Highlights:
The global natural language processing (NLP) market should reach $92.7 billion by 2028 from $29.1 billion in 2023 at a compound annual growth rate (CAGR) of 26.1% for the forecast period of 2023 to 2028.
North American NLP market is expected to grow from $10.5 billion in 2023 to $34.1 billion in 2028 at a CAGR of 26.5% for the forecast period of 2023 to 2028.
Asia-Pacific NLP market is expected to grow from $7.3 billion in 2023 to $25.2 billion in 2028 at a CAGR of 28.3% for the forecast period of 2023 to 2028.
Report Scope:
In this report, the global NLP market has been segmented based on organization size, component, provider, type, industry and geography. The report provides an overview of the global natural processing market and analyses market trends. Using 2022 as the base year, this report provides estimated market data for the forecast period from 2023 to 2028. Revenue forecasts for this period are segmented based on component, deployment, organization size, type, application, industry vertical and geography. Market values have been estimated based on the total revenue of NLP solution providers.
The report covers the NLP market with regard to the user base across different regions. It also highlights major trends and challenges that affect the market and the vendor landscape. The report estimates the global market for NLP in 2022 and provides projections for the expected market size through 2028. The report explains the value chain and current trends in the global markets for NLP. It concludes with detailed profiles of the major market players.
Report Includes:
- 52 tables and 24 additional tables
- An overview and up-to-date analysis of the global market for the natural language processing (NLP) technologies
- Analyses of the global market trends, with historic market revenue data (sales figures) for 2022, estimates for 2023, forecasts for 2024, and projections of compound annual growth rates (CAGRs) through 2028
- Highlights of emerging technology trends, opportunities and gaps estimating current size and anticipated growth of the overall NLP market and its related market segments, and identification of the major regions and countries involved in market developments
- Estimation of the actual market size and revenue forecast for the global NLP market in USD million values, and corresponding market share analysis based on the component, deployment type, organization size, technology type, application, industry vertical, and region
- Updated information on key market drivers and opportunities, industry shifts and regulations, and other region and industry specific macroeconomic variables that will influence this market in the coming years (2023-2028)
- Review of patents in the NLP market along with the global NLP based patent applications and patents granted for a brief period
- A look at the major growth strategies adopted by leading players operating in the market for NLP technologies, recent developments, strategic alliances, and competitive benchmarking
- Identification of the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues
- Descriptive company profiles of the leading global players of the industry, including 3M, Apple Inc., IBM Corp., Meta Platforms Inc. and SAS Institute Inc.
Table of Contents
Chapter 1 Introduction
- Overview
- Study Goals and Objectives
- Scope of Report
- Reasons for Doing the Study
- Intended Audiences
- Information Sources
- Methodology
- Geographic Breakdown
- Analyst's Credentials
- BCC Custom Research
- Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
- Overview
- NLP Tools
- Natural Language Toolkit
- SpaCy
- Word2Vec
- Amazon Comprehend
- GenSim
- Core NLP
- Google Cloud Natural Language
- GPT
- CogCompNLP
- TextBlob
- Evolution of NLP
- Early Developments
- Statistical Methods and Machine Learning
- Deep Learning Revolution
- Transformer Models and Language Understanding
- Applications and Impact
- Current Evolution (2019-2022)
- NLP Infrastructure
- Hardware
- Software Frameworks
- Data Resources
- Computational Resources
- Pretrained Models and Model Libraries:
- Annotation Tools:
- Value Chain Analysis
- Impact of COVID-19 on the Market for NLP
Chapter 4 Market Dynamics
- Overview
- Market Drivers
- Rising Adoption of NLP Among Businesses to Enhance Customer Service
- Growing Interest and Investments in AI Technologies
- Growing Volume of Unstructured Data through NLP
- Regulatory Compliance and Risk Management
- Market Restraints
- Limited Availability of Multiple Languages
- Growing Concern Regarding Data Privacy
- Market Opportunities
- Surge in the Developments of Big Data Technology for Actionable Business Intelligence
- Increase in Investment Across Healthcare
Chapter 5 Market Breakdown by Segment
- Overview
- Solution
- Text Classification
- Text Extraction
- Text Summarization
- Predictive Text
- Smart Assistants
- Search Engine Results
- Services
- Technologies Advisory and Consulting Services
- Development and Integration Services
- Support and Maintenance Services
Chapter 6 Market Breakdown by Deployment
- Overview
- Cloud
- Cloud-hosted NLP Services
- On-premises
Chapter 7 Market Breakdown by Organization Size
- Overview
- Large Enterprises
- Small and Medium Enterprises
Chapter 8 Market Breakdown by Type
- Overview
- Rule-Based NLP
- Statistical NLP
- Statistical Language Modeling Applications
- Drawbacks of Statistical NLP
- Hybrid NLP
Chapter 9 Market Breakdown by Application
- Overview
- Sentiment Analysis
- Sentiment Analysis Types
- Social Media Monitoring
- Automatic Summarization
- Text Summarization Types
- Best API's for Text Summarization
- Content Management
- Virtual Assistants/Chatbots
- Three Pillars of an NLP-Based Chatbot
- Others
Chapter 10 Market Breakdown by Industry Vertical
- Overview
- BFSI
- Use Cases of NLP in BFSI
- Education
- Use Cases of NLP in Education
- Healthcare
- Use Cases of NLP in Healthcare
- NLP Applications in Healthcare
- Retail and E-commerce
- Use Cases of NLP in the Retail Industry
- Information Technology and Telecommunication
- Use Cases of NLP in the Telecommunication Industry
- Media and Entertainment
- Use Cases of NLG in Media and Entertainment
- Others
Chapter 11 Market Breakdown by Region
- Overview
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Rest of the World
Chapter 12 Patent Analysis
- Global NLP Patents by Applicant Company
Chapter 13 Emerging Technologies
- Overview
- Key Market Trends
- Network and Computing Technology
- Internet of Things
- Artificial Intelligence
- Machine Learning
- Design, Deployment and Content Production Level
- Cloud Computing
- Data Lake
- Human/Simulation Interactive Level
- Virtual Assistants
- Sentiment Analysis
- Multilingual Language Models
- Named Entity Recognition
- Language Transformers
- Transfer Learning
- Text Summarization
- Semantic Search
- Reinforcement Learning
Chapter 14 Merger and Acquisition Outlook
- Merger and Acquisition Analysis
Chapter 15 Competitive Landscape
- Top Companies
- Strategic Analysis
- Key Product Launches and Developments
- Key Collaborations and Partnerships
- Key Acquisitions and Expansions
- Comparison of the Platforms Used by Major Cloud Vendors
Chapter 16 Company Profiles
- 3M
- ALPHABET INC. (GOOGLE INC.)
- AMAZON INC.
- APPLE INC.
- HEWLETT PACKARD ENTERPRISE
- IBM CORP.
- INBENTA TECHNOLOGIES INC.
- INTEL CORP.
- IQVIA
- JUST AI LTD.
- META PLATFORMS INC.
- MICROSOFT CORP.
- NARRATIVE SCIENCE (TABLEAU SOFTWARE)
- NETBASE QUID
- OPENAI LP
- ORACLE CORP.
- SAP SE
- SAS INSTITUTE INC.
- SOUNDHOUND AI INC.
- VERINT SYSTEMS INC.
