Global Natural Language Processing Market Research Report 2030 (Business Opportunities - Other Business Ads)
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Global Natural Language Processing Market Research Report 2030 | |
Bharat Book Bureau Provides the Trending Market Research Report on “Natural Language Processing Market by Component, Organization Size, Application, Sector (IT & Telecommunications, BFSI, Retail & E-commerce and Healthcare & Life Sciences)—Global Forecast to 2030” under the Services Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence, and Market reports. The global Natural Language Processing Market is projected to reach $262.4 billion by 2030, at a CAGR of 34.4% during the forecast period. The growth of the natural language processing market is driven by the increased use of smart devices, the growing demand for NLP-based applications for customer support, and the rising demand for NLP tools in call centers. Moreover, the rapid adoption of cloud-based technologies and the increasing applications of NLP in the healthcare sector provide significant opportunities in the global natural language processing market. However, the limitations in the development of NLP technology restrain the growth of this market to some extent. Data privacy & security concerns also pose challenges to the natural language processing market growth. Furthermore, virtual assistants & chatbots and speech analytics solutions are the key trends observed in the natural language processing market. The global natural language processing market is segmented by component {solutions [optical character recognition solutions, interactive voice response systems, autocoding systems, document analytics solutions, speech analytics solutions, simulation & modeling solutions, customer experience management solutions, digital assistant and chatbots, and other NLP solutions (root cause analysis solutions, spam detection solutions, and data mining solutions) ], services (professional services, managed services), organization size (small & medium-sized enterprises, large enterprises), application [robotics & automation, smart cities, smart retail, smart healthcare, e-mail filtering, language translation, sentiment analytics, social media analytics, other NLP applications (market intelligence & targeted advertising, and data extraction], sector [IT & telecommunications, BFSI, retail & e-commerce, healthcare & life sciences, transportation & logistics, government & public sector, media & entertainment, manufacturing, education, food & beverages, and other sectors (oil & gas, and automotive)]}. The study also evaluates industry competitors and analyzes the market at regional and country levels. Based on component, the global natural language processing market is segmented into solutions and services. In 2023, the solutions segment is expected to account for the largest share of the global natural language processing market. The large growth of this segment is attributed to the surge in demand for interactive voice response systems to interact with callers and gather information; the growing popularity of customer experience management solutions to streamline the customer journey, allowing customers to design, connect, deliver, and manage experiences across diverse channels; the proliferation of digital assistant and chatbots to create conversational experiences for business applications; the growing demand for document analytics solutions for managing a document repository; and the surge in demand for speech analytics to improve contact center operations. This segment is also expected to register the highest CAGR during the forecast period. Browse our full report with Table of Content: https://www.bharatbook.com/report/1413591/natural-language-processing-market-by-component-organization-size-application-sector-it-telecommunications-bfsi-retail-e-commerce-and-healthcare-life-sciencesglobal-forecast-to About Bharat Book Bureau: Bharat Book is Your One-Stop-Shop with an exhaustive coverage of 4,00,000 reports and insights that includes latest Market Study, Market Trends & Analysis, Forecasts Customized Intelligence, Newsletters and Online Databases. Overall a comprehensive coverage of major industries with a further segmentation of 100+ subsectors. Contact us at: Bharat Book Bureau Tel: +91 22 27810772 / 27810773 Email: poonam@bharatbook.com Website: www.bharatbook.com  | |
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