Natural Language Processing Market Statistics and Research Analysis Detailed in Latest Research Report 2022-2029

 The global “Natural Language Processing Market” is expected to rise with an impressive CAGR and generate the highest revenue by 2026. Fortune Business Insights™ in its latest report published this information. The report is titled " Natural Language Processing Market Size, Share and Trends Forecast". The report discusses research objectives, research scope, methodology, timeline, and challenges during the entire forecast period.

The global natural language processing market size was valued at USD 20.80 billion in 2021 and is projected to grow from USD 26.42 billion in 2022 to USD 161.81 billion by 2029, exhibiting a CAGR of 18.1% during the forecast period.

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https://www.fortunebusinessinsights.com/industry-reports/natural-language-processing-nlp-market-101933


List of Key Companies Profiled:

  • Hewlett Packard Enterprise Development LP (U.S.)
  • com, Inc. (U.S.)
  • Google, LLC. (Alphabet) (U.S.)
  • SAP SE (Germany)
  • IBM Corporation (U.S.)
  • Inbenta Holdings Inc. (U.S.)
  • Linguamatics (U.K.)
  • SoundHound AI, Inc. (U.S.)
  • NetBase Quid, Inc. (U.S.)
  • JUST AI LIMITED (U.K.)

Driver: Increasing Rate of Recovery of Financial Losses to Stimulate Natural Language Processing Market Growth

The increase in the rate of recovery of financial losses is anticipated to augment the growth of the Natural Language Processing Market within the estimated period. Natural Language Processing Market helps all organizations and enterprises mitigate losses from a variety of incidents that take place every day, from a data breach involving sensitive customer information to network damage and disruption. Though does not protect any organization against the hack itself, it does offer help before, during, and after an attack. Further, it also helps with the costs associated with remediation, including payment for legal assistance, crisis communicators, investigators, and customer credits or refunds. However, the lack of awareness related to Natural Language Processing Market Moreover, the increasing adoption of artificial intelligence and blockchain technology for risk analytics is further anticipated to support the growth in the years to come.

 

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