NLP language Models scope predictions of IT Industry

Jakson25818 Feb, 2025Technology

According to a report by Markets and Markets, “The global Natural Language Processing (NLP) market size to grow from USD 18.9 billion in 2023 to USD 68.1 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 29.3% during the forecast period.” The report also states, “The rise in the adoption of NLP-based applications across verticals to enhance customer experience and increase in investments in the healthcare vertical is expected to offer opportunities for NLP vendors.”