Press release
Content Analytics Market to receive overwhelming hike in Revenues by 2025
Content Analytics Market
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Growth of unstructured data plays a major role in the growth of content analytics market
Increasing demand for market insights from unstructured data such as documents, call center transcripts, email messages, social media content, and social networking sites has become one of the major factors driving the growth of content analytics market. Content analytics software extract insights from unstructured data with the help of language processing technology combined with a variety of analytical tools. This insights helps company managers, executives, and supervisors to understand the market trend, customer demand, and product description, among others.
The global content analytics market was valued at US$ 1,653.5 million in 2016 and is estimated to witness a CAGR of 23.4 % during the forecast period (2017 – 2025).
Market Dynamics
Increasing requirement for real-time data analytics has become one of the major factors driving the content analytics market. Stiff competition in the market has made it necessary for organizations to understand the current market scenario, which, in turn, has driven the demand for real-time data insights. This increase in demand for real-time data insights fuels the requirement for real-time content analytic tools. In addition, growth of unstructured data and high traffic on social networking sites are some of the major driving factors for the growth of global content analytics market.
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Key Vendors of Content Analytics Market: Adobe Systems, Inc., Interactive Intelligence Group, Inc., Clarabridge, Inc., International Business Machines (IBM) Corporation, Opentext Corporation, Nice Systems Ltd., Oracle Corporation, SAS Institute, Inc., SAP SE, and Verint Systems.
Market Taxonomy
This report segments the global content analytics market on the basis of deployment model, application, verticals, and geography. On the basis of deployment model, the market is segmented into cloud and on-premises. Based on application, the market is segmented into text analytics, speech analytics, web analytics, and social media analytics. Also, based on verticals, the market is segmented into banking, financial services & insurance, healthcare, retail & consumer goods, IT & telecom, media & entertainment, travel & hospitality, and government.
Detailed Segmentation:
Global Content Analytics Market, By Deployment Model:
Cloud
On-Premises
Global Content Analytics Market, By Application:
Text Analytics
Web Analytics
Speech Analytics
Social Media Analytics
Others
Global Content Analytics Market, By Verticals:
Banking, Financial Services, and Insurance
Healthcare
Retail & Consumer Goods
IT and Telecom
Media & Entertainment
Travel & Hospitality
Government
Others
Global Content Analytics Market, By Geography:
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