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Global Natural Language Understanding Market Size Study, by Offering (Solutions, Services), by Type (Rule-Based, Statistical, Hybrid), by Application (Chatbots & Virtual Assistants, Sentiment Analysis, Text Analysis, Others), by End-Use (Retail & E-commer

Publisher Bizwit Research & Consulting
Published Jan 11, 2025
Length 285 Pages
SKU # BIZW19502857

Description

Global Natural Language Understanding Market Size Study, by Offering (Solutions, Services), by Type (Rule-Based, Statistical, Hybrid), by Application (Chatbots & Virtual Assistants, Sentiment Analysis, Text Analysis, Others), by End-Use (Retail & E-commerce, BFSI, Healthcare & Life Sciences, Others), and Regional Forecasts 2022-2032


The global natural language understanding (NLU) market is projected to grow significantly, reaching a valuation of USD 128.29 billion by 2032, expanding from USD 15.14 billion in 2023 at an impressive CAGR of 26.8% during the forecast period of 2024-2032. The increasing demand for conversational AI solutions, such as chatbots and virtual assistants, is a key driver of market expansion. These technologies enable businesses to streamline operations, provide exceptional customer experiences, and reduce human intervention in repetitive tasks.

Advancements in machine learning algorithms, particularly in models like GPT-4 and BERT, have transformed the capabilities of NLU systems. These breakthroughs enhance accuracy, context-aware processing, and scalability, catering to the growing need for advanced analytics across industries. Additionally, the integration of hybrid approaches combining rule-based and statistical methods is emerging as a solution for tackling complex linguistic challenges.

Regionally, North America dominates the market due to its robust AI infrastructure and significant investments in research and development. Simultaneously, the Asia Pacific region is witnessing exponential growth driven by rapid digitalization and increased adoption of localized NLU technologies. Leading market players such as Google LLC, IBM Corporation, and Microsoft are spearheading innovations and strategic collaborations to solidify their market positions and address evolving industry demands.

Major Market Players Included in This Report:
• Google LLC
• Microsoft
• IBM Corporation
• Amazon.com, Inc.
• Salesforce, Inc.
• NVIDIA Corporation
• OpenAI
• SAP SE
• Nuance Communications
• Hugging Face, Inc.
• PKSHA Technology Inc.
• Kakao Healthcare
• Infosys Ltd
• Reddit Inc.
• OpenAI

The Detailed Segments and Sub-Segments of the Market Are Explained Below:

By Offering:
• Solutions
• Services

By Type:
• Rule-Based
• Statistical
• Hybrid

By Application:
• Chatbots & Virtual Assistants
• Sentiment Analysis
• Text Analysis
• Customer Experience Management (CXM)
• Data Capture
• Others

By End-Use:
• Retail & E-commerce
• Healthcare & Life Sciences
• BFSI
• IT & Telecommunications
• Media & Entertainment
• Others

By Region:
• North America
U.S.
Canada
Mexico
• Europe
UK
Germany
France
• Asia Pacific
China
Japan
India
South Korea
Australia
• Latin America
Brazil
• Middle East & Africa
KSA
UAE
South Africa

Years Considered for the Study:
• Historical Data: 2022, 2023
• Base Year: 2023
• Forecast Period: 2024-2032

Key Takeaways
• Global market valuation projected to reach USD 65.92 billion by 2032, growing at a CAGR of 20.2% from 2024 to 2032.
• Chatbots & Virtual Assistants dominate the application segment, driven by demand for automated and personalized customer interactions.
• North America leads the market with a share of 42.1% in 2023, while the Asia Pacific region is expected to grow at the fastest CAGR.
• Advancements in AI models like GPT-4 and BERT enhance NLU accuracy and scalability.
• Strategic collaborations and acquisitions by major players like Google LLC, IBM Corporation, and Microsoft fuel market innovation and expansion.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.

Table of Contents

285 Pages
Chapter 1. Global Natural Language Understanding Market Executive Summary
1.1. Global Natural Language Understanding Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Offering
1.3.2. By Type
1.3.3. By Application
1.3.4. By End-Use
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Natural Language Understanding Market Definition and Research Assumptions
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability (Consumer Perspective)
2.3.4. Demand Side Analysis
2.3.4.1. Technological Advancements
2.3.4.2. Environmental Considerations
2.3.4.3. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates
Chapter 3. Global Natural Language Understanding Market Dynamics
3.1. Market Drivers
3.1.1. Increasing Demand for Conversational AI
3.1.2. Advancements in AI and Machine Learning Models
3.1.3. Growing Need for Data Analysis from Unstructured Sources
3.2. Market Challenges
3.2.1. High Costs of Implementation and Integration
3.2.2. Issues with Multilingual and Cultural Adaptation
3.3. Market Opportunities
3.3.1. Emerging Applications in Healthcare and Retail
3.3.2. Integration with IoT Devices and Smart Systems
Chapter 4. Global Natural Language Understanding Market Industry Analysis
4.1. Porter’s Five Forces Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Winning Strategies
4.5. Analyst Insights
Chapter 5. Global Natural Language Understanding Market Size & Forecasts by Offering (2022-2032)
5.1. Segment Dashboard
5.2. Global Natural Language Understanding Market: Offering Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
5.2.1. Solutions
5.2.2. Services
Chapter 6. Global Natural Language Understanding Market Size & Forecasts by Type (2022-2032)
6.1. Segment Dashboard
6.2. Global Natural Language Understanding Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
6.2.1. Rule-Based
6.2.2. Statistical
6.2.3. Hybrid
Chapter 7. Global Natural Language Understanding Market Size & Forecasts by Application (2022-2032)
7.1. Segment Dashboard
7.2. Global Natural Language Understanding Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
7.2.1. Chatbots & Virtual Assistants
7.2.2. Sentiment Analysis
7.2.3. Text Analysis
7.2.4. Customer Experience Management (CXM)
7.2.5. Data Capture
7.2.6. Others
Chapter 8. Global Natural Language Understanding Market Size & Forecasts by End-Use (2022-2032)
8.1. Segment Dashboard
8.2. Global Natural Language Understanding Market: End-Use Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
8.2.1. Retail & E-commerce
8.2.2. Healthcare & Life Sciences
8.2.3. BFSI
8.2.4. IT & Telecommunications
8.2.5. Media & Entertainment
8.2.6. Others
Chapter 9. Global Natural Language Understanding Market Size & Forecasts by Region (2022-2032)
9.1. North America Natural Language Understanding Market
9.1.1. U.S.
9.1.2. Canada
9.1.3. Mexico
9.2. Europe Natural Language Understanding Market
9.2.1. UK
9.2.2. Germany
9.2.3. France
9.3. Asia Pacific Natural Language Understanding Market
9.3.1. China
9.3.2. Japan
9.3.3. India
9.3.4. South Korea
9.3.5. Australia
9.4. Latin America Natural Language Understanding Market
9.4.1. Brazil
9.5. Middle East & Africa Natural Language Understanding Market
9.5.1. KSA
9.5.2. UAE
9.5.3. South Africa
Chapter 10. Competitive Intelligencs
10.1. Key Company SWOT Analysis
10.1.1. Google LLC
10.1.2. Microsoft Corporation
10.1.3. International Business Machines Corporation
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. Google LLC
10.3.1.1. Key Information
10.3.1.2. Overview
10.3.1.3. Financial (Subject to Data Availability)
10.3.1.4. Product Summary
10.3.1.5. Market Strategies
10.3.2. Microsoft Corporation
10.3.3. International Business Machines Corporation
10.3.4. Amazon.com, Inc.
10.3.5. Salesforce, Inc.
10.3.6. NVIDIA Corporation
10.3.7. OpenAI
10.3.8. SAP SE
10.3.9. Nuance Communications
10.3.10. Hugging Face, Inc.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
List of Tables
TABLE 1. Global Natural Language Understanding Market, Report Scope
TABLE 2. Global Natural Language Understanding Market Estimates & Forecasts by Region, 2022-2032 (USD Million/Billion)
TABLE 3. Global Natural Language Understanding Market Estimates & Forecasts by Offering, 2022-2032 (USD Million/Billion)
TABLE 4. Global Natural Language Understanding Market Estimates & Forecasts by Type, 2022-2032 (USD Million/Billion)
TABLE 5. Global Natural Language Understanding Market Estimates & Forecasts by Application, 2022-2032 (USD Million/Billion)
TABLE 6. Global Natural Language Understanding Market Estimates & Forecasts by End-Use, 2022-2032 (USD Million/Billion)
TABLE 7. U.S. Natural Language Understanding Market Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 8. China Natural Language Understanding Market Estimates & Forecasts, 2022-2032 (USD Million/Billion)
This list is not complete; the final report contains more than 100 tables. The list may be updated in the final deliverable.
List of Figures
FIGURE 1. Global Natural Language Understanding Market, Research Methodology
FIGURE 2. Global Natural Language Understanding Market, Market Estimation Techniques
FIGURE 3. Global Natural Language Understanding Market, Key Trends 2023
FIGURE 4. Global Natural Language Understanding Market, Growth Prospects 2022-2032
FIGURE 5. Global Natural Language Understanding Market, Porters Five Force Model
FIGURE 6. Global Natural Language Understanding Market, PESTEL Analysis
FIGURE 7. Global Natural Language Understanding Market by Segment, 2022 & 2032 (USD Million/Billion)
FIGURE 8. Global Natural Language Understanding Market, Regional Snapshot 2022 & 2032
This list is not complete; the final report contains more than 50 figures. The list may be updated in the final deliverable.

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