Natural Language Processing (NLP) Market: By Component (Solution, Services), By Deployment Mode (On Premise, Cloud), By Organization Size (Large Enterprises, SMEs) By Type (Rule-Based NLP, Statistical NLP, Hybrid NLP), By Industry Vertical (IT and Telecommunication, Retail and E-commerce, BFSI, Healthcare, Education, Media and Entertainment, Others) and Geography  

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Natural Language Processing (NLP) Market size was valued at USD 14,376.3 million in 2023 and is poised to grow at a significant CAGR of 26.4% from 2024-2030. Natural Language Processing (NLP) is a branch of artificial intelligence (AI) that uses voice-enabled artificial intelligence (AI) and conversational intelligence technologies to enable computers to read the human language, derive meaning, and make communication more convenient. Furthermore, NLP capabilities like autocorrect and autocomplete tools help analyze personal language patterns and identify the most relevant suggestions for particular users or the public. Furthermore, natural language processing automates much of the physical process, providing analytics and business insight for development, and aids in process ordering and organization. In addition, growing data and increasing complexities in large businesses would open numerous opportunities for the natural language processing market. Based on deployment mode the Natural Language Processing (NLP) market is segmented in to On-Premise and Cloud.

Cloud segmentation is anticipated to grow at significant CAGR over the forecast years owing to large data applications, cloud technology is scalable and adaptable. Furthermore, many AI and machine learning initiatives are classified as big data. The market's major manufacturers are launching several initiatives to integrate cloud-based solutions. Providing this engine will leverage the company's AI and cognitive capabilities, such as natural language processing and machine learning. SAS, for example, is working on projects to integrate natural language interaction with its cloud-based analytics tools. Users will be able to communicate with the software using this cloud-based software. A cloud-based platform allows users to consume and analyze multilingual material, user-generated content, and other online content. A hybrid deployment is expected to see moderate acceptance during the anticipated timeframe. Factors such as the increasing use of smart devices to facilitate innovative environments fuel market growth. Furthermore, rising demand for advanced text analytics and increased internet usage and linked devices are propelling the natural language processing market forward. Furthermore, the growing adoption of NLP-based applications across industries boosts customer experience. In addition, rising healthcare investment is likely to generate profitable development possibilities for the industry.

Natural Language Processing (NLP) Market Key Developments:

In November 2021, IBM launched new natural language processing (NLP) enhancements planned for IBM Watson Discovery, to assist business users in industries such as financial services, insurance, and legal services in improving customer care and speeding up business processes by uncovering insights and synthesizing information from complex documents.

Natural Language Processing Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

26.4%

Largest Market

Asia Pacific

Fastest Growing Market

North America
Natural Language Processing (NLP) Market Dynamics

Understanding the client's input or demand is becoming increasingly challenging as the number of channels via which the clients submit their requirements or feedback grows. Companies require a platform to manage business operations to comprehend these requirements linked with products or services. As a result, they are continually searching for ways to improve their customer experience (CX) skills. AI and NLP integration will assist in assessing client inquiries or comments and converting them into personalized answers. This technology integration can generate recommendations based on information history, existing consumer data, or the client's quick answers. The usage of sophisticated technology allows for a smooth connection between the client and the system. The systems can preserve these communications for future reference. AI and NLP can provide unique and personalized recommendations that are more relevant to consumers' inquiries. Because it may be integrated with more than one channel, the platform can tackle numerous channel management issues. This also leads to more interactions between the client and the organization.

Natural Language Processing Market Segmentation

By Component
  • Solution
  • Services
By Type
  • Rule Based Nlp
  • Statistical Nlp
  • Hybrid Nlp
By End User
  • IT and Telecommunication
  • Retail And Ecommerce
  • BFSI
  • Healthcare
  • Education
  • Media And Entertainment
  • Others

Frequently Asked Questions

The natural language processing market size was valued at USD 14,376.3 million in 2023

The growing need for enhanced customer experience is one of the key drivers of market growth.

The natural language processing market key players are IBM Corporation, Dolbey Systems Inc., Oracle Corporation, Apple Inc., 3M Co., Netbase Solutions Inc.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
1.Executive Summary
2.Global Natural Language Processing Market Introduction 
2.1.Global Natural Language Processing Market  - Taxonomy
2.2.Global Natural Language Processing Market  - Definitions
2.2.1.Component
2.2.2.Type
2.2.3.End User
2.2.4.Region
3.Global Natural Language Processing Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Natural Language Processing Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Natural Language Processing Market  By Component, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Solution
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Services
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
6.Global Natural Language Processing Market  By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Rule Based Nlp
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Statistical Nlp
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Hybrid Nlp
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
7.Global Natural Language Processing Market  By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. IT and Telecommunication
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Retail And Ecommerce
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. BFSI
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Healthcare
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Education
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
7.6. Media And Entertainment
7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.6.3. Market Opportunity Analysis 
7.7. Others
7.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.7.3. Market Opportunity Analysis 
8.Global Natural Language Processing Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Natural Language Processing Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Solution
9.1.2.Services
9.2.  Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Rule Based Nlp
9.2.2.Statistical Nlp
9.2.3.Hybrid Nlp
9.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.IT and Telecommunication
9.3.2.Retail And Ecommerce
9.3.3.BFSI
9.3.4.Healthcare
9.3.5.Education
9.3.6.Media And Entertainment
9.3.7.Others
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Natural Language Processing Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Component Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Solution
10.1.2.Services
10.2.  Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Rule Based Nlp
10.2.2.Statistical Nlp
10.2.3.Hybrid Nlp
10.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.IT and Telecommunication
10.3.2.Retail And Ecommerce
10.3.3.BFSI
10.3.4.Healthcare
10.3.5.Education
10.3.6.Media And Entertainment
10.3.7.Others
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
11.Asia Pacific (APAC) Natural Language Processing Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Component Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Solution
11.1.2.Services
11.2.  Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Rule Based Nlp
11.2.2.Statistical Nlp
11.2.3.Hybrid Nlp
11.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.IT and Telecommunication
11.3.2.Retail And Ecommerce
11.3.3.BFSI
11.3.4.Healthcare
11.3.5.Education
11.3.6.Media And Entertainment
11.3.7.Others
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Natural Language Processing Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Component Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Solution
12.1.2.Services
12.2.  Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Rule Based Nlp
12.2.2.Statistical Nlp
12.2.3.Hybrid Nlp
12.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.IT and Telecommunication
12.3.2.Retail And Ecommerce
12.3.3.BFSI
12.3.4.Healthcare
12.3.5.Education
12.3.6.Media And Entertainment
12.3.7.Others
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Natural Language Processing Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Component Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Solution
13.1.2.Services
13.2.  Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Rule Based Nlp
13.2.2.Statistical Nlp
13.2.3.Hybrid Nlp
13.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.IT and Telecommunication
13.3.2.Retail And Ecommerce
13.3.3.BFSI
13.3.4.Healthcare
13.3.5.Education
13.3.6.Media And Entertainment
13.3.7.Others
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.IBM Corporation
14.2.2.Dolbey Systems Inc.
14.2.3.Oracle Corporation
14.2.4.Apple Inc.
14.2.5.3M Co.
14.2.6.Netbase Solutions Inc.
14.2.7.Hewlett -Packard Inc.
14.2.8.Microsoft Corporation
14.2.9.SAS Institute Inc.
14.2.10.Verint Systems Inc.
15. Research Methodology 
16. Appendix and Abbreviations 
  • IBM Corporation
  • Dolbey Systems Inc.
  • Oracle Corporation
  • Apple Inc.
  • 3M Co.
  • Netbase Solutions Inc.
  • Hewlett -Packard Inc.
  • Microsoft Corporation
  • SAS Institute Inc.
  • Verint Systems Inc.

Adjacent Markets