Global Natural Language Processing Market was valued at US$ 6.59Bn in 2019 and is expected to reach US$ 22.59Bn by 2027, at a CAGR of 16.65 % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Major factors contributing to the growth of the global Natural Language Processing market are growth in smart device usage, demand for improved customer experience, and potential growth in machine-to-machine technology.