Research reveals that the global natural language processing (NLP) market size is projected to grow by $33 billion within the next five years, an annual growth rate of 25%.
The use of natural language processing for search capability is ubiquitous – from the Google-type “ask a question and get an answer” environment consumers love to the augmented analytics solution that provides an NLP environment to make it easy for non-technical business users to perform data analytics, using the tried-and-true question/answer approach, without the need for data science or IT skills.