Text Analytics Market is expected to grow US$ 18.28 Billion at a Robust CAGR of 24.2% between 2017-2025

The global text analytics market is expected to grow from US$ 3.23 Bn in 2017 to US$ 18.28 Bn by 2025 at a CAGR of 24.2% between 2017 and 2025.

The global text analytics market is primarily driven by increase in the volume of unstructured data. Increasing utilization of social media platforms, consumer shifting trends towards online buying and increasing digitalization are some of the factors contributing to increase in unstructured data. Analysis of unstructured data can uncover key patterns capable of forming the basis of decision making in various organizations. Traditionally, the data is analyzed by an individual which becomes ineffective as the volume of data increases. This demand use of text analytics software capable of handling large volume of data set and can uncover hidden patterns which assist in decision making purpose. Moreover, companies are able to exploit only 30% of unstructured data generated, this low percentage represents significant opportunity for vendors to develop analytical solutions featured with advanced capabilities including machine learning, NLP and language support. The South America text analytics market region is expected to witness a CAGR growth rate of 24.0% in the coming years.

Text Analytics Market study by “The Insight Partners” provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.

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This Report encloses comprehensive analysis on the market and are assessed through volume and value data validated on three approaches including top companies revenues. It concludes with precise and authentic market estimations considering all the parameters and market dynamics. Every crucial and decisive detail for the development and restriction of the market is mentioned in fine points with solutions and suggestions that may affect the market in near future. Segmentation of the market are studied specifically to give profound knowledge for supplementary market investments.

The report Text Analytics Market gives varied description about the segmentation of the market on the basis of segmented Dosage, Route of Administration and Application, and leads with a descriptive structure of the trends and restrictions of the various segments and sub segments. It also provides the market size and estimates a forecast from the year 2017 to 2025 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The report also provides exhaustive PEST analysis for all five regions after evaluating political, economic, social and technological factors effecting the Typhoid Vaccines market.

The report facilitates in determining and interpreting the key market players, portfolios with necessary information such as company profiles, components and services offered, financial information of past few years, key developments in past few years, that helps in constructing strategies to gain competitive advantage in the long run. The report also analyzes factors affecting Text Analytics Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend.

Leading Text Analytics Market Players:

• Angoss Software Corporation
• Averbis GmbH
• Bitext Innovations S.L.
• Cambridge Semantics, Inc.
• Clarabridge
• Clarivate Analytics
• RapidMiner Inc.
• Expert System Group
• Linguamatics
• Basis Technology
• SciBite
• KNIME
• IBM Corporation
• Quertle
• Right Signature LLC
• Lexalytics
• OpenText Corp.
• Thomson Reuters
• Semantria, Inc.
• Biomax Informatics AG
• Elsevier
• SAP SE
• SAS Institute Inc.

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Key Elements that the report acknowledges:

• Market size and growth rate during forecast period.
• Key factors driving the Text Analytics Market.
• Key market trends cracking up the growth of the Text Analytics Market.
• Challenges to market growth.
• Key vendors of Text Analytics Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Text Analytics Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.

The Insight Partners,
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