Natural language understanding market set to exceed $99.8 billion by 2032

From GlobeNewswire: 2024-11-27 06:30:00

The natural language understanding market is projected to surpass $99.8 billion by 2032, driven by AI integration, demand for better customer experiences, and efficient data analysis. Solutions like chatbots and virtual assistants contribute to the $16 billion solutions segment. Cloud-based deployment, with a CAGR of over 18%, offers scalability and cost advantages. North America leads with a 35% market share due to tech firms and AI adoption, with the U.S. at the forefront of NLU innovation.



Read more at GlobeNewswire: Natural Language Understanding Market to cross USD 99.8