Press release
Text Analytics Market: The global market is expected to grow at a CAGR of 17.5% during the forecasted period
The Text Analytics Market has seen significant growth as organizations seek to leverage the insights hidden within unstructured textual data. This market evolution is driven by the increasing volume of text data generated online, the need for enhanced customer experience, and the desire to make data-driven decisions based on unstructured information.
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Key Highlights:
• The global Text Analytics Market size was valued at USD 2.9 billion in 2022 growing at a CAGR of 17.5% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global Text Analytics Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges..
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Key Players
Some of the major Text Analytics Market players holding high market shares include SAP SE, SAS Institute Inc., Clarabridge Inc. and OpenText Corporation. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• IBM Corporation
• SAP SE
• SAS Institute Inc.
• Clarabridge Inc.
• OpenText Corporation
• Megaputer Intelligence Luminoso Technologies Inc.
Segmental Analysis
Market Segment By Component
• Software
• Services
Market Segment By Application
• Customer Experience Management
• Workforce Management
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Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
Reasons to Buy this Report:
• Comprehensive insights.
• Reliable and accurate data.
• Market size and data forecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making
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Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.
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