openPR Logo
Press release

Text Analytics Market to Receive overwhelming hike in Revenues by 2021

11-10-2017 07:14 AM CET | IT, New Media & Software

Press release from: Persistence Market Research 

Text Analytics Market to Receive overwhelming hike in Revenues

Text analytics can be defined as a process of retrieving information from the available text sources. Text analytics is used for various purposes such as summarization of information, classification, sentimental analysis and data investigation. Text Analytics has become vital for smooth functioning of business across world. Text Analytics software helps its end user to perform data analysis for obtaining useful insights. Text Analytics software’s are capable to process structured as well as unstructured data in a same efficient manner. In text analytics software, natural language processing toolkits are used which are competent enough to overcome any type of language barrier and this toolkit can derive information from any unknown languages. Modern text analytics software offers user friendly interface for better representation and analysis.

A sample of this report is available upon request @ https://www.persistencemarketresearch.com/samples/7096

Globally, need of effective text analytics solution and services is increasing steadily. Factors which are driving the growth of global text analytics service market are growing demand of social media analysis for effective brand building, development of multilingual text analytics to overcome language barriers, increasing concern of financial frauds and growing big data market. On the other hand, factors which are restraining the growth of global text analytics market are lack of awareness among end users about software handling, high deployment cost and compliance issue with present IT infrastructure. However, added advantage of predictive analytics and credibility to analyse big data is expected to create great opportunity for text analytics market in future.

Global text analytics market is segmented on the basis of application, organization size, deployment model and verticals. On the basis of application, the global text analytics market can be segmented into, enterprise application, predictive analytics, data analytics application, web-based application, search based applications and others. Predictive analytics segment is expected to be major application segment of global text analytics market during the forecast period

On the basis of organization size, the global text analytics market can be segmented into small enterprises, medium enterprises and large enterprises.

On the basis of deployment model, the global text analytics market can be segmented into on-premise and cloud deployment. Cloud based deployment model expected to gain significant importance during the period of forecast. However, small enterprises are still very much dependent on on-premise model

On the basis of verticals, the global text analytics market can be segmented into banking, financial serves and insurance (BFSI), healthcare & pharmaceuticals, manufacturing, retail & hospitality, telecommunication, consumer packed goods and others

On the basis of region, the text analytics market can be segmented into seven regions which includes, North America, Latin America, Western Europe, Asia-Pacific (excluding Japan), Eastern Europe, Japan and Middle East & Africa region. Further the market is sub-segmented as per the major countries of each region in order to provide better regional analysis of the Text Analytics Market. North America region is expected to dominate the global text analytics market during the period of forecast.

Western Europe region is expected to be second largest market in terms of revenue during the forecast period.

To view TOC of this report is available upon request @ https://www.persistencemarketresearch.com/toc/7096

Text Analytics Market: Key Players

Key players in global text analytics market are IBM Corporation, Microsoft, Hewlett-Packard Development Company, L.P., Attensity Inc., Clarabridge, SAP SE, TIBCO Software Inc., Tableau Software and Oracle among others. Key players are focusing on continuous innovations in the existing text analytics software’s. Hence new product launch is the major development strategy adopted by market players in order to grow in market. In 2014, Linguamatics launched I2E Semantic Enrichment to offer increased return on investment in enterprise search systems.

About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.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 to Receive overwhelming hike in Revenues by 2021 here

News-ID: 810354 • Views:

More Releases from Persistence Market Research 

Intra Aortic Balloon Pump Market Expected to Behold a CAGR of 2.7% through 2027
Intra Aortic Balloon Pump Market Expected to Behold a CAGR of 2.7% through 2027
Growing prevalence of lethal diseases, such as cardiac arrest and heart failure due to changing lifestyle and eating habits is leading to increasing cardiac surgeries and procedures worldwide. Of late, intra-aortic balloon pump has emerged as a cutting-edge product in cardiac management and care. It is basically a polyethylene balloon mounted on a catheter that assists heart during both its rest phase and work phase. However, there have been occasions
Pediatric Hearing Aids Market Size By 2025 | Top Key Players are Sonova, William Demant, Sivantos, GN Store Nord (ReSound), Starkey Technologies, and Widex
Pediatric Hearing Aids Market Size By 2025 | Top Key Players are Sonova, William …
Persistence Market Research (PMR) has recently published a new research report titled, “Pediatric Hearing Aids Market: Global Industry Analysis (2012 – 2016) and Forecast (2017 – 2025).” Hearing aids can help improve the hearing and speech of children with sensorineural hearing loss (hearing loss in the inner ear due to damaged hearing nerve). Sensorineural hearing loss can be caused by noise, injury, infection, certain medications, birth defects, tumors, and problems
Intra Operative Imaging Market Growth By 2024 | Top Key Players are IMRIS Inc., NeuroLogica Corp., GE Healthcare, and Medtronic Plc.
Intra Operative Imaging Market Growth By 2024 | Top Key Players are IMRIS Inc., …
Persistence Market Research has recently published its report on the global market for intraoperative imaging, excerpts from which predict the market to be presently valued at US$ 513.9 million. According to the report, the demand for intraoperative imaging will keep surging on the grounds of increasing adoption of minimally-invasive surgeries and remarkable progress witnessed in the field of diagnostic imaging for neurosurgeries. The world’s leading medical research institutes are also
Explosive Detection Equipment Market to Reflect Impressive Growth Rate During 2017-2025
Explosive Detection Equipment Market to Reflect Impressive Growth Rate During 20 …
Global Explosive Detection Equipment Market: Introduction With the growing threat of terrorism across the globe, explosive detection equipment is a necessity of today’s world. The equipment used for explosive detection prevents the shipping of illegal materials, such as narcotics and small arms. Common explosives are made of organic as well as inorganic nitrogen and nitrate compounds, such as ammonium nitrate in fuel oil (ANFO) and triacetone triperoxide (TATP). There are several

All 5 Releases


More Releases for Text

New Batch PDF Text Deleting Tool Deletes Text from PDF Files in Bulk
Today PDFEraser, Inc. released the new software program PDF Text Deleter, which is a Windows PDF utility enables users to permanently delete text from PDF files in bulk easily. People may often find that some PDF documents have the wrong text that needs to be removed, or important text should not be displayed in their daily work. Since PDF is a virtually printed document format, it could be very troublesome
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
Text Analytics Market
“Text Analytics Market Development Factors and Investment Analysis by Leading Manufacturers 2020 – 2026” is the latest addition to www.coherentmarketinsights.com industry research reports collection.” Text Analytics Market Overview: The Text Analytics Market Report released and promoted by CMI draw out historical, existing, and forecast valuation of the Text Analytics industry till 2026. The report highlights the market essentials, opportunities, regional market, Emerging Growth Factors, market challenges, forecast and competitors joined with their
Text Analytics Market Focusing on the Enhancement of their Text Analytics Capabi …
This research report provides in-depth analysis of the global text analytics market on the basis of deployment type, applications, and end-users. The text analytics market based on deployment type includes on-premise and cloud-based text analytics solutions. The text analytics market on the basis of applications is segmented into data analysis & forecasting, fraud/spam detection, intelligence & law enforcement, and customer relationship management (CRM). The text analytics end-user segment comprises military
Text Analytics Market - Increase in unstructured data demand text analytics solu …
This report on the global text analytics market provides analysis for the period from 2014 to 2024, wherein 2015 is the base year and the years from 2016 to 2024 are the forecast period. Data for 2014 has been included as historical information. The report covers all the prevalent trends and technologies playing a major role in the growth of the text analytics market over the forecast period. It also