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The Natural Language Processing (NLP) market is estimated to grow from USD 18.9 billion in 2023 to USD 68.1 billion by 2028, at a CAGR of 29.3%. NLP refers to the branch of computer science, specifically the branch of Artificial Intelligence (AI), concerned with giving computers the ability to understand text and spoken words in much the same way human beings can. The market for NLP relies heavily on its services segment to achieve effective software operations. The cloud segment is expected to hold the largest market.