Natural Language Processing (NLP) Market Outlook 2026 By Component, Size, Share, Trends, Opportunity and Forecast
According to TechSci Research, Global Natural Language Processing Market was valued at USD11.82 billion in 2020 and is projected to reach USD53.08 billion by 2026. Rise in usage of voice assistants, availability of large volume of datasets and increased engagement on social media platforms are the primary factors for the growth of Global Natural Language Processing Market in the coming years . Global Natural Language Processing Market is segmented into component, deployment mode, type, application, vertical, and region. Based on component, the market is segmented into solutions, services, and managed services. Solutions segment captured 37.70% share of the global market in the year 2020. However, service segment is expected to grow at highest CAGR through 2026 due to widespread adoption of AI techniques by organizations across the globe. Based on deployment mode, the market is sub-segmented into on-premises and cloud. The on-premises segment held a market share of 52....