Text Analytics Market 2019| Global Industry Status, Overview by Industry Size, Share, Future Trends, Growth Factors and Leading Players Forecast to 2024 – Industry Research.co
Text Analytics Market 2019 research report categorizes the global Text Analytics by top players/brands, region, type and end user.Â
The “Text Analytics Market” 2019 provides an in-depth analysis of all market dynamics including drivers and restraints, and trends and opportunities. Important factors supporting growth across various is also provided. The impact of prevailing regulatory scenario on both regional and worldwide Text Analytics market is provided in detail in the report. Industry Research offers an extensive collection of reports on different markets covering crucial details. The report studies the competitive environment of the Text Analytics market is based on company profiles and their efforts on increasing product value and production.
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Some of The Major Key Players of Text Analytics Market Are:
- Bitext Innovations S.L.
- Clarabridge, Inc.
- Confirmit AS
- Infegy, Inc.
- International Business Machines (IBM) Corporation
- Lavastorm Analytics
- Lexalytics, Inc.
- Medallia, Inc.
- Megaputer Intelligence, Inc.
- OdinText, Inc.
- RapidMiner, Inc.
- SAP SE
- TheySay Limited
Scope of the Report:
Text analysis uses many linguistic, statistical, and machine learning techniques. It involves information retrieval from unstructured data and the process of structuring the input text to derive patterns and trends and evaluating and interpreting the output data. Some cloud-based applications including predictive analytics, fraud management, risk management, business intelligence, cybercrime prevention, etc.
- – Text analytics tools are being increasingly used by organizations to aid their business-making process by offering actionable insights from various forms of text sources, such as client interaction, emails, blogs, product reviews, tweets, and center logs.
- – The primary objective of text analytics is to accumulate different forms of data, including structured and unstructured, which is further utilized for the analysis, thereby fueling the organization’s business decisions.
- – Some of the primary benefits of text analytics include cost reduction, enhanced processing speed, integration of big data, and better consistency.
- – The rising demand for machine learning and big data analytics is expected to propel the text analytics market across the globe.
- Text analysis uses many linguistic, statistical, and machine learning techniques. It involves information retrieval from unstructured data and the process of structuring the input text to derive patterns and trends and evaluating and interpreting the output data. Some cloud-based applications including predictive analytics, fraud management, risk management, business intelligence, cybercrime prevention, etc.
- The global text analytics market was valued at USD 4.65 billion in 2018 and is expected to reach a value of USD 12.65 billion by 2024 at a CAGR of 17.35% over the forecast period (2019-2024). The regions considered
- Drivers: (Developing regions and growing markets)
- Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
- Opportunities: (Regional, Growth Rate, Competitive, Consumption)
The report provides key statistics on the market status of the Text Analytics Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Text Analytics .
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Key questions answered in the report include:
- What will the market size and the growth rate be in 2024?
- What are the key factors driving the global Text Analytics market?
- What are the key market trends impacting the growth of the global Text Analytics market?
- What are the challenges to market growth?
- Who are the key vendors in the global Text Analytics market?
- What are the market opportunities and threats faced by the vendors in the global Text Analytics market?
- Trending factors influencing the market shares of the relevant regions.
- What are the key outcomes of the five forces analysis of the global Text Analytics market?
Key Market Trends:
Retail Sector to Hold a Significant Share in Text Analytics Market
– In retail, text analytics plays a vital role in analyzing customer behavior and predicting consumer nature, which is likely to drive the market in this industry.
– By adopting text analytics, organizations can provide personalized schemes and discounts to their customers, by making use of their historical trends.
– Retailers use social media platforms as the key source to acquire data in order to utilize text analytics, anticipate the demand and supply, and enhance the customer experience.
– The growth in the retail sector across the globe is expected to boost the text analytics market over the forecast period.
– Furthermore, the growth in mobile shopping and payment is growing at a high pace, which is, in turn, projected to propel the use of text analytics.
Asia-Pacific to Execute a Significant Growth Rate
– Asia-Pacific is witnessing significant growth in industries such as retail, BFSI, and healthcare, which is expected to propel the demand for data analytics such as text analytics.
– The industry players are focusing more on customer requirement and customer experience, which in turn, gives rise to analyzing consumer behavior towards diverse products. This is likely to fuel the text analytics market in the region over the forecast period.
– Furthermore, the region poses noteworthy opportunities for text analytics owing to the rising number of customers utilizing social media platforms and online purchase, which is projected to boost the market.
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Study objectives of Text Analytics Market Report:
- To provide a detailed analysis of the market structure along with the forecast of various segments and sub-segments of the Text Analytics market
- To provide insights into factors influencing and affecting market growth
- To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
- To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
- To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
- To provide economic factors, technology trends, and market trends that influence the global Text Analytics market
Detailed TOC of Text Analytics Market Report 2019-2024:
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Growing Demand for Social Media Analytics
4.3.2 Rising Practice of Predictive Analytics
4.4 Market Restraints
4.4.1 Lack of Skilled Personnel and Awareness
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness – Porter’s Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Deployment
5.2 By Application
5.2.1 Predictive Analytics
5.2.2 Fraud Management
5.2.3 Risk Management
5.2.4 Business Intelligence
5.2.5 Other Applications
5.3 By End-user Industry
5.3.3 Energy and Utility
5.3.6 Other End-user Industries
5.4.1 North America
126.96.36.199 United States
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
220.127.116.11 Rest of Asia-Pacific
5.4.4 Latin America
5.4.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.2 Bitext Innovations S.L.
6.1.3 Clarabridge, Inc.
6.1.4 Confirmit AS
6.1.6 Infegy, Inc.
6.1.7 International Business Machines (IBM) Corporation
6.1.8 Lavastorm Analytics
6.1.9 Lexalytics, Inc.
6.1.10 Medallia, Inc.
6.1.11 Megaputer Intelligence, Inc.
6.1.12 OdinText, Inc.
6.1.13 RapidMiner, Inc.
6.1.14 SAP SE
6.1.15 TheySay Limited
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
Name: Ajay More
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