Dublin, Oct. 23, 2017 (GLOBE NEWSWIRE) -- The "Text Analytics Market to 2025 - Global Analysis and Forecasts" report has been added to Research and Markets' offering.
Text Analytics market is expected to grow US$ 18.28 Bn by 2025 from US$ 2.59 Bn in 2016
The global text analytics market is primarily driven by increase in the volume of unstructured data. Increasing utilization of social media platforms, consumer shifting trends towards online buying and increasing digitalization are some of the factors contributing to increase in unstructured data. Analysis of unstructured data can uncover key patterns capable of forming the basis of decision making in various organizations. Traditionally, the data is analyzed by an individual which becomes ineffective as the volume of data increases.
This necessitates use of text analytics software capable of handling large volume of data set capable of finding hidden patterns which assist in decision making purpose. Moreover, companies are able to exploit only 30% of unstructured data generated, this low percentage represents significant opportunity for vendors to develop analytical solutions featured with advanced capabilities including machine learning, NLP and language support.
Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the text analytics market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
Key Topics Covered:
1. List of Tables
1. 1List of Figures
2 Introduction
2.1 Scope of the Study
3 Key Takeaways
4 Market Landscape
4.1 Market Overview
4.2 Market Segmentation
4.2.1 Global Text Analytics Market - By Deployment Model
4.2.2 Global Text Analytics Market - By Technology
4.2.3 Global Text Analytics Market - By Application
4.2.4 Global Text Analytics Market - By Verticals
4.2.5 Global Text Analytics Market - By Geography
4.3 PEST Analysis
5 Global Text Analytics Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Increasing competitive nature are making companies to seek for value added solutions
5.1.2 Range of application and opportunities across diverse fields is driving the growth of the market
5.2 Key Market Restraints
5.2.1 Lack of analytical talent and linguistic abilities is inhibiting the growth of the market
5.2.2 Vendors providing subscription based propriety services may face challenge from availability of free/ open source tool
5.3 Key Market Opporunities
5.3.1 Rising unstructured data set is the next pillar of growth in global text analytics market
5.3.2 Development of software / platforms with combination of features may create high revenue growth opportunity for vendors in the global text analytics market
5.4 Future Trends
5.4.1 With increase in internet penetration and social media usage, analysis of text will become the crucial part of business process
5.4.2 Vendors forming strategic alliance with data related solution providers
5.5 Impact Analysis of Drivers and Restraints
6 Text Analytics Market - Global
6.1 Global Text Analytics Market Overview
6.2 Global Text Analytics Market Forecast and Analysis
7 Global Text Analytics Market Analysis - By Deployment Model
7.1 Overview
7.2 On-Premise
7.3 Cloud
8 Global Text Analytics Market Analysis - By Technology
8.1 Overview
8.2 NLP
8.3 Automated Machine Learning
8.4 Hybrid
9 Global Text Analytics Market Analysis - By Application
9.1 Overview
9.2 Predictive Analysis
9.2.1 Overview
9.2.2 Global Predictive Analysis Market Revenue and Forecasts to 2025 (US$ Bn)
9.3 Social Media Monitoring
9.3.1 Overview
9.3.2 Global Social Media Monitoring Market Revenue and Forecasts to 2025 (US$ Bn)
9.4 Fraud/Spam Detection
9.4.1 Overview
9.4.2 Global Fraud/Spam Detection Market Revenue and Forecasts to 2025 (US$ Bn)
9.5 Competitive Intelligence
9.5.1 Overview
9.5.2 Global Competitive Intelligence Market Revenue and Forecasts to 2025 (US$ Bn)
9.6 Others
9.6.1 Overview
9.6.2 Global Others Market Revenue and Forecasts to 2025 (US$ Bn)
10 Global Text Analytics Market Analysis - By Verticals
10.1 Overview
10.2 Banking, Financial Services and Insurance (BFSI)
10.3 Telecom Sector
10.4 Government
10.5 Fast Moving ConsumerGoods (FMCG)
10.6 Pharmaceuticals
10.7 Legal and Intellectual Property
10.8 Academia and Education
10.9 Chemistry and Materials
10.10 Healthcare
10.11 Retail
10.12 Others
11 Global Text Analytics Market - Geographical Analysis
12 Global Text Analytics Market - Key Company Profiles
- IBM Corporation
- SAP SE
- SAS Institute Inc.
- Clarabridge
- Expert Systems
- OpenText Corp.
- Basis Technology
- Linguamatics
- ANGOSS SOFTWARE CORPORATION
- KNIME
For more information about this report visit https://www.researchandmarkets.com/research/cwgkmc/text_analytics