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The natural language processing market is forecasted to grow by USD 125.82 billion during 2023-2028, accelerating at a CAGR of 42.93% during the forecast period. The report on the 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.Speak directly to the analyst to clarify any post sales queries you may have.
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 growing demand for nlp applications, advancements in machine learning and deep learning algorithms, and increasing need for automated language processing.
The natural language processing market is segmented as below:
By Component
- Solution
- Services
By Deployment
- On-premises
- Cloud
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
The report on the natural language processing market covers the following areas:
- Natural language processing market sizing
- Natural language processing market forecast
- Natural language processing market industry analysis
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 and vendor landscape in addition to an analysis of the key vendors.
The report 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.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Component
7 Market Segmentation by Deployment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global natural language processing market: 3M Co., Alphabet Inc., Amazon.com Inc., Apple Inc., Baidu Inc., Cerebras, Edifecs Inc., Hewlett Packard Enterprise Co, Inbenta Holdings Inc., International Business Machines Corp., IQVIA Holdings Inc., Liveperson Inc., Meta Platforms Inc., Microsoft Corp., NetBase Solutions Inc., OpenAI L.L.C., Oracle Corp., SAP SE, SAS Institute Inc., and SoundHound AI Inc..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is advancements in conversational ai."
According to the report, one of the major drivers for this market is the growing demand for nlp applications.
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 and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 3M Co.
- Alphabet Inc.
- Amazon.com Inc.
- Apple Inc.
- Baidu Inc.
- Cerebras
- Edifecs Inc.
- Hewlett Packard Enterprise Co
- Inbenta Holdings Inc.
- International Business Machines Corp.
- IQVIA Holdings Inc.
- Liveperson Inc.
- Meta Platforms Inc.
- Microsoft Corp.
- NetBase Solutions Inc.
- OpenAI L.L.C.
- Oracle Corp.
- SAP SE
- SAS Institute Inc.
- SoundHound AI Inc.
