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spaCy vs transformers isn't really a good comparison. You can plug a variety of things into spaCy's NLP pipelines, including Huggingface's transformer models. spaCy 3, in particular, has pre-built models with Huggingface's transformers, like en_core_web_trf.
For NER, if you don't need the full toolkit of spacy, I'd highly recommend checking out Flair. It will likely run faster than transformer-based models (like en_core_web_trf) and it tends to be one of the best performing approaches to NER.
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