools & Frameworks Segment to Lead Market in 2024
Figure 10 Cloud Segment to Hold Larger Market Share Than On-Premises Segment in 2024
Figure 11 Professional Services Segment to Hold Larger Market Share Than Managed Services Segment in 2024
Figure 12 System Integration & Implementation Segment to Lead Market in 2024
Figure 13 Statistical Segment to Lead Market in 2024
Figure 14 Text Analysis Segment to Account for Largest Market Size in 2024
Figure 15 Healthcare & Lifesciences Segment to Register Highest CAGR During Forecast Period
Figure 16 Asia-Pacific to Register Highest CAGR During Forecast Period
Figure 17 Rising Demand for Personalized Interactions to Drive Market
Figure 18 Healthcare & Life Sciences Segment to Register Highest CAGR During Forecast Period
Figure 19 Solutions and BFSI Segments to Account for Largest Market Shares In 2024
Figure 20 North America to Account for Largest Market Share in 2024
Figure 21 Natural Language Understanding Market: Market Drivers, Restraints, Opportunities, and Challenges
Figure 22 Trends/Disruptions Impacting Customers’ Businesses
Figure 23 Average Selling Price Trend of Key Players for Top Three Applications
Figure 24 Natural Language Understanding Market: Supply Chain Analysis
Figure 25 Key Players in Natural Language Understanding Market Ecosystem
Figure 26 Annual Number of Patents Granted Over Last 10 Years, 2014-2024
Figure 27 Top Ten Companies with Highest Percentage of Patent Applications for Natural Language Understanding Market, 2014-2024
Figure 28 Regional Analysis of Patents Granted for Natural Language Understanding Market, 2014-2024
Figure 29 Porter's Five Forces Analysis: Natural Language Understanding Market
Figure 30 Influence of Stakeholders on Buying Process for Top Three Verticals
Figure 31 Key Buying Criteria for Top Three Verticals
Figure 32 Evolution of Natural Language Understanding Market
Figure 33 Natural Language Understanding Market: Investment Landscape
Figure 34 Services Segment to Grow at Higher CAGR During Forecast Period
Figure 35 Software Tools & Frameworks to Hold Larger Market Size of Nlu Solutions
Figure 36 On-Premises Segment to Grow at Higher CAGR During Forecast Period
Figure 37 Managed Services to Grow at Higher CAGR During Forecast Period
Figure 38 Training & Consulting Services Segment to Grow at Highest CAGR During Forecast Period
Figure 39 Hybrid Segment to Grow at Higher CAGR During Forecast Period
Figure 40 Sentiment Analysis Segment to Grow at Higher CAGR During Forecast Period
Figure 41 Healthcare & Lifesciences Segment to Grow at Highest CAGR During Forecast Period
Figure 42 India to Witness Highest CAGR During Forecast Period
Figure 43 Asia-Pacific to Register Highest CAGR During Forecast Period
Figure 44 North America: Natural Language Understanding Market Snapshot
Figure 45 Asia-Pacific: Natural Language Understanding Market Snapshot
Figure 46 Revenue Analysis for Key Companies in Past 5 Years
Figure 47 Natural Language Understanding Market: Market Share Analysis
Figure 48 Brand/Product Comparative Analysis
Figure 49 Natural Language Understanding Market: Company Evaluation Matrix (Key Players), 2023
Figure 50 Natural Language Understanding Market: Company Footprint
Figure 51 Natural Language Understanding Market: Company Evaluation Matrix (Startups/SMEs), 2023
Figure 52 Company Valuation and Financial Metrics of Key Vendors
Figure 53 Year-To-Date (Ytd) Price Total Return and 5-Year Stock Beta of Key Vendors
Figure 54 Microsoft: Company Snapshot
Figure 55 Google: Company Snapshot
Figure 56 IBM: Company Snapshot
Figure 57 AWS: Company Snapshot
Figure 58 Oracle: Company Snapshot
Figure 59 Salesforce: Company Snapshot
Figure 60 Meta: Company Snapshot
Figure 61 Soundhound AI: Company Snapshot

Companies Mentioned

  • Microsoft
  • Google
  • IBM
  • AWS
  • Oracle
  • Salesforce
  • Sas Institute
  • Openai
  • Meta
  • Soundhound AI
  • Iqvia
  • Liveperson
  • Haptik
  • Kapiche
  • Rasa
  • Mindmeld
  • Hugging Face
  • Conversica
  • Expert.AI
  • Verbio Technologies
  • Wolfram
  • Cortical.Io
  • Omilia
  • Cognigy
  • Plasticity
  • Afforai
  • Tune AI
  • Verbit.AI
  • Synthesys
  • Picovoice
  • Symbl.AI
  • Tisane Labs
  • Prosa.AI
  • Abacus.AI
  • Forethought

Table Information