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(IT-NEWSWIRE.COM, February 05, 2018 ) Text Analytics market is expected to grow US$ 18.28 Bn by 2025 from US$ 2.59 Bn in 2016.Text analytics has become vigorous for smooth functionality of business. Text analytics is still mainly an undeveloped science and holds several different approaches. Text analytics has become increasing important in various purpose such as classification of information, sentimental analytics, and summarization of information and data investigation. It can be define as the process of analyzing retrieving of information from text sources. Text analytics is the processes of converting unstructured data into meaningful data for analysis.
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One of the major factor which drives the market for text analytics is rising growth of big data analytics because with big data analytics, data mining and text analytics brings the capabilities to business user to create analytical intelligence by display patterns in both structured and unstructured data. Enterprises are increasingly stressing on combining internal as well as external data sources to achieve efficiencies. In addition to this there are several other factors which drives the market such as increasing adoption of social media and increasing adoption of text analytics tools. However, the factor hindering growth of text analytics is lack of awareness about text analytics. The need to explore textual data to obtain new vision by combining industry knowledge is expected to boost the market.
Text Analytics Market Key Players
IBM Corporation
SAP SE
SAS Institute Inc.
Clarabridge
Expert Systems
OpenText Corp.
Basis Technology
Linguamatics
ANGOSS SOFTWARE CORPORATION
KNIME
The report segments the global text analytics market as follows:
Global Text Analytics Market – By Deployment Model On-premise Cloud
Global Text Analytics Market – By Technology Natural Language Processing (NLP) Automated Machine Learning (AML) Hybrid
Global Text Analytics Market – By Application Predictive Analysis Social Media Monitoring Fraud/Spam Detection Competitive Intelligence Others
Global Text Analytics Market – By Verticals BFSI Telecom Sector Government FMCG Pharmaceuticals Legal and Intellectual Property Academia and Education Chemistry and Materials Healthcare Retail Others
Global Text Analytics Market – By Geography North America U.S. Canada Mexico Europe France Germany Italy Spain U.K Asia Pacific (APAC) Japan China India Australia Middle East & Africa (MEA) Saudi Arabia South Africa UAE South America (SAM) Brazil
View Complete Report at http://www.theinsightpartners.com/reports/text-analytics-market
About The Insight Partners The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.
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Source: EmailWire.Com
Source: EmailWire.com
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