Text Analytics market is expected to grow US$ 18.28 Bn by 2025

Text Analytics Market to 2025 – Global Analysis and Forecast by Deployment Model, Technology, Application and Verticals. Text Analytics market is expected to grow to US$ 18.28 Bn by 2025 from US$ 2.59 Bn in 2016. With increasing competition and changing consumer perspectives, organizations are making significant investments in solutions capable of analyzing customer and competitor data in order to improve competitiveness. The mainstream source of data are e-commerce platforms, social media, survey, individual blog, published articles and others. Greater part of data generated is unstructured, which makes it difficult and expensive for the companies to assess with the help of individuals. This challenge combined with the rapid growth in data generation has led to the development of analytical tools not only capable of handling large volume of text data but also assist in better decision making. Text analytics software enables a user to draw meaning from large volume of data sets available from different sources. It comprises of Graphical User Interface (GUI) which enables the user to analyze the finding obtained after text mining process.

Request a Sample Report at http://www.theinsightpartners.com/sample/TIPTE100000198

Text analytics is creating value across several industrial verticals. Leading players are making continuous improvements in the language processing algorithms to make companies aware of the latest industry trends across different industry verticals.

The global text analytics market by geography is segmented into five regions including North America, Europe, Asia Pacific, Middle East & Africa and South America. The North America (NA), Asia Pacific (APAC) and Europe (EU) in total hold more than half of the total market, while the regions such as Middle East and Africa (MEA) and South America (SAM) are exhibiting a slow growth curve towards the adoptions of text analytics solution. The reason for slow growth rate in these regions is attributed to the lack of internet penetration as well as limited usage of social networking sites. The key players profiled in the report are IBM Corporation, SAP SE, SAS Institute Inc., Clarabridge, Expert Systems, OpenText Corp., Basis Technology, Linguamatics, ANGOSS SOFTWARE CORPORATION and KNIME.

Inquire Before Buying at http://www.theinsightpartners.com/inquiry/TIPTE100000198

The report segments the global text analytics market as follows:

Global Text Analytics Market – By Deployment Model
On-premise
Cloud

Global Text Analytics Market – By Technology
Natural Language Processing (NLP)
Automated Machine Learning (AML)
Hybrid

Global Text Analytics Market – By Application
Predictive Analysis
Social Media Monitoring
Fraud/Spam Detection
Competitive Intelligence
Others

Global Text Analytics Market – By Verticals
BFSI
Telecom Sector
Government
FMCG
Pharmaceuticals
Legal and Intellectual Property
Academia and Education
Chemistry and Materials
Healthcare
Retail
Others

Global Text Analytics Market – By Geography
North America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
U.K
Asia Pacific (APAC)
Japan
China
India
Australia
Middle East & Africa (MEA)
Saudi Arabia
South Africa
UAE
South America (SAM)
Brazil

View Complete Report at http://www.theinsightpartners.com/reports/text-analytics-market

Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com

About The Insight Partners
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.

Address
533, 5th Floor,
Amanora Chambers, East Block, Amanora Township,
Kharadi Road, Hadapsar, Pune-411028

This release was published on openPR.