Global Market Size of Natural Language Processing (NLP) – 10 Year Market Forecast

ICT

Natural Language Processing (NLP) Market Size Forecast 2022-2029

Natural language processing is a branch of linguistics, computer science, and AI associated with computer-human communication, particularly how to program computers to process and analyze large amounts of natural language data. We access it through website search bars, virtual assistants like Alexa, and our smartphone’s Siri. The spam folder in our email, phone voicemail transcripts, and even Google Translate are all examples of Natural Language Processing technology in action. The global Natural Language Processing (NLP) market is expected to grow at a compound annual growth rate (CAGR) of 16 % from USD 38.45 billion in 2022 to USD 105.95 billion by 2029.

Natural Language Processing Market Size of United States

Natural Language Processing Market Analysis of United Kingdom

Natural Language Processing Market Trends of Germany

Natural Language Processing Market Forecast of France

Natural Language Processing Market Growth of Italy

Market Size of Natural Language Processing in Poland

Market Analysis of Natural Language Processing in Switzerland

Market Trends of Natural Language Processing in Sweden

Market Forecast of Natural Language Processing in Spain

Market Growth of Natural Language Processing Netherland

Belgium Natural Language Processing Market

Finland Natural Language Processing Market

Japan Natural Language Processing Market

South Korea Natural Language Processing Market

China Natural Language Processing Market

Natural Language Processing Market Size of Russia

Natural Language Processing Market Analysis of Malaysia

Natural Language Processing Market Trends of Singapore

Natural Language Processing Market Forecast of India

Natural Language Processing Market Growth of Brazil

Market segments - Natural Language Processing Market

By Offering
– Solutions
– Services

By Region
– North America
– Europe
– Middle East
– APAC
– ROW

Global Market size Of NLP 2022 38.45
Global Market size of NLP Market 2029 105.95
Cumulative Market Size of the NLP Market 588
Global Market Growth Of Natural Language Processing Market (CAGR) 16%

Frequently Asked Questions(FAQ)

  • What is Global Market Database

  • The global market database is a cloud-based market research tool that studies the shift in line with changing market trends for the NLP market.
  • How is feature extraction conducted in NLP?

  • The first step taken is text-processing, which removes the punctuations. second step is creating a vocabulary for the given text, last step is to create a matrix of features, it is also known as text-vectorization.
  • What does a NLP pipeline consist of?

  • It consists of Text gathering, Text cleaning, Embedding and sentence representation, Model evaluation, Making adjustments to the model, Deployment of the model.
  • What is Parsing in the context of NLP?

  • Parsing a document entails determining the grammatical structure of sentences, such as which words belong together (as "groups") and which words are the verb's subject or object.
  • Name of some popular models other than bag of words?

  • Latent semantic indexing, word2vec, these are some other popular models.

Global Market Size of Natural Language Processing (NLP) – 10 Year Market Forecast

Release date
Jan 1970

Region
Global

Countries Covered
The countries covered are US, UK, Germany, France, Italy, Poland, Switzerland, Sweden, Spain, Netherlands, Belgium, Finland. Japan, South Korea, China, Russia, Malaysia, Singapore, India, Brazil.

Supplementary notes
The regions covered are North America, Europe, APAC & ROW.


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