Text Analytics Market 2022 Competitive Insights and Precise Outlook - IBM Corporation, Microsoft Corporation, SAP SE

The Text Analytics Market outlook looks extremely promising is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain, future roadmaps and its distributor analysis. The report provides a comprehensive look at the regions such as North America, Europe, APAC, and ROW of the Text Analytics Market.

The report presents the market competitive landscape and a corresponding detailed analysis of the major vendors/key players in the market. Top Companies in the Global Text Analytics Market: IBM Corporation, Microsoft Corporation, SAP SE, SAS Institute Inc., Lexalytics Inc., Luminoso Technologies Inc., Clarabridge Inc., Micro Focus International PLC, OpenText Corporation, RapidMiner Inc., Infegy Inc., Medallia Inc.

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The global text analytics market was valued at USD 5.46 billion in 2020 and is expected to reach a value of USD 14.84 billion by 2027 at a CAGR of 17.35% over the forecast period (2022-2027).

Industry News:

- July 2020 - Microsoft Corporation announced the inclusion of text analytics capabilities within its Azure Cognitive Services product. According to the company, the text analytics for health feature can process various data types and tasks, including extracting more than 100 types of personally identifiable information (like protected health information) from unstructured texts.

- March 2020 -SAS released its COVID-19 search tool, which may extract text and numerical data from more than 50,000 research articles and allow users' quick access to relevant information.

Scope of the report:

- Text analytics tools are being increasingly used by organizations to aid their business-making process by offering actionable insights from various forms of text sources, such as client interaction, emails, blogs, product reviews, tweets, and center logs.
- The primary objective of text analytics is to accumulate different forms of data, including structured and unstructured, which is further utilized for the analysis, thereby fueling the organization's business decisions.
- Some of the primary benefits of text analytics include cost reduction, enhanced processing speed, integration of big data, and better consistency.

Key Trends:

Retail and E-commerce to Hold a Significant Share in Text Analytics Market:
- In retail, text analytics plays an important role in analyzing customer behavior and predicting consumer nature, which is likely to drive the market in the industry. By adopting text analytics, organizations can provide personalized schemes and discounts to their customers by making use of their historical trends.
- Retailers use social media platforms as a key source to acquire data to utilize text analytics, anticipate the demand and supply, and enhance the customer experience.
- In order to meet increased expectations and direct communication from consumers, retailers should implement the technology and processes that enable them to manage the volume, variety, access, and governance of consumer data.

The report has 150 tables and figures browse the report description and TOC:

https://www.marketinsightsreports.com/reports/02285848022/text-analytics-market-growth-trends-covid-19-impact-and-forecasts-2022-2027?mode=206

Important Features of the report:

Detailed analysis of the Global Text Analytics Market
Fluctuating market dynamics of the industry
Detailed market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of the Global Text Analytics Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective toward Global Text Analytics Market performance

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