Text Analytics Industry analysis research and trends report for 2017-2024

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Text Analytics Market trends research and
projections for 2017-2024 Global Market Insights
Inc.
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Regional Analysis of Text Analytics Market

• North America holds a major share of the text
  analytics market owing to availability of
  advanced IT infrastructure in the region coupled
  with a thriving e-commerce industry. With rapid
  adoption of advanced technologies such as Big
  Data and data mining, the region is expected to
  hold a significant market share during the
  forecast period. Asia Pacific text analytics
  market is expected to exhibit promising growth
  throughout the forecast period owing to
  increasing demand for cost-effective predictive
  analytics models among emerging startups and
  SMEs.
• Text Analytics Market size is influenced by
  increasing adoption of social media platforms for
  analytics, need to combine multiple data sources
  to extract meaningful insights, and recent
  advancements in predictive analytics along with
  emergence of industry-specific analytics
  applications. Text analytics involves deriving
  meaningful patterns from unstructured textual
  data followed by its evaluation and
  interpretation.

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Application Analysis of Text Analytics Market

• Text analytics market solutions have critical
  applications in areas such as competitive
  intelligence, sentiment analysis, social media
  monitoring, enterprise data mining and
  intelligence, automated ad placement, workforce
  management, document workflow management,
  governance and compliance management. By
  unearthing patterns and relationships from
  structured and unstructured text, text analytics
  along with data mining and Big Data analytics can
  enable enterprises to create predictive
  intelligence. For sentiment analysis, text
  analytics APIs return numeric scores depicting
  positive and negative sentiments. In key phrase
  extraction applications, APIs return distinct
  strings representing key talking points in input
  text. In language detection applications, the API
  returns numeric scores determining whether the
  identified language is true.

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Market research reports Key analytical components
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Competitive Market Share of Text Analytics
Market

• Some of the key players operating in the text
  analytics market are IBM, SAP, Microsoft, HP,
  Luminoso, Opentext, Bitext, Brandwatch, Lithium,
  Clarabridge, NetBase Solutions, SAS Institute,
  Confirmit, Unmetric and Lexalytics. These players
  emphasize on incorporating advanced processing
  capabilities in their solutions and
  differentiating them from existing products in
  the text analytics market.

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