Text Analytics Market report by “The Insight Partners” sheds light on the key drivers and opportunities attributing to market expansion over the analysis period. It also gives in-depth information pertaining to the challenges and threats poised to hinder revenue generation in the forthcoming years. Additionally, the report also provides crucial information regarding leading companies in this business sphere and the trends that are likely to prevail in the near future.

The text analytics market was valued at US$ 3.23 billion in 2017 and is projected to reach US$ 18.28 billion by 2025. The Text analytics market is expected to grow at a CAGR of 24.2% during the forecast period of 2017 to 2025.

Text analytics is playing an increasingly important role is several use cases and is carries the potential to be incorporated in number of process and application across different industry verticals. Owing to increasing competitiveness, companies are seeking for advanced analytical solutions capable of leveraging large volume of data and assist them in better and faster decision making. With use of sentiment analysis and voice of customer (VoC) solutions companies can improve customer intimacy and service enabling them to drive customer satisfaction, loyalty and revenue. Textual analysis is helping to companies to make better and faster decision based on thousands of published text material. Risk management and fraud detection application in banking and financial sector is helping to save millions of dollars over a deal. Further, with sentiment analysis and social media monitoring manufacturers & service providers are able to detect issues with the customer and improve the customer relationship. Moreover, companies are able to exploit only 30% of unstructured data generated, this low percentage represents significant opportunity for vendors to develop analytical solutions featured with advanced capabilities including machine learning, NLP and language support.

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Companies Profiled in Text Analytics Market report includes: IBM Corporation,SAP SE,SAS Institute Inc.,Clarabridge,Expert Systems,OpenText Corp.,Basis Technology,Linguamatics,ANGOSS SOFTWARE CORPORATION,KNIME

The global text analytics market is segmented on the basis of deployment type, technology, application and verticals. The deployment type segment is further segmented into In- Premises and Cloud Based text analytics. Based on Technology the market is segmented into Natural Language Processing (NLP), Automate Machine Learning and Hybrid. NLP prepares the text for more advanced analysis and consist of methods identifying text by parts of speech; synonyms, root words & stems, roles identification (subject, object and action) and others. Hybrid on the other hand comprise of analytical software integrated with machine learning and linguistic capabilities. Based on application, the global text analytics market is segmented into predictive analysis, social media monitoring, fraud/spam detection and competitive detection and others. Vertical segment is bifurcated into BFSI, telecom sector, government, FMCG, pharmaceutical, academia & education, legal & intellectual, chemistry & materials, healthcare, retail and others. On the basis of geography, the market is segmented into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM)

MARKET SEGMENTATION

by Deployment Type (On-premise, Cloud)

By Technology ( Natural Language Processing, Automated Machine Learning, Hybrid)

By Application ( Predictive Analysis, Social Media Monitoring Fraud/ Spam Detection, Competitive Intelligence and Others)

By Verticals ( BFSI, Telecom Sector, Government, FMCG, Pharmaceutical, Legal & Intellectual Property, Academia & Education, Chemistry & Materials, Healthcare, Retail and Others)

Essential points covered in Text Analytics Market report are:-

  1. What will the Text Analytics Market size and the growth rate be in 2028?
  2. What are the key growth stimulants of Text Analytics Market?
  3. What are the key market trends impacting Text Analytics Market valuation?
  4. What are the challenges to market proliferation?
  5. Who are the key vendors in the Text Analytics Market?
  6. Which are the leading companies contributing to Text Analytics valuation?
  7. What was the market share held by each region in 2028?
  8. What is the estimated growth rate and valuation of Text Analytics in 2028?

The report also puts forward the current and future market scenario derived after a thorough analysis of the markets across five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. PEST analysis for each region is incorporated as well.

Moreover, key companies contributing to Text Analytics Market valuation are studied thoroughly. The study entails a list of these companies along with exhaustive information regarding their offerings, strategic decisions such as partnerships, product launches, mergers & acquisitions and SWOT analysis.

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Reason to Buy:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Text Analytics Market.
  • Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
  • The key findings and recommendations highlight crucial progressive industry trends in the Text Analytics Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

About Us:

The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Devices, Technology, Media and Telecommunications, and Chemicals and Materials.

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