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Global Natural Language Processing (NLP) Market – Industry Trends and Forecast to 2028

  • ICT
  • Upcoming Report
  • Apr 2021
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Natural Language Processing (NLP) Market, By Component (Solutions, Services),  Type (Rule-Based, Statistical, Hybrid ), Processing Type (Text, Speech/Voice, Image), Technology (Recognition Technologies, Operational Technologies, Analytics Technologies), Deployment Mode (On-Premises, Cloud), Organization Size (Large Enterprises and Small and Medium Enterprises), End User (Banking, Financial Services, and Insurance, Healthcare and Life Sciences, IT and Telecom, Government and Public Sector, Energy and Utilities, Retail and E-Commerce, Manufacturing, Transportation and Logistics, Others), Application (Sentiment Analysis, Machine Translation, Data Extraction,  Risk and Threat Detection, Automatic Summarization, Question Answering, Content Management, Report Generation, Language Scoring, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028

Natural Language Processing (NLP) Market Market Analysis and Insights : Global Natural Language Processing (NLP) Market    

The natural language processing (NLP) market size is valued at USD 50.62 billion by 2028 is expected to grow at a compound annual growth rate of 20.10% in the forecast period of 2021 to 2028. Data Bridge Market Research report on natural language processing (NLP) provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.

Natural language processing (NLP) is a kind of a computer application under artificial intelligence which can understand human language. This computerized procedure allows human communication to be analyzed and interpreted by the computer, based on set of theories and technologies

The increase in the usage of smart devices to facilitate smart environments is expected to influence the growth of natural language processing (NLP) market over the forecast period of 2021 to 2028. Also the high demand for cloud-based NLP solutions to reduce overall costs and better scalability is also anticipated to flourish the growth of the natural language processing (NLP) market. Furthermore, the rapid urge of predictive analytics to reduce risks and identify growth opportunities is also likely to positively impact the growth of the market. Moreover, rapid increase in scope and usage of IT and automation across the world is also expected create a huge demand for natural language processing (NLP)as well as lifting the growth of the natural language processing (NLP) market.

However, the various complexities due to the usage of code-mixed language while implementing NLP solutions and restrictions in the development of NLP technology using neural networks restricting the usage of cloud-based services are expected to act as the major limitations for the growth of natural language processing (NLP) in the above mentioned forecasted period, whereas the regulatory and privacy concerns over data security can challenge the natural language processing (NLP) market growth in the forecast period of 2021 to 2028.

Likewise, the rise in investments in the healthcare vertical and the increase in the adoption of NLP-based applications across verticals to enhance customer experience are expected to create various new opportunities that will lead to the growth of the natural language processing (NLP) market in the above mentioned forecasted period.

This natural language processing (NLP) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the natural language processing (NLP) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Natural Language Processing (NLP) Market Scope and Market Size

The natural language processing (NLP) market is segmented on the basis of component, type, processing type, technology, deployment mode, organization size, end user and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

  • The component segment of the natural language processing (NLP) market is segmented into solutions, and services. Solutions have further been segmented into software tools and platforms. Services have further been segmented into professional services and managed services. Professional services have been further sub-segmented into consulting, system integration and implementation and support and maintenance.
  • On the basis of type, the natural language processing (NLP) market is segmented into rule-based, statistical and hybrid.
  • Based on processing type, the natural language processing (NLP) market is segmented into text, speech/voice and image.
  • On the basis of technology, the natural language processing (NLP) market is segmented into recognition technologies, operational technologies and analytics technologies.
  • Based on deployment mode, the natural language processing (NLP) market is segmented into on-premises and cloud.
  • On the basis of organization size, the natural language processing (NLP) market is segmented into large enterprises and small and medium enterprises.
  • Based on end user, the natural language processing (NLP) market is segmented into banking, financial services, and insurance, healthcare and life sciences, IT and telecom, government and public sector, energy and utilities, retail and e-commerce, manufacturing, transportation and logistics and others. Others have further been segmented into education, travel and hospitality and media and entertainment.
  • The application segment of the natural language processing (NLP) market is segmented into sentiment analysis, machine translation, data extraction, risk and threat detection, automatic summarization, question answering, content management, report generation, language scoring and others. Others have further been segmented into portfolio monitoring, HR and recruiting and branding and advertising.

Natural Language Processing (NLP) Market Country Level Analysis

The natural language processing (NLP) market is analyzed and market size, volume information is provided by country, component, type, processing type, technology, deployment mode, organization size, end user and application as referenced above.

The countries covered in the natural language processing (NLP)market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).

North America leads the natural language processing (NLP) market due to the rapid improvement in cloud computing platforms. Asia-Pacific is expected to expand at a significant growth rate of over the forecast period of 2021 to 2028 owing to the rise in awareness and rapid increase in AI investments.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Natural Language Processing (NLP) Market Share Analysis

The natural language processing (NLP) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to natural language processing (NLP) market.

The major players covered in the natural language processing (NLP) market report are IBM, Wipro Limited, Microsoft, Google, Amazon Web Services, Inc., Facebook, Apple Inc., 3M, Intel Corporation, SAS Institute Inc., Inbenta Technologies Inc., Veritone, Inc., Dolbey, Narrative Science, Bitext, Health Fidelity, Inc., Linguamatics, Conversica, Inc., SparkCognition, and RaGaVeRa Indic Technologies Pvt Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Customization Available : Global Natural Language Processing (NLP) Market

Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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