openPR Logo
Press release

Text Analytics Market Going to Take Boost In Upcoming Years with CAGR of 17.7%

08-30-2019 01:30 PM CET | IT, New Media & Software

Press release from: Coherent Market Insights

Text Analytics

Text Analytics

The global text analytics market was valued at US$ 3,031.5 million in 2016 and is estimated to witness a CAGR of 17.7% over the forecast period. ext analytic is a process which is used to extract the insights from unstructured text. This insights help organizations to measure the customer expectations, product description, and also to understand the market trend.

The increasing high volume and variety of data in feedback channels become one of the major drivers for the growth of text analytics market. The increasing data on feedback channels provides wealth information to the companies to analyze their customer demand. To improve their business process and customer experience, the companies are increasingly turning to text analytics to extract the insights from unstructured text generated by social media post, open-end survey questions and many more.

Here download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/833

Rising demand for social media content insights has been the major drivers for the growth the global text analytics market.

Factors such as stiff competition among giant companies to understand the market trends and meet customers’ expectation are increasingly boosting growth in text analytics market across the world. Text analytics give relevant data which helps in understanding real insights of particular market. Text analytics generally extract data in the form of comments, posts, tweets, photos, and many more, which in turn helps companies to extract the real insights regarding customer experience, product description and others.

According to Coherent Market Insights, North America held the dominant position in the global text analytics market in 2016, valued US$ 1045 million and is projected to reach US$ 4,237.6 million by 2025, with a CAGR of 16.9% over the forecast period. The U.S. and Canada are the major countries driving growth of the text analytics market in North America region. This is owing to factors such as dominance of digitalization and high presence of leading companies, provides the dominant position to the market in the region. Moreover, Asia Pacific text analytic market is projected to exhibit largest CAGR of 19.1% over the forecast period. India, China, and Japan are some of the major countries which drives the growth of this market in Asia Pacific region. This is due to factors such as increasing economy and rising online business industry, which fuels the text analytics market in the region.

Key companies covered as a part of this study include SAP SE, International Business Machines Corporation, SAS Institute, Inc., Opentext Corporation, Clarabridge, Inc., Bitext Innovations S.L., Lexalytics, Inc., Megaputer Intelligence, Inc., Luminoso Technologies, Inc., and Knime.Com AG

Else ask sample copy @ https://www.coherentmarketinsights.com/insight/request-sample/833

Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
https://www.coherentmarketinsights.com/

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Text Analytics Market Going to Take Boost In Upcoming Years with CAGR of 17.7% here

News-ID: 1828461 • Views: 436

More Releases from Coherent Market Insights

Heat Pump Market: Analysis By Product Type, Industry Application And Future Tech …
A heat pump is a device used for cooling and heating by extracting heat from lower heat sources and deliver it to higher potential for water, space, and floor heating/cooling. Technically air conditioner and refrigerator are two prime examples where heat pump is used. Refrigerator and air conditioner work only on cooling cycle, whereas heat pumps can operate on fully reversible cooling cycle. Condenser, evaporator, expansion valve, and compressor are
Detailed Analysis On Tire Curing Press Machine Market With Forecast To 2027
Tire curing press machine is a machine used for giving a final shape to green tires by applying pressure. The machine generates heat that stimulates chemical reaction between rubber and other materials. Tire curing press machine offers several advantages such as precise control and maximum efficiency, quick bladder change, reduced mould damage, increased bladder life, ease of maintenance, and increased productivity of tires. Key players operating in the global tire curing
Automotive Gear Shifter Market | COMPETITIVE LANDSCAPE AND KEY PRODUCT SEGMENTS
Automotive gear shifter system is a type of transmission system that uses gear and gear drives to control speed and spin of the vehicle. It controls application power to drive the vehicle system and is also responsible for gear engagement and disengagement. Automotive gear shifters are classified into automatic and manual gear shifter. Manual gear shifter system requires a clutch pedal whereas an automatic gear shifter system or a semi-automatic
Spintronics Market - Industry Share, Size, Gross Margin & Future Demand
Spintronics is spin-based electrons an emerging technology used in solid state device in order to study the electrons intrinsic spin. In contrast to electronics, spin technology uses the spin of the electron instead of its charges to utilize the magnetic moment associated with it. Spintronics technology depicts an innovation, which is useful in the hard drives, sensors, and the digital electronics. Furthermore, the features of Spintronics such as high data

All 5 Releases


More Releases for Text

Text correction in Switzerland and Germany
An error-free text looks serious and professional - this applies to cover letters as well as to website texts and scientific papers. So that the prestige of the technical expertise does not suffer from careless mistakes, TEXTNetzwerk offers the text correction by the employment of experienced editors and proofreaders. For the sake of the security, let texts be proofread The spelling reform has changed some of the rules that have become second
Marketing: text type versus specialisation
Marketing: text type versus specialisation There are two types of marketing translations: on the one hand, there is the specialised variety during which marketing is considered objectively as a corporate field. On the other, there is marketing translation in the sense of transcreation. In other words: a marketing expert well-versed in economic principles and terms cannot automatically produce good texts or creative translations! And conversely, a translator capable of delivering hard-hitting copy
Global Text Analytics Market Analysis
According to a new report Global Text Analytics Market (2017-2023), published by KBV Research, the global Text Analytics Market is expected to attain a market size of $10.2 billion by 2023, growing at a CAGR of 18% during the forecast period. The Software market dominated the Global Text Analytics Market by Component in 2016, and would continue to be a dominant market till 2023; and it is expected to witness a
Text Hi Announces Text Greetings Cards
AUSTRALIA (March 2011) – Text Hi announces an innovative way to send greetings cards. These greetings cards may now be sent via text capabilities. Text Hi is a company that recognises how much people text and are now providing greetings cards texting ability. Text Hi offers several kinds of greetings cards. These greetings cards can be for any special occasion. The special occasions include birthday for a boy or girl, the
Text Analysis Tool Helps Brownfield Software Projects
Development in large, intransparent software projects, often called Brownfields, requires many text searches for analysis. New search tool provides a GUI optimized for that. STUTTGART, Germany. Depeche View is a text search tool with a new GUI concept, optimized for research of existing code. It displays thousands of text files in a single window, just as if they were one large text. This way, switching between files is no longer necessary,
Text Clients Conquer Chrome
Many businesses are missing out on potential online revenue because their websites are not compatible with Google's new web browser Chrome. Moving with the trend, Text Internet Marketing's websites and content management systems (CMS) are fully compatible with the new browser which was released earlier this month. Currently, Internet Explorer is the most commonly utilised web browser boasting a 74% share of the market, Mozilla Firefox takes second place with a