Press release
Text Analytics Market Sales Revenue to Significantly Increase in the Next Few Years
Global market value of text analytics software solutions and services reached ~ US$ 1.1 Bn in 2018, as featured in the new market research study published by Persistence Market Research (PMR). According to the study, the text analytics market is estimated to grow by ~ 16% Y-o-Y in 2019. This strong Y-o-Y may be attributed to the accelerated adoption of text analytics software solutions and services to accommodate business intelligence, risk and fraud management, and social media monitoring.According to the research report, there has been a noteworthy increase in the variety and volume of unstructured textual data over the last few years. This unstructured data includes textual feedback from potential customers, existing customers, and employees, among others. High demand for insight extraction from this unstructured textual data is propelling the adoption of text analytics software solutions and services, on a global scale.
Request for Free Sample Report of "Text Analytics" Market@ https://www.persistencemarketresearch.com/samples/7096
Company Profiles:
Microsoft Corporation
IBM Corporation
Oracle Corporation
SAP SE
Capgemini
NICE
SAS Institute Inc.
TIBCO Software Inc.
Attivio
Lexalytics
Medallia Inc.
Softweb Solutions Inc.
Confirmit AS
MaritzCX
Basis Technology
Micro Focus
bizAmica Software
Qualtrics
Kingland Systems
Sintelix Pty Ltd
Talkwalker Inc.
Meltwater
Request For Customization@ https://www.persistencemarketresearch.com/request-customization/7096
Lucrative Opportunities Expected in Japanese and Eastern European Text Analytics Marketplaces
Globally, the text analytics market is estimated to record a strong CAGR of ~18%, during the forecast period. The text analytics market in Japan is estimated to register the highest CAGR among all the regional markets. This growth may be attributed to the accelerated adoption of text analytics software solutions and services for the purpose of marketing and sales enhancement. The text analytics market in Eastern Europe is expected to register the second highest CAGR owing to the high demand for efficient sentiment analysis tools and social media monitoring in the region.
Currently, some of the most innovative enterprise-grade software procurements and developments are in developing countries. These lucrative opportunities are offering important lessons to the developed economies that are progressively focusing on the procurement of economically-feasible software innovations. The ever-increasing diffusion of smartphones and other network-connected mobile devices in the marketplace is motivating enterprises in the developing markets to procure efficient big data analytics infrastructure.
Click Here to Buy this Report@ https://www.persistencemarketresearch.com/checkout/7096
End Users Accelerating the Procurement of Text Analytics Solutions and Services in APEJ
Among all industries, banking, financial services and insurance (BFSI) and the healthcare are estimated to hold the significant market shares of the global text analytics market. The BFSI industry generates vast amount of unstructured textual data, such as financial product logs, customer information, and transactional information, which can be utilized to enhance decision making.
Healthcare data acquisition systems accumulate huge amount of unstructured textual as well as numeric data about patient health, medical prescriptions, physician notes, and patient visits, among other information. This data encapsulated within electronic clinical and healthcare records leads to promotion of research initiatives, lowered expenses, fewer medical errors, and improved healthcare quality.
Complete Report Details@ https://www.persistencemarketresearch.com/market-research/text-analytics-market.asp
Adoption for Business Intelligence and Social Media Monitoring Applications Bolstering Demand
During the forecast period, adoption of text analytics software solutions and services for business intelligence applications is estimated to generate the highest incremental opportunity worth ~US$ 1.5 Bn. Social media monitoring applications of text analytics software solutions are estimated to record the second highest incremental opportunity during the forecast period.
Instead of searching just by a particular term, text analytics can locate content based on context using semantic web. This improves the consequent business intelligence results, while facilitating social network analysis and counter-intelligence. In case of social media monitoring, text analytics goes through a vast and complex process at high speeds in order to deliver insights and analysis. The text analytics tool for social media monitoring has the capability of sifting through huge amounts of HTML and textual information to understand the data at record speeds.
The PMR paper also shines a light on the informative insights into the competition landscape in the global text analytics market. The study highlights the differential strategies incorporated by the leading players in the global market. Partnerships with other text analytics solution and service providers help develop new innovation strategies and increase business revenue. This, in turn, enables text analytics market players enhance their global market presence by attracting new clients.
This research report underlines key market opportunities and deduces that the global text analytics market would exhibit an incremental opportunity worth more than US$ 5.5 Bn, during forecast period.
Related Reports:
Enterprise Information Management Solution Market - https://www.persistencemarketresearch.com/market-research/enterprise-information-management-solution-market.asp
Data Management Platforms Market - https://www.persistencemarketresearch.com/market-research/data-management-platforms-market.asp
Contact Us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Website - https://www.persistencemarketresearch.com
About Us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Text Analytics Market Sales Revenue to Significantly Increase in the Next Few Years here
News-ID: 2713465 • Views: …
More Releases from Persistence Market Research
Stadium Lighting Industry Forecasted to Grow Steadily, Driven by Transition from …
The global stadium lighting market is undergoing a transformative shift driven by rapid advancements in LED technology, energy efficiency mandates, and the growing popularity of smart, connected lighting systems. The transition from traditional metal halide lighting to LED-based stadium lighting is revolutionizing how sports arenas and outdoor venues are illuminated-offering longer lifespan, improved color rendering, and significantly lower maintenance costs.
Metal halide lights, which last around 6,000 hours, are increasingly being…
POS Machines Market Expected to Grow at a CAGR of 9.6% Through 2033
The global Point-of-Sale (POS) Machines Market is witnessing significant expansion as digital transactions continue to redefine modern commerce. As of 2022, the market size stood at US$ 18,221.3 million, and it is expected to reach US$ 49,365.2 million by 2033, growing at an impressive CAGR of 9.6% between 2023 and 2033. The increasing adoption of electronic payment systems, integration of advanced technologies like AI and cloud computing, and demand for…
3D Camera Market Projected to Reach USD 140.3 Billion by 2030
The global 3D camera market is witnessing an unprecedented surge, transforming how industries capture, process, and visualize images. Valued at US$ 21.0 billion in 2023, the market is projected to reach a staggering US$ 140.3 billion by 2030, growing at an exceptional CAGR of 30.1% during the forecast period. This exponential growth is primarily driven by the rising integration of 3D imaging in smartphones, virtual reality (VR), autonomous vehicles, and…
Parental Control Software Market Poised for Growth at an 11.1% CAGR Through 2030
The global parental control software market is projected to grow steadily, expanding from US$1.1 billion in 2023 to US$2.3 billion by 2030, registering a robust CAGR of 11.1%. This growth reflects the increasing digitalization of children's lives and the rising awareness among parents about online safety. The proliferation of smartphones, tablets, and internet-connected devices has created an urgent need for tools that allow guardians to monitor, filter, and restrict access…
More Releases for Text
Mango AI's Text to Video Generator Turns Text into Interactive Videos
As video creation becomes more important for businesses and individuals, making good videos quickly is a big challenge. Mango AI, an innovative AI video generator developed by Mango Animate, introduced an intuitive text to video (https://mangoanimate.com/ai/text-to-video) tool to solve this problem. This tool benefits people who need to make videos often but need more time or the right skills. With it, anyone can transform scripts into videos that catch the…
AI Text-To-Image Generator Market From Text to Reality: The Rise of the AI Text- …
AI Text-To-Image Generator Market to Record an Exponential CAGR by 2031 - Exclusive Report by InsightAce Analytic
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global AI Text-To-Image Generator Market Size, Share & Trends Analysis Report By Component (Software and Services), By Application (Mobile Terminal, PC Terminal), By End-User (Art, Education, Fashion, Businesses, NFTs)- Market Outlook And Industry Analysis 2031"
The Global AI Text-To-Image Generator Market…
Mango Animate's Text Video Software Will Design Engaging Text Videos Easily
The intuitive text video maker simplifies the process of video production for everyone without any prior design knowledge. The software includes an array of features empowering users to create text animated videos that stand out.
Mango Animate will release a text video software(https://mangoanimate.com/products/tm) program that aims to help users of all expertise, be it professional video creators and someone with no video design knowledge, and convert their text into winning animated…
Text Analytics Market
Text Analytics Market: Introduction
Text analytics also known as text mining is used to analyze the unstructured data into meaningful insights. The text mining software examines the large chunk of written materials which identifies relationship, facts and assertions, whereby visualizing it the form of charts, graphs, maps and others.
These visualizing techniques are helpful to find the potential business insights in social media posts, medical records, surveys and other data based…
Text Analytics Market
“Text Analytics Market Development Factors and Investment Analysis by Leading Manufacturers 2020 – 2026” is the latest addition to www.coherentmarketinsights.com industry research reports collection.”
Text Analytics Market Overview:
The Text Analytics Market Report released and promoted by CMI draw out historical, existing, and forecast valuation of the Text Analytics industry till 2026. The report highlights the market essentials, opportunities, regional market, Emerging Growth Factors, market challenges, forecast and competitors joined with their…
Text Analytics Market Focusing on the Enhancement of their Text Analytics Capabi …
This research report provides in-depth analysis of the global text analytics market on the basis of deployment type, applications, and end-users. The text analytics market based on deployment type includes on-premise and cloud-based text analytics solutions.
The text analytics market on the basis of applications is segmented into data analysis & forecasting, fraud/spam detection, intelligence & law enforcement, and customer relationship management (CRM). The text analytics end-user segment comprises military…
