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The global natural language processing market is projected to reach $262.4 billion by 2030, at a CAGR of 34.4% from 2023 to 2030. Natural language processing (NLP) is a form of artificial intelligence (AI) that allows computers to understand human language. NLP offers several benefits for companies across industries, such as enabling non-subject matter experts to find answers to their questions, analyzing data from both structured and unstructured sources, and identifying the root causes of business problems. The growth of the natural language processing market is driven by the increased use of smart devices and the growing demand for NLP-based applications for customer support and NLP tools in call centers.