Text Analytics Market to Register a CAGR of 24.2% during 2018-2025: Global Industry Overview
Global Text Analytics Industry 2018 Market Research Report is a professional and in-depth study on the current state of the Text Analytics market. Annual estimates and forecasts are provided for the period 2013 through 2025
(EMAILWIRE.COM, October 10, 2018 ) The global Text Analytics Market is estimated to grow at a CAGR of 24.2% during the forecast period 2017 - 2025 and accounts for US$ 18.28 Bn in the year 2025. The global text analytics market was valued at US$ 2.59 Bn in 2016 and is estimated to reach US$ 18.28 Bn by 2025. The report highlights the trends prevalent in the global text analytics market and the factors driving the market along with those that act as deterrents to its growth.
The key players profiled in the report are IBM Corporation, SAP SE, SAS Institute Inc., Clarabridge, Expert Systems, OpenText Corp., Basis Technology, Linguamatics, ANGOSS SOFTWARE CORPORATION and KNIME.
Reason to Buy:
Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the text analytics market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
If You want to Purchase the Report Directly:
http://bit.ly/2CwDlad
The text analytics market has experienced high growth and adoption in the last few years and is also expected to experience a significant growth and adoption in years to come. One of the major reason for high adoption of text analytics is, increasing competitive nature in business is making companies to seek for value added solutions. With increasing competition and changing consumer perspectives, organizations are making significant investments in solutions capable of analyzing customer and competitor data in order to improve competitiveness. The mainstream source of data are e-commerce platforms, social media, survey, individual blog, published articles and others. Greater part of data generated is unstructured, which makes it difficult and expensive for the companies to analyze with the help of individuals. This challenge combined with the rapid growth in data generation has led to the development of analytical tools not only capable of handling large volume of text data but also assist in better decision making. Text analytics software enables a user to draw meaning from large volume of data sets available from different sources.
The global text analytics market has been segmented on the basis of verticals into BFSI, Telecom, FMCG, Government, Academia & Education, Legal & Intellectual Property, Healthcare, Pharmaceuticals, Chemistry & Materials, and Retail. BFSI or Banking, Financial Services and Insurance sector comprises of a wide range of firms that offers financial services to various sectors. Text analytics in this sector is used as a new opportunity for fraud detection. It is done through various ways such as social network analysis or predictive analysis for the detection of fraud in the sector. Using text analytics as a method for fraud detection has increased the identification of frauds to above 50% as these types of analysis have an accuracy of almost 90%.
Get Sample Copy at:
http://bit.ly/2RvSop3
With increasing competition and changing consumer perspectives, organizations are making significant investments to incorporate analytical solutions in their business process capable of assessing customer and competitor data and improve their competitiveness. The mainstream source of data are e-commerce platforms, social media, survey, individual blog, published articles and others. Greater part of data generated is unstructured, which makes it difficult and expensive for the companies to perform analysis with the help of individuals. This challenge combined with the rapid growth in data generation has led to the development of analytical tools not only capable of handling large volume of text data but also assist in better decision making. Text analytics software enables a user to draw meaning from large volume of data sets available from different sources. It comprises of Graphical User Interface (GUI) which enables the user to analyze the finding obtained after text mining process. Post analysis, the user can uncover the hidden pattern based on several attributes such as customer segment, demographic and perception. Such analysis can greatly assist the companies to make faster decisions and develop accurate forecast supported by mountain of evidence.
Table of Content:
1 Introduction
2 The Insight Partners Research Report Guidance
3 Key Takeaways
4 Market Landscape
4.1 Market Overview
4.2 Market Segmentation
4.2.1 Global Text Analytics Market - By Deployment Model
4.2.2 Global Text Analytics Market - By Technology
4.2.3 Global Text Analytics Market - By Application
4.2.4 Global Text Analytics Market - By Verticals
4.2.5 Global Text Analytics Market - By Geography
4.3 PEST Analysis
4.3.1 North America PEST Analysis
4.3.2 Europe PEST Analysis
4.3.3 Asia Pacific PEST Analysis
4.3.4 Middle East and Africa PEST Analysis
4.3.5 South America PEST Analysis
5 Global Text Analytics Market - Key Industry Dynamics
The key players profiled in the report are IBM Corporation, SAP SE, SAS Institute Inc., Clarabridge, Expert Systems, OpenText Corp., Basis Technology, Linguamatics, ANGOSS SOFTWARE CORPORATION and KNIME.
Reason to Buy:
Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the text analytics market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
If You want to Purchase the Report Directly:
http://bit.ly/2CwDlad
The text analytics market has experienced high growth and adoption in the last few years and is also expected to experience a significant growth and adoption in years to come. One of the major reason for high adoption of text analytics is, increasing competitive nature in business is making companies to seek for value added solutions. With increasing competition and changing consumer perspectives, organizations are making significant investments in solutions capable of analyzing customer and competitor data in order to improve competitiveness. The mainstream source of data are e-commerce platforms, social media, survey, individual blog, published articles and others. Greater part of data generated is unstructured, which makes it difficult and expensive for the companies to analyze with the help of individuals. This challenge combined with the rapid growth in data generation has led to the development of analytical tools not only capable of handling large volume of text data but also assist in better decision making. Text analytics software enables a user to draw meaning from large volume of data sets available from different sources.
The global text analytics market has been segmented on the basis of verticals into BFSI, Telecom, FMCG, Government, Academia & Education, Legal & Intellectual Property, Healthcare, Pharmaceuticals, Chemistry & Materials, and Retail. BFSI or Banking, Financial Services and Insurance sector comprises of a wide range of firms that offers financial services to various sectors. Text analytics in this sector is used as a new opportunity for fraud detection. It is done through various ways such as social network analysis or predictive analysis for the detection of fraud in the sector. Using text analytics as a method for fraud detection has increased the identification of frauds to above 50% as these types of analysis have an accuracy of almost 90%.
Get Sample Copy at:
http://bit.ly/2RvSop3
With increasing competition and changing consumer perspectives, organizations are making significant investments to incorporate analytical solutions in their business process capable of assessing customer and competitor data and improve their competitiveness. The mainstream source of data are e-commerce platforms, social media, survey, individual blog, published articles and others. Greater part of data generated is unstructured, which makes it difficult and expensive for the companies to perform analysis with the help of individuals. This challenge combined with the rapid growth in data generation has led to the development of analytical tools not only capable of handling large volume of text data but also assist in better decision making. Text analytics software enables a user to draw meaning from large volume of data sets available from different sources. It comprises of Graphical User Interface (GUI) which enables the user to analyze the finding obtained after text mining process. Post analysis, the user can uncover the hidden pattern based on several attributes such as customer segment, demographic and perception. Such analysis can greatly assist the companies to make faster decisions and develop accurate forecast supported by mountain of evidence.
Table of Content:
1 Introduction
2 The Insight Partners Research Report Guidance
3 Key Takeaways
4 Market Landscape
4.1 Market Overview
4.2 Market Segmentation
4.2.1 Global Text Analytics Market - By Deployment Model
4.2.2 Global Text Analytics Market - By Technology
4.2.3 Global Text Analytics Market - By Application
4.2.4 Global Text Analytics Market - By Verticals
4.2.5 Global Text Analytics Market - By Geography
4.3 PEST Analysis
4.3.1 North America PEST Analysis
4.3.2 Europe PEST Analysis
4.3.3 Asia Pacific PEST Analysis
4.3.4 Middle East and Africa PEST Analysis
4.3.5 South America PEST Analysis
5 Global Text Analytics Market - Key Industry Dynamics
Contact Information:
The Insight Partners
Sameer Joshi
Tel: +1-646-491-9876
Email us
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The Insight Partners
Sameer Joshi
Tel: +1-646-491-9876
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results