BRICS Natural Language Processing Market Size | 2019-2032

BRICS Natural Language Processing Market Size and Forecast by Type, Deployment Model, Industry, Organization Size, and Country: 2019-2032

Avalibale Format*:   Pivot  |  ReportID: AI42642  |  Coverage: REGIONAL | Type: DataBook
Category: Information Technology  |  Sub-Category: Artificial Intelligence
Published Date: June 2024   

BRICS Natural Language Processing Market Growth and Performance

BRICS Natural Language Processing Market


  • The natural language processing market size in BRICS increased to US$ 4.79 Billion in 2023, with a year-on-year growth rate of 37.2%.
  • By the end of 2032, the BRICS natural language processing market is on track to achieve US$ 51.07 Billion, with a forecasted Compound Annual Growth Rate (CAGR) of 29.4% throughout the forecast period.
  • The speech-based NLP segment is estimated to hold the largest market share of 65.2% and be valued at US$ 33.32 Billion in 2032.
  • In 2032, 70.7% of the total spending in the BRICS natural language processing market is forecasted to come from China.

BRICS Natural Language Processing Market Scope

Analysis Period

2019-2032

Actual Data

2019-2023

Base Year

2023

Estimated Year

2024

CAGR Period

2024-2032

 

Research Scope

Type

Language Translation NLP

Speech-based NLP

Text-based NLP

Deployment Model

Cloud-based

Hybrid

On-premise

Industry

BFSI

Energy and Power

Healthcare

IT and Telecom

Manufacturing

Media and Entertainment

Other

Public Sector

Retail

Transportation and Logistics

Organization Size

Large Enterprises

Mid Enterprises

Small Enterprises

 

BRICS Natural Language Processing Industry: Regional Coverage

 

Countries

BRICS

Brazil

Russia

India

China

South Africa

 

For Enquiry