Natural Language Processing Market Revenue to Attain USD 571.65 Bn by 2033

22 Apr 2025

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Table of Content

1. Natural Language Processing Market Revenue and Trends 2025 to 2033 2. Market Overview 3. Report Highlights 4. Market Trends 5. Regional Insights 6. Natural Language Processing Market Coverage 7. Market News 8. Natural Language Processing Market Key Players 9. Market Segmentation

Natural Language Processing Market Revenue and Trends 2025 to 2033

The global natural language processing market revenue surpassed USD 42.47 billion in 2025 and is predicted to attain around USD 571.65 billion by 2033, growing at a CAGR of 38.40%. The demand for natural language processing is increasing due to the growing consumer demand for developed technologies.

Market Overview

The natural language processing market refers to the industry that offers solutions and tools allowing computers to process and understand human language, both written and spoken. This involves technologies such as text summarization, sentiment analysis, machine translation, and chatbots. Computers can understand the data and language involved in the documents and can rearrange them in a proper sequence. With the growing contact of machines and humans, the demand for the market has been increasing exponentially in recent years.

Report Highlights

• By component, the solution segment led the natural language processing market in 2024. The dominance of the segment can be attributed to the rise in user needs, legislation, and competition in businesses. The service segment is expected to grow at the fastest rate over the forecast period. The growth of the segment can be credited to the surge in software implementation, along with the reduced deployment cost and risks.
• By industry vertical, the banking, financial services, and insurance segment held the largest market share in 2024. The dominance of the segment can be linked to ongoing advancements and enhanced digitalization across the world. The healthcare segment is anticipated to grow at the fastest rate over the forecast period. The growth of the segment can be driven by the growing adoption of innovative technologies in various sectors.
• By enterprise, the large-sized enterprise segment led the natural language processing market in 2024. The dominance of the segment is due to the growing demand for NLP with advanced techniques. The medium-sized enterprise segment is expected to grow at the fastest rate during the forecast period. The growth of the segment is owing to the affordability of NLP tools by medium-sized organizations.
• By deployment, the on-premises segment dominated the market. The dominance of the segment is linked to the rising adoption of cloud-based NLP across many industries. The cloud segment is anticipated to grow fastest over the projected period. The growth of the segment can be driven by ongoing innovations in cloud computing, which have transformed the industry.

Market Trends

Increasing Adoption of Smart Devices

Ongoing advancements and developments in the market with the enhanced Internet of Things the connectivity for the transmission of data between humans and machines are facilitating the rapid adoption of smart devices. Also, the market has expanded in different sectors like industries, health care, home, transportation, and education for easy communication between persons and machines, and for keeping the documentation of data.

Increasing Popularity of Cloud-based NLP Systems

Organizations are rapidly adopting cloud-based solutions to offer good scalability and minimize overall costs. These solutions decrease the time needed for data collection and processing. Furthermore, technological innovations in artificial intelligence have revolutionized the way companies operate. Businesses, particularly start-ups and SMEs, are getting customized solutions based on their needs.

Growing Adoption in the Healthcare Industry

The natural language processing market is expanding with the healthcare sector's growing reliance on these technologies. NLP handles and analyzes large amounts of unstructured clinical data like medical research articles, patient feedback, and electronic health records (EHRs) easily. Moreover, the robust molecular and clinical datasets have substantially enhanced the predictive modeling of biological and pharmaceutical functions

Regional Insights

North America dominated the natural language processing market in 2024. The dominance of the region can be attributed to the region's strong technological infrastructure, substantial investments in AI and ML technologies, and the strong presence of major market players. Furthermore, the increasing focus on improving user experience and the extensive adoption of innovative analytics in industries like finance, customer service, and healthcare further impact the market growth in the region. The major market players in the region include Google, LLC. (Alphabet), IBM Corporation and SoundHound AI, Inc. 

Europe is expected to grow at the fastest rate in the natural language processing market over the forecast period. The growth of the region can be linked to the ongoing technological advancements, rising smartphone usage, coupled with the rapid digitalization of economies. Moreover, the region holds a prominent position in advanced industries such as robotics and also has strong software, IT infrastructure, and service offerings. All these factors would create positive growth opportunities in the market.

Market News

• In March 2023, Amazon partnered with IIT Bombay to initiate the Amazon IIT–Bombay AI-Machine Learning Initiative. This project aims to promote advanced research in machine learning and artificial intelligence, focusing on language, speech, and multimodal AI fields.
• In March 2023, Kensho Technologies launched a novel NLP solution, named Kensho Classify. This solution derives value from a large volume of text and documents by making content easily discoverable, enabling smart search, and streamlined research and analysis.
• In February 2023, Bain and Company declared a global services partnership with OpenAI, the organization responsible for developing AI systems such as ChatGPT, DALL·E, and Codex, which are revolutionizing communication and creative processes. This partnership extends Bain's integration of OpenAI's technologies across its workforce of 18,000 diverse professionals.

Natural Language Processing Market Key Players

• Spark Cognition, Inc
• Conversica
• Linguamatics
• Narrative science
• SAP SE
• Veritone Inc.
• SAS Institute Inc.
• Inbenta
• Intel Corporation
• Google, Inc
• IBM Corporation
• Hewlett Packard Enterprise Development LP
• Microsoft Corporation
• Biadu, Inc
• Amazon Web Services, Inc
• Facebook,Inc
• Apple,Inc
• Bitext
• Health Fidelity
• Linguamatics
• Automated Insights
• Gnani.ai
• Niki
• Mihup
• Observe.Al
• Hyro
• Just Al
• RaGaVeRa

Market Segmentation

By Technology

• Interactive voice response
• Optical character recognition
• Text analytics
• Speech analytics
• Classification and categorization
• Pattern and image recognition
• Ohers (Coding, Professional services, etc)

By Industry Vertical

• Manufacturing
• Advertising and media
• Automotive and transportation
• Banking financial services and insurance (BFSI)
• High tech and telecom
• Energy utilities
• Government and public sector
• Education
• Transport and logistics
• Retail and ecommerce
• Healthcare

By Enterprise size

• Small Enterprises
• Medium-sized enterprises
• Large enterprises

By Type

• Rule-based
• Statistical
• Hybrid 

By Deployment

• On premises
• Cloud (Public cloud and private cloud)
• Hybrid

By Component

• Solutions
  • Platform
  • Software tools
• Services
  • Professional Services
    • Consulting
    • System integration and implementation
    • Support and maintenance
• Managed Services

By Application

• Language scoring
• Content management
• Automatic summarization
• Risk and threat detection
• Data extraction
• Sentiment analysis
• Others (HR and Recruiting branding, advertising, portfolio monitoring)

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