Text Analytics Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

  • Report ID: ME_00125714
  • Format: Electronic (PDF)
  • Publish Type: Publish
  • Number of Pages: 250
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Market Snapshot

CAGR:9.28
2023
2032

Source: Market Expertz

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Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 9.28
Information & Technology-companies
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Report Overview

The Text Analytics Market is projected to grow at a CAGR of 18.74% between 2022 and 2032. The market size is forecast to increase by USD 10,764.35 million during this period. The growth of the Text Analytics Market is driven by the increasing need to extract valuable insights from unstructured text data, improve customer experience, and enhance decision-making.

Market Overview:

Drivers:

The Text Analytics Market is experiencing growth due to the exponential growth of unstructured text data across various sources. Businesses recognize the value of analyzing text data to gain insights into customer sentiment, preferences, and opinions.

Moreover, the adoption of AI and NLP (Natural Language Processing) technologies is driving market demand for text analytics. These technologies enable businesses to process and understand text data at scale, facilitating more informed decisions.

Trends:

The adoption of sentiment analysis and social media monitoring for understanding customer opinions is a prominent trend. Businesses leverage text analytics to gauge customer sentiment on products, services, and brand reputation.

Furthermore, the integration of text analytics into customer service and support operations is influencing the market. Text analytics tools help businesses analyze customer inquiries and feedback to improve response times and quality.

Restraints:

Challenges related to language barriers, accuracy of analysis, and data privacy can restrain market growth. Text analytics tools may struggle with non-standard language, slang, or regional dialects.

Additionally, concerns about the ethical use of text data and privacy regulations can impact adoption. Businesses need to ensure that text data is used in compliance with data protection laws.

Text Analytics Market Segmentation by Component:

The Software segment is expected to witness significant growth during the forecast period. Text analytics software provides the tools needed to process, analyze, and derive insights from text data.

Text Analytics Market Segmentation by Application:

The Customer Experience Management segment is anticipated to experience strong growth in the Text Analytics Market. Businesses use text analytics to monitor and improve customer interactions and satisfaction.

Regional Overview:


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North America is expected to lead the global Text Analytics Market, driven by the region's advanced technology adoption, data-driven culture, and presence of major tech companies.

Moreover, Europe is projected to experience substantial growth due to the region's focus on data protection regulations and the adoption of digital transformation initiatives.

Text Analytics Market Customer Landscape:

The report includes insights into the customer landscape, identifying industries and sectors that extensively use text analytics. It outlines customer requirements, such as language support, integration capabilities, and real-time analysis.

Major Text Analytics Market Companies:

Companies in the Text Analytics Market are adopting strategies such as AI-driven enhancements, partnerships with NLP technology providers, and vertical-specific solutions to strengthen their market position.

Sample companies in the Text Analytics Market include:

  • IBM Corporation
  • Microsoft Corporation
  • SAS Institute Inc.
  • Amazon Web Services, Inc.
  • Clarabridge, Inc.
  • Lexalytics, Inc.
  • RapidMiner, Inc.
  • Aylien Ltd.
  • Expert System S.p.A.
  • OpenText Corporation

Segment Overview:

The Text Analytics Market report provides revenue forecasts at global, regional, and country levels, analyzing trends and opportunities from 2019 to 2032.

  • Component Outlook (USD Million, 2019 - 2032)
    • Software
    • Services
  • Application Outlook (USD Million, 2019 - 2032)
    • Customer Experience Management
    • Market Intelligence
    • Fraud Detection and Prevention
    • Risk Management
    • Others
  • Geography Outlook (USD Million, 2019 - 2032)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • Japan
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Middle East & Africa
      • UAE
      • South Africa
      • Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Text Analytics MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition   

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Text Analytics MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Text Analytics Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

    4.5.1. Power Of Suppliers

    4.5.2. Power Of Buyers

    4.5.3. Threat Of Substitutes

    4.5.4. Threat Of New Entrants

    4.5.5. Competitive Rivalry

Chapter 5. Text Analytics MARKET BY deployment landscape

SIGHTS & TRENDS                                                               

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 On-premise

    5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Cloud

    5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Text Analytics MARKET BY Application INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Predictive Analytics

    6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 Fraud Management

    6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.4 Risk Management

    6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.5 Business Intelligence

    6.5.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.5.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Text Analytics MARKET REGIONAL OUTLOOK

7.1. Text Analytics Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

    7.2.1. North America Text Analytics Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.2. North America Text Analytics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.3. North America Text Analytics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.4. North America Text Analytics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

    7.2.5.1. U.S. Text Analytics Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.5.2. U.S. Text Analytics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.5.3. U.S. Text Analytics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.5.4. U.S. Text Analytics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

    7.2.6.1. Canada Text Analytics Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.6.2. Canada Text Analytics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.6.3. Canada Text Analytics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.6.4. Canada Text Analytics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

    7.3.1. Europe Text Analytics Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.2. Europe Text Analytics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.3. Europe Text Analytics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.4. Europe Text Analytics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

    7.3.5.1. Germany Text Analytics Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.5.2. Germany Text Analytics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.5.3. Germany Text Analytics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.5.4. Germany Text Analytics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

    7.3.6.1. France Text Analytics Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.6.2. France Text Analytics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.6.3. France Text Analytics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.6.4. France Text Analytics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

    7.3.7.1. U.K. Text Analytics Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.7.2. U.K. Text Analytics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.7.3. U.K. Text Analytics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.7.4. U.K. Text Analytics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

    7.4.1. Asia Pacific Text Analytics Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.2. Asia Pacific Text Analytics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.3. Asia Pacific Text Analytics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.4. Asia Pacific Text Analytics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

 7.4.5. CHINA

     7.4.5.1. China Text Analytics Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.5.2. China Text Analytics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.5.3. China Text Analytics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.5.4. China Text Analytics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

     7.4.6.1. India Text Analytics Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.6.2. India Text Analytics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.6.3. India Text Analytics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.6.4. India Text Analytics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

     7.4.7.1. Japan Text Analytics Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.7.2. Japan Text Analytics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.7.3. Japan Text Analytics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.7.4. Japan Text Analytics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

    7.4.8.1. Australia Text Analytics Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.8.2. Australia Text Analytics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.8.3. Australia Text Analytics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.8.4. Australia Text Analytics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

    7.5.1. Mea Text Analytics Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.5.2. Mea Text Analytics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.5.3. Mea Text Analytics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.5.4. Mea Text Analytics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

     7.6.1. Latin America Text Analytics Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.6.2. Latin America Text Analytics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.6.3. Latin America Text Analytics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.6.4. Latin America Text Analytics Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

    7.6.5. Latin America Text Analytics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

    8.2.1. New Product Launches

    8.2.2. Investment & Expansion

    8.2.3. Acquisitions

    8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

     8.3.1. North American Suppliers

     8.3.2. European Suppliers

     8.3.3. Asia-Pacific Suppliers

     8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 SAP SE

    9.1.1. Company Overview

    9.1.2. Financial Performance

    9.1.3. Product Insights

    9.1.4. Strategic Initiatives

9.2 IBM Corporation

    9.2.1. Company Overview

    9.2.2. Financial Performance

    9.2.3. Product Insights

    9.2.4. Strategic Initiatives

9.3 Clarabridge

    9.3.1. Company Overview

    9.3.2. Financial Performance

    9.3.3. Product Insights

    9.3.4. Strategic Initiatives

9.4 Confirmit AS

    9.4.1. Company Overview

    9.4.2. Financial Performance

    9.4.3. Product Insights

    9.4.4. Strategic Initiatives

9.5 Megaputer Intelligence

    9.5.1. Company Overview

    9.5.2. Financial Performance

    9.5.3. Product Insights

    9.5.4. Strategic Initiatives

9.6 Company 6

    9.6.1. Company Overview

    9.6.2. Financial Performance

    9.6.3. Product Insights

    9.6.4. Strategic Initiatives

9.7 Company 7

   9.7.1. Company Overview

    9.7.2. Financial Performance

    9.7.3. Product Insights

    9.7.4. Strategic Initiatives

9.8 Company 8

    9.8.1. Company Overview

    9.8.2. Financial Performance

    9.8.3. Product Insights

    9.8.4. Strategic Initiatives

9.9 Company 9

    9.9.1. Company Overview

    9.9.2. Financial Performance

    9.9.3. Product Insights

    9.9.4. Strategic Initiatives

9.10 Company 10

    9.10.1. Company Overview

    9.10.2. Financial Performance

    9.10.3. Product Insights

    9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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