Posted 2/7/2024, 9:23:00 AM
Global NLP Market Soars to $68B by 2028; Solutions and Asia Pacific See Fastest Growth
- Global NLP market valued at $18.9B in 2023, estimated to reach $68.1B by 2028 with 29.3% CAGR
- Drivers include advancements in text analysis, need to streamline business operations, demand for cloud-based solutions, predictive analytics
- Solution segment projected to hold largest market share
- Hybrid NLP to grow at highest CAGR
- Software tools segment to account for largest market share
- Asia Pacific to witness highest CAGR