Sentiment Analytics Systems Market Size, Product Trends, Key Drivers, Share Analysis And Forecast To 2033

The new report published by The Business Research Company, titled ""Sentiment Analytics Systems Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the sentiment analytics systems market size has grown exponentially in recent years. It will grow from $2.48 billion in 2023 to $3.26 billion in 2024 at a compound annual growth rate (CAGR) of 31.4%. The sentiment analytics systems market size is expected to see exponential growth in the next few years. It will grow to $9.73 billion in 2028 at a compound annual growth rate (CAGR) of 31.5%.

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Intersection Of Social Media Monitoring And Sentiment Analytics Systems
The growing adoption of social media monitoring is expected to propel the growth of sentiment analytics systems markets going forward. Social media monitoring refers to tracking, analyzing, and responding to conversations and mentions about a brand, product, or topic across various social media platforms. The adoption of social media monitoring is growing due to its ability to provide real-time insights into consumer behavior, market trends, and brand sentiment, enabling companies to make data-driven decisions and enhance their online presence. The sentiment analytics systems allow businesses to effectively analyze and leverage public sentiment, improving their social media monitoring strategies. For instance, in February 2024, according to Backlinko, a US-based internationally recognized SEO expert, Facebook's daily active user growth rate increased by 5.1% YoY from 4.4% in 2022. Therefore, adopting social media monitoring is driving the growth of the sentiment analytics systems market.

Enhancing The Enterprise User Experience Through AI-Powered Sentiment Analysis
Major companies operating in the sentiment analytics systems market focus on technological integrations, such as AI-powered sentiment analysis, to improve enterprise user experience and optimization. An AI-powered sentiment analysis tool is a software application or service that utilizes artificial intelligence techniques, particularly natural language processing (NLP), to analyze text data and determine the sentiment or emotional tone conveyed within the text. For instance, in July 2022, Userlytics Corporation, a US-based leading global platform, integrated Amazon-powered sentiment analysis into its services. Amazon's AI-powered sentiment analysis has been integrated into a global UX research platform, enabling clients to gain qualitative insights into the user experience. The platform's UX design consulting service helps identify design problems and create tailored solutions, incorporating UX principles across IoT, machine learning, and AI use cases.

The sentiment analytics systems market covered in this report is segmented -

1) By Type: Cloud-Based, On-Premise
2) By Deployment Model: Private, Public, Hybrid
3) By Organization Size: Small And Medium Enterprises (SMEs), Large Enterprises
4) By Application: Banking, Financial Services, And Insurance (BFSI), Healthcare And Life Sciences, Education, Media And Entertainment, Retail, Government, Transportation And Logistics, Other Applications

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Major companies operating in the sentiment analytics systems market report are Amazon Web Services Inc., Google LLC, Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, Salesforce Inc, Adobe Inc., Twilio Inc., Splunk Inc. , SAS Institute Inc., SAP SE, NICE Ltd., Qualtrics, Nuance Communications Inc., Medallia Inc., Verint Systems Inc., Sprinklr Inc., Cision Ltd., Zoho Corporation Pvt. Ltd., Sprout Social Inc., Emplifi Inc., Quid, Meltwater, Lexalytics Inc., MonkeyLearn Inc.

Contents of the report:
1. Executive Summary
2. Sentiment Analytics Systems Market Report Structure
3. Sentiment Analytics Systems Market Trends And Strategies
4. Sentiment Analytics Systems Market - Macro Economic Scenario
5. Sentiment Analytics Systems Market Size And Growth
…..
27. Sentiment Analytics Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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