Text Analytics Market Size, Revenue, opportunities, Revenue and Forecast 2023Posted by Akash Sangshetti on December 9th, 2019 Text Analytics, By Component (Software, Services), Application (Customer Experience Management, Workforce Management), Deployment (On Premise, Cloud), By Vertical (BFSI, Manufacturing, Government, Retail, E-Commerce) – Global Forecast 2023 Market Synopsis: Market Research Future (MRFR) has published a report on the global text analytics market asserting that the global market for text analytics is anticipated to expand remarkably at a strong CAGR of 17% during the forecast period of 2017-2023 and reach USD 9 Bn by the end of 2023. Text analytics is a process that transforms the unstructured texts into well-structured information by analyzing unstructured text and extracting relevant information from it. The rapid industrialization and simultaneous technological advancement are creating the necessity of aggregation and exploration of textual data for obtaining profitable insights that aid in the development of businesses, resulting in the rise in demand for text analytics in the global market. The inclination towards adoption of text analytics due to its multidisciplinary application encompassing multiple domains such as e-commerce, IT, telecommunication, government, healthcare, BSFI, and others is majorly driving the global Text Analytics Market. The beneficial aspects of text analytics such as market research, competitive intelligence, brand-reputation management, customer service and support and others are acting as demand generators for text analytics in the global market. The ubiquitous availability of unstructured data in the form of online news, blogs, tweets, and others is driving the demand for text analytics that avails the companies with competitive advantages. The increasing demand for actionable insights extracted through real-time data analysis which are utilized in tactical approaches for the growth of the enterprises is projected to propel the expansion of the global market for text analytics during the forecast period. However, the increasing availability of data analytics software, high cost, and lack of awareness among the stakeholders as text analytics is an emerging technology are likely to act as restraints on the global text analytics market. Key Players The prominent players in text analytics market are – SAP SE (Germany), IBM Corporation (US), SAS Institute, Inc. (US), OpenText Corporation (Canada), Clarabridge, Inc. (US), Megaputer Intelligence, Inc. (US), Luminoso Technologies, Inc. (US), MeaningCloud LLC (US), KNIME.com AG (Switzerland), Infegy, Inc. (US), Lexalytics, Inc. (US), Averbis (Germany), Bitext Innovations S.L.(Spain) among others. Market Segmentation: The text analytics market has been segmented on the basis of components, application, deployment, and vertical.
Global Text Analytics Market - Regional Analysis Geographically, the global text analytics market has been segmented into North America, Europe, Asia Pacific, and the rest of the world. The North America region is dominating the global text analytics market owing to the technologically advanced industrial infrastructures and rapid expansion of digital platforms such as social media and e-commerce in this region. The Europe region stands second in the global text analytics market due to the easy adoption of advanced technologies and increasing demand for cloud-based solutions in this region. The Asia Pacific region is projecting significant growth in the global text analytics market owing to the increasing inclination towards adoption of advanced technology in the emerging economies of this region. Get complete Report @ https://www.marketresearchfuture.com/reports/text-analytics-market-2989 TABLE OF CONTENTS LIST OF TABLES Table 1 Text Analytics Market, By Component Table 2 Text Analytics Market, By Application Table 3 Text Analytics Market, By Deployment Table 4 Text Analytics Market, By Vertical Table 5 Text Analytics Market, By Regions Table 6 North America Text Analytics Market, By Component Table 7 North America Text Analytics Market, By Application Table 8 North America Text Analytics Market, By Deployment Table 9 North America Text Analytics Market, By Vertical Table 10 U.S. Text Analytics Market, By Component Table 11 U.S. Text Analytics Market, By Application Table 12 U.S. Text Analytics Market, By Deployment Table 13 U.S. Text Analytics Market, By Vertical Table 14 Canada Text Analytics Market, By Component Table 15 Canada Text Analytics Market, By Application Table 16 Canada Text Analytics Market, By Deployment Table 17 Canada Text Analytics Market, By Vertical Table 18 Germany Text Analytics Market, By Component Table 19 Germany Text Analytics Market, By Application Table 20 Germany Text Analytics Market, By Deployment Continued… About Us: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. Media Contact: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India +1 646 845 9312 Like it? Share it!More by this author |