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In-Depth Analysis of Text Analytics Market 2020 | Report Covers Top Key Players, Regions, Supply and Consumption, Forecast till 2024

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The Key purpose of “Text Analytics Market” report is to deliver key market trends, the scope of report, competitive landscape and industry overview with key players. Text Analytics market report is designed by a detailed investigation process to collect all the necessary data. Further, the report studies the revenue generated from the market analysis and opportunity analysis to estimate the market size.

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Text Analytics Market Covers Key Players:

  • Algolia
  • Bitext Innovations S.L.
  • Clarabridge, Inc.
  • Confirmit AS
  • EpiAnalytics
  • Infegy, Inc.
  • International Business Machines (IBM) Corporation
  • Lavastorm Analytics
  • Lexalytics, Inc.
  • Medallia, Inc.
  • Megaputer Intelligence, Inc.
  • OdinText, Inc.
  • RapidMiner, Inc.
  • SAP SE
  • TheySay Limited

    Market Overview:

  • 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

    The Text Analytics Market Report Includes:

    • The Text Analytics market report covers the present status and future prospects.
    • The report analyses market trends, size, and forecast in different geographically.
    • The report provides market competition overview among the Top companies.
    • The report provides a complete analysis of the current and emerging market trends and opportunities.

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    Scope of the Report: include North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

  • – 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.

    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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    Important Questions Answered in The Text Analytics Market Report:

    • What is the main factor that takes this market to the next level?
    • What will the market demand and what will be growth?
    • What are the latest opportunities for the Text Analytics Market in the future?
    • What are the strengths of the main players?
    • What is the key to the Text Analytics Market?

    Detailed TOC of Text Analytics Market Report 2020-2024:

    1 INTRODUCTION
    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
    5.1.1 On-premise
    5.1.2 Cloud
    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
    5.3.1 BFSI
    5.3.2 Healthcare
    5.3.3 Energy and Utility
    5.3.4 Manufacturing
    5.3.5 Retail
    5.3.6 Other End-user Industries
    5.4 Geography
    5.4.1 North America
    5.4.1.1 United States
    5.4.1.2 Canada
    5.4.2 Europe
    5.4.2.1 Germany
    5.4.2.2 United Kingdom
    5.4.2.3 France
    5.4.2.4 Rest of Europe
    5.4.3 Asia-Pacific
    5.4.3.1 China
    5.4.3.2 Japan
    5.4.3.3 India
    5.4.3.4 Rest of Asia-Pacific
    5.4.4 Latin America
    5.4.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Algolia
    6.1.2 Bitext Innovations S.L.
    6.1.3 Clarabridge, Inc.
    6.1.4 Confirmit AS
    6.1.5 EpiAnalytics
    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

     

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