Product Code: A00342
According to a new report published by Allied Market Research, titled, "Natural Language Processing (NLP) Market," The world natural language processing (NLP) market was valued at $16.2 billion in 2022, and is estimated to reach $239.9 billion by 2032, growing at a CAGR of 31.3% from 2023 to 2032.
Surge in increasing automation as a result of the integration of NLP with deep learning (DL) and machine learning (ML), drive the market growth. In addition, growing demand for smart devices, and increasing demand for advanced text analytics drive the growth of the market. However, complexities due to the usage of code-mixed language while implementing NLP solutions is expected to hamper the growth of the market. Furthermore, increase in automation as a result of the integration of NLP with deep learning and machine learning (ML) and rise in investments in the healthcare sector are expected to create lucrative growth opportunities for the market.
On the basis of deployment mode, on premise segment dominated the natural language processing market in 2022 and is expected to maintain its dominance in the upcoming years owing to provides complete control and visibility over the data, as well as strong authentication security measures propels the market growth significantly. However, the service segment is expected to witness the highest growth, owing to lower deployment costs, predictable running expenses, increased flexibility and scalability in AI-driven NLP, and risk reduction for system downtime.
Region-wise, the natural language processing market size was dominated by North America in 2021 and is expected to retain its position during the forecast period, owing to increase in adoption and growth of advanced and latest technologies, such as cloud computing, AI, and ML, also increasing usage of NLP in BFSI, IT and government sector to improve businesses and customer experience aiding the growth of the natural language processing market. However, Asia Pacific is expected to witness significant growth during the forecast period, owing to adoption of process automation across all industry verticals to enhance customer engagement and increase effectiveness of IT infrastructure to which is expected to fuel the market growth in this region. Furthermore, several major natural language processing solution providers including Apple Inc., Intel Corporation, Google LLC, Microsoft Corporation, Oracle Corporation, International Business Machines Corporation, and Amazon Web Services, Inc., are introducing new products and services to natural language processing.
The report focuses on growth prospects, restraints, and analysis of the natural language processing market trend. The study provides Porter's five forces analysis to understand the impact of numerous factors, such as the bargaining power of suppliers, the competitive intensity of competitors, the threat of new entrants, the threat of substitutes, and the bargaining power of buyers on the natural language processing market share.
Segment review
The global natural language processing market is segmented on the basis of component, deployment mode, enterprise size, type, industry vertical, and region. By component, it is bifurcated into solution and services. By deployment mode, it is segregated into on-premise and cloud. By enterprise size, it is categorized into large enterprise and small and medium-sized enterprise. On the basis of type, it is segregated into statistical NLP, rule-based NLP, and hybrid NLP. By industry vertical, it is segregated into BFSI, IT and telecom, retail and e-commerce, healthcare, education, media and entertainment, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the market include Apple Inc., Intel Corporation, SAS Institute Inc., SAP SE, Google LLC, Microsoft Corporation, Oracle Corporation, International Business Machines Corporation, Amazon Web Services, Inc., and Hewlett Packard Enterprise Development LP. Furthermore, it highlights the strategies of the key players to improve the market share and sustain competition.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the world natural language processing (nlp) market analysis from 2022 to 2032 to identify the prevailing world natural language processing (NLP) market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the world natural language processing (NLP) market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global world natural language processing (NLP) market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 20% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline talk to the sales executive to know more)
- Senario Analysis & Growth Trend Comparision
- Go To Market Strategy
- New Product Development/ Product Matrix of Key Players
- Regulatory Guidelines
- Additional country or region analysis- market size and forecast
- Expanded list for Company Profiles
- Market share analysis of players at global/region/country level
- SWOT Analysis
Key Market Segments
By Deployment Mode
By Enterprise Size
- Large Enterprise
- Small and Medium-sized Enterprise
By Type
- Statistical NLP
- Rule-based NLP
- Hybrid NLP
By Industry Vertical
- BFSI
- IT and Telecom
- Retail and E-commerce
- Healthcare
- Education
- Media and Entertainment
- Others
By Component
By Region
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- Intel Corporation
- Google LLC
- Hewlett Packard Enterprise Development LP
- Microsoft Corporation
- International Business Machines Corporation
- Apple Inc.
- SAP SE
- Oracle Corporation
- SAS Institute Inc.
- Amazon Web Services, Inc.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Increase in automation as a result of the integration of NLP with deep learning (DL) and machine learning (ML)
- 3.4.1.2. Growth in use of internet and connected devices
- 3.4.1.3. Rise in demand for predictive analytics to reduce risks and identify growth opportunities
- 3.4.2. Restraints
- 3.4.2.1. Complexities due to the usage of code-mixed language while implementing NLP solutions
- 3.4.2.2. Lack of skilled workforce and reliability issue
- 3.4.3. Opportunities
- 3.4.3.1. Rapid changes in business model technology due to geographical expansion
- 3.4.3.2. Growing adoption of NLP-based applications across industries to boost customer experience
- 3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: WORLD NATURAL LANGUAGE PROCESSING (NLP) MARKET, BY COMPONENT
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Solution
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Service
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: WORLD NATURAL LANGUAGE PROCESSING (NLP) MARKET, BY DEPLOYMENT MODE
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. On-premise
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Cloud
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
CHAPTER 6: WORLD NATURAL LANGUAGE PROCESSING (NLP) MARKET, BY ENTERPRISE SIZE
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Large Enterprise
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Small and Medium-sized Enterprise
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
CHAPTER 7: WORLD NATURAL LANGUAGE PROCESSING (NLP) MARKET, BY TYPE
- 7.1. Overview
- 7.1.1. Market size and forecast
- 7.2. Statistical NLP
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
- 7.3. Rule-based NLP
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country
- 7.4. Hybrid NLP
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by region
- 7.4.3. Market share analysis by country
CHAPTER 8: WORLD NATURAL LANGUAGE PROCESSING (NLP) MARKET, BY INDUSTRY VERTICAL
- 8.1. Overview
- 8.1.1. Market size and forecast
- 8.2. BFSI
- 8.2.1. Key market trends, growth factors and opportunities
- 8.2.2. Market size and forecast, by region
- 8.2.3. Market share analysis by country
- 8.3. IT and Telecom
- 8.3.1. Key market trends, growth factors and opportunities
- 8.3.2. Market size and forecast, by region
- 8.3.3. Market share analysis by country
- 8.4. Retail and E-commerce
- 8.4.1. Key market trends, growth factors and opportunities
- 8.4.2. Market size and forecast, by region
- 8.4.3. Market share analysis by country
- 8.5. Healthcare
- 8.5.1. Key market trends, growth factors and opportunities
- 8.5.2. Market size and forecast, by region
- 8.5.3. Market share analysis by country
- 8.6. Education
- 8.6.1. Key market trends, growth factors and opportunities
- 8.6.2. Market size and forecast, by region
- 8.6.3. Market share analysis by country
- 8.7. Media and Entertainment
- 8.7.1. Key market trends, growth factors and opportunities
- 8.7.2. Market size and forecast, by region
- 8.7.3. Market share analysis by country
- 8.8. Others
- 8.8.1. Key market trends, growth factors and opportunities
- 8.8.2. Market size and forecast, by region
- 8.8.3. Market share analysis by country
CHAPTER 9: WORLD NATURAL LANGUAGE PROCESSING (NLP) MARKET, BY REGION
- 9.1. Overview
- 9.1.1. Market size and forecast By Region
- 9.2. North America
- 9.2.1. Key market trends, growth factors and opportunities
- 9.2.2. Market size and forecast, by Component
- 9.2.3. Market size and forecast, by Deployment Mode
- 9.2.4. Market size and forecast, by Enterprise Size
- 9.2.5. Market size and forecast, by Type
- 9.2.6. Market size and forecast, by Industry Vertical
- 9.2.7. Market size and forecast, by country
- 9.2.7.1. U.S.
- 9.2.7.1.1. Market size and forecast, by Component
- 9.2.7.1.2. Market size and forecast, by Deployment Mode
- 9.2.7.1.3. Market size and forecast, by Enterprise Size
- 9.2.7.1.4. Market size and forecast, by Type
- 9.2.7.1.5. Market size and forecast, by Industry Vertical
- 9.2.7.2. Canada
- 9.2.7.2.1. Market size and forecast, by Component
- 9.2.7.2.2. Market size and forecast, by Deployment Mode
- 9.2.7.2.3. Market size and forecast, by Enterprise Size
- 9.2.7.2.4. Market size and forecast, by Type
- 9.2.7.2.5. Market size and forecast, by Industry Vertical
- 9.3. Europe
- 9.3.1. Key market trends, growth factors and opportunities
- 9.3.2. Market size and forecast, by Component
- 9.3.3. Market size and forecast, by Deployment Mode
- 9.3.4. Market size and forecast, by Enterprise Size
- 9.3.5. Market size and forecast, by Type
- 9.3.6. Market size and forecast, by Industry Vertical
- 9.3.7. Market size and forecast, by country
- 9.3.7.1. UK
- 9.3.7.1.1. Market size and forecast, by Component
- 9.3.7.1.2. Market size and forecast, by Deployment Mode
- 9.3.7.1.3. Market size and forecast, by Enterprise Size
- 9.3.7.1.4. Market size and forecast, by Type
- 9.3.7.1.5. Market size and forecast, by Industry Vertical
- 9.3.7.2. Germany
- 9.3.7.2.1. Market size and forecast, by Component
- 9.3.7.2.2. Market size and forecast, by Deployment Mode
- 9.3.7.2.3. Market size and forecast, by Enterprise Size
- 9.3.7.2.4. Market size and forecast, by Type
- 9.3.7.2.5. Market size and forecast, by Industry Vertical
- 9.3.7.3. France
- 9.3.7.3.1. Market size and forecast, by Component
- 9.3.7.3.2. Market size and forecast, by Deployment Mode
- 9.3.7.3.3. Market size and forecast, by Enterprise Size
- 9.3.7.3.4. Market size and forecast, by Type
- 9.3.7.3.5. Market size and forecast, by Industry Vertical
- 9.3.7.4. Italy
- 9.3.7.4.1. Market size and forecast, by Component
- 9.3.7.4.2. Market size and forecast, by Deployment Mode
- 9.3.7.4.3. Market size and forecast, by Enterprise Size
- 9.3.7.4.4. Market size and forecast, by Type
- 9.3.7.4.5. Market size and forecast, by Industry Vertical
- 9.3.7.5. Spain
- 9.3.7.5.1. Market size and forecast, by Component
- 9.3.7.5.2. Market size and forecast, by Deployment Mode
- 9.3.7.5.3. Market size and forecast, by Enterprise Size
- 9.3.7.5.4. Market size and forecast, by Type
- 9.3.7.5.5. Market size and forecast, by Industry Vertical
- 9.3.7.6. Rest of Europe
- 9.3.7.6.1. Market size and forecast, by Component
- 9.3.7.6.2. Market size and forecast, by Deployment Mode
- 9.3.7.6.3. Market size and forecast, by Enterprise Size
- 9.3.7.6.4. Market size and forecast, by Type
- 9.3.7.6.5. Market size and forecast, by Industry Vertical
- 9.4. Asia-Pacific
- 9.4.1. Key market trends, growth factors and opportunities
- 9.4.2. Market size and forecast, by Component
- 9.4.3. Market size and forecast, by Deployment Mode
- 9.4.4. Market size and forecast, by Enterprise Size
- 9.4.5. Market size and forecast, by Type
- 9.4.6. Market size and forecast, by Industry Vertical
- 9.4.7. Market size and forecast, by country
- 9.4.7.1. China
- 9.4.7.1.1. Market size and forecast, by Component
- 9.4.7.1.2. Market size and forecast, by Deployment Mode
- 9.4.7.1.3. Market size and forecast, by Enterprise Size
- 9.4.7.1.4. Market size and forecast, by Type
- 9.4.7.1.5. Market size and forecast, by Industry Vertical
- 9.4.7.2. Japan
- 9.4.7.2.1. Market size and forecast, by Component
- 9.4.7.2.2. Market size and forecast, by Deployment Mode
- 9.4.7.2.3. Market size and forecast, by Enterprise Size
- 9.4.7.2.4. Market size and forecast, by Type
- 9.4.7.2.5. Market size and forecast, by Industry Vertical
- 9.4.7.3. India
- 9.4.7.3.1. Market size and forecast, by Component
- 9.4.7.3.2. Market size and forecast, by Deployment Mode
- 9.4.7.3.3. Market size and forecast, by Enterprise Size
- 9.4.7.3.4. Market size and forecast, by Type
- 9.4.7.3.5. Market size and forecast, by Industry Vertical
- 9.4.7.4. Australia
- 9.4.7.4.1. Market size and forecast, by Component
- 9.4.7.4.2. Market size and forecast, by Deployment Mode
- 9.4.7.4.3. Market size and forecast, by Enterprise Size
- 9.4.7.4.4. Market size and forecast, by Type
- 9.4.7.4.5. Market size and forecast, by Industry Vertical
- 9.4.7.5. South Korea
- 9.4.7.5.1. Market size and forecast, by Component
- 9.4.7.5.2. Market size and forecast, by Deployment Mode
- 9.4.7.5.3. Market size and forecast, by Enterprise Size
- 9.4.7.5.4. Market size and forecast, by Type
- 9.4.7.5.5. Market size and forecast, by Industry Vertical
- 9.4.7.6. Rest of Asia-Pacific
- 9.4.7.6.1. Market size and forecast, by Component
- 9.4.7.6.2. Market size and forecast, by Deployment Mode
- 9.4.7.6.3. Market size and forecast, by Enterprise Size
- 9.4.7.6.4. Market size and forecast, by Type
- 9.4.7.6.5. Market size and forecast, by Industry Vertical
- 9.5. LAMEA
- 9.5.1. Key market trends, growth factors and opportunities
- 9.5.2. Market size and forecast, by Component
- 9.5.3. Market size and forecast, by Deployment Mode
- 9.5.4. Market size and forecast, by Enterprise Size
- 9.5.5. Market size and forecast, by Type
- 9.5.6. Market size and forecast, by Industry Vertical
- 9.5.7. Market size and forecast, by country
- 9.5.7.1. Latin America
- 9.5.7.1.1. Market size and forecast, by Component
- 9.5.7.1.2. Market size and forecast, by Deployment Mode
- 9.5.7.1.3. Market size and forecast, by Enterprise Size
- 9.5.7.1.4. Market size and forecast, by Type
- 9.5.7.1.5. Market size and forecast, by Industry Vertical
- 9.5.7.2. Middle East
- 9.5.7.2.1. Market size and forecast, by Component
- 9.5.7.2.2. Market size and forecast, by Deployment Mode
- 9.5.7.2.3. Market size and forecast, by Enterprise Size
- 9.5.7.2.4. Market size and forecast, by Type
- 9.5.7.2.5. Market size and forecast, by Industry Vertical
- 9.5.7.3. Africa
- 9.5.7.3.1. Market size and forecast, by Component
- 9.5.7.3.2. Market size and forecast, by Deployment Mode
- 9.5.7.3.3. Market size and forecast, by Enterprise Size
- 9.5.7.3.4. Market size and forecast, by Type
- 9.5.7.3.5. Market size and forecast, by Industry Vertical
CHAPTER 10: COMPETITIVE LANDSCAPE
- 10.1. Introduction
- 10.2. Top winning strategies
- 10.3. Product Mapping of Top 10 Player
- 10.4. Competitive Dashboard
- 10.5. Competitive Heatmap
- 10.6. Top player positioning, 2022
CHAPTER 11: COMPANY PROFILES
- 11.1. Apple Inc.
- 11.1.1. Company overview
- 11.1.2. Key Executives
- 11.1.3. Company snapshot
- 11.1.4. Operating business segments
- 11.1.5. Product portfolio
- 11.1.6. Business performance
- 11.1.7. Key strategic moves and developments
- 11.2. Intel Corporation
- 11.2.1. Company overview
- 11.2.2. Key Executives
- 11.2.3. Company snapshot
- 11.2.4. Operating business segments
- 11.2.5. Product portfolio
- 11.2.6. Business performance
- 11.2.7. Key strategic moves and developments
- 11.3. SAS Institute Inc.
- 11.3.1. Company overview
- 11.3.2. Key Executives
- 11.3.3. Company snapshot
- 11.3.4. Operating business segments
- 11.3.5. Product portfolio
- 11.3.6. Key strategic moves and developments
- 11.4. SAP SE
- 11.4.1. Company overview
- 11.4.2. Key Executives
- 11.4.3. Company snapshot
- 11.4.4. Operating business segments
- 11.4.5. Product portfolio
- 11.4.6. Business performance
- 11.4.7. Key strategic moves and developments
- 11.5. Google LLC
- 11.5.1. Company overview
- 11.5.2. Key Executives
- 11.5.3. Company snapshot
- 11.5.4. Operating business segments
- 11.5.5. Product portfolio
- 11.5.6. Business performance
- 11.5.7. Key strategic moves and developments
- 11.6. Microsoft Corporation
- 11.6.1. Company overview
- 11.6.2. Key Executives
- 11.6.3. Company snapshot
- 11.6.4. Operating business segments
- 11.6.5. Product portfolio
- 11.6.6. Business performance
- 11.6.7. Key strategic moves and developments
- 11.7. Oracle Corporation
- 11.7.1. Company overview
- 11.7.2. Key Executives
- 11.7.3. Company snapshot
- 11.7.4. Operating business segments
- 11.7.5. Product portfolio
- 11.7.6. Business performance
- 11.7.7. Key strategic moves and developments
- 11.8. International Business Machines Corporation
- 11.8.1. Company overview
- 11.8.2. Key Executives
- 11.8.3. Company snapshot
- 11.8.4. Operating business segments
- 11.8.5. Product portfolio
- 11.8.6. Business performance
- 11.8.7. Key strategic moves and developments
- 11.9. Amazon Web Services, Inc.
- 11.9.1. Company overview
- 11.9.2. Key Executives
- 11.9.3. Company snapshot
- 11.9.4. Operating business segments
- 11.9.5. Product portfolio
- 11.9.6. Business performance
- 11.9.7. Key strategic moves and developments
- 11.10. Hewlett Packard Enterprise Development LP
- 11.10.1. Company overview
- 11.10.2. Key Executives
- 11.10.3. Company snapshot
- 11.10.4. Operating business segments
- 11.10.5. Product portfolio
- 11.10.6. Business performance
- 11.10.7. Key strategic moves and developments