Global Text Analysis Software Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities

The Text Analysis Software Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Text Analysis Software Market Size and Projected Growth Rate?
The market size for text analysis software has seen exponential growth in recent years. Its size is projected to escalate from $4.84 billion in 2024 to $5.85 billion in 2025, equating to a compound annual growth rate (CAGR) of 20.9%. The expansion during the historic period is associated with factors like the growing popularity of such software among organizations, a surge in demand for customer-oriented solutions, the emergence of big data analytics, more widespread adoption of cloud-based solutions, and the growing need for intelligent text analysis software.

The market size for text analysis software is projected to experience substantial growth in the forthcoming years, reaching $12.37 billion in 2029 with a compound annual growth rate (CAGR) of 20.6%. This prospective growth in the forecasted period can be credited to growing usage of social media platforms, an augmented need for predictive analytics, increasing income from technological investments, a higher demand for customer insights, and the escalating need for an improved customer experience. Key forecasts for the period include technological progress, utilization of text analysis software, the launch of new technologies, advances in artificial intelligence (AI) and natural language processing (NLP), and the widespread use of social media platforms.

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What Are the Major Segments in the Text Analysis Software Market?
The text analysis software market covered in this report is segmented -

1) By Product: Clouds-Based, On-Premise
2) By Functionality: Text Analytics, Sentiment Analysis, Predictive Analytics, Social Media Monitoring, Other Functionalities
3) By Application: Large Enterprises, Small And Medium-Sized Enterprises (SMEs)
4) By End-User: Banking, Financial Services, And Insurance (BFSI), Retail, Healthcare, Manufacturing, Other End-Users

Subsegments:
1) By Cloud-Based: Multi-User Access, Scalability And Flexibility, Integration With Other Cloud Applications
2) By On-Premise: Local Data Storage, Customization Options, Enhanced Data Security Features

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What Are The Driving Text Analysis Software Market Evolution?
The growth of the text analysis software market is predicted to be spurred on by the rising popularity of social media platforms. These are online services or websites that provide users with the opportunity to generate and share content, engage in social networking activities and interact with others. The growing prevalence of social media platforms is fueled by factors such as cultural influences, easy mobile access, consumption of information and news, and brand promotion. Text analysis is routinely employed on such platforms to deliver valuable insights extracted from user-generated content, enhance the user experience, and foster meaningful exchanges between users and brands. For example, a report produced by We Are Social Ltd, a social media creativity and analytics company based in the UK, in January 2024 showed a 5.6 percent rise in social media identities over the past year as 266 million new users made their debut on social media in 2023. Consequently, the rising popularity of social media platforms is propelling the text analysis software market's expansion.

Which Firms Dominate The Text Analysis Software Market Segments?
Major companies operating in the text analysis software market are Amazon.com Inc., Google LLC, Microsoft Corporation, International Business Machines Corporation (IBM Corporation), SAP SE, QSR International Inc., SAS Institute Inc., Ascribe GmbH, Expert System S.p.A., KNIME AG, RapidMiner Inc., Bitext Innovations S.L., Lexalytics Inc., AYLIEN Ltd., Luminoso Technologies Inc., Clarabridge Inc., Averbis GmbH, MonkeyLearn Inc., Sayint.AI, Provalis Research, MeaningCloud LLC, Smartlogic Holdings Limited, Megaputer Intelligence Inc., Stratifyd Inc., Angoss Software Corporation, Etuma Oy, indico data solutions Inc., Keatext Inc., NetOwl by BAE Systems

What Are the Major Trends Shaping the Text Analysis Software Market?
In the sector of text analysis software, leading companies are progressing with the creation of sophisticated products such as text analysis platforms. These platforms are crafted to increasingly meet business needs for scalable and efficient tools to derive insights from textual data. Such software or systems offer specialized solutions for interpreting and analyzing textual data employing different techniques from artificial intelligence (AI), machine learning, and natural language processing (NLP) fields to comprehend and interpret text meanings. For example, in September 2022, Netigate, a software company based in Sweden, introduced a ground-breaking feature called text analysis. This feature uses AI and machine learning technologies to understand textual data akin to how humans would - ultimately intending to redefine the manner in which consumers work with open-text feedback. Features included sentiment analysis, pattern detection, and keyword groupings, among others. Other highlights encompass sentiment analysis, topic, feature, and aspect classification, semantic clustering, natural language processing, multilingual processing, tracking sentiment evolution over time, and extracting multi-word expressions.

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Which Is The Largest Region In The Text Analysis Software Market?
North America was the largest region in the text analysis software market in 2024. The regions covered in the text analysis software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Text Analysis Software Market?
2. What is the CAGR expected in the Text Analysis Software Market?
3. What Are the Key Innovations Transforming the Text Analysis Software Industry?
4. Which Region Is Leading the Text Analysis Software Market?

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