Natural Language Processing Global Market 2023: Sector To Reach $74.3 Billion By 2028 At A Cagr Of 26.54%

This report provides an analysis of the global natural language processing (NLP) market. It is estimated that the market size reached US$ 18.1 Billion in 2022 and is expected to reach US$ 74.3 Billion by 2028, exhibiting a CAGR of 26.54% during 2022-2028. Natural language processing (NLP) is a branch of artificial intelligence (AI) that enables computers to understand, analyze and interpret human language, both spoken and written. It allows users to have human-like conversations with a computer directly by using AI and algorithms that help computers accurately recognize and respond to human communication.