Global Natural Language Processing Market Projected to Beat $42,389.83 Million, Rising at 20.6% CAGR from 2020 to 2027 - Exclusive Report [353 pages] by Research Dive
The growth of this region market is chiefly owed to the growing demand for natural language processing products and services by companies in this region.\nIncreasing use of natural language processing techniques by companies and brands for obtaining customer reviews is the major factor driving the growth of the global natural language processing market.
- The growth of this region market is chiefly owed to the growing demand for natural language processing products and services by companies in this region.\nIncreasing use of natural language processing techniques by companies and brands for obtaining customer reviews is the major factor driving the growth of the global natural language processing market.
- In addition, growing investments in the development of NLP and its applications is expected to open doors to innovative opportunities for the market growth in the forecast period.
- However, rise of complications owing to the usage of code-mixed language in NLP processes is anticipated to obstruct the market growth during the forecast period.\nImpact of the COVID-19 Pandemic on the Natural Language Processing Market:\nThe COVID-19 pandemic has made a severe impact on the growth of the global natural language processing market.
- The increasing need for enhancing customer experiences amidst the COVID-19 crisis has fueled the demand for NLP products and services, especially in the healthcare sector, during the pandemic period.\nHow Natural Language Processing Market during CORONAVIRUS Pandemic.