Natural Language Processing Software, Hardware, and Services Market to Reach .1 Billion by …

BOULDER, Colo.–(BUSINESS WIRE)–Natural language processing (NLP) is emerging as one of the most highly utilized technologies in the broader field of artificial intelligence (AI). Benefiting from recent NLP technology advances and the ever-increasing value of data, programs that can recognize natural language as spoken and written by humans are already widely used for clinical documentation, airline reservations, and automotive roadside assistance. Going forward, according to a new report from Tractica, NLP will be increasingly adopted in a wide range of industries, both in the form of virtual digital assistants (VDAs) as well as through integration into a variety of enterprise software and systems. Tractica forecasts that the global market for enterprise NLP software, hardware and services will increase from $277.2 million in 2015 to $2.1 billion by 2024, at a…


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