UK Natural Language Processing Market Size & Outlook
The natural language processing market in UK is expected to reach a projected revenue of US$ 28,783.9 million by 2030. A compound annual growth rate of 40.6% is expected of UK natural language processing market from 2024 to 2030.
Revenue, 2023 (US$M)
$2,652.2
Forecast, 2030 (US$M)
$28,783.9
CAGR, 2024 - 2030
40.6%
Report Coverage
UK
UK natural language processing market, 2018-2030 (US$M)
Related Markets
UK natural language processing market highlights
- The UK natural language processing market generated a revenue of USD 2,652.2 million in 2023 and is expected to reach USD 28,783.9 million by 2030.
- The UK market is expected to grow at a CAGR of 40.6% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Natural language processing market data book summary
| Market revenue in 2023 | USD 2,652.2 million |
| Market revenue in 2030 | USD 28,783.9 million |
| Growth rate | 40.6% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
| Key market players worldwide | 3M Co, Apple Inc, Amazon.com Inc, Baidu Inc ADR, Crayon Group Holding ASA Shs, Alphabet Inc Class A, International Business Machines Corp, IQVIA Holdings Inc, Meta Platforms Inc Class A, Microsoft Corp, Oracle Corp, SAS |
Other key industry trends
- In terms of revenue, UK accounted for 6.5% of the global natural language processing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany natural language processing market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 21,450.8 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 |
|---|
UK 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 UK natural language processing market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of UK 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 country-level data and insights on the UK natural language processing market , including forecasts for subscribers. This country databook contains high-level insights into UK natural language processing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
UK natural language processing market size, by component, 2018-2030 (US$M)
UK Natural Language Processing Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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