U.S. Natural Language Processing Market Size & Outlook
The natural language processing market in the United States is expected to reach a projected revenue of US$ 64,353.3 million by 2030. A compound annual growth rate of 35.8% is expected of the United States natural language processing market from 2024 to 2030.
Revenue, 2023 (US$M)
$7,561.2
Forecast, 2030 (US$M)
$64,353.3
CAGR, 2024 - 2030
35.8%
Report Coverage
U.S.
U.S. natural language processing market, 2018-2030 (US$M)
Related Markets
U.S. natural language processing market highlights
- The U.S. natural language processing market generated a revenue of USD 7,561.2 million in 2023 and is expected to reach USD 64,353.3 million by 2030.
- The U.S. market is expected to grow at a CAGR of 35.8% 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 7,561.2 million |
| Market revenue in 2030 | USD 64,353.3 million |
| Growth rate | 35.8% (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, U.S. accounted for 18.5% 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 North America, U.S. natural language processing market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 42,096.8 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 |
|---|
U.S. 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 U.S. natural language processing market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. natural language processing market , including forecasts for subscribers. This country databook contains high-level insights into U.S. natural language processing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
U.S. natural language processing market size, by component, 2018-2030 (US$M)
U.S. Natural Language Processing Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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