Enterprise investments in NLP are increasing, but accuracy and cost still impact implementation

The Natural Language Processing (NLP) market size is expected to grow from $10.2 billion in 2019 to $26.4 billion by 2024, according to research from MarketsandMarkets™. The major growth factors of the NLP market include the increase in smart device usage, the adoption of cloud-based solutions, and NLP-based applications to improve customer service, as well as the increases in the healthcare industry.