openPR Logo
Press release

Text Analytics Market - Rising Popularity of Social Media Analytics to Drive Market

Text Analytics Market - Rising Popularity of Social Media

Rising focus of technological giants such as Microsoft, IBM, Google, and Apple towards improvement of text analytics techniques and principles has granted momentum to R&D activities in the field of text analytics in the past few years. And now, new and highly effective text analytics solutions are entering the market at a rapid pace and demand for effective solutions is soaring, notes Transparency Market Research (TMR) in a recent report.

As the demand from consumers rises at a sustained pace and the influx of highly efficient text analytics solutions continues to remain swift, the global market for text analytics will witness development at a rapid pace in the years to come, points TMR. Some of the leading vendors in the global text analytics market are IBM Corporation, SAP SE, RapidMiner, Inc., Attensity Group, Inc., Lexalytics, Inc. Microsoft Corporation, and Angoss Software Corporation.

Obtain Report Details @https://www.transparencymarketresearch.com/text-analytics-market.html

Rising Popularity of Social Media Analytics to Drive Market

The global text analytics market is majorly driven by the rising volumes of structured and unstructured text data across organizations, which is triggered primarily from a continuously rising user base on social media platforms, expanding web of the Internet, and the increased use of mobile communication devices. Rising awareness about the enormous value of text analytics principles in gaining an extensive understanding of consumer preferences, maturing technology, and improved computing power of computers are also encouraging the favorable development of text analytics market.

Cloud-based Solutions to Gain Maximum Prominence

Presently, on-premise text analytics solutions are the most preferred mode of deployment, with nearly 84% share in the global text analytics market in 2015. While most companies prefer on-premise solutions owing to the added security and safety they grant to business critical data, a large number of companies are considering cloud-based solutions owing to their flexibility and cost-competitive nature. The number of companies wanting to make this shift is rather large and vendors in the text analytics arena must tackle the opportunity on priority.

While the market for on-premise text analytics solutions deployment will continue to lead the market in terms of revenues till 2024, a large number of medium- and small-sized companies will opt for cloud-based solutions. As a result, cloud will gain the most prominence and lead to the most lucrative returns in the years to come. TMR states that the cloud-based deployment segment will expand at the fastest CAGR of 20.2% from 2016 to 2024.

Request to download and view full ToC @https://www.transparencymarketresearch.com/report-toc/9668

North America and Europe Markets to Compete Fiercely for Top Spot

Rapid technological advancements, a major share of population active on social media platforms, and rapid growth of mobile technology have bolstered the demand for effective text analytics solutions in developed regions such as North America and Europe. Although the text analytics market in North America has an upper hand in terms of market valuation, it will witness significant competition from Europe in terms of overall pace of development of the market. Over the period between 2015 and 2024, North America text analytics market is expected to expand at a 17.8% CAGR, rising from a valuation of US$1.09 bn in 2016 to US$4.75 bn by 2024. During the same period, the market in Europe is expected to expand at a minutely lower 17.2% CAGR.

Overall, the market for text analytics market will exhibit growth at a momentous pace across the entire globe as well from 2015 to 2024. The global market, which valued at US$2.82 bn in 2015, will exhibit a CAGR of 17.6% from 2016 to 2024, and rise to US$12.16 bn by 2024.

This review is based on a recent market intelligence report published by Transparency Market Research, titled “Text Analytics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com

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 - Rising Popularity of Social Media Analytics to Drive Market here

News-ID: 784400 • Views:

More Releases from Transparency Market Research

Solid Tires Market Expected to Witness Impressive Growth at a 8.1% CAGR by 2031
Solid Tires Market Expected to Witness Impressive Growth at a 8.1% CAGR by 2031
The latest research study released by Transparency Market Research on "Solid Tires Market Forecast to 2023-2031 ″ research provides accurate economic, global, and country-level predictions and analyses. Solid Tires market is estimated to attain a valuation of US$ 760.0 Mn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 8.1% during
Automotive Cyber security Market Sales Estimated to Hit USD 10.5 Billion by 2031| Says Transparency Market Research
Automotive Cyber security Market Sales Estimated to Hit USD 10.5 Billion by 2031 …
The latest research study released by Transparency Market Research on "𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐂𝐲𝐛𝐞𝐫 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐭𝐨 𝟐𝟎𝟐𝟑-𝟐𝟎𝟑𝟏 ″ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Automotive Cyber security industry, as
Ready-mix Concrete Market to Witness Exponential Growth with a CAGR of 6.1% from 2022 to 2031: TMR Study
Ready-mix Concrete Market to Witness Exponential Growth with a CAGR of 6.1% from …
The latest research study released by Transparency Market Research on "𝐑𝐞𝐚𝐝𝐲-𝐦𝐢𝐱 𝐂𝐨𝐧𝐜𝐫𝐞𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐭𝐨 𝟐𝟎𝟐𝟑-𝟐𝟎𝟑𝟏 ″ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Ready-mix Concrete industry, as well as
Mining Automation Market to Surge at 6.4% CAGR, Hitting US$ 7.3 Bn by 2031, According to TMR Study
Mining Automation Market to Surge at 6.4% CAGR, Hitting US$ 7.3 Bn by 2031, Acco …
The latest research study released by Transparency Market Research on "𝐌𝐢𝐧𝐢𝐧𝐠 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐭𝐨 𝟐𝟎𝟐𝟑-𝟐𝟎𝟑𝟏 ″ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Mining Automation industry, as well as

All 5 Releases


More Releases for Rising

Crypto High and Rising
Key Metrics Show Institutional Interest in Crypto and Ripple Is High and Rising As institutions flock to crypto, here are the fundamental metrics that can be used to track their interest. The growth of the crypto derivatives market in 2020 has been a story of its own, mainly driven by Bitcoin (BTC) and Ether (ETH) options traded on exchanges such as the Chicago Mercantile Exchange, Deribit, OKEx, Binance and Houbi. And
Rising Demand For Processed Meat Paired With Rising Disposable Revenue To Boost …
As per the analysts at Zion Market Research, the Global processed meat market was capitalized at almost USD 714.00 Billion in 2016 and is likely to cross almost USD 1,567.00 Billion by end of 2022, developing at a CAGR of almost 14.0% from 2017 to 2022. DOWNLOAD FREE PDF BROCHURE @ https://goo.gl/E8ksL4 Some of the major companies active in processed meat market are Pilgrims Pride Corp., JBS SA, Advance Pierre Foods, Sysco
Global SAR Market is Rising Rapidly with the Rising Growth in Demand for SAR Mar …
“Global SAR Market Research Report 2017” is a professional and incisive analysis on the market dynamics of the Global SAR Market industry and future growth prospects of the key market players across the global. The study offers detailed quantitative and qualitative analysis of the industry by offering an overview of key market conditions and statistics on market estimations. An in-depth insight into the industry overview is offered in the study
Rising Economic Growth and Rising jack-up rig market Analysis & Outlook (2017-20 …
“The Report Global Jack-Up Rig Market: Industry Analysis & Outlook (2017-2021) provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz" Rigs are giant structures or machines consisting of mud tanks, mud pumps, derrick or mast, draw works, rotary table, drill string, power generation equipments and auxiliary equipments. Rigs are used in drilling a wellbore. Some rigs are used on water and
Global Advanced Wound Care Management Market: Rising Prevalence of Chronic Wound …
The global market for advanced wound care management is likely to witness a progressive growth throughout the forecast period. The rising focus of prominent players on research and development activities and innovations is estimated to encourage the growth of the overall market in the coming few years. Nevertheless, the high cost of products in comparison with the traditional methods is anticipated to restrict the growth of the global market in
Advanced Wound Care Management Market: Rising Prevalence Of Chronic Wounds Key T …
The global market for advanced wound care management, being a highly technology- and research- oriented specialty sector of the overall wound care market, features few companies and a highly consolidated competitive landscape, observes a recent report by Transparency Market Research. The top four vendors in the market, namely Molnlycke Health Care, Smith and Nephew plc, Convatec, and Acelity L.P. Inc., accounted for a share of nearly 65% of the global