Text Analytics Market is Expected to Grow at CAGR of 17.7% by 2021 – 2025 | Top key players - SAP SE, Lexalytics Inc., IBM, SAS Institute Inc.

New Research Report by Coherent Market insights on 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.

The global Text Analytics Market Research report provides a comprehensive overview of the industry's current and future trends. All market figures are included in the study, which was developed utilizing thorough primary and secondary research. The study also includes data from segments such as kind, enterprise, channel, and others, as well as market volume and cost for each category. The main participants in the market, distributors, and the overall structure of the commercial chain are all examined. It also assesses the factors and criteria that may impact the market's income growth.

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Key Players -

· SAP SE
· International Business Machines Corporation
· SAS Institute Inc.
· Opentext Corporation
· Medallia
· Clarabridge Inc.
· Bitext Innovations S.L.
· Lexalytics Inc.
· Megaputer Intelligence Inc.
· Luminoso Technologies Inc.
· Knime.Com AG.

Market Description -

Text analysis is a method for extracting information from unstructured text. This information assists businesses in determining customer expectations, product descriptions, and market trends. One of the primary reasons for the growth of the text analytics industry is the increasing volume and variety of data in feedback channels. The growing amount of data from feedback channels offers organizations with a wealth of information for analyzing client demand. Companies are increasingly resorting to text analytics to extract insights from unstructured language generated by social media posts, open-end survey questions, and other sources to improve their business processes and customer experience.

Many companies across the globe are using unstructured text mining for business insight and analysis. The reason behind this is the fact that it helps save a lot of time and money. Businesses can focus more on developing their products and services instead of trying to understand each customer's needs and buying behaviors.

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Market Opportunity -

The report provides a detailed analysis of the major players in the global Text Analytics market, with a focus on their market share, gross margin, net profit, sales, product portfolio, new applications, recent innovations, and other variables. It also sheds light on the vendor landscape, helping participants to foresee future competitive actions in the global Text Analytics industry. The Text Analytics market research report provides an in-depth analysis of crucial factors such as growth boosters, constraints, and lucrative opportunities that are expected to impact the business dynamics over the forecast period of 2021-2027.

The coronavirus pandemic had a wide range of effects on the global economy. A number of market conditions have changed. According to the Text Analytics research file, the market is rapidly evolving, and its impact is being examined both now and in the future. For the forecast period, the analysis provides specific projections for the industry's market size, percentage, production capacity, demand, and growth. This is the most latest data on the COVID-19 situation.

Key Market Drivers:

Increasing demand for text analytics is expected to propel growth of the global text analytics market over the forecast period. For instance, in February 2021, Medallia, in partnership with DLT Solutions, a government technology aggregator, gained a contract from the General Services Administration to deliver a text analytics and natural language processing tool to the agency's Technology Transfer Services unit.

Segmentation of the Text Analytics Market -

By Deployment Model (Cloud, On-Premises)

By Application (Competitive Intelligence, Customer Relationship Management, Predictive Analytics, Fraud Detection and Brand Reputation)

By Organization Size (Small and Medium Enterprises and Large Enterprises)

By End Users (Banking, Financial Services, and Insurance, Retail and E-Commerce, Government and Defense, Healthcare and Life Sciences, Manufacturing, Telecommunications and Information Technology.)

Geography Analysis -

North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa are some of the geographical areas in which the Text Analytics market is divided. Technological breakthroughs, studies and improvement, infrastructural enhancement, financial growth, and a strong market presence in each region are all covered in studies.

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Scenario of Competitive -

The Text Analytics market study highlights the most significant industry acquisitions, collaborations, and product launches. The observed record incorporates advanced study approaches such as SWOT and Porter's Five Forces evaluation to provide deeper insights into key actors. The study gives an overview of the worldwide competitive climate as well as critical insights into the leading competitors' ambitions to grow their businesses. It also contains critical information on economic conditions, global positioning, product portfolios, earnings, and gross profit margins, as well as technology and research advancements.

Report Coverage:

-Worldwide and Top 20 Countries Market Size of Text Analytics and development forecast 2021-2028.
-Main manufacturers/suppliers of Keyword worldwide and market share by regions, with company and product introduction, position in the Text Analytics market.
-Market status and development trend of Text Analytics by types and applications.
-Cost and profit status of Text Analytics, and marketing status.
-Market growth drivers and challenges.
-Top key players of industry are covered in Text Analytics Industry Research Report
-Geographical Regions covered in Text Analytics Market report are North America, Europe, Asia Pacific, Latin

Questions and Answers (FAQs):

What is the scope of the report?

· Is the current market size in this study estimated?
· What are the report's most important sections?
· What aspects of the market are discussed in depth in this report?
· Is it possible to change anything about this report?
· How do you see the market in 2028 in terms of size and growth?
· What are the most significant Text Analytics trends in the world?
· How much money did the Text Analytics industry make in the previous and subsequent years?

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Coherent Market Insights -

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

This release was published on openPR.