Natural Language Understanding Market 2023: Global Trends, Type, Size, Application, Drivers And Tren

Mnmlatesttrends04 Jul, 2024Technology

The Natural Language Understanding (NLU) Market is estimated to grow from USD 19.2 billion in 2024 to USD 62.9 billion in 2029, at a CAGR of 26.8% during the forecast period, according to a new report by MarketsandMarkets?. The growth of the natural language understanding market is driven by an increasing consumer demand for personalized and intuitive interactions, enhanced productivity, shorter call durations in contact centers, a rising need for impactful brand messaging, and the rapid expansion of unstructured text data.