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Globalization has brought people and cultures closer. However, to survive and thrive in a global economy, companies must overcome language barriers; hence the global economy is shifting away from the English-speaking world. Furthermore, it is observed that overseas consumers prefer information in their language, and it is estimated that 60% of online consumers hardly or never buy from English-only websites. Nearly 72.4% of customers are more likely to buy products with information in their native language.

Natural Language Processing Market Size, Share, Forecast, & Trends Analysis Offering (Solutions, Services), Organization Size, Application (Sentiment Analysis, Chatbots & Virtual Assistant, Others), Sector (IT & Telecom, BFSI, Retail & E-commerce, Others), Geography – Global Forecast to 2031

The Natural Language Processing Market is expected to reach $164.9 billion by 2031, at a CAGR of 29.2% from 2024 to 2031. Natural language processing (NLP) is the application of AI to process and analyze text or voice data in order to understand, interpret, categorize, or derive insights from the content. Examples of NLP include email spam filters, spell checkers, grammar checkers, autocorrect, language translation, sentiment analysis, semantic search, and more.

The growth of the market is driven by factors such as the rising adoption of smart devices, the growing demand for NLP-based applications for customer support, and the rising demand for NLP tools in call centers. Moreover, the rapid adoption of cloud-based technologies and increasing applications of NLP in the healthcare sector are expected to offer market growth opportunities.

Absorbent Pads Market Size, Share, Forecast, & Trends Analysis by Material (Plastic, Fiber, Paper), Type (Universal Absorbent, Oil Absorbent, Hazmat Absorbent), Absorbency Weight, End-use Industry (Healthcare, Food & Beverages, Chemical), and Geography – Global Forecast to 2031

The Absorbent Pads Market is expected to reach $5.7 billion by 2031, at a CAGR of 5.3% from 2024 to 2031. The growth of the absorbent pads market is driven by the rising demand for absorbent pads in the food sector and the growing environmental concern and regulations regarding oil and chemical spills in industries. Furthermore, the proliferation of absorbent pads in the healthcare sector is expected to generate growth opportunities for the players operating in this market.

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Food Processing Equipment Market Size, Share, Forecast, & Trends Analysis by Type (Meat, Poultry, and Seafood, Beverage, Bakery, Dairy, Fruit and Vegetable Processing Equipment), Mode of Operation (Semi-Automatic, Automatic)- Global Forecast to 2031

The Food Processing Equipment Market is expected to reach $103.82 billion by 2031, at a CAGR of 5.6% from 2024 to 2031. In terms of volume, Food Processing Equipment is expected to reach 2.96 million units, at a CAGR of 3.1% from 2024 to 2031. The growth of the food processing equipment market is driven by increasing demand for processed foods, a growing focus on food and worker safety, a growing need to increase productivity, food manufacturers’ increasing focus on reducing production costs, and government support to promote the food processing industry. However, the high cost of equipment and the consumers’ increasing inclination towards minimally processed food products restrain the growth of this market.

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