Press release
2023 Text Analytics Market Size, Application, Region And Growth Forecast To 2032
Text Analytics Market
Text Analytics Market Size, Growth Rate, And Forecast
The global text analytics market size grew from $8.09 billion in 2022 to $9.64 billion in 2023 at a compound annual growth rate (CAGR) of 19.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The text analytics market size is expected to grow to $19.75 billion in 2027 at a CAGR of 19.6%.
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Text Analytics Market Drivers
The growing demand for social media analytics Is contributing to the growth of the text analytics market. Social media analytics is the approach of collecting data from social media sites and blogs and evaluating the data for the purpose of making business decisions. The rapid growth of social media and the growing demand for analytical solutions to
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Text Analytics Market Segments
1) By Component: Software, Services
2) By Deployment: On-premise, Cloud
3) By Enterprise Size: Large Enterprises, Small and medium Enterprises (SME's)
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Text Analytics Market.
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Text Analytics Market Key Players
Major competitors in the Text Analytics Market include 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., Megaputer Intelligence, Inc., Oracle Corporation, TIBCO Software Inc., Bitext Innovations SL, Basis Technology, MeaningCloud LLC, KNIME.com AG, Averbis, bizAmica Software, Attivio, Kingland Systems, Capgemini, NICE, Verint Systems, Inc., and Amazon Web Services (AWS)
The Business Research Company's "Global Text Analytics Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Text Analytics Market Include:
1. Executive Summary
2. Text Analytics Market Characteristics
3. Text Analytics Market Trends And Strategies
4. Text Analytics Market - Macro Economic Scenario
5. Text Analytics Market Size And Growth
.......
26. Africa Text Analytics Market
27. Text Analytics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Text Analytics Market
29. Text Analytics Market Future Outlook and Potential Analysis
30. Appendix
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