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
Leading Companies Fueling Growth and Innovation in the Sun Care Products Market
The sun care products market is on track for substantial expansion as consumer awareness about skin protection intensifies worldwide. With evolving preferences and technological advancements shaping product offerings, this sector is set to witness robust growth in the coming years. Let's explore the market's size projections, key players, emerging trends, and major segments driving its development through 2030.
Projected Size and Growth Trajectory of the Sun Care Products Market
The…
Future Perspectives: Key Trends Shaping the Styrene Butadiene Rubber (SBR) Based …
The styrene butadiene rubber (SBR) based adhesive market is on track for notable growth as we approach 2030. Driven by a variety of factors including expanding infrastructure projects and rising demand across multiple industries, this sector is poised for steady expansion. Let's explore the market's size projections, key players, emerging trends, and the main segments shaping its future.
Projected Growth and Market Size of Styrene Butadiene Rubber Based Adhesives
The…
Emerging Sub-Segments Transforming the Stearic Acid Market Landscape
The stearic acid market is poised for significant expansion in the coming years, driven by evolving demand across various industries. This report explores the projected market size, leading companies, key trends, and segment analysis shaping the future of this vital chemical.
Stearic Acid Market Size and Growth Outlook
The stearic acid market is set to grow robustly, reaching a valuation of $54.63 billion by 2030. This represents a compound annual…
Market Trend Insights: The Impact of Recent Innovations on the Specialty Pestici …
The specialty pesticides sector is on the verge of significant expansion as global agricultural practices continue to evolve. Driven by increasing demand for crop protection and sustainable farming techniques, this market is set to experience robust growth in the coming years. Let's explore the market's anticipated value, leading companies, emerging trends, and detailed segmentation to gain a comprehensive understanding of this dynamic industry.
Projected Market Size and Growth Expectations for Specialty…
More Releases for Text
Mango AI's Latest Text to Video Maker Turns Text into Engaging Videos
Mango AI, an AI video generator developed by Mango Animate, has launched its latest innovation: a text to video (https://mangoanimate.com/ai/text-to-video) maker designed to streamline video production. This versatile tool enables users to transform text prompts into AI-generated video clips, eliminating the need for traditional video editing expertise.
Creating a video with Mango AI is intuitive and flexible. Users enter a text prompt that describes the desired scene, actions, characters, locations, or…
AIVocal Text to Speech - Turn Any Text into Natural, Engaging Speech
In today's digital world, creating engaging audio content has become essential for creators, educators, and businesses. The Text to Speech (https://aivocal.io/ai-speech) tool from AIVocal makes this process effortless. It transforms your written content - from blog posts and scripts to reports and presentations - into natural, human-like audio. Whether you want to create narrated videos, audiobooks, podcasts, or educational materials, AIVocal gives you the power to produce professional-quality voiceovers without…
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…
