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Text Analytics market is projected to reach USD 8.79 billion by 2022

07-07-2017 11:58 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Reports and Reports

Text Analytics Market

Text Analytics Market

Text Analytics Market by type 2017-2022 by Service spreads across 157 pages profiling 13+ companies and supported with 71 tables and 65 figures available at ReportsnReports.com

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“Growing need for social media analytics and availability of customized solutions is expected to propel the market growth.”
The global text analytics market size is estimated to grow from USD 3.97 billion in 2017 to USD 8.79 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 17.2%. The development and innovations in text analysis is ascribed by the rising acknowledgment of online networking sites and increasing inclination of organizations towards cloud globally. The ability to control misrepresentation of data, supervision of collected data, and creation of a successful plan to mitigate data-related risks are the major factors driving the worldwide text content analysis market. As massive amounts of data are being produced by various data sources, cloud adoption is facilitating various organizations to analyze these data volumes to obtain actionable insights. The strategic benefits from text analytics solutions to enhance market share and gain a leading edge over competitors have influenced the adoption of text analytics solutions in different organizations. Furthermore, text analytics is gaining traction with the advent of cutting-edge technologies which is assisting in transformation of the methods used for making business decisions.

“Customer Experience Management (CEM) is expected to hold the largest market share during the forecast period.”
Among the various applications in the text analytics market, the CEM application is expected to hold the largest market share during the forecast period. Text mining is the most traditional application in customer service and is frequently utilized to improve customer experience through various information sources. Today, text analytics is implemented to offer quick, computerized feedback to the clients, which significantly reduces dependency on executives for resolving issues.

Text Analytics Market Analysis, By Component

Introduction
Software
Services
Managed Services
Professional Services
Support and Maintenance
Consulting Services
System Integration and Deployment

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Fundamentals of Table of Content:

7 Text Analytics Market Analysis, By Application

7.1 Introduction
7.2 Customer Experience Management
7.3 Marketing Management
7.4 Governance, Risk, and Compliance Management
7.5 Document Management
7.6 Workforce Management
7.7 Others

8 Text Analytics Market Analysis, By Deployment Model

8.1 Introduction
8.2 On-Premises
8.3 Cloud

13 Company Profiles

(Business Overview, Product Offering and Business Strategy, Recent Developments, MnM View)*
13.1 SAP SE
13.2 International Business Machines Corporation
13.3 SAS Institute, Inc.
13.4 Opentext Corporation
13.5 Clarabridge, Inc.
13.6 Bitext Innovations S.L.
13.7 Lexalytics, Inc.
13.8 Megaputer Intelligence, Inc.
13.9 Luminoso Technologies, Inc.
13.10 Knime.Com AG
13.11 Infegy, Inc.
13.12 Averbis
13.13 Meaningcloud LLC

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

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