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Publication: June 2024
Report Type: Niche Report
Report Format: PDF DataSheet
Report ID: AI42624 
  Pages: 160+  

Western 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  | 

Western Europe AI Natural Language Processing Market Growth and Performance

  • In 2023, the Western Europe AI natural language processing market was valued at US$ 5.86 Billion, reflecting a year-on-year growth rate of 25.5%.
  • By the end of 2032, the Western Europe AI natural language processing market size is forecast to reach US$ 29.22 Billion, registering a CAGR of 19.0% during the forecast period.
  • In 2032, the Speech-based NLP segment is projected to experience a significant upsurge in market revenue, reaching US$ 17.71 Billion. This segment is likely to be the largest segment, with 60.6% market share.
  • In terms of spending on associated solutions and services, IT and telecom sector dominated the AI natural language processing market in Western Europe in 2023.

Western Europe 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

Western Europe AI Natural Language Processing Industry: Regional Coverage

 

Countries

Western Europe

U

German

Franc

Ital

Spai

Benelu

Nordic

Rest of Western Europ


*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]