The future of the global natural language processing (NLP) technology in the global artificial intelligence market looks promising with opportunities in the BFSI, IT & telecom, retail and ecommerce, healthcare and life science, transportation & logistic, government & public sector, media & entertainment, and manufacturing end use industries. The natural language processing (NLP) technology in the global artificial intelligence market is expected to reach an estimated $7.3 billion by 2028 with a CAGR of 15.9% from 2023 to 2028. The major drivers for this market are rapid acceptance of smart devices, growing demand for advanced text analytics, and emerging requirement for data management owing to increasing complexity in major businesses.
The study includes trends and forecast for natural language processing (NLP) technology in the global artificial intelligence market by component, type, deployment, application, end use industry, and region, as follows:
Within this market, BFSI will remain the largest end use industry segment from 2023 to 2028 because it helps the companies in mitigating risk through information retrieval, intent parsing, customer services, and compliance process automation.
North America will remain the largest region during the forecast period due to the presence of AI and machine learning (ML) technology, increasing R&D activities, and ongoing advancements in cloud computing platforms in the region.
Answer: The global artificial intelligence market in terms of natural language processing (NLP) technology usage is expected to reach an estimated $7.3 billion by 2028.
Q2. What is the growth forecast for natural language processing (NLP) technology in the artificial intelligence market?
Answer: The global artificial intelligence market in terms of natural language processing (NLP) technology usage is expected to grow with a CAGR of 15.9% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the natural language processing (NLP) technology in the artificial intelligence market?
Answer: The major drivers for this market are the rapid acceptance of smart devices, growing demand for advanced text analytics, and emerging requirement for data management owing to increasing complexity in major businesses.
Q4. What are the major segments for natural language processing (NLP) technology in the artificial intelligence market?
Answer: The future of the natural language processing (NLP) technology in the global artificial intelligence market looks promising with opportunities in the BFSI, IT & telecom, retail and ecommerce, healthcare and life science, transportation & logistic, government & public sector, media & entertainment, and manufacturing end use industries.
Q5. Who are the key natural language processing (NLP) technology companies in the global artificial intelligence market?
Answer: Some of the key natural language processing (NLP) technology companies in the global artificial intelligence market are as follows:
Answer: The analyst forecasts that on-premise will remain the larger deployment segment over the forecast period because it ensures full control, visibility, and authentication security controls over data.
Q7. In natural language processing (NLP) technology in artificial intelligence market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region during the forecast period due to the presence of AI and machine learning (ML) technology, increasing R&D activities, and ongoing advancements in cloud computing platforms in the region.
Q8. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% Customization Without any Additional Cost.
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity did occur in the last five years and how did they impact the industry?
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Natural Language Processing (NLP) Technology in Artificial Intelligence Market
A more than 150-page report is developed to help in your business decisions.The study includes trends and forecast for natural language processing (NLP) technology in the global artificial intelligence market by component, type, deployment, application, end use industry, and region, as follows:
Natural Language Processing (NLP) Technology in Artificial Intelligence Market by Component [Value ($B) Shipment Analysis from 2017 to 2028]:
- Solutions
- Services
Natural Language Processing (NLP) Technology in Artificial Intelligence Market by Type [Value ($B) Shipment Analysis from 2017 to 2028]:
- Statistical NLP
- Rule Based NLP
- Hybrid NLP
Natural Language Processing (NLP) Technology in Artificial Intelligence Market by Deployment [Value ($B) Shipment Analysis from 2017 to 2028]:
- On-Premises
- Cloud
Natural Language Processing (NLP) Technology in Artificial Intelligence Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
- Customer Experience Management
- Virtual Assistants/Chatbots
- Social Media Monitoring
- Sentiment Analysis
- Text Clarification & Summarization
- Employee Onboarding & Recruiting
- Others
Natural Language Processing (NLP) Technology in Artificial Intelligence Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:
- BFSI
- IT & Telecom
- Retail and Ecommerce
- Healthcare and Life Sciences
- Transportation & Logistics
- Government & Public Sector
- Media & Entertainment
- Manufacturing
- Others
Natural Language Processing (NLP) Technology in Artificial Intelligence Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Natural Language Processing (NLP) Technology in Artificial Intelligence Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, natural language processing (NLP) technology in artificial intelligence companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the natural language processing (NLP) technology companies in the global artificial intelligence market in this report include-- 3M
- Apple
- AWS
- Baidu
- Google LLC
- IBM Corporation
- Meta
- Microsoft
- Oracle
- Inbenta
- IQVIA
Natural Language Processing (NLP) Technology in Artificial Intelligence Market Insights
The analyst forecasts that on-premise will remain the larger deployment segment over the forecast period because it ensures full control, visibility, and authentication security controls over data.Within this market, BFSI will remain the largest end use industry segment from 2023 to 2028 because it helps the companies in mitigating risk through information retrieval, intent parsing, customer services, and compliance process automation.
North America will remain the largest region during the forecast period due to the presence of AI and machine learning (ML) technology, increasing R&D activities, and ongoing advancements in cloud computing platforms in the region.
Features of the Natural Language Processing (NLP) Technology in Artificial Intelligence Market
- Market Size Estimates: Natural language processing (NLP) technology in artificial intelligence market size estimation in terms of value ($B)
- Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
- Segmentation Analysis: Natural language processing (NLP) technology in the artificial intelligence market size by various segments, such as by component, type, deployment, application, end use industry, and region
- Regional Analysis:Natural language processing (NLP) technology in artificial intelligence market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different components, types, deployments, applications, end use industries, and regions for the natural language processing (NLP) technology in the artificial intelligence market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the natural language processing (NLP) technology in the artificial intelligence market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQS
Q1. What is the global artificial intelligence market size in terms of natural language processing (NLP) technology usage?Answer: The global artificial intelligence market in terms of natural language processing (NLP) technology usage is expected to reach an estimated $7.3 billion by 2028.
Q2. What is the growth forecast for natural language processing (NLP) technology in the artificial intelligence market?
Answer: The global artificial intelligence market in terms of natural language processing (NLP) technology usage is expected to grow with a CAGR of 15.9% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the natural language processing (NLP) technology in the artificial intelligence market?
Answer: The major drivers for this market are the rapid acceptance of smart devices, growing demand for advanced text analytics, and emerging requirement for data management owing to increasing complexity in major businesses.
Q4. What are the major segments for natural language processing (NLP) technology in the artificial intelligence market?
Answer: The future of the natural language processing (NLP) technology in the global artificial intelligence market looks promising with opportunities in the BFSI, IT & telecom, retail and ecommerce, healthcare and life science, transportation & logistic, government & public sector, media & entertainment, and manufacturing end use industries.
Q5. Who are the key natural language processing (NLP) technology companies in the global artificial intelligence market?
Answer: Some of the key natural language processing (NLP) technology companies in the global artificial intelligence market are as follows:
- 3M
- Apple
- AWS
- Baidu
- Google LLC
- IBM Corporation
- Meta
- Microsoft
- Oracle
- Inbenta
- IQVIA
Answer: The analyst forecasts that on-premise will remain the larger deployment segment over the forecast period because it ensures full control, visibility, and authentication security controls over data.
Q7. In natural language processing (NLP) technology in artificial intelligence market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region during the forecast period due to the presence of AI and machine learning (ML) technology, increasing R&D activities, and ongoing advancements in cloud computing platforms in the region.
Q8. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% Customization Without any Additional Cost.
This report answers the following 11 key questions
Q.1. What are some of the most promising, high-growth opportunities for the natural language processing (NLP) technology in the global artificial intelligence market by component (solutions and services), type (statistical NLP, rule based NLP, and hybrid NLP), deployment (on-premises and cloud), application (customer experience management, virtual assistants/chatbots, social media monitoring, sentiment analysis, text clarification & summarization, employee onboarding & recruiting, and others), end use industry (BFSI, IT & telecom, retail and ecommerce, healthcare and life sciences, transportation & logistics, government & public sector, media & entertainment, manufacturing, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity did occur in the last five years and how did they impact the industry?
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Global Natural Language Processing (NLP) Technology in Artificial Intelligence Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2017 to 2028
4. Market Trends and Forecast Analysis by Region from 2017 to 2028
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- 3M
- Apple
- AWS
- Baidu
- Google LLC
- IBM Corporation
- Meta
- Microsoft
- Oracle
- Inbenta
- IQVIA
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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