Pune, India -- (SBWire) -- 11/07/2018 --This report gives a detailed and comprehensive understanding of Text Analytics Market. With precise data covering all key aspects of the existing market, this report offers existing data of leading manufacturers. Text Analytics Market by Component (Services {Managed Services, Professional Services {Support and Maintenance, Consulting Services, System Integration and Deployment}} and Software); by Deployment Model (Cloud and On-Premises); by Organization Size (Small and Medium-sized Enterprises (SMEs) and Large Enterprises); by Application (Customer Experience Management, Document Management, Governance, Risk and Compliance Management, Marketing Management, Workforce Management and Others); by Vertical (Banking, Financial Services, and Insurance (BFSI), Energy and Utilities, Government and Defense, Healthcare and Life Sciences, Manufacturing, Media and entertainment , Retail and Ecommerce, Telecommunications and Information Technology (IT) and Travel and Hospitality).
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Based on the vertical, retail and ecommerce is anticipated to be the most attractive and largest market in the vertical industries of text analytics market. The rise in text mining along with development of platforms which store huge data in their cloud services are expected to drive the growth of retail and ecommerce segment. Identifying customer's purchase patterns and opinions on products, retailers could target specific consumers with personalized offers and discounts to boost sales and increase customer loyalty.
Some of the key participants in text analytics market which witnesses different collaborations, mergers and acquisitions are Crimson Hexagon, S.L., IBM, Infegy, Inc., Lexalytics, LUMINOSO, MeaningCloud LLC, Microsoft Corporation, Averbis, OpenText Corp, Oracle, Clarabridge, SAP SE, KNIME.com AG, Megaputer Intelligence, Inc., SAS Institute, Inc., Bitext Innovations, TABLEAU SOFTWARE, The Hewlett-Packard Company and TIBCO Software Inc. amongst others. In March 2017, IBM announced the change of AlchemyLanguage into IBM Watson natural language understanding. The service offers suite of NLP which possess the capabilities to extract and analyze metadata from unstructured text.
Text Analytics Market – By Component
Services
Managed Services
Professional Services
Support and Maintenance
Consulting Services
System Integration and Deployment
Software
Market By Deployment Model
Cloud
On-Premises
Market By Organization Size
Small and Medium-sized Enterprises (SMEs)
Large Enterprises
Text Analytics Market – By Application
Customer Experience Management
Document Management
Governance, Risk and Compliance Management
Marketing Management
Workforce Management
Others
Text Analytics Market – By Vertical
Banking, Financial Services, and Insurance (BFSI)
Energy and utilities -Government and defense
Healthcare and life sciences
Manufacturing
Media and entertainment
Retail and Ecommerce
Telecommunications and Information Technology (IT)
Travel and hospitality
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The research study analyzes the global market for Text Analytics on the basis of the type and their application. It likewise points out the courses in which the associations can strengthen their stand in the market and augment their livelihoods in the forthcoming years. Consistent technological progressions and the enduring penetration of Internet in the remote corners of the world are moreover responsible for the astounding advancement of the Global Text Analytics Market.
An analysis of the competitive scenario of the global market for Text Analytics has also been provided in this research study. Analysts have studied the profiles of the leading companies operating in this market using various analytical tools, such as SWOT analysis, to determine the current market hierarchy.
Considering regions, major parts of the globe are covered with depth of research including North America, Asia Pacific, Europe, the Middle East & Africa and Latin America. The consumption, revenue, market value, production, share and growth rate of Text Analytics market from 2018 to 2023 is been covered.
Table of Contents (TOC)
Global Text Analytics Market Research Report Forecast 2023
Chapter 1:- Text Analytics Market Overview
Chapter 2:- Economic Impact on Industry
Chapter 3:- Production, Business Opportunities with Potential Analysis
Chapter 4:- Rising Trends and New Technologies with key players
Chapter 5:- Manufacturing Cost Analysis
Chapter 6:- Technology Progress, Development Process and Downstream Buyers
Chapter 7:- Marketing Strategy Analysis, Distributors/Traders
Chapter 8:- Market Share by Key Countries in These Regions
Chapter 9:- Show the Market by Type and Application, With Sales Market Share and Growth Rate
Chapter 10:- Appendix and Data Source
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