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Report explores the text analytics market

Report explores the text analytics market

Text Analytics Market Report 2017 is a professional and in-depth study on the current state of the Text Analytics Industry. Learn details of the 23 Company Profiles and Competitive Landscape Analysis

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The Global Text Analytics Market is predicted to grow at a CAGR of 17.16% during the forecast period of 2017-2025.

The major factors contributing to this market growth are: The rise in industry specific text analysis applications, Monetizing of Social Media Analytics, The emergence of multilingual text analytics to break the language barrier.

Along with these, social media marketing and increased smartphone usage are majorly contributing to the augmented demand of text analytics market.

Company Covered: ANGOSS SOFTWARE CORPORATION, AVERBIS GMBH, ATTENSITY GROUP INC., BASIS TECHNOLOGY CORPORATION, BITEXT INNOVATIONS SL, CLARABRIDGE INC., HEWLETT PACKARD COMPANY (HP) , INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM), INFEGY INC., JIVE SOFTWARE, KANA SOFTWARE INC.

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(ACQUIRED BY VERINT), KONSTANZ INFORMATION MINER (KNIME), LEXALYTICS INC., LUMINOSO TECHNOLOGIES INC., MEGAPUTER INTELLIGENCE INC., MEANINGCLOUD LLC, MICROSOFT CORPORATION, NETBASE SOLUTIONS INC., OPEN TEXT CORPORATION, PREDIXION SOFTWARE (ACQUIRED BY GREENWAVE SYSTEMS), RAPIDMINER INC, SAP SE, SAS INSTITUTE,8.3.24.

THE INFORMATION BUS COMPANY (TIBCO) SOFTWARE INC.,8.3.25. UNMETRIC

Complete report on Text Analytics Market spread across 115 pages, profiling 23 companies and supported with 81 tables and figures is now available at www.reportsnreports.com/contacts/.aspx?name=1151667

The market is segmented by the type of application, technology, deployment, and end-user. These segments are further divided as follows:

Technology types are: Descriptive Data Analysis, Text Clustering, Web Mining, Predictive Analysis.

The market for the Predictive Analysis is anticipated to be the fastest growing market in the coming years as compared to other technological types. However, at present, the descriptive data analysis market is dominating the market scene.

Deployment types are: Cloud, On-Premise

End user sectors are: Banking, Financial Services & Insurance (BFSI), Government, Retail, Healthcare & Pharmaceuticals, Telecommunication, Fast Moving Consumer Goods (FMCG), others.

The banking, financial services & insurance (BFSI) and government are the most profitable end-user sectors.

Application types are: Customer Relationship Management (CRM), Predictive Analysis, Competitive Intelligence, Fraud Detection and Brand Reputation

REGIONAL INSIGHTS:

Geographically, the Global Text Analytics market is divided into the following regions:

• North America: The United States & Canada.

• Europe: United Kingdom, France, Germany, Spain, Italy & Rest of Europe.

• Asia Pacific: China, India, Japan, & Rest of Asia Pacific.

• Rest of world: Latin America, Middle East & Africa.

The North American market accounted for 39.84% of the market share in the year 2016. Factors like the well-established cloud management technology coupled with the increasing E-commerce platforms and social media platforms are boosting the market growth in this region.

However, it is the Asia-Pacific region that is expected to exhibit the fastest growth during the forecast period due to the increasing demand of big data analysis and rising social media influence for brand promotions, customer service management, and as sales channels in the region.

Report at www.reportsnreports.com/.aspx?name=1151667

COMPETITIVE INSIGHTS:

Merger & Acquisition are the major strategies applied by the companies in global text analytics market to survive in the competition. For example, OpenText, declared in June 2017 that it has entered into a conclusive contract to acquire Covisint Corporation in order to strengthen IoT and automotive digital supply chain.

Similarly, in May 2017, another company named TIBCO Software Inc., entered into an agreement to acquire Statistica, a well-established data science firm.

Table of Contents:

  1. RESEARCH SCOPE
  2. RESEARCH METHODOLOGY
  3. EXECUTIVE SUMMARY
  4. MARKET OVERVIEW
  5. MARKET SEGMENTATION
  6. KEY ANALYTICS
  7. GEOGRAPHICAL ANALYSIS
  8. COMPETITIVE ANALYSIS
  9. COMPANY PROFILES

LIST OF TABLES:

TABLE 1: GLOBAL TEXT ANALYTICS MARKET, BY GEOGRAPHY, 2017-2025 (IN $ MILLION)

TABLE 2: GLOBAL TEXT ANALYTICS MARKET, BY APPLICATION, 2017-2025 (IN $ MILLION)

TABLE 3: GLOBAL TEXT ANALYTICS- CUSTOMER RELATIONSHIP MANAGEMENT (CRM) MARKET, BY GEOGRAPHY, 2017-2025 (IN $ MILLION)

TABLE 4: GLOBAL TEXT ANALYTICS- PREDICTIVE ANALYSIS MARKET, BY GEOGRAPHY, 2017-2025 (IN $ MILLION)

TABLE 5: GLOBAL TEXT ANALYTICS- COMPETITIVE INTELLIGENCE MARKET, BY GEOGRAPHY, 2017-2025 (IN $ MILLION)

LIST OF FIGURES:

FIGURE 1: GLOBAL TEXT ANALYTICS MARKET, BY END USERS, 2017-2025 (IN %)

FIGURE 2: ASIA PACIFIC TEXT ANALYTICS MARKET, 2017-2025 (IN $ MILLION)

FIGURE 3: SOCIAL MEDIA STRATEGIES FOR MARKETING IN 2016 (%)

FIGURE 4: SMARTPHONE USERS ACROSS THE WORLD, 2016-2020 (IN BILLION)

FIGURE 5: UNITED STATES BASED INSURERS COMPLYING WITH RISE IN CLAIMS DUE TO LACK OF PREDICTIVE ANALYTICS

FIGURE 6: CURRENT USE BY RESEARCHERS AND FUTURE REQUIREMENT OF LANGUAGE BASED TEXT ANALYTICS TOOLS IN THE YEAR 2016

FIGURE 7: OVERALL USER EXPERIENCE OF TEXT ANALYTICS SOFTWARE USERS IN THE UNITED STATES

FIGURE 8: PERCENTAGE OF SATISFIED USERS OF SIRI, CORTANA AND GOOGLE NOW FOR THE YEAR 2016

FIGURE 9: USE OF PREDICTIVE ANALYSIS IN THE YEAR 2016

FIGURE 10: RESOURCE COST INCURRED BY RESEARCHERS GLOBALLY IN THE YEAR 2016

FIGURE 11: USE OF TEXT ANALYTICS AND MINING TOOLS IN PUBLISHING JOURNAL LITERATURE FROM 2008-2014

 

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