Natural Language Processing (nlp) Market To Hit $ 158.2 Billion By 2031: Verified Market Research

The global natural language processing (NLP) market is expected to reach a value of USD 158.2 Billion by 2031, growing at a CAGR of 23.1% from 2024 to 2031. NLP is a computer application under artificial intelligence that can understand human language and is used for analyzing and interpreting large amounts of data. The market is driven by the increasing use of NLP in various industries and the growing demand for efficient data analysis. However, limitations and restrictions such as lack of skilled professionals and data privacy concerns may hinder market growth.