Global Text Analytics Market, By Component (Software, Services), Organization Size (Small and Medium-Sized Enterprises; Large Enterprises), Deployment Model (Cloud, On-Premises), Application (Customer Experience Management; Marketing Management; Governance, Risk, and Compliance Management; Document Management; Workforce Management; Others), Industry Vertical (Banking, Financial Services, and Insurance (BFSI), Retail and Ecommerce, Government and Defense, Healthcare and Life Sciences, Manufacturing, Telecommunications and Information Technology, Energy and Utilities, Media and Entertainment, Travel and Hospitality, Others), Technology (Descriptive Data Analysis, Text Clustering, Web Mining, Predictive Analysis), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Text analytics market is expected to witness market growth at a rate of 17.20% in the forecast period of 2020 to 2027. Data Bridge Market Research report on text analytics market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
The increasing need for social media analytics among the enterprises, adoption of predictive analysis in various businesses, rising usages of analytics in highly customized as well as industry specific applications, increasing ability to deal with the large volume of data are some of the major as well as insightful factors which will likely to uplift the growth of the text analytics market in the forecast period of 2020-2027. On the other hand, adoption of linguistic analysis approach along with improving customer services and competitive intelligence which will further bring various opportunities that will led to the growth of the text analytics market in the above mentioned forecast period.
Unavailability of skilled workforce along with lack of awareness among the enterprises which will likely to act as market restraint factors for the growth of the text analytics market in the above mentioned forecasted period. Security and data privacy concern along with achieving consistency in business which will become the biggest and foremost challenge in the growth of the market.
This text analytics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on text analytics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Text Analytics Market Scope and Market Size
Text analytics market is segmented on the basis of component, organization size, deployment model, application, technology, and industry vertical. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Text analytics market on the basis of component has been segmented as software, and services. Services have been further segmented into managed services, and professional services. Professional services have been further sub segmented into support and maintenance, consulting services, system integration and deployment.
Based on organization size, the text analytics market has been segmented into small and medium-sized enterprises; large enterprises.
On the basis of deployment model, the text analytics market has been segmented into cloud and on-premises.
On the basis of application, the text analytics market has been segmented into customer experience management; marketing management; governance, risk, and compliance management; document management; workforce management; and others.
Text analytics has also been segmented on the basis of industry vertical into banking, financial services, and insurance (BFSI), retail and ecommerce, government and defense, healthcare and life sciences, manufacturing, telecommunications and information technology, energy and utilities, media and entertainment, travel and hospitality, and others.
Based on technology, the text analytics market has been segmented into descriptive data analysis, text clustering, web mining, and predictive analysis.
Global Text Analytics Market Country Level Analysis
Text analytics market is analysed and market size, volume information is provided by country, component, organization size, deployment model, application, technology, and industry vertical as referenced above.
The countries covered in the text analytics market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America will dominate the text analytics market due to the growing demand of the data analytics along with technological advancement and prevalence of various market players in the region while Asia-Pacific region will expect to grow in the forecast period of 2020-2027 due to the adoption of advanced technology among the enterprises.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Text Analytics Market Share Analysis
Text analytics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to text analytics market.
The major players covered in the text analytics market report are SAP SE; IBM Corporation; SAS Institute Inc.; Open Text Corporation.; Clarabridge; Bitext Innovations, S.L.; Lexalytics; Megaputer Intelligence Inc.; Luminoso Technologies, Inc.; KNIME AG; Infegy; Averbis GmbH; MeaningCloud LLC; Amazon Web Services, Inc.; Altair Engineering, Inc.; BASIS TECHNOLOGY.; Brandwatch.; Micro Focus; Interactions LLC.; Jive Software.; Khoros, LLC; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Text Analytics Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.