The Text Analytics Market size was valued at USD 8.12 billion in 2022 and is projected to reach USD 29.80 billion in 2030 with a growing CAGR of 17.65% Over the Forecast Period of 2023-2030.
The text analytics market is experiencing robust growth, driven by the increasing demand for data-driven decision-making across various industries. Companies are leveraging text analytics tools to extract valuable insights from unstructured data sources such as social media, customer reviews, and emails. This surge in adoption is fueled by advancements in natural language processing (NLP) and machine learning algorithms, which have significantly improved the accuracy and efficiency of text analytics solutions. As organizations continue to recognize the importance of understanding consumer sentiment and market trends, the text analytics market is poised for sustained expansion.
Moreover, the proliferation of big data and the need for real-time analytics are further propelling the text analytics market. Enterprises are increasingly integrating text analytics with other data analytics tools to gain a comprehensive view of their operations and enhance their competitive edge. The rise of cloud-based analytics platforms has made these tools more accessible and scalable, allowing even small and medium-sized enterprises to harness their power..
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Covid 19 impact analysis:
The latest report is the most recent study that offers 360° coverage of the Text Analytics industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Text Analytics market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
Major companies profiled in the market report include
Microsoft Corporation, Luminoso Technologies, Inc., HP Enterprise, IBM Corporation, Knime.Com AG, RapidMiner, Inc., SAS Institute, Inc., OpenText Corporation, Indium Software, Bitext Innovations S.L., Infegy, Inc., Brandwatch, Lexalytics, Inc., Netbase Solutions, Clarabridge, SAP SE, Megaputer Intelligence, Inc., and others.
Research objectives:
The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Text Analytics market.
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It has segmented the global Text Analytics market
By Component
- Solution
- Services
By Enterprise Size
- SMEs
- Large Enterprises
By Application
- Competitive Intelligence
- Customer Relationship management
- Predictive Analytics
- Fraud detection
- Risk Management
- Social Media Analysis
- Workforce management
- Document management
- Others
By Deployment
- Cloud
- On-premises
By End-user
- BFSI
- Retail
- Government
- Healthcare
- Manufacturing
- IT & Telecom
- Media and Entertainment
- Travel and Hospitality
- Others
Key Points Covered in the Report:
- A thorough analysis of value and volume at the worldwide, sector, and regional levels is included in the global Text Analytics ' market report.
- The study offers a full business size Text Analytics ' from a global point of view through a review of past facts and possible scenarios.
- Geographically, the Text Analytics of market analysis includes the number of regions and their contrast of revenue.
- The market analysis focuses on ex-factory costs, output volume, market share & sales for every manufacturer on a company level basis.
Key Reasons to Purchase this Report:
- A comprehensive study of market size, share and dynamics is a global Text Analytics 'market research report and a thorough survey of developments in the field.
- It offers an in-depth overview of revenue growth and an analysis of the total business benefits.
- In addition to the strategic landscape for commodity pricing and marketing, the Text Analytics ' industry research also provides key players.
- This is a new post covering the latest impact on the target market. The research report addresses the rapidly evolving market climate as well as the initial and future impact assessment.
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