In 2021, the global Natural Language Processing (NLP) Market was valued at USD 16.53 billion. COVID-19 has had an unprecedented and astonishing worldwide impact, with NLP solutions/services seeing a positive demand shock across all areas as a result of the pandemic. According to our calculations, the global market will rise by 26.5 percent in 2020 compared to year-on-year growth from 2017 to 2019. During the period 2021-2028, the market is expected to increase at a CAGR of 29.4%, from USD 20.98 billion in 2021 to USD 127.26 billion in 2028. This market's demand and growth are responsible for the continuous increase in CAGR, which will revert to pre-pandemic levels after the pandemic is ended.
Natural language processing serves as a link between humans and machines. The input instructions provided by humans are straightforward for computers to grasp with its assistance. It's also a type of artificial intelligence (AI) that comprehends, interprets, and manipulates human language.
Read more @ https://cmilatestinsights.blogspot.com/2021/12/natural-language-processing-nlp-market.html
