Natural Language Processing Market Size to Reach USD 98.05 Billion in 2030 | Emergen Research
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Wednesday, December 21, 2022
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VANCOUVER, B.C., Dec. 22, 2022 /PRNewswire/ -- The natural language processing market size reached USD 12.43 Billion in 2021 and is expected to register a CAGR of 25.7% during the forecast period, according to latest analysis by Emergen Research .
Key Points:
- VANCOUVER, B.C., Dec. 22, 2022 /PRNewswire/ -- The natural language processing market size reached USD 12.43 Billion in 2021 and is expected to register a CAGR of 25.7% during the forecast period, according to latest analysis by Emergen Research .
- Surging demand for cloud-based NLP solutions to reduce overall costs and enhance scalability is a key factor driving natural language processing market revenue growth.
- Natural Language Processing, or NLP, is the ability of computer software to interpret the natural language or human language as it is spoken and written.
- The natural language processing market is expected to register a CAGR of 25.7% over the forecast period and revenue is projected to increase from USD 12.43 Billion in 2021 to USD 98.05 Billion in 2030.