Global Text Analytics Market

Global Text Analytics Market Was Registered Over Usd 4.8 Billion In 2019, Expected To Generate Revenue Of Around Usd 10.2 Billion By End Of 2026, Growing Cagr Of Around 17.5% Between 2020 And 2026

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Market Analysis

According to the report published by Zion Market Research, global demand for text analytics market was valued at approximately USD 4.8 Billion in 2019, and is expected to generate revenue of around USD 10.2 Billion by end of 2026, growing at a CAGR of around 17.5% between 2020 and 2026.

  • 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, e-mails, 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 are 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.
  • Nowadays, there is a large amount of unstructured data generated, such as user’s tweets and e-mails. This information is bundled by organizations to understand consumer behavior toward the company and its products, which adds value to the firm’s growth.
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Global-Text-Analytics-Market

Competitive Landscape

The text analytics market is a propelling market with several players in the market

    • Clarabridge, Inc.
    • IBM
    • Luminoso Technologies, Inc.
    • Megaputer Intelligence, Inc.
    • Microsoft Corporation
    • Micro Focus LLC
    • Open Text Corporation
    • Oracle Corporation
    • SAP SE
    • SAS

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product bench marking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain.

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Business Questions Answered by the Report

  • How will the market drivers, restraints, and opportunities affect the market dynamics?
  • What will be the market size  and market statistics with a detailed classification?
  • Which segment dominates the market or region, and which one will be the fastest-growing, and why?
  • Who are the key players in the market, and what is their share?
  • What is the strategy adopted by key players, and how does it affect the existing and new players?

Market Analysis According to the report published by Zion Market Research, global demand for text analytics market was valued at approximately USD 4.8 Billion in 2019, and is expected to generate revenue of around USD 10.2 Billion by end of 2026, growing at a CAGR of around 17.5% between 2020 and 2026. Text analytics tools…

Market Analysis According to the report published by Zion Market Research, global demand for text analytics market was valued at approximately USD 4.8 Billion in 2019, and is expected to generate revenue of around USD 10.2 Billion by end of 2026, growing at a CAGR of around 17.5% between 2020 and 2026. Text analytics tools…

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