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Publication: June 2024
Report Type: Sub-Tracker
Report Format: PDF DataSheet
Report ID: AI42668 
  Pages: 110+  

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

Report Format: PDF DataSheet |   Pages: 110+  

 June 2024  | 

India AI Natural Language Processing Market Growth and Performance

  • 2023 saw the India AI natural language processing market size rose to US$ 491.3 Million, marking a 38.4% YoY growth.
  • DataCube Research foresees, the AI natural language processing market in India is set to make significant strides on the global stage, with projected revenue reaching US$ 7.63 Billion by 2032. Moreover, our analysis indicates a promising trajectory, an anticipated CAGR of 35.3% from 2024 to 2032.
  • Within the Indian AI natural language processing market, our research highlights the dominance of the language translation NLP segment, which claimed the largest market share of 60.2% in 2023. This underscores the segment's robust position and potential for continued growth.
  • In our projections, we also pay close attention to end user dynamics. We anticipate the healthcare sector to emerge as a key driver of growth, expanding with a fastest CAGR of 37.8% during the forecast period spanning 2024 to 2032.

India AI Natural Language Processing Market Scope

Analysis Period

2019-2032

Actual Data

2019-2023

Base Year

2024

Estimated Year

2024

CAGR Period

2024-2032
 

Research Scope

Type

Language Translation NL

Speech-based NL

Text-based NL

Deployment Model

Cloud-base

Hybri

On-premis

Industry

BFSI

Energy and Power

Healthcare

IT and Telecom

Manufacturing

Media and Entertainment

Other

Public Sector

Retail

Transportation and Logistics

Organization Size

Large Enterprise

Mid Enterprise

Small Enterprise
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*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]