Global AI Text-based NLP Market Size and Forecast by Technology, Deployment Model, Industry, Organization Size, Application, and Region: Statistics | 2019-2032

AI Text-based NLP Market Growth and Performance

Key Takeaways:

• In 2023, the global AI text-based NLP market size reached US$ 6.49 Billion, witnessing a YoY growth of 30.4%.
• The market is projected to experience a significant upsurge in market revenue, reaching US$ 45.78 Billion by the end of 2032.
• In terms of growth, the global AI text-based NLP market is anticipated to expand at a CAGR of 23.7% between 2024 and 2032.
• The machine learning-based NLP segment is projected to experience a significant upsurge in market revenue, reaching US$ 26.75 Billion by the end of 2032.
• The AI text-based NLP market is expected to witness an absolute dollar opportunity of US$ 39.30 Billion between 2024 and 2032.
• Among the diverse regions within this market, Asia Pacific AI text-based NLP market took the lead, reaching a market value of US$ 2.31 Billion in 2023.
• The fastest growing market among regions is Asia Pacific, experiencing a CAGR of 26.8% between 2024 and 2032.
• While all the leading countries are still important, US ruled as the leading market in the global AI text-based NLP industry in 2023.
• Among the diverse end users, IT and telecom was the largest end-user vertical in terms of spending in the market in 2023.
• Text-based NLP market growth is mainly driven by ongoing advancements in AI and machine learning and growing demand for big data.

AI Text-based NLP Market Scope

AI Text-Based NLP Industry: Regional Coverage