Global Natural Language Processing Market Size & Outlook
The natural language processing industry worldwide is expected to reach a projected revenue of US$ 439,854.5 million by 2030. A compound annual growth rate of 40.4% is expected of the worldwide natural language processing industry from 2024 to 2030.
Revenue, 2023 (US$M)
$40,975.1
Forecast, 2030 (US$M)
$439,854.5
CAGR, 2024 - 2030
40.4%
Report Coverage
Worldwide
Global natural language processing market, 2018-2030 (US$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 segmentation & scope
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)
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.
Partial client list
Global natural language processing market statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Natural language processing market size, 2023 (USD Million)
Top 10 countries: Natural language processing market size, 2023 (USD Million)
Global natural language processing market, by region, 2023 (US$M)
Related regional statistics
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