Global Natural Language Processing Market Size & Outlook
Global natural language processing market, 2018-2030 (US$M)
Related Markets
Global natural language processing market highlights
- The global natural language processing market generated a revenue of USD 40,975.1 million in 2023 and is expected to reach USD 439,854.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 40.4% by 2030.
- In terms of segment, solution accounted for a revenue of USD 29,535.5 million in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 40,975.1 million |
| Market revenue in 2030 | USD 439,854.5 million |
| Growth rate | 40.4% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 26.7% of the global natural language processing market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 64,353.3 million by 2030.
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Natural Language Processing Market Scope
Natural Language Processing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global natural language processing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to natural language processing market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 72.08% in 2023. Horizon Databook has segmented the Global natural language processing market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Natural Language Processing Component Outlook (Revenue, USD Million, 2018-2030)
- Solution
- Services
- Global Natural Language Processing End Use Outlook (Revenue, USD Million, 2018-2030)
- BFSI
- Healthcare
- Retail
- Others
- Global Natural Language Processing Deployment Outlook (Revenue, USD Million, 2018-2030)
- Cloud
- On-Premises
- Global Natural Language Processing Type Outlook (Revenue, USD Million, 2018-2030)
- Statistical NLP
- Rule Based NLP
- Hybrid NLP
- Global Natural Language Processing Application Outlook (Revenue, USD Million, 2018-2030)
- Image Recognition
- Voice Recognition
- Video Surveillance & Diagnostics
- Data Mining
- Sentiment Analysis
- Data Extraction
- Risk and Threat Detection
- Automatic Summarization
- Content Management
- Language Scoring
- Others (Portfolio Monitoring, HR and Recruiting, and Branding and Advertising)
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Target buyers of Global natural language processing market databook
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Our clientele includes a mix of natural language processing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global natural language processing market , including forecasts for subscribers. This global databook contains high-level insights into Global natural language processing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global natural language processing market size, by regions, 2018-2030 (US$M)
Top 10 countries: Natural language processing market size, 2023 (US$M)
Global natural language processing market share, by component, 2023 & 2030 (%, US$M)
Natural language processing market: Opportunity assessment by country
Global natural language processing market, by region, 2023 (US$M)
| Component | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,302.5 | 2,113.5 | 3,335.8 | 5,066.0 | 7,494.1 | 10,942.5 | 15,768.0 | 22,419.4 | 31,446.8 | 43,506.1 | 58,833.9 | 79,240.2 | 106,450.1 | 38.4% |
| Europe | 1,285.7 | 2,099.2 | 3,331.3 | 5,083.3 | 7,549.7 | 11,059.3 | 15,975.2 | 22,751.0 | 31,937.6 | 44,183.6 | 60,404.6 | 82,252.6 | 111,723.1 | 39.2% |
| Asia Pacific | 975.0 | 1,635.7 | 2,666.4 | 4,177.9 | 6,378.2 | 9,579.0 | 14,186.2 | 20,713.6 | 29,812.1 | 42,285.4 | 59,271.0 | 82,749.9 | 115,241.9 | 42.7% |
| Latin America | 639.5 | 1,067.8 | 1,730.0 | 2,690.5 | 4,067.6 | 6,053.1 | 8,870.4 | 12,798.4 | 18,177.8 | 25,411.0 | 35,756.1 | 50,081.9 | 69,931.5 | 41.8% |
| MEA | 359.6 | 597.3 | 963.5 | 1,493.3 | 2,241.7 | 3,341.2 | 4,903.2 | 7,083.0 | 10,070.3 | 14,088.5 | 19,448.2 | 26,699.8 | 36,507.9 | 40.7% |
| Overall | 4,562.2 | 7,513.5 | 12,026.8 | 18,511.0 | 27,731.3 | 40,975.1 | 59,703.0 | 85,765.3 | 121,444.6 | 169,474.6 | 233,713.7 | 321,024.4 | 439,854.5 | 40.4% |
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