The "Text Analytics Market" is a dynamic and rapidly evolving sector, with significant advancements and growth anticipated by 2031. Comprehensive market research reveals a detailed analysis of market size, share, and trends, providing valuable insights into its expansion. This report delves into segmentation and definition, offering a clear understanding of market components and drivers. Employing SWOT and PESTEL analyses, the study evaluates the market's strengths, weaknesses, opportunities, and threats, alongside political, economic, social, technological, environmental, and legal factors. Expert opinions and recent developments highlight the geographical distribution and forecast the market's trajectory, ensuring a robust foundation for strategic planning and investment.

What is the projected market size & growth rate of the Text Analytics Market?

Market Analysis and Size

Text analytics are being deployed with data visualization tools among enterprises to understand numbers and make better decisions. In the past years, it has been highly useful to organizations for evaluating text in a wide range of languages, and acquiring a deeper understanding of customer opinions.

Global Text Analytics Market was valued at USD 6.45 billion in 2021 and is expected to reach USD 23.76 billion by 2029, registering a CAGR of 17.70% during the forecast period of 2022-2029. Retail and Ecommerce account for the largest industry vertical segment in the respective market owing to the high adoption among organizations to provide personalized schemes and discounts to their customers. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

Text analytics is defined as the automated process of translating vast amount of unstructured text, such as online reviews, call center agent notes, survey results, emails, and tweets, into quantitative data. This process delivers insights about trends. The technology mainly relies on natural language processing (NLP) algorithms and text mining to find meaning from written communication.

Browse Detailed TOC, Tables and Figures with Charts which is spread across 350 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

This research report is the result of an extensive primary and secondary research effort into the Text Analytics market. It provides a thorough overview of the market's current and future objectives, along with a competitive analysis of the industry, broken down by application, type and regional trends. It also provides a dashboard overview of the past and present performance of leading companies. A variety of methodologies and analyses are used in the research to ensure accurate and comprehensive information about the Text Analytics Market.

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Which are the driving factors of the Text Analytics market?

The driving factors of the Text Analytics market include technological advancements that enhance product efficiency and user experience, increasing consumer demand driven by changing lifestyle preferences, and favorable government regulations and policies that support market growth. Additionally, rising investment in research and development and the expanding application scope of Text Analytics across various industries further propel market expansion.

Text Analytics Market - Competitive and Segmentation Analysis:

Global Text Analytics Market, By Component (Software, Services), Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), Deployment Model (Cloud, On-Premises), Application (Customer Experience Management, Marketing Management, Governance, Risk, and Compliance Management, Document Management, Workforce Management, Others), Industry Vertical (Banking, Financial Services, and Insurance (BFSI), Retail and Ecommerce, Government and Defense, Healthcare and Life Sciences, Manufacturing, Telecommunications and Information Technology, Energy and Utilities, Media and Entertainment, Travel and Hospitality, Others), Technology (Descriptive Data Analysis, Text Clustering, Web Mining, Predictive Analysis) - Industry Trends and Forecast to 2029

How do you determine the list of the key players included in the report?

With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.

Which are the top companies operating in the Text Analytics market?

Some of the major players operating in text analytics market are

• SAP SE (Germany)
• IBM (US)
• SAS Institute Inc. (US)
• Open Text Corporation. (Canada)
• Clarabridge (US)
• Bitext Innovations, S.L. (Spain)
• Lexalytics (US)
• Megaputer Intelligence Inc. (US)
• Luminoso Technologies, Inc. (US)
• KNIME AG (Switzerland)
• Infegy (US)
• Averbis GmbH (Germany)
• MeaningCloud LLC (US)
• Amazon Web Services, Inc. (US)
• Altair Engineering, Inc. (US)
• BASIS TECHNOLOGY. (US)
• Brandwatch. (UK)
• Micro Focus (UK)
• Interactions LLC. (US)
• Jive Software. (US)
• Khoros, LLC (US)

Short Description About Text Analytics Market:

The Global Text Analytics market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

North America, especially The United States, will still play an important role which can not be ignored. Any changes from United States might affect the development trend of Text Analytics. The market in North America is expected to grow considerably during the forecast period. The high adoption of advanced technology and the presence of large players in this region are likely to create ample growth opportunities for the market.

Europe also play important roles in global market, with a magnificent growth in CAGR During the Forecast period 2024-2031.

Text Analytics Market size is projected to reach Multimillion USD by 2031, In comparison to 2024, at unexpected CAGR during 2024-2031.

Despite the presence of intense competition, due to the global recovery trend is clear, investors are still optimistic about this area, and it will still be more new investments entering the field in the future.

This report focuses on the Text Analytics in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

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What are your main data sources?

Both Primary and Secondary data sources are being used while compiling the report. Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users. Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2024-2031) of the following regions are covered in Chapters

What are the key regions in the global Text Analytics market?

• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
• South America (Brazil, Argentina, Columbia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

This Text Analytics Market Research/Analysis Report Contains Answers to your following Questions

• What are the global trends in the Text Analytics market?
• Would the market witness an increase or decline in the demand in the coming years?
• What is the estimated demand for different types of products in Text Analytics?
• What are the upcoming industry applications and trends for Text Analytics market?
• What Are Projections of Global Text Analytics Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
• Where will the strategic developments take the industry in the mid to long-term?
• What are the factors contributing to the final price of Text Analytics?
• What are the raw materials used for Text Analytics manufacturing?
• How big is the opportunity for the Text Analytics market?
• How will the increasing adoption of Text Analytics for mining impact the growth rate of the overall market?
• How much is the global Text Analytics market worth? What was the value of the market In 2020?
• Who are the major players operating in the Text Analytics market? Which companies are the front runners?
• Which are the recent industry trends that can be implemented to generate additional revenue streams?
• What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Text Analytics Industry?

Customization of the Report

Can I modify the scope of the report and customize it to suit my requirements? Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.

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Detailed TOC of Global Text Analytics Market Insights and Forecast to 2031

• Introduction
• Market Segmentation
• Executive Summary
• Premium Insights
• Market Overview
• Text Analytics Market By Type
• Text Analytics Market By Function
• Text Analytics Market By Material
• Text Analytics Market By End User
• Text Analytics Market By Region
• Text Analytics Market: Company Landscape
• SWOT Analysis
• Company Profiles
• Continued...

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Data Bridge Market Research:

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