Global NLP in Finance Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Natural Language Processing (NLP) in Finance refers to the application of language understanding and processing techniques within the financial domain. It involves using computational algorithms to analyze, interpret, and derive insights from textual data in the financial sector.

Sizing and Forecast
The nlp in finance market size has grown exponentially in recent years. It will grow from $5.34 billion in 2023 to $6.65 billion in 2024 at a compound annual growth rate (CAGR) of 24.3%.  The  growth in the historic period can be attributed to rise in content creation evolution in ai and deep learning, acceleration in the deployment of large language models (llms), enhanced customer experiences, application of sentiment analysis in the finance industry.

The nlp in finance market size is expected to see exponential growth in the next few years. It will grow to $16.14 billion in 2028 at a compound annual growth rate (CAGR) of 24.8%.  The growth in the forecast period can be attributed to increasing adoption of ai, increasing demand for automated and efficient financial services, emergence of ai and ml models, increasing data extraction and analysis, increasing fraud detection and security. Major trends in the forecast period include innovation of cloud storage, continuous product innovations, technological advancement, rising collaborations.

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Segmentation & Regional Insights
The nlp in finance market covered in this report is segmented –
1) By Offering: Services, Software
2) By Technology: Machine learning, Deep learning, Natural language generation, Text classification, Topic modeling, Emotion detection, Other Technologies
3) By Vertical: Banking, Insurance, Financial services, Other Enterprise Verticals

North America was the largest region in the nlp in finance market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nlp in finance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The increasing adoption of AI is expected to boost the growth of the NLP in the finance market going forward. Artificial Intelligence (AI) involves replicating human intelligence in machines, programming them to think and learn like humans. AI-powered natural language processing assists financial institutions in extracting valuable insights from extensive textual data sources like news articles, financial reports, and social media content, facilitating efficient analysis and informed decision-making by financial professionals. For instance, in January 2022, according to the Government Digital Service, a UK-based government body, the adoption rate rose to 22.7% in 2025 from 15.1% in 2020, with 267,000 more companies implementing AI in their daily operations. Therefore, the increasing adoption of AI is driving the growth of the NLP in the finance market.

Key Industry Players
Major companies operating in the nlp in finance market report are Google LLC, Microsoft Corporation, Amazon Web Services Inc., IBM Corporation, Oracle Corporation, Mosaic, Baidu, SAS Institute, Qualtrics, LivePerson, NuanceCommunications, Veritone, Basis Technology, Uniphore, Expert.ai, Bitext, ABBYY, Automated Insights, Conversica, Skit.ai, Kensho, Kasisto, Inbenta, Observe.Al, Addepto, Accern

The nlp in finance market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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