Text Analytics Market 2024-2032: Emerging Trends, Growth Opportunities, Growth And Business Strategies | Amazon Web Services (AWS), Altair Engineering, Inc.

Organizations are progressively employing text analytics tools to support their decision-making process by providing actionable insights from multiple text sources, including client interactions, emails, blogs, product reviews, tweets, and call logs. The primary aim of text analytics is to gather information from various types of data, encompassing both unstructured and structured, which are then used for analysis, aiding the organization's business choices and influencing the market.

The main advantages of text analytics comprise lowered costs, improved processing speed, big data integration, and greater consistency. The creation of unstructured data from users' tweets and emails is becoming more widespread because of the digitalization of shopping. Organizations compile this information to comprehend consumer behavior regarding the company and its offerings, which enhances the firm's development.

The Text Analytics Market is Valued USD 3.39 billion in 2024 and projected to reach USD 11.91 billion by 2034, growing at a CAGR of 17.00% During the Forecast period of 2024-2032.

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The report presents authenticated data derived from extensive primary and secondary research. By analysing historical growth trends and the current market landscape, it aims to provide actionable insights and forecasts for global and regional market growth. It takes into account revenue generated from report sales and related technologies across various application segments while exploring market data tables. Key market factors, including macroeconomic conditions, the overall market environment, government policies, and the competitive landscape, are carefully examined to ensure a comprehensive analysis.

Top companies covered in this report: Amazon Web Services (AWS), Altair Engineering, Inc. (Angoss Software Corporation), Basis Technology, Bitext Innovations SL., Brandwatch, Clarabridge, IBM Corporation, Interactions LLC, Jive Software (Aurea, Inc.), Khoros, LLC, Lexalytics, Inc., Luminoso Technologies, Inc., Medallia, Inc., Megaputer Intelligence, Inc., Micro Focus LLC, Microsoft Corporation, Netbase Solutions, OpenText Corporation, RapidMiner Inc., SAP SE , SAS Institute Inc., Unimetric, and Verint Systems, Inc. and among others.

Industry News:

January 2023- Microsoft announced a new multibillion-dollar investment in ChatGPT maker Open AI. ChatGPT, automatically generates text based on written prompts in a more creative and advanced than the chatbots. Through this investment, the company will accelerate breakthroughs in AI, and both companies will commercialize advanced technologies.

November 2022 - Tntra and Invenio have partnered to develop a platform that offers comprehensive data analysis on a firm. Throughout the process, Tntra offered complete engineering support and cooperation to Invenio. Tntra offers feeds, knowledge graphs, intelligent text extraction, and analytics, which enables Invenio to give information on seven parts of the business, such as false news identification, subject categorization, dynamic data extraction, article summaries, sentiment analysis, and keyword extraction.

Text Analytics Market Segmentation:

By Component
Software
Services
Managed Services
Professional Services
Support and Maintenance
Consulting Services
System Integration And Deployment

By Application
Marketing Management
Customer Experience Management
Governance, risk and Compliance Management
Document Management
Workforce Management
Others

By Deployment Mode
On-Premises
Cloud

By Organization Size
SME's
Large Enterprises

By Vertical
BFSI
IT & Telecommunication
Retail and Ecommerce
Healthcare and Life Sciences
Manufacturing
Government and Defense
Energy & Utilities
Media & Entertainment
Travel & Hospitality
Others

Regional Analysis

North America (USA and Canada)
Europe (UK, Germany, France and rest of Europe)
Asia-Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil, Mexico, and Rest of Latin America)
Middle East and Africa (GCC and Rest of the Middle East and Africa)

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Important Features of the reports:

- Detailed analysis of the Text Analytics Market
- Fluctuating market dynamics of the industry
- Detailed market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of the Text Analytics Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards Text Analytics Market performance.

The report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios of the top players in the Text Analytics Market.

Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market.

Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market.

Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Text Analytics Market

How big will the market and growth rate be in 2032?

What are the key drivers for the global Text Analytics Market?
What are the major market trends influencing the growth of the global Text Analytics Market?
What are the challenges for market growth?
Who are the key vendors in the global Text Analytics Market?
What market opportunities and threats are vendors facing in the global Text Analytics Market?
What are the main findings of the five forces analysis of the global Text Analytics Market?

Conclusion: At the end of the Text Analytics Market report, all findings and estimates are presented. It also includes key drivers and opportunities and regional analysis. The Segment analysis is also provided in terms of type and application.

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