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. Even in the wake of the global Covid-19 pandemic, enterprise organizations understand – and are investing in – NLP more than ever before. In fact, a recent study showed that despite a downturn in overall IT spending this year, NLP budgets increased (download required) anywhere from 10% to 30% across organization industries, company sizes and locations.
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