US Natural Language Processing Market Size | 2019-2032

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

Avalibale Format*:   Pivot  |  ReportID: AI42644  |  Coverage: REGIONAL | Type: DataBook
Category: Information Technology  |  Sub-Category: Artificial Intelligence
Published Date: June 2024   

US Natural Language Processing Market Growth and Performance

US Natural Language Processing Market


  • In 2023, the US natural language processing market size represented US$ 9.18 Billion, grew by 24.4% compared to previous year.
  • This market is projected to register a compound annual growth rate (CAGR) of 21.3% from 2024 to 2032, resulting in a forecasted market value of US$ 54.14 Billion by the end of 2032.
  • When compared at a segmental level, in the US, speech-based NLP segment generated the highest revenue in 2023.
  • In the US natural language processing market, the largest end user sector will be IT and telecom, with a projected market value of US$ 18.66 Billion by 2032.

US 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

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