Press release
Text Analytics Market Poised for 21.935% % Growth, Set to Hit $296.27 Billion by 2029
Text Analytics Market
The trend for social media analytics is fueling the expansion of the text analytics market. Social media analytics involves gathering data from social media platforms and blogs, and then analyzing that data in order to inform business decisions. The swift rise of social media, coupled with a growing need for analytical tools to enhance decision-making abilities, has led to a surge in the adoption of various text analytics methods like sentiment analysis and event detection, among others. For example, data disclosed by the US-based SaaS media observing company, Meltwater NV in February 2023, specifies that the volume of internet users in the UK hit 66.11 million, demonstrating a rise of 224,000 users (an increase of 0.3%) from 2022 to 2023. Hence, the burgeoning demand for social media is projected to spur the development of the text analytics sector during the forecasted period.
Get Your Text Analytics Market Report Here:
https://www.thebusinessresearchcompany.com/report/text-analytics-global-market-report
What is the future CAGR of the text analytics market, and how will it impact industry expansion?
In recent times, there has been a swift expansion in the size of the text analytics market. The market is projected to rise from $10.86 billion in 2024 to $12.75 billion in 2025, with a compound annual growth rate (CAGR) of 17.4%. The significant growth during the historical period could be ascribed to factors such as data surge, the need for actionable intelligence, improvement of customer experience, regulatory compliance, and competitive intelligence.
The market size of text analytics is slated for a significant enlargement in the following few years, with predictions of it reaching $28.19 billion by 2029 and a compound annual growth rate (CAGR) of 21.9%. Factors contributing to the projected enlargement over this forecasted timeframe include industry-specific solutions, multilingual text analytics, predictive analytics and forecasting, and automated report creation. Key trends anticipated in this upcoming period encompass an emphasis on explainability in AI models, voice-to-text analysis, multilingual text analysis, incorporating artificial intelligence and machine learning, automating text summarization, as well as the enhancement of conversational AI and chatbots.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5971&type=smp
What are the most significant trends transforming the text analytics market today?
The emergence of technological innovation is a prominent trend gaining traction in the text analytics industry. Businesses that operate within this industry are honing their efforts on devising innovative and avant-garde solutions tailored to address the unique needs of niche markets globally. For instance, in September 2024, Explori, an event measurement corporation based in the UK, unveiled an AI-based text analysis tool. This application automates the task of code creation for open-ended feedback and allows for benchmarking against industry norms, greatly uplifting the effectiveness of data analysis for those planning events. This technological advancement empowers users to promptly make decisions grounded in data, ultimately boosting the success of events and optimizing the allocation of resources.
Which key market segments comprise the text analytics market and drive its revenue growth?
The text analytics market covered in this report is segmented -
1) By Component: Software, Services
2) By Deployment: On-premise, Cloud
3) By Enterprise Size: Large Enterprises, Small And medium Enterprises (SME's)
Subsegments:
1) By Software: Text Analytics Platforms, Natural Language Processing (NLP) Tools, Sentiment Analysis Software, Data Mining Software, Visualization Tools
2) By Services: Consulting Services, Integration Services, Support And Maintenance Services, Training And Education Services
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5971
What regions are at the forefront of text analytics market expansion?
North America was the largest region in the text analytics market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the text analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the text analytics market?
Major companies operating in the text analytics market include International Business Machines 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 Corporation, MeaningCloud LLC, KNIME. com AG, Averbis GmbH, bizAmica Software Pvt. Ltd., Kingland Systems, Capgemini SE, NICE Ltd., Verint Systems Inc., Amazon Web Services Inc., Expert System S. p. A., Aylien Ltd., Provalis Research, Linguamatics Ltd.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=5971&type=smp
What Is Covered In The Text Analytics Global Market Report?
•Market Size Forecast: Examine the text analytics market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the text analytics market for a structured understanding.
•Key Players Overview: Analyze major players in the text analytics market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the text analytics market.
•Segment Contributions: Evaluate how different segments drive overall growth in the text analytics market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the text analytics market.
•Industry Challenges: Identify potential risks and obstacles affecting the text analytics market.
•Competitive Landscape: Review strategic developments in the text analytics market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Text Analytics Market Poised for 21.935% % Growth, Set to Hit $296.27 Billion by 2029 here
News-ID: 3884779 • Views: …
More Releases from The Business Research Company
Strategic Forecast for the Commercial Real Estate Industry: Market Outlook 2025- …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Commercial Real Estate Market Size Growth Forecast: What to Expect by 2025?
The size of the commercial real estate market has significantly expanded over the past few years. The market, which is expected to increase from $5,935.22 billion in 2024 to $6,281.58 billion in 2025, will experience a compound…
The Rise Of Coffee Consumption Is Fueling The Growth Of The Market Due To Its In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Coffee Shops Market Size Growth Forecast: What to Expect by 2025?
The size of the coffee shop market has seen robust growth in the past few years. The market, which is projected to be at $83.27 billion in 2024, is expected to reach $89.17 billion by 2025 with a…
Driving Chimney Waterproofing Services Market Growth in 2025: The Role of Rising …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Chimney Waterproofing Services Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a substantial growth in the market size for chimney waterproofing services. The market is projected to expand from $1.53 billion in 2024 to $1.67 billion in 2025, demonstrating a compound annual…
Emerging Trends to Drive Ceramic Coated Separators Market Growth at 20.9% CAGR T …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Ceramic Coated Separators Market Size Growth Forecast: What to Expect by 2025?
The market size of ceramic coated separators has seen a remarkable increase in recent times, and it is set to expand from the value of $1.47 billion in 2024 to reach the value of $1.78 billion in…
More Releases for Text
Mango AI's Text to Video Generator Turns Text into Interactive Videos
As video creation becomes more important for businesses and individuals, making good videos quickly is a big challenge. Mango AI, an innovative AI video generator developed by Mango Animate, introduced an intuitive text to video (https://mangoanimate.com/ai/text-to-video) tool to solve this problem. This tool benefits people who need to make videos often but need more time or the right skills. With it, anyone can transform scripts into videos that catch the…
AI Text-To-Image Generator Market From Text to Reality: The Rise of the AI Text- …
AI Text-To-Image Generator Market to Record an Exponential CAGR by 2031 - Exclusive Report by InsightAce Analytic
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global AI Text-To-Image Generator Market Size, Share & Trends Analysis Report By Component (Software and Services), By Application (Mobile Terminal, PC Terminal), By End-User (Art, Education, Fashion, Businesses, NFTs)- Market Outlook And Industry Analysis 2031"
The Global AI Text-To-Image Generator Market…
Mango Animate's Text Video Software Will Design Engaging Text Videos Easily
The intuitive text video maker simplifies the process of video production for everyone without any prior design knowledge. The software includes an array of features empowering users to create text animated videos that stand out.
Mango Animate will release a text video software(https://mangoanimate.com/products/tm) program that aims to help users of all expertise, be it professional video creators and someone with no video design knowledge, and convert their text into winning animated…
Text Analytics Market
Text Analytics Market: Introduction
Text analytics also known as text mining is used to analyze the unstructured data into meaningful insights. The text mining software examines the large chunk of written materials which identifies relationship, facts and assertions, whereby visualizing it the form of charts, graphs, maps and others.
These visualizing techniques are helpful to find the potential business insights in social media posts, medical records, surveys and other data based…
Text Analytics Market
“Text Analytics Market Development Factors and Investment Analysis by Leading Manufacturers 2020 – 2026” is the latest addition to www.coherentmarketinsights.com industry research reports collection.”
Text Analytics Market Overview:
The Text Analytics Market Report released and promoted by CMI draw out historical, existing, and forecast valuation of the Text Analytics industry till 2026. The report highlights the market essentials, opportunities, regional market, Emerging Growth Factors, market challenges, forecast and competitors joined with their…
Text Analytics Market Focusing on the Enhancement of their Text Analytics Capabi …
This research report provides in-depth analysis of the global text analytics market on the basis of deployment type, applications, and end-users. The text analytics market based on deployment type includes on-premise and cloud-based text analytics solutions.
The text analytics market on the basis of applications is segmented into data analysis & forecasting, fraud/spam detection, intelligence & law enforcement, and customer relationship management (CRM). The text analytics end-user segment comprises military…
