Natural Language Processing - Turkey

The market size in the Natural Language Processing market is projected to reach US$345.40m in 2024.
The market size is expected to show an annual growth rate (CAGR 2024-2030) of 27.54%, resulting in a market volume of US$1.49bn by 2030.
In global comparison, the largest market size will be United States (US$9.71bn in 2024).

Definition:
Natural language processing (NLP) is a branch of artificial intelligence that focuses on the interaction between human language and computers. Natural language processing tools analyze, understand, and generate written, oral, and visual formats of human language. The Natural Language Processing (NLP) market has relevance for the healthcare, finance, and e-commerce industries in the areas of sentiment analysis, chatbots, and language translation.

Structure:

The Natural Language Processing (NLP) market has three markets. The Text-Based NLP market covers applications that analyze written forms of language. The Speech-Based NLP market covers applications that interpret and understand spoken language. The Language Translation NLP market covers applications that convey the content and meaning of a text from one language into another language.

Additional Information:

The market comprises two key performance indicators: market sizes, and market sizes by industry. Market sizes are generated by the funding amount of Computer Vision companies. Key players of the market include companies such as Amazon Web Services (AWS), Microsoft Azure Cognitive Services, and Google.

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Natural language processing tools such as chatbots, virtual assistants, and sentiment analysis that enable machines to understand, interpret, and generate human languages.

Non-artificial intelligence applications such as spell checking and grammar correction, which do not involve semantic analysis or machine learning.

The Turkish Artificial Intelligence market, specifically the Natural Language Processing sector, is experiencing steady growth. Factors such as increasing adoption of digital technologies, growing health consciousness, and the convenience of online services are driving this growth. However, the market's average growth rate may be impacted by factors such as government regulations and technological advancements in sub-markets like Text-based NLP, Speech-based NLP, and Language translation NLP.

Customer preferences: As the use of Artificial Intelligence continues to expand in Turkey, there is a growing demand for Natural Language Processing solutions. This trend is driven by the increasing need for automated language processing in various industries, such as customer service and marketing. Additionally, with the rise of social media and online communication, there is a growing demand for NLP tools that can accurately analyze and interpret large volumes of text data in Turkish. This shift towards NLP solutions is also influenced by the country's cultural preference for personalized and efficient communication, leading to the adoption of AI-powered chatbots and voice assistants.

Trends in the market: In Turkey, the Natural Language Processing market is experiencing a surge in demand, driven by the increasing use of AI-powered chatbots in customer service and marketing. This trend is expected to continue, as businesses seek to improve efficiency and enhance customer experience through automated communication. Moreover, the Turkish government has invested in the development of NLP technology, positioning the country as a potential leader in the global market. This presents significant opportunities for industry stakeholders, such as technology companies and language service providers, to capitalize on this growing trend and expand their presence in the market. However, it also poses challenges, such as the need for continuous innovation and adaptation to changing consumer needs, to maintain a competitive edge in the rapidly evolving landscape of NLP in Turkey.

Local special circumstances: In Turkey, the Natural Language Processing Market within the Artificial Intelligence Market is growing due to the high demand for advanced technological solutions in various industries, such as finance, healthcare, and retail. The country's strategic location between Europe and Asia has also made it a hub for international companies, driving the adoption of AI technologies. Additionally, Turkey's government has implemented initiatives to support the development of AI, such as the National Artificial Intelligence Strategy, which aims to boost the country's competitiveness in the global market.

Underlying macroeconomic factors: The Natural Language Processing Market within the Artificial Intelligence Market in Turkey is greatly impacted by macroeconomic factors such as the country's economic growth, government policies, and technological advancements. Turkey's strong investment in AI technologies and favorable regulatory environment has contributed to the rapid growth of the NLP market. Additionally, the increasing demand for digital solutions in various industries, such as healthcare and finance, is also driving the growth of the NLP market in Turkey. Moreover, Turkey's young and tech-savvy population has created a strong demand for AI-based products and services, further propelling the market growth.

Data coverage: The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the funding values from different industries for the market.

Modeling approach / Market size:Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market. As a basis for evaluating markets, we use annual financial reports, funding data, and third-party data. In addition, we use relevant key market indicators and data from country-specific associations such as GDP, number of internet users, number of secure internet servers, and internet penetration. This data helps us estimate the market size for each country individually.

Forecasts:In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited to forecast digital products and services due to the non-linear growth of technology adoption. The main drivers are the level of digitalization, the number of secure internet servers, and the revenue of the Public Cloud market.

Additional Notes: The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russian-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the market is updated on an ad-hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Data from the Statista Consumer Insights Global survey is weighted for representativeness.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Artificial intelligence evokes images of supercomputer assistants, machines that can think creatively, and, to some, scenes from their favorite sci-fi movie. The reality, despite not being as futuristic, is not far off from this. AI refers to the ability of a computer or machine to mimic the competencies of the human mind, which often learns from previous experiences to understand and respond to language, decisions, and problems. The market for AI technologies is vast, amounting to around 200 billion U.S. dollars in 2023 and is expected to grow well beyond that to over 1.8 trillion U.S. dollars by 2030.

Artificial intelligence (AI), the technology that allows digital computers or computer-controlled robots to perform tasks more commonly associated with intelligent beings, has been leaping into the limelight following the release of a wide variety of Generative AI models in 2023. The United States, being the largest economy in the world, has a natural advantage. Although human-like androids such as those portrayed in the science fiction movie Blade Runner are still far from reality, applications of AI such as smartphone virtual assistants and industrial robots are already widespread in U.S. society. The industry’s powerful ability to improve efficiency and increase productivity has made it of strategic importance to U.S. industries and government, both of which push the U.S. lead in the AI race.

Natural Language Processing - Turkey

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Technology

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Key Market Indicators

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