Natural Language Processing Market 2023 – 2030 By Application (Sentiment Analysis, Social Media Monitoring), Technology (IVR, OCR, Auto Coding), Component (Solutions & Services), Vertical (BFSI, Retail & eCommerce, IT & ITES) - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competive Index & Regional Footprints by MarketDigits

Industry : Information Technology | Pages : 149 Pages | Published On : Dec 2023

The Natural Language Processing Market size is estimated to grow from USD 11.5 Billion in 2020 to USD 48.4 Billion by 2027, growing at a CAGR of 22.8% during the forecast year from 2021 to 2027.

The natural language processing is a stream of artificial intelligence that is related with communication between computer and human language. It is a module of artificial intelligence, capable of accepting and translating human language and can convert into machine language. In the recent business scenario, bulky data is being generated from a range of sources such as social networking sites, emails, audio, documents, web blogs, forums, etc. NLP technique is been used in analysis of this huge data. Therefore, the Natural Language Processing Market would be profitable in future.

NLP is bifurcated as components, technology, type, organization size, applications, industry verticals and region. Different types of NLP solutions are available in the market globally such as rule NLP, statistical NLP, and hybrid based. The statistical NLP employs probabilistic and numerical methods for solving problems structuring of long sentences, whereas rule NLP uses prepared rules to identify and correct the human voice. Rule based NLP is a trendy technique amongst the various types of NLP solutions and is expected to reflect a good share in the market.

The technology segment in NLP is classified as recognition, operational and analytics technologies. Recognition technologies are widely used in current scenario from SMEs to large enterprises. A recognition technology is expected to grow during the forecast period and produce largest share as it comprises of interactive voice recognition (IVR), optical character recognition and image recognition amongst, which IVR is most commonly used in a variety of applications.

The global NLP market is covered geographically by regions, namely, North America, Europe, Asia Pacific (APAC), Rest of the world. North America region is anticipated to report the largest market size during the forecast period owing the speedy developments in infrastructure and the high implementation of digital technologies. The research covers the current and historic NLP market size and its growth trend with company outline of Key players/manufacturers: SAS, Nokia, Microsoft, Facebook, Apple, 3M, Nuance Communications, Netbase, Verint systems, and Fuji Xerox among others.

The NLP market research report provides an in-depth overview of the industry including market segmentation by components, technology, type, organization size, applications, industry verticals and geography. Analysis of the global market with special focus on high growth application in each vertical and fast-growing market segments. It includes detailed competitive landscape with identification of the key players with respect to each type of market, in-depth market share analysis with individual revenue, market shares, and top players rankings. Impact analysis of the market dynamics with factors currently driving and restraining the growth of the market, along with their impact in the short, medium, and long-term landscapes. Competitive intelligence from the company profiles, key player strategies, game-changing developments such as product launches and acquisitions.

The objective of this study is to identify the market opportunities and estimate market size by segments and countries for last few years and to forecast the values to the next five years. The report incorporates both the qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. The report also covers qualitative analysis on the market, by incorporating complete pricing and cost analysis of components & products, Porter’s analysis and PEST (Political, Economic, Social & Technological factor) analysis of the market. The report also profiles all major companies active in this field.

Market Scope and Market Size

NLP market is segmented by region and further by countries, components, technology, type, organization size, applications, and industry verticals. Players, stakeholders, and other participants in the global NLP market will be able to gain a strong position as this report will surely benefit their marketing strategies. The market analysis focuses on revenue and forecast by region/countries and by application in terms of revenue and forecast for the period 2016-2027.

Report further studies the market development status and future and NLP Market trend across the world. Also, it splits NLP market segmentation by components, technology, type, organization size, applications, industry verticals and region to deep dive research and reveals market profile and prospects.

Major Classifications are as follows:

By Components

  • Solutions
  • Services

By Technology

  • Recognition technology
  • Operational technology
  • Analytics technology

By Type

  • Statistical NLP
  • Hybrid based NLP
  • Rule NLP

By Deployment mode

  • On-premises
  • Cloud

By Organization Size

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

By Applications

  • Machine Translation
  • Information Extraction
  • Automatic Summarization
  • Question Answering
  • Text Classification
  • Sentiment Analysis
  • Others

By Industry Verticals

  • Banking, Financial Services and Insurance (BFSI)
  • Manufacturing
  • Healthcare and Life Sciences
  • Retail and eCommerce
  • Government and Defense
  • Media and Entertainment
  • Telecommunications and IT
  • Travel and Hospitality
  • Others

Reason to purchase this report:

  • Determine prospective investment areas based on a detailed trend analysis of the global Natural Language Processing Market over the next years.
  • Gain an in-depth understanding of the underlying factors driving demand for different and Natural Language Processing Market segments in the top spending countries across the world and identify the opportunities offered by each of them.
  • Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
  • Identify the major channels that are driving the global Natural Language Processing Market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
  • Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global Natural Language Processing Market.
  • Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Natural Language Processing Market providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available.

Table of Content:

    • Key Takeaways
    • Report Description
    • Market Scope & Definition
    • Stakeholders
    • Research Methodology
      • Market Size
      • Key Data Points From Primary Sources
      • Key Data Points From Secondary Sources
      • List Of Primary Sources
      • List Of Secondary Sources
    • Industry Segmentation
    • Market Trends Analysis
    • Major Funding & Investments
    • Market Dynamics
      • Drivers
      • Restraints
      • Opportunities
    • Value Chain Analysis
    • Pricing Analysis
    • Impact of Covid-19 On NLP Market By Components
    • Impact Of Covid-19 On NLP Market By Technology
    • Impact Of Covid-19 On NLP Market By Type
    • Impact Of Covid-19 On NLP Market By Deployment mode
    • Impact Of Covid-19 On NLP Market By Organization Size
    • Impact Of Covid-19 On NLP Market By Applications
    • Impact Of Covid-19 On NLP Market By Industry Verticals
    • Impact of Covid-19 On NLP Market by Region
    • Introduction
    • Solutions
      • Software Tools
      • Platform
    • Services
      • Managed Services
      • Professional Services
    • Recognition technology
    • Operational technology
    • Analytics technology
    • Statistical NLP
    • Hybrid based NLP
    • Rule NLP
    • On-premises
    • Cloud
    • Small and Medium-sized Enterprises (SMEs)
    • Large Enterprises
    • Machine Translation
    • Information Extraction
    • Automatic Summarization
    • Question Answering
    • Text Classification
    • Sentiment Analysis
    • Others
    • Banking, Financial Services and Insurance (BFSI)
    • Manufacturing
    • Healthcare and Life Sciences
    • Retail and ecommerce
    • Government and Defense
    • Media and Entertainment
    • Telecommunications and IT
    • Travel and Hospitality
    • Others
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
      • France
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest Of Asia Pacific
    • Rest of the World
      • Middle East
      • Africa
    • Introduction
    • Top Companies Ranking
    • Market Share Analysis
    • Recent Developments
      • New Product Launch
      • Mergers & Acquisitions
      • Collaborations, Partnerships & Agreements
      • Rewards & Recognition
    • SAS
    • Nokia
    • Microsoft
    • Facebook
    • Apple
    • 3M
    • Nuance Communications
    • Netbase
    • Verint systems
    • Fuji Xerox


Table and Figures


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