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Text Analytics by Application, Data Analysis, Analysis and Outlook to 2023

04-19-2018 12:06 PM CET | IT, New Media & Software

Press release from: ReportsWeb

Reportsweb

Reportsweb

According to Publisher, the Text Analytics Market is accounted for $3.48 billion in 2016 and expected to grow at a CAGR of 18.1% to reach $11.19 billion by 2023. Factors like text analytics, predictive analytics for businesses and rise in highly customized and industry-specific applications are boosting the market growth. Lack of awareness, skilled workforce, and other operational challenges will impede the market growth. Furthermore, rising significance of big data and IOT in analytics market provide wider opportunity for the market to grow.

Cloud based segment is anticipated to be the largest revenue generating market. Predictive analytics segment is expected to dominate the application segment during the forecast period. The retail and eCommerce segment, followed by the Banking, Financial Services, and Insurance (BFSI) segment, is witnessed to be the largest market during the forecast period. North America is the largest revenue generating region owing to the easy availability of text analytics solutions. Asia Pacific is projected to grow at the highest rate during the forecast period owing to growing awareness, surge in data, and increasing demand for real-time analytics.

Solar Traffic Lights will grow significantly as such these are increasingly integrated with LED lamps owing to their properties and superiority over incandescent lamps. Solar Street Lights are anticipated to grow remarkably as Government initiatives on energy conservation and resource management have increased the adoption of LEDs over traditional luminaries. Solar street lightings are renewable sources which generates electricity with the help of PV panels mounted on lighting structure itself. Government programme such as net metering and feed in tariff (FIT) will boost the demand for grid connected solar street lighting system in the near term. For instance, SunPower acquired Cogenra (both United States) to build a new line of modules to tap into markets in Africa, China and India.

Get Sample Copy @ http://www.reportsweb.com/inquiry&RW00011033039/sample

Some of the key players in global Text Analytics market are Attensity Inc., Averbis, Bitext Innovations S.L., Clarabridge, Inc., Hewlett-Packard Development Company, IBM Corporation, Infegy, Inc., Knime.Com AG, Lexalytics, Inc., Luminoso Technologies, Inc., Meaningcloud LLC, Megaputer Intelligence, Inc., Microsoft Corporation, OpenText Corporation, Oracle Corporation, SAP SE, SAS Institute, Inc. and TIBCO Software Inc.
End-Users Covered:
-Banking, Financial Services, & Insurance
-Energy & Utilities
-Fast Moving Consumer Goods (FMCG)
-Government & Defense
-Healthcare & Life Sciences
-Manufacturing
-Media & Entertainment
-Retail & Ecommerce
-Telecommunications & Information Technology
-Travel & Hospitality
-Other End-Users

Applications Covered:
-Brand reputation
-Competitive intelligence
-Customer relationship management (CRM)
-Document Management
-Fraud detection
-Governance, Risk, and Compliance Management
-Marketing Management
-Predictive analytics
-Workforce Management

Components Covered:
-Services
-Managed Services
-Professional Services
-Software

For more information @ http://www.reportsweb.com/text-analytics-global-market-outlook-2017-2023

Organization Sizes Covered:
-Small and Medium-Sized Enterprises
-Large Enterprises

Deployment Models Covered:
-Cloud
-On-Premises

Regions Covered:
-North America
-US
-Canada
-Mexico
-Europe
-Germany
-UK
-Italy
-France
-Spain
-Rest of Europe
-Asia Pacific
-Japan
-China
-India
-Australia
-New Zealand
-South Korea
-Rest of Asia Pacific
-South America
-Argentina
-Brazil
-Chile
-Rest of South America
-Middle East & Africa
-Saudi Arabia
-UAE
-Qatar
-South Africa
-Rest of Middle East & Africa

Make an enquiry: http://www.reportsweb.com/inquiry&RW00011033039/buying

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Call: +1-646-491-9876
Email: sales@reportsweb.com

ReportsWeb.com is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers. We provide best in class customer service and our customer support team is always available to help you on your research queries.

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