Natural Language Understanding (NLU) Market, Global Outlook and Forecast 2022-2028

March 2022 | 69 pages | ID: NBB25E920296EN
Market Monitor Global

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This report contains market size and forecasts of Natural Language Understanding (NLU) in Global, including the following market information:

Global Natural Language Understanding (NLU) Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Natural Language Understanding (NLU) market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Machine Translation Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Natural Language Understanding (NLU) include IBM Watson, Nuance Communications, Amazon AWS, Microsoft, SAS, Idiap and The Aspect NLU Lab, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Natural Language Understanding (NLU) companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Natural Language Understanding (NLU) Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Natural Language Understanding (NLU) Market Segment Percentages, by Type, 2021 (%)
  • Machine Translation
  • Voice-First Technologies
  • Chatbots
  • Conversational Search
Global Natural Language Understanding (NLU) Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Natural Language Understanding (NLU) Market Segment Percentages, by Application, 2021 (%)
  • Manufacturing
  • Healthcare
  • Other
Global Natural Language Understanding (NLU) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Natural Language Understanding (NLU) Market Segment Percentages, By Region and Country, 2021 (%)
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Russia
    • Nordic Countries
    • Benelux
    • Rest of Europe
  • Asia
    • China
    • Japan
    • South Korea
    • Southeast Asia
    • India
    • Rest of Asia
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • Turkey
    • Israel
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Natural Language Understanding (NLU) revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Natural Language Understanding (NLU) revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:
  • IBM Watson
  • Nuance Communications
  • Amazon AWS
  • Microsoft
  • SAS
  • Idiap
  • The Aspect NLU Lab
1 INTRODUCTION TO RESEARCH & ANALYSIS REPORTS

1.1 Natural Language Understanding (NLU) Market Definition
1.2 Market Segments
  1.2.1 Market by Type
  1.2.2 Market by Application
1.3 Global Natural Language Understanding (NLU) Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
  1.5.1 Research Methodology
  1.5.2 Research Process
  1.5.3 Base Year
  1.5.4 Report Assumptions & Caveats

2 GLOBAL NATURAL LANGUAGE UNDERSTANDING (NLU) OVERALL MARKET SIZE

2.1 Global Natural Language Understanding (NLU) Market Size: 2021 VS 2028
2.2 Global Natural Language Understanding (NLU) Market Size, Prospects & Forecasts: 2017-2028
2.3 Key Market Trends, Opportunity, Drivers and Restraints
  2.3.1 Market Opportunities & Trends
  2.3.2 Market Drivers
  2.3.3 Market Restraints

3 COMPANY LANDSCAPE

3.1 Top Natural Language Understanding (NLU) Players in Global Market
3.2 Top Global Natural Language Understanding (NLU) Companies Ranked by Revenue
3.3 Global Natural Language Understanding (NLU) Revenue by Companies
3.4 Top 3 and Top 5 Natural Language Understanding (NLU) Companies in Global Market, by Revenue in 2021
3.5 Global Companies Natural Language Understanding (NLU) Product Type
3.6 Tier 1, Tier 2 and Tier 3 Natural Language Understanding (NLU) Players in Global Market
  3.6.1 List of Global Tier 1 Natural Language Understanding (NLU) Companies
  3.6.2 List of Global Tier 2 and Tier 3 Natural Language Understanding (NLU) Companies

4 MARKET SIGHTS BY PRODUCT

4.1 Overview
  4.1.1 by Type - Global Natural Language Understanding (NLU) Market Size Markets, 2021 & 2028
  4.1.2 Machine Translation
  4.1.3 Voice-First Technologies
  4.1.4 Chatbots
  4.1.5 Conversational Search
4.2 By Type - Global Natural Language Understanding (NLU) Revenue & Forecasts
  4.2.1 By Type - Global Natural Language Understanding (NLU) Revenue, 2017-2022
  4.2.2 By Type - Global Natural Language Understanding (NLU) Revenue, 2023-2028
  4.2.3 By Type - Global Natural Language Understanding (NLU) Revenue Market Share, 2017-2028

5 SIGHTS BY APPLICATION

5.1 Overview
  5.1.1 By Application - Global Natural Language Understanding (NLU) Market Size, 2021 & 2028
  5.1.2 Manufacturing
  5.1.3 Healthcare
  5.1.4 Other
5.2 By Application - Global Natural Language Understanding (NLU) Revenue & Forecasts
  5.2.1 By Application - Global Natural Language Understanding (NLU) Revenue, 2017-2022
  5.2.2 By Application - Global Natural Language Understanding (NLU) Revenue, 2023-2028
  5.2.3 By Application - Global Natural Language Understanding (NLU) Revenue Market Share, 2017-2028

6 SIGHTS BY REGION

6.1 By Region - Global Natural Language Understanding (NLU) Market Size, 2021 & 2028
6.2 By Region - Global Natural Language Understanding (NLU) Revenue & Forecasts
  6.2.1 By Region - Global Natural Language Understanding (NLU) Revenue, 2017-2022
  6.2.2 By Region - Global Natural Language Understanding (NLU) Revenue, 2023-2028
  6.2.3 By Region - Global Natural Language Understanding (NLU) Revenue Market Share, 2017-2028
6.3 North America
  6.3.1 By Country - North America Natural Language Understanding (NLU) Revenue, 2017-2028
  6.3.2 US Natural Language Understanding (NLU) Market Size, 2017-2028
  6.3.3 Canada Natural Language Understanding (NLU) Market Size, 2017-2028
  6.3.4 Mexico Natural Language Understanding (NLU) Market Size, 2017-2028
6.4 Europe
  6.4.1 By Country - Europe Natural Language Understanding (NLU) Revenue, 2017-2028
  6.4.2 Germany Natural Language Understanding (NLU) Market Size, 2017-2028
  6.4.3 France Natural Language Understanding (NLU) Market Size, 2017-2028
  6.4.4 U.K. Natural Language Understanding (NLU) Market Size, 2017-2028
  6.4.5 Italy Natural Language Understanding (NLU) Market Size, 2017-2028
  6.4.6 Russia Natural Language Understanding (NLU) Market Size, 2017-2028
  6.4.7 Nordic Countries Natural Language Understanding (NLU) Market Size, 2017-2028
  6.4.8 Benelux Natural Language Understanding (NLU) Market Size, 2017-2028
6.5 Asia
  6.5.1 By Region - Asia Natural Language Understanding (NLU) Revenue, 2017-2028
  6.5.2 China Natural Language Understanding (NLU) Market Size, 2017-2028
  6.5.3 Japan Natural Language Understanding (NLU) Market Size, 2017-2028
  6.5.4 South Korea Natural Language Understanding (NLU) Market Size, 2017-2028
  6.5.5 Southeast Asia Natural Language Understanding (NLU) Market Size, 2017-2028
  6.5.6 India Natural Language Understanding (NLU) Market Size, 2017-2028
6.6 South America
  6.6.1 By Country - South America Natural Language Understanding (NLU) Revenue, 2017-2028
  6.6.2 Brazil Natural Language Understanding (NLU) Market Size, 2017-2028
  6.6.3 Argentina Natural Language Understanding (NLU) Market Size, 2017-2028
6.7 Middle East & Africa
  6.7.1 By Country - Middle East & Africa Natural Language Understanding (NLU) Revenue, 2017-2028
  6.7.2 Turkey Natural Language Understanding (NLU) Market Size, 2017-2028
  6.7.3 Israel Natural Language Understanding (NLU) Market Size, 2017-2028
  6.7.4 Saudi Arabia Natural Language Understanding (NLU) Market Size, 2017-2028
  6.7.5 UAE Natural Language Understanding (NLU) Market Size, 2017-2028

7 PLAYERS PROFILES

7.1 IBM Watson
  7.1.1 IBM Watson Corporate Summary
  7.1.2 IBM Watson Business Overview
  7.1.3 IBM Watson Natural Language Understanding (NLU) Major Product Offerings
  7.1.4 IBM Watson Natural Language Understanding (NLU) Revenue in Global Market (2017-2022)
  7.1.5 IBM Watson Key News
7.2 Nuance Communications
  7.2.1 Nuance Communications Corporate Summary
  7.2.2 Nuance Communications Business Overview
  7.2.3 Nuance Communications Natural Language Understanding (NLU) Major Product Offerings
  7.2.4 Nuance Communications Natural Language Understanding (NLU) Revenue in Global Market (2017-2022)
  7.2.5 Nuance Communications Key News
7.3 Amazon AWS
  7.3.1 Amazon AWS Corporate Summary
  7.3.2 Amazon AWS Business Overview
  7.3.3 Amazon AWS Natural Language Understanding (NLU) Major Product Offerings
  7.3.4 Amazon AWS Natural Language Understanding (NLU) Revenue in Global Market (2017-2022)
  7.3.5 Amazon AWS Key News
7.4 Microsoft
  7.4.1 Microsoft Corporate Summary
  7.4.2 Microsoft Business Overview
  7.4.3 Microsoft Natural Language Understanding (NLU) Major Product Offerings
  7.4.4 Microsoft Natural Language Understanding (NLU) Revenue in Global Market (2017-2022)
  7.4.5 Microsoft Key News
7.5 SAS
  7.5.1 SAS Corporate Summary
  7.5.2 SAS Business Overview
  7.5.3 SAS Natural Language Understanding (NLU) Major Product Offerings
  7.5.4 SAS Natural Language Understanding (NLU) Revenue in Global Market (2017-2022)
  7.5.5 SAS Key News
7.6 Idiap
  7.6.1 Idiap Corporate Summary
  7.6.2 Idiap Business Overview
  7.6.3 Idiap Natural Language Understanding (NLU) Major Product Offerings
  7.6.4 Idiap Natural Language Understanding (NLU) Revenue in Global Market (2017-2022)
  7.6.5 Idiap Key News
7.7 The Aspect NLU Lab
  7.7.1 The Aspect NLU Lab Corporate Summary
  7.7.2 The Aspect NLU Lab Business Overview
  7.7.3 The Aspect NLU Lab Natural Language Understanding (NLU) Major Product Offerings
  7.7.4 The Aspect NLU Lab Natural Language Understanding (NLU) Revenue in Global Market (2017-2022)
  7.7.5 The Aspect NLU Lab Key News

8 CONCLUSION

9 APPENDIX

9.1 Note
9.2 Examples of Clients
9.3 Disclaimer

LIST OF TABLES

Table 1. Natural Language Understanding (NLU) Market Opportunities & Trends in Global Market
Table 2. Natural Language Understanding (NLU) Market Drivers in Global Market
Table 3. Natural Language Understanding (NLU) Market Restraints in Global Market
Table 4. Key Players of Natural Language Understanding (NLU) in Global Market
Table 5. Top Natural Language Understanding (NLU) Players in Global Market, Ranking by Revenue (2021)
Table 6. Global Natural Language Understanding (NLU) Revenue by Companies, (US$, Mn), 2017-2022
Table 7. Global Natural Language Understanding (NLU) Revenue Share by Companies, 2017-2022
Table 8. Global Companies Natural Language Understanding (NLU) Product Type
Table 9. List of Global Tier 1 Natural Language Understanding (NLU) Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Natural Language Understanding (NLU) Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 11. By Type – Global Natural Language Understanding (NLU) Revenue, (US$, Mn), 2021 & 2028
Table 12. By Type - Natural Language Understanding (NLU) Revenue in Global (US$, Mn), 2017-2022
Table 13. By Type - Natural Language Understanding (NLU) Revenue in Global (US$, Mn), 2023-2028
Table 14. By Application – Global Natural Language Understanding (NLU) Revenue, (US$, Mn), 2021 & 2028
Table 15. By Application - Natural Language Understanding (NLU) Revenue in Global (US$, Mn), 2017-2022
Table 16. By Application - Natural Language Understanding (NLU) Revenue in Global (US$, Mn), 2023-2028
Table 17. By Region – Global Natural Language Understanding (NLU) Revenue, (US$, Mn), 2021 & 2028
Table 18. By Region - Global Natural Language Understanding (NLU) Revenue (US$, Mn), 2017-2022
Table 19. By Region - Global Natural Language Understanding (NLU) Revenue (US$, Mn), 2023-2028
Table 20. By Country - North America Natural Language Understanding (NLU) Revenue, (US$, Mn), 2017-2022
Table 21. By Country - North America Natural Language Understanding (NLU) Revenue, (US$, Mn), 2023-2028
Table 22. By Country - Europe Natural Language Understanding (NLU) Revenue, (US$, Mn), 2017-2022
Table 23. By Country - Europe Natural Language Understanding (NLU) Revenue, (US$, Mn), 2023-2028
Table 24. By Region - Asia Natural Language Understanding (NLU) Revenue, (US$, Mn), 2017-2022
Table 25. By Region - Asia Natural Language Understanding (NLU) Revenue, (US$, Mn), 2023-2028
Table 26. By Country - South America Natural Language Understanding (NLU) Revenue, (US$, Mn), 2017-2022
Table 27. By Country - South America Natural Language Understanding (NLU) Revenue, (US$, Mn), 2023-2028
Table 28. By Country - Middle East & Africa Natural Language Understanding (NLU) Revenue, (US$, Mn), 2017-2022
Table 29. By Country - Middle East & Africa Natural Language Understanding (NLU) Revenue, (US$, Mn), 2023-2028
Table 30. IBM Watson Corporate Summary
Table 31. IBM Watson Natural Language Understanding (NLU) Product Offerings
Table 32. IBM Watson Natural Language Understanding (NLU) Revenue (US$, Mn), (2017-2022)
Table 33. Nuance Communications Corporate Summary
Table 34. Nuance Communications Natural Language Understanding (NLU) Product Offerings
Table 35. Nuance Communications Natural Language Understanding (NLU) Revenue (US$, Mn), (2017-2022)
Table 36. Amazon AWS Corporate Summary
Table 37. Amazon AWS Natural Language Understanding (NLU) Product Offerings
Table 38. Amazon AWS Natural Language Understanding (NLU) Revenue (US$, Mn), (2017-2022)
Table 39. Microsoft Corporate Summary
Table 40. Microsoft Natural Language Understanding (NLU) Product Offerings
Table 41. Microsoft Natural Language Understanding (NLU) Revenue (US$, Mn), (2017-2022)
Table 42. SAS Corporate Summary
Table 43. SAS Natural Language Understanding (NLU) Product Offerings
Table 44. SAS Natural Language Understanding (NLU) Revenue (US$, Mn), (2017-2022)
Table 45. Idiap Corporate Summary
Table 46. Idiap Natural Language Understanding (NLU) Product Offerings
Table 47. Idiap Natural Language Understanding (NLU) Revenue (US$, Mn), (2017-2022)
Table 48. The Aspect NLU Lab Corporate Summary
Table 49. The Aspect NLU Lab Natural Language Understanding (NLU) Product Offerings
Table 50. The Aspect NLU Lab Natural Language Understanding (NLU) Revenue (US$, Mn), (2017-2022)

LIST OF FIGURES

Figure 1. Natural Language Understanding (NLU) Segment by Type in 2021
Figure 2. Natural Language Understanding (NLU) Segment by Application in 2021
Figure 3. Global Natural Language Understanding (NLU) Market Overview: 2021
Figure 4. Key Caveats
Figure 5. Global Natural Language Understanding (NLU) Market Size: 2021 VS 2028 (US$, Mn)
Figure 6. Global Natural Language Understanding (NLU) Revenue, 2017-2028 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Natural Language Understanding (NLU) Revenue in 2021
Figure 8. By Type - Global Natural Language Understanding (NLU) Revenue Market Share, 2017-2028
Figure 9. By Application - Global Natural Language Understanding (NLU) Revenue Market Share, 2017-2028
Figure 10. By Region - Global Natural Language Understanding (NLU) Revenue Market Share, 2017-2028
Figure 11. By Country - North America Natural Language Understanding (NLU) Revenue Market Share, 2017-2028
Figure 12. US Natural Language Understanding (NLU) Revenue, (US$, Mn), 2017-2028
Figure 13. Canada Natural Language Understanding (NLU) Revenue, (US$, Mn), 2017-2028
Figure 14. Mexico Natural Language Understanding (NLU) Revenue, (US$, Mn), 2017-2028
Figure 15. By Country - Europe Natural Language Understanding (NLU) Revenue Market Share, 2017-2028
Figure 16. Germany Natural Language Understanding (NLU) Revenue, (US$, Mn), 2017-2028
Figure 17. France Natural Language Understanding (NLU) Revenue, (US$, Mn), 2017-2028
Figure 18. U.K. Natural Language Understanding (NLU) Revenue, (US$, Mn), 2017-2028
Figure 19. Italy Natural Language Understanding (NLU) Revenue, (US$, Mn), 2017-2028
Figure 20. Russia Natural Language Understanding (NLU) Revenue, (US$, Mn), 2017-2028
Figure 21. Nordic Countries Natural Language Understanding (NLU) Revenue, (US$, Mn), 2017-2028
Figure 22. Benelux Natural Language Understanding (NLU) Revenue, (US$, Mn), 2017-2028
Figure 23. By Region - Asia Natural Language Understanding (NLU) Revenue Market Share, 2017-2028
Figure 24. China Natural Language Understanding (NLU) Revenue, (US$, Mn), 2017-2028
Figure 25. Japan Natural Language Understanding (NLU) Revenue, (US$, Mn), 2017-2028
Figure 26. South Korea Natural Language Understanding (NLU) Revenue, (US$, Mn), 2017-2028
Figure 27. Southeast Asia Natural Language Understanding (NLU) Revenue, (US$, Mn), 2017-2028
Figure 28. India Natural Language Understanding (NLU) Revenue, (US$, Mn), 2017-2028
Figure 29. By Country - South America Natural Language Understanding (NLU) Revenue Market Share, 2017-2028
Figure 30. Brazil Natural Language Understanding (NLU) Revenue, (US$, Mn), 2017-2028
Figure 31. Argentina Natural Language Understanding (NLU) Revenue, (US$, Mn), 2017-2028
Figure 32. By Country - Middle East & Africa Natural Language Understanding (NLU) Revenue Market Share, 2017-2028
Figure 33. Turkey Natural Language Understanding (NLU) Revenue, (US$, Mn), 2017-2028
Figure 34. Israel Natural Language Understanding (NLU) Revenue, (US$, Mn), 2017-2028
Figure 35. Saudi Arabia Natural Language Understanding (NLU) Revenue, (US$, Mn), 2017-2028
Figure 36. UAE Natural Language Understanding (NLU) Revenue, (US$, Mn), 2017-2028
Figure 37. IBM Watson Natural Language Understanding (NLU) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 38. Nuance Communications Natural Language Understanding (NLU) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 39. Amazon AWS Natural Language Understanding (NLU) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 40. Microsoft Natural Language Understanding (NLU) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 41. SAS Natural Language Understanding (NLU) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 42. Idiap Natural Language Understanding (NLU) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 43. The Aspect NLU Lab Natural Language Understanding (NLU) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)



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