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Publication: June 2024
Report Type: Niche Report
Report Format: PDF DataSheet
Report ID: AI42523 
  Pages: 110+  

Nigeria AI Text-based NLP Market Analysis, Size, and Forecast by Technology, Deployment Model, Industry, Organization Size, and Application: 2019-2032

 June 2024   

Nigeria AI Text-based NLP Market Growth and Performance

Nigeria AI Text-based NLP Market

  • By 2032, revenue in the Nigeria AI text-based NLP market is expected to reach US$ 235.9 Million, with a forecasted Compound Annual Growth Rate (CAGR) of 26.8% from 2024 to 2032.
  • By technology, the preeminent segment is expected to be machine learning-based nlp, with a market valuation of US$ 141.5 Million in 2032.
  • Among various end users in Nigeria, IT and Telecom sector was valued at US$ 10.4 Million in 2023.
  • Further, it's projected that 40.2% of the total revenue in the Nigeria AI text-based NLP market will be attributed to IT and Telecom end user by 2032.

Nigeria AI Text-based NLP Market Scope

Analysis Period

2019-2032

Actual Data

2019-2023

Base Year

2023

Estimated Year

2024

CAGR Period

2024-2032
 

Research Scope

Technology

Machine Learning-based NLP

Deep Learning-based NLP

Rule-based NLP

Deployment Model

On-premise

Cloud-based

Hybrid

Industry

IT and Telecom

Media and Entertainment

Energy and Power

Transportation and Logistics

Healthcare

BFSI

Retail

Manufacturing

Public Sector

Other

Organization Size

Large Enterprises

Mid Enterprises

Small Enterprises

Application

Customer Service

Content Creation and Management

Sentiment Analysis and Social Media Monitoring

Translation and Localization

Information Retrieval and Search

Text Analytics and Data Mining