Global Text Analytics Market
The global text analytics industry was valued at US$ 3.7 Billion in 2017 and is estimated to reach US$ 21.7 Billion 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. However, it is anticipated that near around 93% of the data will be unstructured into coming years.
Unstructured data may contain email, data, images, web pages, video, and other related information which could not be managed by using conventional software. However, this unstructured data can be useful in text analytics to abstract data and convert it into structured data.
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The global text analytics market segmentation can be done with the help of application, deployment, end-use, and geographical regions. Depending on the deployment type, this market is divided into cloud and on-premise.
By application, this market has been categorized into cognitive/semantic search, customer-facing apps, integrated advanced analytics, brand awareness, and business intelligence. Among these, customer-facing apps segment is expected to account for the highest global text analytics market share during the forecast period.
Based on the end-use, this market is divided into BFSI, FMCG, Telecom, Retail, Pharmaceuticals and Healthcare, and Government. In terms of geography, the global text analytics market is sub-divided into Europe, Asia-Pacific, North America, and Rest of the world.
The global text analytics market is extremely competitive with the existence of a huge number of leading players. Many top players are constantly focusing on the product brand to stabilize its position in the global market. Some of the players of this market are RapidMiner, Inc., IBM Corporation, Microsoft Corporation, Attensity Group, Inc., Angoss Software Corporation, and many others.
Read more details of the report at: https://www.adroitmarketresearch.com/industry-reports/text-analytics-market
Key segments of the global text analytics market
Deployment type Overview, 2012-2025 (USD million)
Application Overview, 2012-2025 (USD million)
- Customer-facing apps
- Semantic/cognitive search
- Integrated advanced analytics
- Business intelligence (BI)
- Competitive intelligence/brand awareness
End-use Overview, 2012-2025 (USD million)
- Healthcare and Pharmaceuticals
Regional Overview, 2012-2025 (USD million)
- North America
- Rest of world
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Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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