Text Analytics Market report focuses on regional development status, which includes the market size, share, and volume. Additionally, the worldwide market is segmented based on type, application, deals, and area.
Global Text Analytics Market report conclusively offers the necessary information, as well as advanced analysis, to assist in developing the best business strategy and determining the best path for maximum growth for the market’s participants. The research report of Text Analytics Marketprovides a top-to-bottom analysis of crucial aspects like growth drivers, major challenges, and opportunities that will impact the industry trends over the forecast timeline. It thoroughly explores the geographical landscape of the market, emphasizing pivotal factors like sales accrued, revenue garnered, growth rate, and prospects of the regional markets. Apart from this, the industry is also studied from the perspective of product terrain and application spectrum. In-depth information on revenue and sales volume predictions of each product type are presented.The report focuses on the Text Analytics Market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends.
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Text Analytics Market is segmented on the basis of product, and type. All of these segments have been studied individually. The detailed investigation allows assessment of the factors influencing the Text Analytics Market. Analysts have analyzed the nature of development, investments in research and development, changing consumption patterns, and a growing number of applications. In addition, analysts have also evaluated the changing economics around the Text Analytics Market that are likely to affect its course.
The regional analysis section of the Text Analytics Market share report allows players to concentrate on high-growth regions and countries that could help them to expand their presence in the Text Analytics market. Apart from extending their footprint in the Text Analytics market, the regional analysis helps players to increase their sales while having a better understanding of customer behavior in specific regions and countries. The report provides CAGR, revenue, production, consumption, and other important statistics and figures related to the global as well as regional markets. It shows how different types, applications, and regional segments are progressing in the Text Analytics market in terms of growth.
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The global text analytics market was valued at USD 3.95 billion and is expected to reach USD 10.38 billion by 2023 with an expected CAGR of 17.3% during the forecast period of 20182023. The scope of the report is limited to deployment models including on-premise and cloud-based, applications including predictive analytics, fraud management, risk management, business intelligence, and others, and end users including BFSI, healthcare, energy and utility, manufacturing, retail, and others. The regions considered in the scope of the report include North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The study also emphasizes the benefits of implementation of text analytics by diverse industries and prospects of the same.
Text analytics tools are being increasingly used by organizations to aid their business-making process by offering actionable insights from various forms of text sources, such as client interaction, emails, blogs, product reviews, tweets, and center logs. The primary objective of text analytics is to accumulate different forms of data, including structured and unstructured, which is further utilized for analysis, thereby fueling the organization’s business decisions. Text analytics can be practically incorporated into any industry, which creates an avenue for industry players to penetrate the market. This is expected to increase the competition amongst the industry over the forecast period.
Growing Demand for Social Media Analytics
The interaction between enterprises and customers are increasing through social media platforms including Facebook, Instagram, and Twitter, owing to the ease of communication. The companies procure better picture and understanding of their products and services owing to which the use of text analytics is expected to grow. Furthermore, the text mining of the data acquired from these social media platforms is utilized to create marketing campaigns and amend expenditure of the organization. The industry players use various models such as sentimental analysis and online activity analysis to device a customer’s behavior, which fuels the demand for text analytics over the forecast period.
Cloud-based Model to Exhibit Highest Growth
Corresponding to the increasing penetration of text analytics across the world, the demand for data security and flexibility is increasing, giving rise to cloud-based software. A cloud-based text analysis unleashes the ease of data clustering, identification of duplicates, and performing correlation. Moreover, the data size is increasing exponentially over time owing to rising data influx, which requires exceptional data management and sharing capabilities.
Asia-Pacific to Witness the Highest Growth
Asia-Pacific is witnessing significant growth in industries such as retail, BFSI, and healthcare, which is expected to propel the demand for data analytics such as text analytics. The industry players are focusing more on customer requirement and customer experience, which in turn, gives rise to analyzing consumer behavior towards diverse products. This is likely to fuel the text analytics market in the region over the forecast period. Furthermore, the region poses noteworthy opportunities for text analytics owing to the rising number of the customers utilizing social media platforms and online purchase, which is projected to boost the market.
Recent Developments
•February 2018 – Linguamatics commenced the integration of their NLP platform at Atrius Health to recognize and collect crucial clinical and hidden clinical unstructured patient data, which is projected to compel other companies to increase the usage of text analytics.
•January 2018 – Rosoka Software announced the launch of analyst’s notebook, Rosoka Text Analytics, which can be used to analyze unstructured documents in over 200 languages. This is expected to boost the company’s audience reach thereby fueling the financials.
•January 2018 – SAS launched a new platform for analytics enhancing the visual data mining and machine learning. Furthermore, it includes visual text analytics, which eases deep learning, forecasting, and text analytics, which is expected to ascend the company’s product portfolio and generate revenue.
The major players include – ALGOLIA, ASCRIBE, AVERBIS, BITEXT INNOVATIONS S.L., CLARABRIDGE, CLARABRIDGE, INC., CONFIRMIT AS, EPIANALYTICS, INFEGY, INC., INTERNATIONAL BUSINESS MACHINES (IBM) CORPORATION, LAVASTORM ANALYTICS, LEXALYTICS, INC., MEDALLIA, INC., MEGAPUTER INTELLIGENCE, INC., ODINTEXT, INC., RAPIDMINER, INC., SAP SE, and, THEYSAY LIMITED, amongst others
Reasons to Purchase the Report
•The prospect of the text analytics market and opportunities.
•Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis.
•Regional analysis of the market.
•Identify the latest developments, market shares, and strategies employed by the major market players.
•3-month analyst support along with the Market Estimate sheet (in Excel)
Customization of the Report
•This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
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Regional Market Analysis:
The Text Analytics Market report includes Global and Regional market status and outlook 2022-2027. Further, the report provides break down details about each region and countries covered in the report. Identifying its sales, sales volume and revenue forecast
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East and Africa
Global Text Analytics Market 2022-2027, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Points to be Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global Text Analytics Market for 2022-2027. To calculate the market size, the report considers new installations or sales and subscription payments of Text Analytics.
The scope of the Report: This report centers around Text Analytics in the worldwide market, particularly in Top countries. This report segments the market on the basis of manufacturers, types, and applications.
Text Analytics Market Trends
- Growing research activities coupled with new product launches.
Text Analytics Market Drivers
- High Opportunity in the Industry
Text Analytics Market Challenges
- Complications associated with Text Analytics procedures.
Points Covered in The Report:
- The points that are discussed within the report are the major Text Analytics market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors etc.
- The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report.
- The growth factors of the Text Analytics market are discussed in detail wherein the different end users of the market are explained in detail.
- Data and information by manufacturer, by region, by type, by application and etc., and custom research can be added according to specific requirements.
- The report contains the SWOT analysis of the Text Analytics Financing Services market. Finally, the report contains the conclusion
Key Questions the Report Answers:
- What are the major factors affecting the Text Analytics industry in 2022 and beyond?
- Will the Text Analytics sector change its approach to air freight and adopt that seen in the sector?
- How will key trends impact various Text Analytics logistics segments?
- How has Covid-19 impacted Text Analytics market logistics market size? And how has each region been impacted during the course of 2020?
- What impact will a shift to a Circular Economy have on global trade?
- What strategies and technologies are the top Text Analytics manufacturers adopting in response to the challenges faced within the industry?
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Some Major Points from Toc :-
1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness Porter’s Five Forces Analysis
3.2.5 Degree of Competition
3.3 Price Analysis
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
5. Market Segmentation and Analysis (Market Size, Growth and Forecast)
5.1 By Product Type
5.2 By Application
5.3 By End-user Industry
6. Regional Market Analysis
6.1 Production Analysis
6.1.1 Australia
6.1.2 Bolivia
6.1.3 Brazil
6.1.4 Democratic Republic of Congo
6.1.5 Indonesia
6.1.6 Malaysia
6.1.7 Myanmar
6.1.8 Peru
6.1.9 Russia
6.1.10 Thailand
6.1.11 Vietnam
6.1.12 Others
6.2 Consumption Analysis (Market Size, Growth and Forecast)
6.2.1 Asia-Pacific
6.2.1.1 India
6.2.1.2 China
6.2.1.3 Japan
6.2.1.4 South Korea
6.2.1.5 Rest of Asia-Pacific
6.2.2 North America
6.2.2.1 United States
6.2.2.2 Canada
6.2.2.3 Mexico
6.2.2.4 Rest of North America
6.2.3 Europe
6.2.3.1 Germany
6.2.3.2 United Kingdom
6.2.3.3 France
6.2.3.4 Italy
6.2.3.5 Austria
6.2.3.6 Rest of Europe
6.2.4 South America
6.2.4.1 Brazil
6.2.4.2 Argentina
6.2.4.3 Rest of South America
6.2.5 Middle East and Africa
6.2.5.1 UAE
6.2.5.2 South Africa
6.2.5.3 Rest of Middle East and Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers and Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products and Services, and Recent Developments)
10. Disclaimer
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