Natural Language Processing is a Key Engine of AI Market Growth, Enabling 44 Discrete Use Cases Across 17 Industries, According to Tractica
Summary
The market intelligence firm forecasts that global software, hardware, and services spending on NLP will reach $43.3 billion by 2025. NLP is a critical technology for extracting insights and analysis from a vast amount of previously unindexed and unstructured data: mining video and audio files, emails, scanned documents, and more.” In addition, the report details the market trends and technology issues surrounding natural language processing and presents forecasts for NLP hardware, software, and services during the period from 2017 through 2025. Market forecasts, segmented by world region, include projections of software, hardware, and services revenue across multiple industry sectors. Tractica’s global market research and consulting services combine qualitative and quantitative research methodologies to provide a comprehensive view of the emerging market opportunities surrounding Artificial Intelligence, Robotics, User Interface Technologies, Advanced Computing, Connected & Autonomous Vehicles, and Wearables & Digital Health.