Driving assessment

Natural Language Processing (NLP) Industry Assessment and Forecast 2022-2027 by Type, Technology, Mode of Deployment, Organization Size, End User and Region – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Natural Language Processing (NLP) Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” report has been added to from ResearchAndMarkets.com offer.

The global natural language processing (NLP) market reached a value of US$14.27 billion in 2021. Going forward, the market is expected to reach a value of US$61.03 billion by 2027, with a CAGR of 26.60% in 2022-2027.

Bearing in mind the uncertainties associated with COVID-19, we continuously monitor and assess the direct and indirect influence of the pandemic. This information is included in the report as a major market contributor.

NLP helps organizations improve the customer experience, streamline business operations, simplify critical processes, and increase overall productivity. As a result, companies are rapidly adopting NLP solutions to improve their internal and external operations.

Moreover, the increasing digitization of data and the growing use of internet and connected devices are increasing the demand for products. Furthermore, the growing demand for advanced data analytics coupled with significant advancements in the areas of image and speech recognition is also catalyzing the growth of the market.

Additionally, there has been widespread adoption of NLP in healthcare and call centers to manage massive volumes of generated data. Additionally, several social media platforms use text analytics and NLP technologies to manage published content and monitor activities, such as hate speech and political criticism, which provide lucrative growth opportunities to the market. .

Other factors including increasing sales of smart devices, emerging NLP applications in various industries, increasing investment in AI, and rising popularity of voice solutions are also driving the market growth.

Key market segmentation

This report provides an analysis of the main trends in each sub-segment of the global natural language processing (NLP) market, as well as forecasts at the global, regional and country levels from 2022 to 2027. The report has categorized the market according to the type, technology, mode of deployment, size of organization and end user.

Breakdown by type

  • Equipment

  • Software

  • Services

Break by technology

  • Interactive voice response

  • Optical character recognition

  • Text analysis

  • Speech analysis

  • Classification and categorization

  • Pattern and image recognition

  • Others

Breakdown by deployment mode

Breakdown by organization size

  • Large companies

  • Small and medium enterprises

Breakdown by end user

  • Education

  • BFSI

  • Health care

  • IT and Telecom

  • Manufacturing and retail

  • Media and Entertainment

  • Others

Breakdown by region

  • North America

  • Asia Pacific

  • Europe

  • Latin America

  • Middle East and Africa

Competitive landscape

The competitive landscape of the industry has also been reviewed, along with the profiles of key players, namely:

  • 3M Company

  • Apple Inc.

  • FUJIFILM Holdings Corporation

  • Google LLC (Alphabet Inc.)

  • intel company

  • International Commercial Machinery Society

  • Meta Platforms Inc.

  • Microsoft Corporation

  • NetBase Solutions Inc.

  • Nokia Company

  • SAS Institute Inc.

  • Verint systems.

Key questions answered by this report

  • How has the global natural language processing (NLP) market performed so far and how will it perform in the coming years?

  • What has been the impact of COVID-19 on the global natural language processing (NLP) market?

  • What are the main regional markets?

  • What is the market breakdown by type?

  • What is the shattering of the technology-based market?

  • What is the market breakdown by deployment mode?

  • What is the market breakdown by organization size?

  • What is the market breakdown by end user?

  • What are the different stages of the industry value chain?

  • What are the key drivers and challenges in the industry?

  • What is the structure of the global natural language processing (NLP) market and who are the key players?

  • How competitive is the industry?

For more information on this report, visit https://www.researchandmarkets.com/r/e8h734