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Publication: July 2024
Report Type: Niche Report
Report Format: PDF DataSheet
Report ID: AI42438 
  Pages: 160+  

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

Report Format: PDF DataSheet |   Pages: 160+  

 July 2024  | 

Western Europe AI Text-based NLP Market Growth and Performance

Western Europe AI Text-based NLP Market

  • In 2023, the Western Europe AI text-based NLP market was valued at US$ 1.34 Billion, reflecting a year-on-year growth rate of 30.3%.
  • By the end of 2032, the Western Europe AI text-based NLP market size is forecast to reach US$ 8.04 Billion, registering a CAGR of 21.2% during the forecast period.
  • In 2032, the machine learning-based NLP segment is projected to experience a significant upsurge in market revenue, reaching US$ 4.95 Billion. This segment is likely to be the largest segment, with 61.0% market share.
  • In terms of spending on associated solutions and services, IT and telecom sector dominated the AI text-based NLP market in Western Europe in 2023.

Western Europe AI Text-based NLP Market Scope

Analysis Period

2019-2032

Actual Data

2019-2023

Base Year

2024

Estimated Year

2024

CAGR Period

2024-2032
 

Research Scope

Technology

Machine Learning-based NL

Deep Learning-based NL

Rule-based NL

Deployment Model

On-premis

Cloud-base

Hybri

Industry

IT and Telecom

Media and Entertainment

Energy and Power

Transportation and Logistics

Healthcare

BFSI

Retail

Manufacturing

Public Sector

Other

Organization Size

Large Enterprise

Mid Enterprise

Small Enterprise

Application

Customer Servic

Content Creation and Managemen

Sentiment Analysis and Social Media Monitorin

Translation and Localizatio

Information Retrieval and Searc

Text Analytics and Data Minin

Western Europe AI Text-Based NLP 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]