The Global Natural Language Processing Market size is expected to reach $29.5 billion by 2025, rising at a market growth of 20.5% CAGR during the forecast period.
Natural language processing involves several different techniques for human language interpretation, ranging from statistical and machine learning methods to algorithmic and rules-based approaches. A wide range of approaches are necessity because text-and voice-based data, like practical applications, varies widely. Basic NLP tasks include tokenization and sorting, lemmatization/stemming, speech tagging, language detection, and semantic relationship identification. NLP tasks generally break down language into smaller, simpler pieces, understand the relationships between the pieces, and explore how the pieces work together to create meaning.
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