NLU Market Dynamics: From Conversational AI to Cognitive Computing
Jakson25825 Nov, 2024Technology
The natural language understanding (NLU) market is expected 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. The natural language understanding market is driven growing consumer demand for personalized and intuitive interactions, increased productivity and reduced call duration in contact centers, rising demand for brand messaging and exponential growth of unstructured text data.
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