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Text Analytics Market - Current Analysis & Growth Estimation to 2027

Text Analytics Market - Current Analysis & Growth Estimation to 2027

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Text Analytics Market - Current Analysis & Growth Estimation to 2027

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  1. Text Analytics Market – Growth Potential and Regional Outlook to 2027 • The global text analytics market share to expand at an appreciable rate by 2027, driven by the accelerating need to analyze business decisions and customer behaviors under the support of analytics technologies. Rising investments in artificial intelligence-based startups, coupled with increasing conversion of unstructured data into structured formats, will amplify industry outlook in years ahead. As per Global Market Insights, Inc. estimates, text analytics market size is expected to cross $20 billion by 2027. • Major companies worldwide are focusing on leveraging emerging technologies such as natural language processing, artificial intelligence, and blockchain to develop smart text analytics tools. Furthermore, enterprises are deploying this method to retrieve information from unstructured data and interpret the results for enhanced customer satisfaction and business decisions. These aforesaid text analytics applications will add significant impetus to overall market growth over the forecast spell. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  2. In terms of segmentation by component, the customer relationship management (CRM) software segment is poised to exhibit a CAGR of more than 15% through 2027. Text mining has been playing a prominent role in allowing enterprise-level businesses to monitor customer feedbacks and chatter on the Internet. Companies are also adopting advanced analytics solutions to ensure real-time analysis of written content and identification of customer queries. • Based on deployment model, the global text analytics market from the cloud segment is slated to proliferate at a commendable pace over the coming years, which is attributable to the strong reliance of enterprises on cloud-based infrastructures for business processes. In order to rapidly deliver accurate text mining results, cloud-based text analytics software also leverages the on-demand computing capabilities and scalability of the cloud platform. • With regards to the application spectrum, the healthcare segment is set to hold a considerable share over the estimated timeframe, on account of the escalating demand for text mining and NLP (natural language processing) systems to turn expansive information from healthcare databases into valuable insights. Through the deployment of this process, enterprises are also boosting their clinical trials and discovery processes of multiple drugs. These factors, alongside the robust clinical documentation analysis demand and EHRs improvements, will contribute to the segmental growth. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  3. Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/2215 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  4. Regional Analysis • From a regional perspective, the North America text analytics industry is projected to depict a CAGR of over 15% through 2027, due to the mounting demand for sentiment analysis of feedback from customers as well as social media analytics. Rapid adoption of social media platforms, along with the rising partnership agreements to develop text analytics tools, will further bolster regional industry forecast. • Competitive Analysis • The competitive landscape of the text analytics market comprises of companies such as SAS Institute, SAP SE, Oracle Corporation, Microsoft Corporation, IBM Corporation, Capgemini SE, and Attivio, among others. These firms are focusing on strategies such as M&A, innovative solution launches, and business expansions to expand their footprint globally. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  5. Latest Research Report On Text Analytics Market @ https://www.gminsights.com/industry-analysis/text-analytics-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/2215 Request for customization: https://www.gminsights.com/roc/2215 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  6. Stay In Touch You can visit us at: www.gminsights.com Thank You…! © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com www.gminsights.com

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