Natural Language Processing (nlp) Market Nlp Market: A Comprehensive Analysis Of Emerging Technologies, Algorithms, And Platforms Driving Innovation In Natural Language Understanding

This article discusses the growing market for Natural Language Processing (NLP) technology, which is a category within artificial intelligence (AI). The report predicts that the market will reach a value of $131.33 billion by 2031, with a CAGR of 27.8% during the forecast period of 2024-2031. NLP is used in various industries such as BFSI, IT & ITeS, retail, healthcare, and government, among others. The report also highlights the different types of NLP, such as rule-based, statistical, and hybrid, as well as the various applications and technologies involved.