USA Natural Language Processing (NLP) Market Analysis 2020-2030
The USA natural language processing (NLP) market is anticipated to grow with a CAGR of 27.54% during the forecast period, i.e., 2021-2030. Factors such as the growing demand for natural language processing in various end-use industries, backed by the numerous benefits associated with the technology, along with the rising support of the government of the nation for the greater use of artificial intelligence, are expected to boost the market growth. NLP possesses numerous benefits for businesses who are adopting the technology. As NLP technology is highly scalable, affordable and has high computational power, hence, it significantly helps businesses to lower operational costs and also enhance productivity. The USA natural language processing (NLP) market is estimated to garner a revenue of more than USD 34250 Million by the end of 2030, up from a revenue of near to USD 3180 Million in the year 2020.
The USA natural language processing (NLP) market is segmented by numerous segments, which include segmentation by component, deployment, enterprise size, type, language, application, and by end-use industry. By type, the market is segmented into rule-based, statistical, and hybrid. Amongst these, the statistical segment is projected to display the largest revenue of about USD 17290 Million by the end of 2030, by growing up from a revenue of close to USD 1120 Million in the year 2020.
Some of the prominent industry leaders in the USA natural language processing (NLP) market that are included in our report are Microsoft Corporation, Amazon.com, Inc., Alphabet Inc., Intel Corporation, NVIDIA Corporation, IBM Corporation, Micro Focus International plc, SAS Institute Inc., TaskUs, Inc., Netomi, AG Labs, Inc., Mynd Integrated Solutions, Cogito Tech LLC, and others.
Table of Contents
1. Market Definition and Research Methodology
3. Market Dynamics
10. Competitive Landscape
11. USA Natural Language Processing (NLP) Market
Companies Mentioned
- Microsoft Corporation
- Amazon.com Inc.
- Alphabet Inc.
- Intel Corporation
- NVIDIA Corporation
- IBM Corporation
- Micro Focus International plc
- SAS Institute Inc.
- TaskUs Inc.
- Netomi
- AG Labs Inc.
- Mynd Integrated Solutions
- Cogito Tech LLC
