Natural Language Processing Market Size To Worth Usd 49 Billion By 2030 With A 20% Cagr As Revealed In New Report

Natural language processing (NLP) is a technology that combines computational linguistics with statistical, machine learning, and deep learning models to process human language in the form of text or voice data. The global NLP market is expected to reach USD 49 billion by 2030, with a CAGR of 20%. The market is driven by the increasing use of NLP in various applications such as digital assistants, speech-to-text dictation software, and customer service chatbots. IBM’s Watson Natural Language Understanding (NLU) is a popular tool in this market.