Transforming Financial Services: NLP Market Projected to Reach $18.8 Billion

Webersnits13 Sep, 2024News

The global NLP in Finance Market size is projected to grow from USD 5.5 billion in 2023 to USD 18.8 billion by 2028 at a compound annual growth rate (CAGR) of 27.6%., during the forecast period 2023 to 2028, according to a new report by MarketsandMarkets?. The rise in content creation and creative application, evolution in AI and deep learning, innovation of cloud storage enabling easy access to data, and acceleration in the deployment of Large Language Models (LLMs).