Text Analytics Market worth $4.90 Billion by 2019

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MarketsandMarkets Presents
Text Analytics Market worth 4.90 Billion by 2019
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xt-analytics-market-253879369.html
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The report "Text Analytics Market by Applications
(Enterprise, Web-based and Software, Data
Analysis, Search-based, Others), Users (SMBs,
Enterprises) Deployment Model (Cloud,
On-premise) - Market Forecasts and Analysis
(2014-2019)", defines and segments the global
text analytics market into various sub-segments
with an in-depth analysis and forecasting of
market sizes. The report also identifies the
factors driving this market, and the restraints
and opportunities impacting it along with the
adoption trends. Browse 68 market data
Tables and 41 Figures spread through 166 Pages
and in-depth TOC on Text Analytics Market by
Applications (Enterprise, Web-based and Software,
Data Analysis, Search-based, Others), Users
(SMBs, Enterprises)  Deployment Model (Cloud,
On-premise) - Market Forecasts and Analysis
(2014-2019)http//www.marketsandmarkets.com/Mark
et-Reports/text-analytics-market-253879369.html
Early buyers will receive 10 customization on
this report.
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The vendors in the text analytics market are
constantly innovating and remodeling the existing
architecture in order to develop more efficient
software. Major vendors in the text analytics
market include IBM, HP, Microsoft, Oracle, and
SAP. The major forces driving this market are
better customer understanding, and improved
decision-making using the insights obtained from
data analysis. Technologies like big data
analytics and predictive analytics in the text
analytics market have promising growth
opportunities for industry players. Text
analytics offers a more tactical approach by
providing actionable insights from analyzed data.
Organizations have realized that in order to keep
up with this enormous amount of information, they
need to automate their data analysis. Text
analytics has huge potential in improving
customer experience through Customer Relationship
Management (CRM) and exercising marketing and
branding activities more efficiently and
effectively. Text analytics has empowered
organizations to extract valuable business
insights from textual sources such as survey
responses, email and messaging, contact center
notes, traditional and social media, etc. For a
customer centric approach text analytics could be
the answer to survey analysis for attending to
the needs of customers by understanding their
responses better and in a more competent way.
Social media platforms are among the top
contributors for large amount of data which could
be beneficial for many organizations if analyzed
with the appropriate tools.
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xt-analytics-market-253879369.html
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Text analytics with multi-lingual support is the
key to removing language barrier between a
customer and a company which will help the
company to establish and expand globally. Lack of
awareness in terms of end use and software
handling could hamper the growth of text
analytics. Issues like deployment cost and
non-compliance with existing Information
Technology (IT) infrastructure could challenge
the credibility of this technology. MarketsandM
arkets broadly segments the global text analytics
market by regions North America (NA), Europe,
Asia Pacific (APAC), Middle East and Africa
(MEA), and Latin America (LA) by applications
enterprise, web-based and software, data
analysis, search-based and others by deployment
model cloud and on-premise by users Small And
Medium-sized Businesses (SMBs) and enterprises
by industry verticals Banking, Financial
Services, and Insurance (BFSI), consumer packaged
goods, healthcare and pharma, high-tech,
manufacturing, retail and hospitality,
telecommunications and others. MarketsandMarkets
forecasts the global text analytics market to
grow from 1.64 billion in 2014 to 4.90 billion
in 2019, at a CAGR of 18.1. In terms of regions,
North America is expected to be the biggest
market in terms of market size, while Europe and
Asia Pacific (APAC) are expected to experience
increased market traction, during the forecast
period.
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xt-analytics-market-253879369.html
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