|01-31-2018 02:08 PM CET - Advertising, Media Consulting, Marketing Research||
Text Analytics Market is expected to double its market size by 2023
Press release from: HTF Market Intelligence Consulting Pvt. Ltd.
A new research document with title 'Text Analytics - Global Market Outlook (2017-2023)’ covering detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like North America, Europe, Middle East, China, India, Southeast Asia and important players/vendors such as Attensity Inc., Averbis, Bitext Innovations S.L., Clarabridge The report will help user gain market insights, future trends and growth prospects for forecast period of 2017-23
According to Research, the Text Analytics Market is accounted for $3.48 billion in 2016 and expected to grow at a CAGR of 18.1% to reach $11.19 billion by 2023. Factors like text analytics, predictive analytics for businesses and rise in highly customized and industry-specific applications are boosting the market growth. Lack of awareness, skilled workforce, and other operational challenges will impede the market growth. Furthermore, rising significance of big data and IOT in analytics market provide wider opportunity for the market to grow.
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Cloud based segment is anticipated to be the largest revenue generating market. Predictive analytics segment is expected to dominate the application segment during the forecast period. The retail and eCommerce segment, followed by the Banking, Financial Services, and Insurance (BFSI) segment, is witnessed to be the largest market during the forecast period. North America is the largest revenue generating region owing to the easy availability of text analytics solutions. Asia Pacific is projected to grow at the highest rate during the forecast period owing to growing awareness, surge in data, and increasing demand for real-time analytics.
Some of the key players in global Text Analytics market are Attensity Inc., Averbis, Bitext Innovations S.L., Clarabridge, Inc., Hewlett-Packard Development Company, IBM Corporation, Infegy, Inc., Knime.Com AG, Lexalytics, Inc., Luminoso Technologies, Inc., Meaningcloud LLC, Megaputer Intelligence, Inc., Microsoft Corporation, OpenText Corporation, Oracle Corporation, SAP SE, SAS Institute, Inc. and TIBCO Software Inc.
• Banking, Financial Services, & Insurance
• Energy & Utilities
• Fast Moving Consumer Goods (FMCG)
• Government & Defense
• Healthcare & Life Sciences
• Media & Entertainment
• Retail & Ecommerce
• Telecommunications & Information Technology
• Travel & Hospitality
• Other End-Users
• Brand reputation
• Competitive intelligence
• Customer relationship management (CRM)
• Document Management
• Fraud detection
• Governance, Risk, and Compliance Management
• Marketing Management
• Predictive analytics
• Workforce Management
o Managed Services
o Professional Services
Organization Sizes Covered:
• Small and Medium-Sized Enterprises
• Large Enterprises
Deployment Models Covered:
North America, Europe, Middle East, China, India, Southeast Asia
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
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2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
3 Market Trend Analysis
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Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.
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