Natural Language Processing Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Natural Language Processing Companies and is Segmented by Deployment (On-premise and Cloud), Organization Size (Large Organizations and Small and Medium Organizations), Type (Hardware, Software, and Services), Processing Type (Text, Speech/Voice, and Image), End-user Industry (Education, BFSI, Healthcare, IT and Telecom, Retail, Manufacturing, Media, and Entertainment), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Natural Language Processing Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Natural Language Processing Market Size

Natural Language Processing Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 39.37 Billion
Market Size (2030) USD 115.29 Billion
CAGR (2025 - 2030) 23.97 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Natural Language Processing Market  Major Players

*Disclaimer: Major Players sorted in no particular order

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Natural Language Processing Market Analysis

The NLP Market size is estimated at USD 39.37 billion in 2025, and is expected to reach USD 115.29 billion by 2030, at a CAGR of 23.97% during the forecast period (2025-2030).

  • Over the past few years, deep learning architectures and algorithms have made impressive advances in image recognition and speech processing. The application of natural language processing (NLP) has made significant contributions, yielding state-of-the-art results for some complex NLP application tasks. NLP has witnessed considerable growth over the past few years, owing to the affordable, scalable, and computational power, increased digitization of data, and the merger of NLP with deep learning (DL) and machine learning (ML).
  • The increasing use of NLP in healthcare and call centers, rising demand for advanced text analytics, and growing machine-to-machine technology are the primary factors responsible for the market studied.
  • NLP is witnessing growth in healthcare centers, as many organizations use the technology to ingest and analyze massive amounts of patient data. Additionally, the growing use of the internet and connected devices, along with the enormous volume of patient data, is driving the growth of the market studied. Apart from this, the rapidly increasing data security issues, along with the minimal accessibility of NLP-based software among organizations, are hampering industry expansion.
  • During the pandemic, the market witnessed high growth in the healthcare sector. For instance, in response to the COVID-19 pandemic, the White House and a coalition of leading research groups prepared the COVID-19 Open Research Dataset (CORD-19). CORD-19 is a resource of over 200,000 scholarly articles, including over 100,000 with full text, about COVID-19, SARS-CoV-2, and related coronaviruses. This freely available dataset was provided to the global research community to apply recent advances in natural language processing and other AI techniques to generate new insights supporting the fight against this infectious disease.

Natural Language Processing Industry Overview

The Natural Language Processing Market is highly competitive and consists of several major players who have been trying to gain larger shares. These major players with prominent shares in the market have been focusing on expanding their customer base across foreign countries. They are providing new innovative solutions, along with deals and mergers, to increase their market shares and profitability. Key players include Google Inc. and Microsoft Corporation. 

In October 2022, Red Hat and IBM launched Project Wisdom, a project to integrate natural language processing (NLP) into the open-source Ansible IT operations automation platform. The objective is to make IT automation more accessible to a larger spectrum of end users and IT professionals who lack the declarative programming skills required to automate IT operations using YAML files.

Natural Language Processing Market Leaders

  1. Microsoft Corporation

  2. Micro Focus International PLC (HPE)

  3. SAS Institute Inc.

  4. IBM Corporation

  5. Google Inc. (Alphabet Inc.)

  6. *Disclaimer: Major Players sorted in no particular order
Natural Language Processing (NLP) Market Concentration
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Natural Language Processing Market News

  • Oct 2022: IBM expanded its embeddable AI software portfolio with the launch of several new libraries aimed to help IBM Ecosystem partners, customers, and developers build and sell their own AI-powered products more easily, rapidly, and cost-effectively. The AI libraries were created by IBM Research and are intended to provide Independent Software Vendors (ISVs) from various industries with an easily scalable way to incorporate natural language processing, text-to-speech, and speech-to-text capabilities into applications running in any environment.
  • Jun 2022: Apple announced plans to provide an open-source reference PyTorch version of the Transformer architecture accessible, enabling developers globally to install Transformer models on Apple devices easily.

Natural Language Processing Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Industry Value Chain Analysis
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Consumers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Intensity of Competitive Rivalry
    • 4.3.5 Threat of Substitute Products
  • 4.4 Impact of COVID-19 on the Market
  • 4.5 Market Drivers
    • 4.5.1 Shifting Trend from Product-centric to Customer-centric Experience
    • 4.5.2 Increasing Demand for Smart Devices Across Industrial Internet of Things (IIoT)
  • 4.6 Market Restraints
    • 4.6.1 Lack of Skilled Professionals Across the Industry

5. MARKET SEGMENTATION

  • 5.1 By Deployment
    • 5.1.1 On-premise
    • 5.1.2 Cloud
  • 5.2 By Organization Size
    • 5.2.1 Large Organizations
    • 5.2.2 Small and Medium Organizations
  • 5.3 By Type
    • 5.3.1 Hardware
    • 5.3.2 Software
    • 5.3.3 Services
  • 5.4 By Processing Type
    • 5.4.1 Text
    • 5.4.2 Speech/Voice
    • 5.4.3 Image
  • 5.5 By End-user Industry
    • 5.5.1 Education
    • 5.5.2 BFSI
    • 5.5.3 Healthcare
    • 5.5.4 IT and Telecom
    • 5.5.5 Retail
    • 5.5.6 Manufacturing
    • 5.5.7 Media and Entertainment
    • 5.5.8 Other End-User Industries
  • 5.6 By Geography
    • 5.6.1 North America
    • 5.6.2 Europe
    • 5.6.3 Asia-Pacific
    • 5.6.4 Latin America
    • 5.6.5 Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 NVIDIA Corporation
    • 6.1.2 Intel Corporation
    • 6.1.3 Baidu Inc.
    • 6.1.4 Qualcomm Incorporated
    • 6.1.5 Texas Instrument
    • 6.1.6 Google Inc.
    • 6.1.7 Microsoft Corporation
    • 6.1.8 SAS Institute Inc.
    • 6.1.9 Verint System Inc.
    • 6.1.10 Adobe Inc.
  • *List Not Exhaustive

7. INVESTMENT ANALYSIS

8. FUTURE OF THE MARKET

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Natural Language Processing Industry Segmentation

Natural Language Processing (NLP) is a component of artificial intelligence (AI) that allows computers to assess and interpret both written and spoken human language.

The Natural Language Processing Market is Segmented by Deployment (On-premise and Cloud), Organization Size (Large Organizations and Small and Medium Organizations), Type (Hardware, Software, and Services), Processing Type (Text, Speech/Voice, and Image), End-user Industry (Education, BFSI, Healthcare, IT and Telecom, Retail, Manufacturing, Media, and Entertainment), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

By Deployment On-premise
Cloud
By Organization Size Large Organizations
Small and Medium Organizations
By Type Hardware
Software
Services
By Processing Type Text
Speech/Voice
Image
By End-user Industry Education
BFSI
Healthcare
IT and Telecom
Retail
Manufacturing
Media and Entertainment
Other End-User Industries
By Geography North America
Europe
Asia-Pacific
Latin America
Middle-East and Africa
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Natural Language Processing Market Research FAQs

How big is the NLP Market?

The NLP Market size is expected to reach USD 39.37 billion in 2025 and grow at a CAGR of 23.97% to reach USD 115.29 billion by 2030.

What is the current NLP Market size?

In 2025, the NLP Market size is expected to reach USD 39.37 billion.

Who are the key players in NLP Market?

Microsoft Corporation, Micro Focus International PLC (HPE), SAS Institute Inc., IBM Corporation and Google Inc. (Alphabet Inc.) are the major companies operating in the NLP Market.

Which is the fastest growing region in NLP Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in NLP Market?

In 2025, the North America accounts for the largest market share in NLP Market.

What years does this NLP Market cover, and what was the market size in 2024?

In 2024, the NLP Market size was estimated at USD 29.93 billion. The report covers the NLP Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the NLP Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Natural Language Processing Industry Report

Statistics for the 2025 NLP market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. NLP analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.