Market for Natural Language Understanding Solutions to Reach $62.9 Billion by 2029
Jakson25811 Sep, 2024Technology
The natural language understanding (NLU) market is expected to grow from USD 19.2 billion in 2024 to USD 62.9 billion by 2029, at a CAGR of 26.8%. This growth is fueled by rising consumer demand for personalized interactions, improved productivity, shorter call durations in contact centers, a need for effective brand messaging, and the rapid expansion of unstructured text data.
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