Text Analytics Market Size Observe Significantp

Rhea
Rhea 1/30/2020 7:31:14 AM

Text
Analytics Market Size Observe Significant Surge during 2019- 2022


In-depth study on Text Analytics Market by MarketsandMarkets™
provides broad analysis on the basis of growth, applications and key players
which is useful for better decision making.

According to a new
market research report
"Text Analytics
Market
 by
Component (Software, Services), Application (Customer Experience Management,
Marketing Management, Governance, Risk and Compliance Management), Deployment
Model, Organization Size, Industry Vertical, Region - Global Forecast to
2022"
published by
MarketsandMarkets™
,
the Text Analytics Market expected 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 key forces driving the Text Analytics Market
include growing need for social media analytics, predictive analytics for
businesses, and the need for customized and industry-specific
applications.              

Browse in-depth TOC on "Text
Analytics Market”

71- Tables

65- Figures

155- Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=253879369

 “Cloud-based
text analytics solutions are expected to gain the maximum traction during the
forecast period”

The cloud deployment market share is expected to
increase rapidly since most of the firms are swiftly transforming themselves
from brick to click models. A cloud server for text analytics means less
storage space and reduced maintenance cost. Cloud-based text analytics
solutions are gaining traction among Small and Medium-sized Enterprises (SMEs)
as SMEs face the challenge of affordability of the infrastructure required for
an on-premises implementation.

“The text analytics software component is expected
to contribute the largest market share in 2017”

Among components, text analytics software is
expected to continue its dominance throughout the forecast period. Text
analytics solutions empower users to perform quick data extraction and
categorization with real-time insights from the stored data. Moreover, growing
importance of insights generated from social media content to build effective
marketing campaigns and enhance customer experience is driving the market
growth.

 “North
America is expected to constitute the largest market share; Asia Pacific (APAC)
to grow at the highest CAGR.”

In terms of market share, North America is expected
to continue its dominance throughout the forecast period. Early adoption of new
and emerging technologies and large numbers of text analytics vendors in the
region would help consolidate the majority of revenues in the market. The APAC
region is expected to grow at the highest CAGR during the forecast period.
Growing technology expenditures in countries such as China and India and the
demand for cost-effective analytical software and services among SMEs are
expected to drive the market growth during the forecast period.

The major vendors providing text analytics market software
and services are SAP SE (Walldorf, Germany), IBM Corporation (New York, US),
SAS Institute, Inc. (North Carolina, US), OpenText Corporation (Ontario,
Canada), Clarabridge, Inc. (Virginia, US), Megaputer Intelligence, Inc.
(Indiana, US), Luminoso Technologies, Inc. (Massachusetts, US), MeaningCloud
LLC (New York, US), KNIME.com AG (Zurich, Switzerland), Infegy, Inc. (Missouri,
US), Lexalytics, Inc. (Massachusetts, US), Bitext Innovations S.L. (Madrid
Spain), and Averbis (Freiburg  Germany).

About MarketsandMarkets™

 

MarketsandMarkets™ provides quantified B2B research on
30,000 high growth niche opportunities/threats which will impact 70% to 80% of
worldwide companies’ revenues. Currently servicing 7500 customers worldwide
including 80% of global Fortune 1000 companies as clients. Almost 75,000 top
officers across eight industries worldwide approach MarketsandMarkets™ for
their painpoints around revenues decisions.

 

Our 850 fulltime analyst and SMEs at
MarketsandMarkets™ are tracking global high growth markets following the
"Growth Engagement Model – GEM". The GEM aims at proactive
collaboration with the clients to identify new opportunities, identify most
important customers, write "Attack, avoid and defend" strategies,
identify sources of incremental revenues for both the company and its
competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants
(Positioning top players across leaders, emerging companies, innovators, and
strategic players) annually in high growth emerging segments.
MarketsandMarkets™ is determined to benefit more than 10,000 companies this
year for their revenue planning and help them take their innovations/disruptions
early to the market by providing them research ahead of the curve.

 

MarketsandMarkets’s flagship competitive intelligence
and market research platform, "Knowledge Store" connects over 200,000
markets and entire value chains for deeper understanding of the unmet insights
along with market sizing and forecasts of niche markets.

 

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Email: sales@marketsandmarkets.com

MnM Blog: https://mnmblog.org



























































Content
Source
: https://www.marketsandmarkets.com/PressReleases/text-analytics.asp

Rhea
Written by

Rhea

Post a comment