Pune, India -- (SBWire) -- 11/08/2018 --Text analytics is a tool that applies sets of statistical, linguistic, and machine learning techniques, to analyze the text data gathered from social and enterprise sources. Text analytics extracts useful information from social, online, or enterprise data, in order to create valuable insights for business, research, and investigation. The text analytics software solutions are increasing in demand among business groups to automate the identification of entities, topics, events, concepts, and personal attributes, and streamline the decision-making and business optimization process.
In 2017, the global Text Analytics market size was 2140 million US$ and it is expected to reach 5030 million US$ by the end of 2025, with a CAGR of 11.3% during 2018-2025.
This report focuses on the global Text Analytics status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Text Analytics development in United States, Europe and China.
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The key players covered in this study
IBM
Microsoft
SAS Institute
SAP SE
RapidMiner
Confirmit
Predixion Software
Lexalytics
Angoss Software
Market segment by Type, the product can be split into
On-Premise
Cloud-Based
Market segment by Application, split into
Data Analysis & Forecasting
Fraud/Spam Detection
Intelligence & Law Enforcement
Customer Relationship Management (CRM)
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
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The study objectives of this report are:
To analyze global Text Analytics status, future forecast, growth opportunity, key market and key players.
To present the Text Analytics development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Text Analytics are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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Text Analytics Market to Reach 5030 Million US$ by the End of 2025: Increasing in Demand Among Business Groups
Global (United States, European Union and China) Text Analytics Market Size, Status and Forecast 2018-2025