Market Overview:
The global text analytics market is expected to grow from USD 2.02 billion in 2018 to USD 5.06 billion by 2030, at a CAGR of 13.8% during the forecast period. The growth of the text analytics market can be attributed to the increasing demand for big data and data analytics solutions, growing need for fraud and spam detection, and rising demand for customer relationship management (CRM) applications. However, lack of awareness about text analytics solutions among end users is a major restraining factor for the growth of this market.
Product Definition:
Text analytics is the process of deriving value from unstructured text data. The importance of text analytics is that it can provide insights that are not possible with other data sources.
On-Premise:
On-premise software is a type of Software as a Service (SaaS) that refers to the installation of the service component on an organization's own server, rather than using cloud-based services. The organization's data and applications are fully controlled and operated within the premises of an organization.
Cloud-Based:
Cloud-based solutions are software and services that provide a platform for analyzing unstructured text. It helps in extracting information from the vast amount of data available in social media, blogs, newsgroups, and other sources by identifying patterns or trends. The technology is used to gain insights into current events as well as historical facts.
Application Insights:
The data analysis and forecasting application segment dominated the global text analytics market in 2017. This can be attributed to its rising adoption across various industries such as financial services, retail, marketing & advertising, healthcare, telecom and others. Text analytics is increasingly being used for data analysis purposes in order to gain insights about a large volume of textual data with low effort. The use of text analytics for fraud/spam detection is also expected to drive the global market over the forecast period owing to increasing incidences of online frauds and spam messages across multiple regions worldwide.
Text Analytics helps organizations detect frauds or spams faster by analyzing huge volumes of email messages or web content at same time using advanced algorithms thus providing an effective solution within budget constraints while protecting privacy rights.
Regional Analysis:
North America dominated the global market in 2017, owing to the presence of a large number of vendors offering text analytics solutions. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing investments by companies for improving their customer experience and growing demand for real-time insights from end users. Moreover, government initiatives encouraging adoption of big data technologies are also driving regional growth. For instance, in 2015, U.
The Asia Pacific is anticipated to grow at a lucrative rate during the forecast period owing with rapid technological advancements coupled with increased spending on cloud computing infrastructure development by various governments across emerging economies such as China and India among others).
Growth Factors:
- Increasing demand for big data and analytics services
- Proliferation of social media platforms and the need to analyze unstructured data from them
- The increasing number of text-based applications in various industries
- The growing trend of Bring Your Own Device (BYOD) in organizations, which leads to the generation of more text data
- The increasing demand for customer experience management (CEM) solutions that use text analytics
Scope Of The Report
Report Attributes
Report Details
Report Title
Text Analytics Market Research Report
By Type
On-Premise, Cloud-Based
By Application
Data Analysis & Forecasting, Fraud/Spam Detection, Intelligence & Law Enforcement, Customer Relationship Management (CRM), Other
By Companies
IBM, Microsoft, SAS Institute, SAP SE, RapidMiner, Confirmit, Predixion Software, Lexalytics, Angoss Software
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Text Analytics Market Report Segments:
The global Text Analytics market is segmented on the basis of:
Types
On-Premise, Cloud-Based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Data Analysis & Forecasting, Fraud/Spam Detection, Intelligence & Law Enforcement, Customer Relationship Management (CRM), Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM
- Microsoft
- SAS Institute
- SAP SE
- RapidMiner
- Confirmit
- Predixion Software
- Lexalytics
- Angoss Software
Highlights of The Text Analytics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-Premise
- Cloud-Based
- By Application:
- Data Analysis & Forecasting
- Fraud/Spam Detection
- Intelligence & Law Enforcement
- Customer Relationship Management (CRM)
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Text Analytics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Text analytics is the process of analyzing text data to extract meaning and insights. This can be done manually or through automated tools. Text analytics can help identify trends, patterns, and relationships in large volumes of text data. It can also help identify customer sentiment, understand user behavior on websites and apps, and more.
Some of the key players operating in the text analytics market are IBM, Microsoft, SAS Institute, SAP SE, RapidMiner, Confirmit, Predixion Software, Lexalytics, Angoss Software.
The text analytics market is expected to grow at a compound annual growth rate of 13.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Text Analytics Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Text Analytics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Text Analytics Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Text Analytics Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Text Analytics Market Size & Forecast, 2018-2028
4.5.1 Text Analytics Market Size and Y-o-Y Growth
4.5.2 Text Analytics Market Absolute $ Opportunity
Chapter 5 Global Text Analytics Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Text Analytics Market Size Forecast by Type
5.2.1 On-Premise
5.2.2 Cloud-Based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Text Analytics Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Text Analytics Market Size Forecast by Applications
6.2.1 Data Analysis & Forecasting
6.2.2 Fraud/Spam Detection
6.2.3 Intelligence & Law Enforcement
6.2.4 Customer Relationship Management (CRM)
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Text Analytics Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Text Analytics Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Text Analytics Analysis and Forecast
9.1 Introduction
9.2 North America Text Analytics Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Text Analytics Market Size Forecast by Type
9.6.1 On-Premise
9.6.2 Cloud-Based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Text Analytics Market Size Forecast by Applications
9.10.1 Data Analysis & Forecasting
9.10.2 Fraud/Spam Detection
9.10.3 Intelligence & Law Enforcement
9.10.4 Customer Relationship Management (CRM)
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Text Analytics Analysis and Forecast
10.1 Introduction
10.2 Europe Text Analytics Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Text Analytics Market Size Forecast by Type
10.6.1 On-Premise
10.6.2 Cloud-Based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Text Analytics Market Size Forecast by Applications
10.10.1 Data Analysis & Forecasting
10.10.2 Fraud/Spam Detection
10.10.3 Intelligence & Law Enforcement
10.10.4 Customer Relationship Management (CRM)
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Text Analytics Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Text Analytics Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Text Analytics Market Size Forecast by Type
11.6.1 On-Premise
11.6.2 Cloud-Based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Text Analytics Market Size Forecast by Applications
11.10.1 Data Analysis & Forecasting
11.10.2 Fraud/Spam Detection
11.10.3 Intelligence & Law Enforcement
11.10.4 Customer Relationship Management (CRM)
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Text Analytics Analysis and Forecast
12.1 Introduction
12.2 Latin America Text Analytics Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Text Analytics Market Size Forecast by Type
12.6.1 On-Premise
12.6.2 Cloud-Based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Text Analytics Market Size Forecast by Applications
12.10.1 Data Analysis & Forecasting
12.10.2 Fraud/Spam Detection
12.10.3 Intelligence & Law Enforcement
12.10.4 Customer Relationship Management (CRM)
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Text Analytics Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Text Analytics Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Text Analytics Market Size Forecast by Type
13.6.1 On-Premise
13.6.2 Cloud-Based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Text Analytics Market Size Forecast by Applications
13.10.1 Data Analysis & Forecasting
13.10.2 Fraud/Spam Detection
13.10.3 Intelligence & Law Enforcement
13.10.4 Customer Relationship Management (CRM)
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Text Analytics Market: Competitive Dashboard
14.2 Global Text Analytics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 Microsoft
14.3.3 SAS Institute
14.3.4 SAP SE
14.3.5 RapidMiner
14.3.6 Confirmit
14.3.7 Predixion Software
14.3.8 Lexalytics
14.3.9 Angoss Software
