NLP Market Share

Statistics for the 2023 & 2024 NLP market share, created by Mordor Intelligence™ Industry Reports. NLP share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

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Market Share of NLP Industry

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.)

*Disclaimer: Major Players sorted in no particular order

Natural Language Processing (NLP) Market Concentration

Natural Language Processing Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)