Natural Language Processing Market Analysis, Application, And Forecast To 2030

May 27, 2023 ⚊ 1 Min read ⚊ Views 54 ⚊ TECHNOLOGY

The Natural Language Processing Market is projected to reach $262.4 billion by 2030, at a CAGR of 34.4% during the forecast period.

The growth of the natural language processing market is driven by the increased use of smart devices, the growing demand for NLP-based applications for customer support, and the rising demand for NLP tools in call centers. Moreover, the rapid adoption of cloud-based technologies and the increasing applications of NLP in the healthcare sector provide significant opportunities in the global natural language processing market.

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