Global Text Analytics Market
Report Highlights
Text Analytics Market Size And Forecast
According to Verified Market Research, the Global Text Analytics Market was valued at USD 5.30 billion in 2019 and is projected to reach USD 17.46 billion by 2027, growing at a CAGR of 17.35% from 2020 to 2027.
Global Text Analytics Market Overview
Social media platforms are definitely a driving force behind the adoption of text analytics software. There are many vendors that offer social media monitoring platforms with varying degrees of sophistication in terms of the analysis. Many of them have moved beyond search-based techniques and included text analytics in order to discover topics or analyze sentiment. Therefore, it can be concluded that the rising demand for social media analytics for gaining crucial business insights is expected to drive the market growth in the forecast period.
Global Text Analytics Market: Segmentation Analysis
The Global Text Analytics Market is segmented on the basis of Application, Organization Size, Component, Vertical, and geography.
Global Text Analytics Market Competitive Landscape
The “Global Text Analytics Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as IBM Corporation, SAP SE, OpenText Corporation, SAS Institute, Inc., Clarabridge, Inc., Bitext Innovations and Others.
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Global Text Analytics Market
Market Overview:
The Global Text Analytics Market was valued at USD 3.31 billion in 2016 and is projected to reach USD 14.00 billion by 2025, growing at a CAGR of 17.35% from 2017 to 2025.
Text analytics is a general practice of applying algorithms or programs to text in order to analyze that text. With an iterative approach, an organization ...