NLP in Finance Market by Size, Share, Trends & Analysis Report

The global NLP in finance market was valued at USD 5.4 billion in 2023 and is projected to grow at a robust CAGR of 27.5% over the forecast period. This growth is largely driven by the rising adoption of AI-based anti-fraud technologies within the financial sector. According to a 2021 NVIDIA survey, 10% of financial service companies had already implemented AI-driven anti-fraud solutions. These technologies leverage Natural Language Processing (NLP) to enhance the detection and prevention of fraudulent activities by analyzing vast amounts of transactional and communication data. The increased use of NLP not only helps in identifying suspicious patterns but also improves customer service and operational efficiency. As financial institutions continue to prioritize security and streamline their operations, the demand for advanced NLP solutions is expected to surge, further propelling market expansion.