The Market Analysis Report for Global NLP in Finance predicts a market worth $18.8 billion by 2028, from $5.5 billion in 2023, due to an escalating need for prompt and effective financial automation services.

The global market for natural language processing (NLP) in finance is projected to reach USD 18.8 billion by 2028, up from USD 5.5 billion in 2023. This represents a compound annual growth rate (CAGR) of 27.6%. This growth is being driven by the increasing demand for automated and efficient financial services and the rising need for accurate and real-time analysis of complex financial data. The insurance segment is expected to register the fastest growing CAGR during the forecast period, with NLP being used to improve underwriting, claims processing, customer service, and fraud detection. The market is highly competitive, with key players including IBM, Amazon Web Services, Google, Microsoft, and SAS. The presence of a growing tech-savvy population, high internet penetration, and advances in AI has resulted in the growth of NLP solutions used in the finance sector.

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