Worldwide revenue from the natural language processing (NLP) market is forecast to increase rapidly in the next few years. The NLP market is predicted be almost 14 times larger in 2025 than it was in 2017, increasing from around three billion U.S. dollars in 2017 to over 43 billion in 2025. Natural language processing (NLP) is a branch of artificial intelligence (AI) that helps computers understand, interpret and manipulate human language. Drawing from computer science and computational linguistics among other disciplines, NLP attempts to fill the gap between human communication and computer understanding.
Sustainable growth expected in worldwide artificial intelligence
Artificial intelligence (AI) refers to the creation of intelligent hardware or software able to replicate human behaviors such as learning and problem solving. With year-on-year growth in the AI software market exceeding 100 percent, worldwide revenue from the AI software market is forecast to reach around 126 billion U.S. dollars in 2025. North America and Asia are the regions predicted to undergo the largest increases in revenue in the AI software market, with AI expected to contribute over ten percent to the GDP in both regions in 2030. China is expected to see the largest GDP growth - 26.1 percent - as a result of the implementation of AI.
Revenues from the natural language processing (NLP) market worldwide from 2017 to 2025
(in million U.S. dollars)
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Tractica. (December 12, 2018). Revenues from the natural language processing (NLP) market worldwide from 2017 to 2025 (in million U.S. dollars) [Graph]. In Statista. Retrieved May 21, 2022, from https://www.statista.com/statistics/607891/worldwide-natural-language-processing-market-revenues/
Tractica. "Revenues from the natural language processing (NLP) market worldwide from 2017 to 2025 (in million U.S. dollars)." Chart. December 12, 2018. Statista. Accessed May 21, 2022. https://www.statista.com/statistics/607891/worldwide-natural-language-processing-market-revenues/
Tractica. (2018). Revenues from the natural language processing (NLP) market worldwide from 2017 to 2025 (in million U.S. dollars). Statista. Statista Inc.. Accessed: May 21, 2022. https://www.statista.com/statistics/607891/worldwide-natural-language-processing-market-revenues/
Tractica. "Revenues from The Natural Language Processing (Nlp) Market Worldwide from 2017 to 2025 (in Million U.S. Dollars)." Statista, Statista Inc., 12 Dec 2018, https://www.statista.com/statistics/607891/worldwide-natural-language-processing-market-revenues/
Tractica, Revenues from the natural language processing (NLP) market worldwide from 2017 to 2025 (in million U.S. dollars) Statista, https://www.statista.com/statistics/607891/worldwide-natural-language-processing-market-revenues/ (last visited May 21, 2022)
