October 1 2020
Market Research Future published a research report on “Text Analytics Industry Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Market Research Future (MRFR), in its latest “Text Analytics Industry” report, states that the market is expected to achieve USD 9 Bn valuation at 17% CAGR by 2023. The rise in need for data mining delineate the growing utility of text analytics. This is identified as a chief driver for the global text analytics market. The rise in demand for relevant information for the optimum functioning of an enterprises is expected to prompt the expansion of the global Text Analytics Industry. Social medias are providing a strong ground for brand building. E-commerce business is largely influenced by social media dynamics. Text analytics play significant role in boosting the efficacy of social medias. Thus, can promote the expansion of the global Text Analytics Market. The report offers market dynamics, ongoing trends, and contribution of key players in making the market prosperous.
Get More Details of Report @ https://www.abnewswire.com/pressreleases/covid19-impact-on-text-analytics-market-2020-global-size-analytical-overview-company-profile-emerging-trends-opportunity-assessment-future-trends-and-forecast-2023_488389.html
The prominent players in Text Analytics Industry are – SAP SE (Germany), IBM Corporation (US), SAS Institute, Inc. (US), OpenText Corporation (Canada), Clarabridge, Inc. (US), Megaputer Intelligence, Inc. (US), Luminoso Technologies, Inc. (US), MeaningCloud LLC (US), KNIME.com AG (Switzerland), Infegy, Inc. (US), Lexalytics, Inc. (US), Averbis (Germany), Bitext Innovations S.L.(Spain) among others.
Global Text Analytics Market - Segments
The global market of text analytics is studied by application, components, vertical, and deployment. The global text analytics market’s segmental study provides indispensable insights that empower investors to make rational decisions.
By component, software and services are the text analytics market segments. The services segment covers professional services and managed services. The growing utility of managed services can bolster the expansion of the text analytics market.
The text analytics market’s application-based segments are workforce management, documentation management, marketing management, customer experience management, and risk and compliance management. The high utility of documentation management can prompt the global text analytics market growth.
The text analytics market’s deployment-based segments are cloud and on-premise. The on-premise segment can earn large profit for the global text analytics market due to the high rate of adoption of on-premise deployment model by government organizations. On the other hand, the dynamics of cloud-based deployment model segment can dictate the growth of the text analytic market. The cost-saving advantage of cloud is surging its adoption across verticals. Thus, the cloud-based deployment model segment can earn decent revenue for the global text analytics market.
The vertical-based segments of the text analytics market are retail, BSFI, e-commerce, IT and telecommunication, government, energy and utilities, manufacturing, travel, hospitality, and others. The growing application of text analytics across e-commerce and IT sectors is expected to cause the global text analytics market growth.
Global Text Analytics Market - Regional Analysis
North America text analytics market, led by the US, is expected to achieve substantial valuation. Countries in North America boasting their technological advancements can lay ground work for the regional text analytics market to surge. The surge in workforce management solutions applications in North America companies can boost the expansion of the global text analytics market growth. Europe text analytics market expansion can be attributed to the high rate of deployment of cloud technology. In Asia Pacific, the booming e-commerce business and robustness of digital platforms to cast advertisements can provide boost the regional text analytics market impetus.
Get complete Report @ https://www.marketresearchfuture.com/reports/text-analytics-market-2989
TABLE OF CONTENTS
1 Market Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.3 Market Structure
2 Research Methodology
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
3 Market Dynamics
3.2 Market Drivers
3.3 Market Challenges
Get New Updates @ https://www.linkedin.com/company/ict-mrfr
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
+1 646 845 9312