Text Analytics Market Research Study, Global Trends, Opportunities, Historical Analysis and Industry Growth with 17% of CAGR by Forecast 2023

“Market Research Future”
Market Research Future published a research report on “Text Analytics Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Highlights

In this rapidly changing world of technology, text analytics market will drive the growth prospects during the forecast period. This can be attributed to the growing popularity and acceptance of social media platforms and the inclination towards effective data analysis.

As compared to other regions, the Text Analytics Market in North America is expected to witness significantly healthy growth. In North America, U.S. and Canada are anticipated to drive the growth of text analytics market. This is owing to the presence of large number of established players of text analytics market. In addition to this, organizations are adopting text analytics solutions in order to gain insights from the data spread over the internet and also to determine the impact of existing strategies of the companies and is expected to be a major factor for the growth of text analytics market.

The text analytics market is growing rapidly over 17% of CAGR and is expected to reach at approx. USD 9 billion by the end of forecast period.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Text Analytics Market Research Report-Forecast to 2023”.

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Key Players

The prominent players in text analytics market are – SAP SE (Germany), IBM Corporation (US), SAS Institute, Inc. (US), OpenText Corporation (Canada), Clarabridge, Inc. (US), Megaputer Intelligence, Inc. (US), Luminoso Technologies, Inc. (US), MeaningCloud LLC (US), KNIME.com AG (Switzerland), Infegy, Inc. (US), Lexalytics, Inc. (US), Averbis (Germany), Bitext Innovations S.L.(Spain) among others.


Text analytics market can be segmented on the basis of following:

By Component:

  • Software
  • Services
  • Managed Services
  • Professional Services

By Application:

  • Documentation Management
  • Workforce Management
  • Customer Experience Management
  • Marketing Management
  • Risk And Compliance Management

By Deployment:

  • Cloud
  • On premise

By Vertical:

  • BFSI
  • Retail And E-Commerce
  • Government
  • IT and Telecommunications
  • Manufacturing
  • Energy And Utilities
  • Travel And Hospitality

Regional Analysis:

The regional analysis of text analytics market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. During the forecast period, North America region will witness significant competition from the Europe region owing to rapid growth of mobile technology and increasing population on social media platforms.

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Intended Audience

  • Technology investors
  • Integrated device manufacturers (IDMs)
  • Original  manufacturers (OEMs)
  • Research/Consultancy firms
  • Text analytics service vendors
  • System integrators
  • IT developers
  • Third party vendors
  • Network operators
  • Infrastructure provider
  • Government
  • Regulatory and compliance agencies

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