Press release
Strategic Forecast for the Text Analytics Industry: Market Outlook 2025-2034
Text Analytics Market Size
Text Analytics Market Size Growth Forecast: What to Expect by 2025?
The size of the text analytics market has significantly expanded in the past few years. The market, which was valued at $10.86 billion in 2024, is projected to escalate to $12.75 billion in 2025, displaying a compound annual growth rate (CAGR) of 17.4%. Several factors are credited with this growth during the historical period, including the boom in data generation, the need for actionable intelligence, improving customer experience, regulatory compliance requirements, and the desire for competitive intelligence.
How Will the Text Analytics Market Size Evolve and Grow by 2029?
In the coming years, a rapid surge is anticipated in the text analytics market size. The market is projected to expand to $28.19 billion by 2029, growing at a compound annual growth rate (CAGR) of 21.9%. This growth during the forecast period can be linked to solutions specific to industries, multilingual text analytics, predictive analytics and forecasting, as well as automated report generation. During the forecast period, major trends include emphasis on explainability in AI models, voice-to-text analytics, multilingual text analytics, incorporation of artificial intelligence and machine learning, automation in text summarization, and improvements to conversational AI and chatbots.
View the full report here:
https://www.thebusinessresearchcompany.com/report/text-analytics-global-market-report
What Drivers Are Propelling the Growth of Text Analytics Market Forward?
The text analytics market is seeing growth due to the increasing need for social media analytics. This refers to the process of gathering data from blogs and social media platforms for the purpose of informing business decisions. The swift expansion of social media, coupled with the need for analytical tools to enhance decision-making capacities, has resulted in a surge in the adoption of various text analytics techniques, such as sentiment analysis and event detection. For example, Meltwater NV, a US firm that monitors media services, reported in February 2023 that the number of internet users in the UK reached 66.11 million. This was an addition of 224,000 users, or a growth of 0.3%, from 2022 to 2023. Hence, the heightened demand for social media is predicted to stimulate the growth of the text analytics sector throughout the forecast period.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5971&type=smp
Which Emerging Trends Are Transforming the Text Analytics Market in 2025?
Technological advancements are gaining traction and becoming a prominent trend in the text analytics industry. Firms in this market are focusing on the creation of cutting-edge, innovative solutions tailored to the specific needs of diverse customer segments worldwide. For example, in September 2024, Explori, a UK-based event measurement company, introduced an AI-enabled text analysis tool. This tool streamlines the encoding of open-ended feedback and provides benchmarking in line with industry standards, drastically increasing the data analysis efficiency for event organizers. This invention empowers users to swiftly make decisions based on solid data, greatly improving event outcomes and the optimal use of resources.
What Are the Key Segments in the Text Analytics Market?
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
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=5971&type=smp
Who Are the Key Players Shaping the Text Analytics Market's Competitive Landscape?
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.
What Geographic Markets Are Powering Growth in the Text Analytics Market?
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
Purchase the full report:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5971
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
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 Strategic Forecast for the Text Analytics Industry: Market Outlook 2025-2034 here
News-ID: 4082531 • Views: …
More Releases from The Business Research Company
Viral Diagnostic Test Kits Market Insights Highlight Segment Expansion And Marke …
The viral diagnostic test kits market is gaining significant traction as the world focuses more on pandemic preparedness and rapid disease detection. Innovations in testing technology and a rising need for decentralized healthcare solutions are driving this sector forward. Let's explore the market size, key players, emerging trends, and segment details shaping the future of viral diagnostic testing.
Projected Market Growth for Viral Diagnostic Test Kits
The viral diagnostic test…
Vertebroplasty Needles Market Report Evaluates Growth Drivers, Challenges And Ma …
The vertebroplasty needles market is set for remarkable growth as demand for spine-related procedures rises globally. With advancements in surgical techniques and a growing elderly population, this sector is poised to expand significantly in the coming years. Let's explore the expected market size, key drivers, leading players, and segmentation details that define this evolving landscape.
Projected Market Size Growth for Vertebroplasty Needles by 2030
The vertebroplasty needles market is anticipated…
Ventricular Assist Device Market Report Provides Insights Into Market Evolution …
The ventricular assist device market is gaining significant traction as advancements in cardiovascular technology continue to evolve. Driven by demographic changes and innovations in device design, this sector is set to experience substantial growth and transformation over the coming years. Let's explore the current market size, key players, emerging trends, and detailed segment analysis that define this dynamic industry.
Projected Market Size and Growth of the Ventricular Assist Device Market …
Vein Illumination Devices Market Research Explores Growth Within A $1.05 Billion …
The vein illumination devices market is poised for remarkable expansion as advancements in medical imaging technology continue to enhance patient care. With a growing focus on non-invasive procedures and improved accuracy in intravenous access, this sector is attracting significant attention from healthcare providers and technology developers alike. Below, we explore the market's valuation, key players, segmentation, and the main drivers behind its growth.
Projected Market Value and Growth of the Vein…
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…
