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Natural Language Processing Market Size, Share, and Analysis, By Offering (Solution and Service), By Type (Statistical NLP, Rule-based NLP, and Hybrid NLP), By Application (Sentiment Analysis and Social Media Monitoring), By Technology (IVR, OCR, Text Ana

Publisher Fatpos Global
Published Jun 01, 2024
Length 444 Pages
SKU # FAGL19115412

Description

Natural Language Processing Market Size, Share, and Analysis, By Offering (Solution and Service), By Type (Statistical NLP, Rule-based NLP, and Hybrid NLP), By Application (Sentiment Analysis and Social Media Monitoring), By Technology (IVR, OCR, Text Analytics, and Auto Coding), By Vertical (BFSI, IT & Telecom, Retail & E-commerce, Healthcare, Education, Media & Entertainment, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034


Natural Language Processing Market Size, Share, and Analysis, By Offering (Solution and Service), By Type (Statistical NLP, Rule-based NLP, and Hybrid NLP), By Application (Sentiment Analysis and Social Media Monitoring), By Technology (IVR, OCR, Text Analytics, and Auto Coding), By Vertical (BFSI, IT & Telecom, Retail & E-commerce, Healthcare, Education, Media & Entertainment, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-
2034


PRODUCT OVERVIEW

Natural Language Processing Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 32.7% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 28 billion and is projected to reach USD 633.9 billion by the completion of 2034.

Natural Language Processing or NLP refers to an interdisciplinary field within artificial intelligence (AI) which is dedicated to enabling computers to understand, interpret, and generate human language. Its main objective is to develop algorithms and models that facilitate the comprehension and generation of text or speech data in a meaningful manner, similar to human language abilities. NLP includes a spectrum of tasks including text classification, sentiment analysis, language translation, and text summarization. Additionally, by integrating principles from linguistics, computer science, and machine learning, NLP systems process and analyze vast amounts of textual data, along with extracting valuable insights and powering various applications like virtual assistants, language translation services, chatbots, and information retrieval systems. Therefore, NLP serves as a bridge between humans and machines by improving communication and interaction between individuals and smart systems.

MARKET HIGHLIGHTS

Natural Language Processing Market is projected to reach USD 633.9 billion over the forecast period, due to the vast adoption of AI-driven language processing solutions across industries. This growth is attributed to the growing demand for NLP technologies in automating customer service, combined with conducting sentiment analysis and developing personalized recommendation systems. Moreover, the rising adoption of big data and the need for efficient data processing tools further pushes the adoption of natural language processing. Additionally, major industry players are investing in research and development to improve algorithmic capabilities and improve the accuracy of language understanding. Thus, with a global outlook, NLP market presents promising opportunities for innovation and advancement during the forecasted period.

Natural Language Processing Market Segments:
  • By Offering
  • Solution
  • Service
  • By Type
  • Statistical NLP
  • Rule-based NLP
  • Hybrid NLP
  • By Application
  • Sentiment Analysis
  • Social Media Monitoring
  • By Technology
  • IVR
  • OCR
  • Text Analytics
  • Auto Coding
  • By Vertical
  • BFSI
  • IT & Telecom
  • Retail & E-commerce
  • Healthcare
  • Education
  • Media & Entertainment
  • Others
MARKET DYNAMICS

Growth Drivers

Advancements in Artificial Intelligence will Generate Growth Opportunities

Growing Adoption of Chatbots and Virtual Assistants will Drive Market Expansion

Restraint

Data Privacy and Security Concerns Could Limit the Industry's Growth

Key Players
  • Google
  • Microsoft
  • IBM
  • Amazon
  • Facebook
  • Apple
  • Salesforce
  • Baidu
  • Tencent
  • Alibaba
  • OpenAI
  • Nuance Communications
  • SAS Institute
  • Oracle
  • Intel
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 3-month post-sales analyst support.
*Please Note: The report will be delivered in 2-3 business days upon order confirmation*

Table of Contents

444 Pages
1. Executive Summary
1.1.Regional Market Share
1.2. Business Trends
1.3.Global Natural Language Processing Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1. Market Definition
3.2.Global Natural Language Processing Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. Global Natural Language Processing Market – Industry Insights
4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7.Market Dynamics
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. Risk Analysis
9. Market Analysis
9.1. Porters Five Forces
9.2.PEST Analysis
9.2.1. Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10. Global Natural Language Processing Market
10.1.Overview
10.2. Historical Analysis (2018-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11.Global Natural Language Processing Market Size & Forecast 2023A-2033F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By Offering
11.3.1.1. Solution
11.3.1.1.1. By Value (USD Million) 2023A-2033F
11.3.1.1.2.Market Share (%) 2023A-2033F
11.3.1.1.3.Y-o-Y Growth (%) 2023A-2033F
11.3.1.2.Service
11.3.1.2.1.By Value (USD Million) 2023A-2033F
11.3.1.2.2. Market Share (%) 2023A-2033F
11.3.1.2.3. Y-o-Y Growth (%) 2023A-2033F
11.3.2. By Type
11.3.2.1.Statistical NLP
11.3.2.1.1.By Value (USD Million) 2023A-2033F
11.3.2.1.2. Market Share (%) 2023A-2033F
11.3.2.1.3. Y-o-Y Growth (%) 2023A-2033F
11.3.2.2. Rule-Based NLP
11.3.2.2.1. By Value (USD Million) 2023A-2033F
11.3.2.2.2.Market Share (%) 2023A-2033F
11.3.2.2.3.Y-o-Y Growth (%) 2023A-2033F
11.3.2.3. Hybrid NLP
11.3.2.3.1. By Value (USD Million) 2023A-2033F
11.3.2.3.2.Market Share (%) 2023A-2033F
11.3.2.3.3.Y-o-Y Growth (%) 2023A-2033F
11.3.3. By Application
11.3.3.1.Sentiment Analysis
11.3.3.1.1.By Value (USD Million) 2023A-2033F
11.3.3.1.2. Market Share (%) 2023A-2033F
11.3.3.1.3. Y-o-Y Growth (%) 2023A-2033F
11.3.3.2. Social Media Monitoring
11.3.3.2.1. By Value (USD Million) 2023A-2033F
11.3.3.2.2.Market Share (%) 2023A-2033F
11.3.3.2.3.Y-o-Y Growth (%) 2023A-2033F
11.3.4. By Technology
11.3.4.1.IVR
11.3.4.1.1.By Value (USD Million) 2023A-2033F
11.3.4.1.2. Market Share (%) 2023A-2033F
11.3.4.1.3. Y-o-Y Growth (%) 2023A-2033F
11.3.4.2. OCR
11.3.4.2.1. By Value (USD Million) 2023A-2033F
11.3.4.2.2.Market Share (%) 2023A-2033F
11.3.4.2.3. Y-o-Y Growth (%) 2023A-2033F
11.3.4.3. Text Analytics
11.3.4.3.1. By Value (USD Million) 2023A-2033F
11.3.4.3.2. Market Share (%) 2023A-2033F
11.3.4.3.3. Y-o-Y Growth (%) 2023A-2033F
11.3.4.4. Auto Coding
11.3.4.4.1.By Value (USD Million) 2023A-2033F
11.3.4.4.2. Market Share (%) 2023A-2033F
11.3.4.4.3. Y-o-Y Growth (%) 2023A-2033F
11.3.5. By Vertical
11.3.5.1.BFSI
11.3.5.1.1.By Value (USD Million) 2023A-2033F
11.3.5.1.2. Market Share (%) 2023A-2033F
11.3.5.1.3. Y-o-Y Growth (%) 2023A-2033F
11.3.5.2. IT & Telecom
11.3.5.2.1. By Value (USD Million) 2023A-2033F
11.3.5.2.2.Market Share (%) 2023A-2033F
11.3.5.2.3.Y-o-Y Growth (%) 2023A-2033F
11.3.5.3. Retail & E-Commerce
11.3.5.3.1. By Value (USD Million) 2023A-2033F
11.3.5.3.2.Market Share (%) 2023A-2033F
11.3.5.3.3.Y-o-Y Growth (%) 2023A-2033F
11.3.5.4. Healthcare
11.3.5.4.1.By Value (USD Million) 2023A-2033F
11.3.5.4.2. Market Share (%) 2023A-2033F
11.3.5.4.3. Y-o-Y Growth (%) 2023A-2033F
11.3.5.5. Education
11.3.5.5.1. By Value (USD Million) 2023A-2033F
11.3.5.5.2.Market Share (%) 2023A-2033F
11.3.5.5.3.Y-o-Y Growth (%) 2023A-2033F
11.3.5.6. Media & Entertainment
11.3.5.6.1. By Value (USD Million) 2023A-2033F
11.3.5.6.2.Market Share (%) 2023A-2033F
11.3.5.6.3.Y-o-Y Growth (%) 2023A-2033F
11.3.5.7. Others
11.3.5.7.1. By Value (USD Million) 2023A-2033F
11.3.5.7.2.Market Share (%) 2023A-2033F
11.3.5.7.3.Y-o-Y Growth (%) 2023A-2033F
12. North America Natural Language Processing Market Size & Forecast 2023A-2033F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Offering
12.3.2.By Type
12.3.3.By Application
12.3.4.By Technology
12.3.5.By Vertical
12.4. Country
12.4.1. United States
12.4.2.Canada
13. Europe Natural Language Processing Market Size & Forecast 2023A-2033F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Offering
13.3.2.By Type
13.3.3.By Application
13.3.4.By Technology
13.3.5.By Vertical
13.4. Country
13.4.1.Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4. Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14. Asia-Pacific Natural Language Processing Market Size & Forecast 2023A-2033F
14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Offering
14.3.2.By Type
14.3.3.By Application
14.3.4. By Technology
14.3.5.By Vertical
14.4. Country
14.4.1.India
14.4.2.China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15. Middle East and Africa Natural Language Processing Market Size & Forecast 2023A-2033F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Offering
15.3.2.By Type
15.3.3.By Application
15.3.4.By Technology
15.3.5.By Vertical
15.4. Country
15.4.1.Israel
15.4.2.GCC
15.4.3.North Africa
15.4.4. South Africa
15.4.5.Rest of Middle East and Africa
16. Latin America Natural Language Processing Market Size & Forecast 2023A-2033F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Offering
16.3.2.By Type
16.3.3.By Application
16.3.4.By Technology
16.3.5.By Vertical
16.4. Country
16.4.1.Mexico
16.4.2.Brazil
16.4.3.Rest of Latin America
17. Competitive Landscape
17.1. Company market share, 2021
17.2.Key player overview
17.3. Key stakeholders
18. Company Profiles
18.1.Google
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1. Product Portfolio
18.1.4.2.Key Clients
18.1.4.3.Market Share
18.1.4.4.Recent News & Development (Last 3 Yrs.)
18.2.Microsoft
18.3.IBM
18.4. Amazon
18.5.Facebook
18.6.Apple
18.7.Salesforce
18.8. Baidu
18.9.Tencent
18.10.Alibaba
18.11. OpenAI
18.12. Nuance Communications
18.13. SAS Institute
18.14.Oracle
18.15. Intel
18.16.Other Prominent Players
19. Appendix
20.Consultant Recommendation

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