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Sentiment Analysis Software Market Emerging Trends and Top Key Vendors to Watch-Clarabridge, IBM, Brandwatch, Opentext in 2018-2026

06-17-2019 02:48 PM CET | IT, New Media & Software

Press release from: MRR biz

Sentiment Analysis Software Market Emerging Trends and Top Key

Sentiments analysis is also known as emotional artificial intelligence and opinion mining. Sentiment analysis software is used for processing of natural language, computational linguistics, biometrics, and text analysis to quantify, identify, and extract systematically. The sentiment analysis software is widely used to analyse the voice of the customer materials which includes survey and reviews responses collected from online and social media, and healthcare materials for applications that range from marketing to customer service to clinical medicine. The drastic increase in the web applications and the social media has led to increasing the rate of adoption among the users for surveying the data generated through digital media for the maintenance of brand and image of the brand. The need for analysing the data present at the global level on the internet is present in the form of comments, share, followed, retweeted, etc. to analyse the brand, person, etc. is responsible for the increase in the deployment of the sentiment analysis software throughout the world.

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The sentiment analysis software is continuously updated by developers with new features like customized query options, alert creations, recommendations, and interactive data visualization which is responsible for the increased popularity among the user's group.

Sentiment Analysis Software Market: Drivers and Restraints

The major factor that the sentiment analysis software can provide a rich source of contextual information out of the complex and massive amount of data present on the internet about a particular entity is expected to drive the growth of the sentiment analysis software market globally. The sentiment analysis software can also provide campaign monitoring and influencer identifier facility to the users. Also, the sentiment analysis software can provide competition insights of the market to the software users which helps them in decision making is going to contribute in increasing the demand in the forecast period. On the other hand, an ability of the machines to understand human languages and emotions is the major challenge for implementing the sentiment analysis software in the analysis process.

Sentiment Analysis Software Market: Segmentation

Global sentiment analysis software market can be divided into segments, based on deployment type, industry, regions. On the basis of deployment type in the sentiment analysis software market is divided into on-premise and cloud. On the basis of industry, into manufacturing, BFSI, retail, healthcare, media & telecommunication, government.

On the basis of regions, the market is segmented into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa.

Sentiment Analysis software Market: Regional Outlook

The global market for sentiment analysis software is divided regionally into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa. Among these regions North America dominates the market owing to the higher presence of sentiment analysis software suppliers followed by Western Europe. The APEJ and Japan are predicted to grow at highest CAGR in forecast period due to rapid digitalisation and rising brand awareness and image in developing countries. On the other hand, MEA region is expected to show stagnant growth in the sentiment analysis software market.

Sentiment Analysis software Market: Competition Landscape

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The key players involved in sentiment analysis software market are companies such as

ANGOSS SOFTWARE CORPORATION
SRA, International, Inc.
Clarabridge
IBM
Brandwatch
SAS Institute Inc.
Opentext Corp.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

Tailwinds and headwinds molding the market’s trajectory
Market segments based on products, technology, and applications
Prospects of each segment
Overall current and possible future size of the market
Growth pace of the market
Competitive landscape and key players’ strategies

The main aim of the report is to:

Enable key stakeholder’s in the market bet right on it
Understand the opportunities and pitfalls awaiting them
Assess the overall growth scope in the near term
Strategize effectively with respect to production and distribution

MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.

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