Global Text Analytics Market Report 2017-2025 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Text Analytics market is expected to grow US$ 18.28 Bn by 2025 from US$ 2.59 Bn in 2016.Text analytics has become vigorous for smooth functionality of business. Text analytics is still mainly an undeveloped science and holds several different approaches.
Text analytics has become increasing important in various purpose such as classification of information, sentimental analytics, and summarization of information and data investigation. It can be define as the process of analyzing retrieving of information from text sources.
Text analytics is the processes of converting unstructured data into meaningful data for analysis.
One of the major factor which drives the market for text analytics is rising growth of big data analytics because with big data analytics, data mining and text analytics brings the capabilities to business user to create analytical intelligence by display patterns in both structured and unstructured data. Enterprises are increasingly stressing on combining internal as well as external data sources to achieve efficiencies.
In addition to this there are several other factors which drives the market such as increasing adoption of social media and increasing adoption of text analytics tools. However, the factor hindering growth of text analytics is lack of awareness about text analytics.
The need to explore textual data to obtain new vision by combining industry knowledge is expected to boost the market.
Text Analytics Market Key Players
SAS Institute Inc.
ANGOSS SOFTWARE CORPORATION
Key Questions Answered In This Report
– What will the market size be in 2025 and what will the growth rate be?
– What are the key market trends?
– What is driving this market?
– What are the challenges to market growth?
– Who are the key vendors in this market space?
– What are the market opportunities and threats faced by the key vendors?
– What are the strengths and weaknesses of the key vendors?
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