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Publication: June 2024
Report Type: Niche Report
Report Format: PDF DataSheet
Report ID: AI42640 
  Pages: 160+  

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

Report Format: PDF DataSheet |   Pages: 160+  

 June 2024  | 

Europe AI Natural Language Processing Market Growth and Performance

  • In 2023, the Europe AI natural language processing market was valued at US$ 6.45 Billion, reflecting a year-on-year growth rate of 25.8%.
  • By the end of 2032, the Europe AI natural language processing market size is forecast to reach US$ 32.81 Billion, registering a CAGR of 19.2% during the forecast period.
  • In 2032, the speech-based NLP segment is projected to experience a significant upsurge in market revenue, reaching US$ 19.29 Billion. This segment is likely to be the largest segment, with 58.8% market share.
  • In terms of spending on associated solutions and services, IT and telecom sector dominated the AI natural language processing market in Europe in 2023.

Europe AI 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

 

 

Europe AI Natural Language Processing Industry: Regional Coverage

 

Countries

Europe

UK

Germany

France

Italy

Spain

Benelux

Nordics

Russia

Poland

Rest of Europe


*Research Methodology: This report is based on DataCube’s proprietary 3-stage forecasting model, combining primary research, secondary data triangulation, and expert validation. [Learn more]