Text Analytics Market, By Component (Software and Services), By Application (Social Media Analysis, Business Intelligence, Fraud management, Risk management, and Customer Care service), By End-use Industry (Healthcare, BFSI, Energy and Utility and Retail & Ecommerce) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030

Creating patterns and trends, such as statistical pattern learning, is a standard method for obtaining high-quality data. The technique of extracting high-quality information from text is known as text analytics, sometimes known as text data mining or text mining. By analyzing data generated from numerous sources, text analytics software allows businesses to understand their customers better, assisting them in determining client desires and purchase habits. The capacity of text analytics to analyze hidden feelings in the text is a significant aspect that makes this industry appealing. Text analytics is employed in various industries, including FMCG, telecommunications, government, retail, healthcare, pharmaceuticals, banking, financial services, and insurance. Text mining often entails structuring the input text, identifying patterns within structured data, and evaluating and interpreting the results. The overall purpose is to convert text into data that can be analyzed using natural language processing (NLP) and analytical approaches. The Text Analytics market accounted for US$ 5.4 billion in 2020 and is estimated to be US$ 25.58 billion by 2030 and is anticipated to register a CAGR of 17%.                                           

                                                          

Growth in business operations by emerging and small-sized players

The increased acceptability of social media platforms and a growing preference for cloud technology for data storage contribute to the increasing popularity of text analytics technologies. Companies are adopting cloud technology in droves around the world. Some of the primary drivers driving the global text analytics apps industry are the capacity to prevent fraud, manage risk, and plan efficient marketing initiatives. Text analytics' ability to evaluate data in real-time has affected its adoption in a variety of organizations; as a result, text analysis is gaining traction as a futuristic technology that has the potential to transform corporate operations. Furthermore, rising nations, particularly in the Asia-Pacific region, have excellent possibilities for text analytics market expansion.

Restraining Factors

However, because of their low economies, buyers in developing countries are less aware of the basic principles of text analytics and its benefits. On the other hand, organizations that use text analytics often struggle to realize their full potential because they lack the experience and skilled personnel needed to handle and deal with digital data and multilingual capabilities. As a result, a lack of awareness and competent personnel may stymie market expansion.

                                                   

The global Text Analytics market is segmented by component, application, end-use industry, and region.

Based on Components, the global Text Analytics market is segmented into Software and Services. Based on Application, the target market is segmented into Social Media Analysis, Business Intelligence, Fraud management, Risk management, and Customer Care service. By End-use Industry, the market is segmented into Healthcare, BFSI, Energy and Utility, and Retail & E-commerce.

Regional Insights:

                                                 

The region's global Text Analytics market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate Text Analytics in the upcoming forecast era. This is mainly attributed due to the growing technological investment among emerging countries. Resulting in an increased demand for text analytics solutions used for automating the maintenance and plant safety process

                                                    

Report Scope:

Attribute	Details
Base year for estimation	2020
Forecast period	2020 – 2030
Market representation	Revenue in USD Million & CAGR from 2020 – 2030
Market Segmentation	By Component- Software and Services By Application– Social Media Analysis, Business Intelligence, Fraud management, Risk management, and Customer Care service. By End-use Industry- Healthcare, BFSI, Energy and Utility and Retail & Ecommerce.
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global Text Analytics market report based on component, application, end-use industry and region.

                                                  

Global Text Analytics Market, By Region:

• • • North America
      • • U.S.
        • Canada
    • Europe
      • • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

The key players operating in the global Text Analytics market include International Business Machines Corporation, Open Text Corporation, SAS Institute, Inc., SAP SE, Clarabridge, Inc., Megaputer Intelligence, Inc., Meaning Cloud LLC., Luminoso Technologies, Inc., KNIME.com AG, Infegy, Inc., Lexalytics, Inc., and Averbis.

• International Business Machines Corporation*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Open Text Corporation
• SAS Institute Inc.
• SAP SE
• Clarabridge, Inc.
• Megaputer Intelligence, Inc.
• Meaning Cloud LLC.
• Luminoso Technologies, Inc.
• KNIME.com AG
• Infegy, Inc.
• Lexalytics, Inc.,
• Averbis

“*” marked represents similar segmentation in other categories in the respective section

• Research Objective and Assumption
  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations
• Research Methodology
  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions
• Market Purview
  • Executive Summary
  • Key Findings—Global Outlook for Text Analytics Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Component
    • Market Snippet, By Application
    • Market Snippet, By End-use Industry
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions
• Market Dynamics, Regulations, and Trends Analysis
  • Market Dynamics
    • Drivers
    • Restraints
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis
• Global Text Analytics Market, By Component, 2020 – 2030, (US$ Mn)
  • Software
    • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
    • Y-o-Y Growth Analysis (%), 2020 – 2030
    • Segment Trends
  • Services
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
• Global Text Analytics Market, By Application , 2020 – 2030, (US$ Mn)
  • Social Media Analysis
    • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
    • Y-o-Y Growth Analysis (%), 2020 – 2030
    • Segment Trends
  • Business Intelligence
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  • Fraud Management
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  • Risk Management
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  • Customer Care Service
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
• Global Text Analytics Market, By Region, 2020 – 2030, (US$ Mn)
  • Overview
    • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
    • Y-o-Y Growth Analysis (%), 2020 – 2030
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Mn), By Component, 2020 – 2030
    • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
    • Market Size and Forecast (US$ Mn), By End-use Industry, 2020 – 2030
    • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Mn), By Component, 2020 – 2030
    • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
    • Market Size and Forecast (US$ Mn), By End-use Industry, 2020 – 2030
    • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
      • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Mn), By Component, 2020 – 2030
    • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
    • Market Size and Forecast (US$ Mn), By End-use Industry, 2020 – 2030
    • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
      • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Mn), By Component, 2020 – 2030
    • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
    • Market Size and Forecast (US$ Mn), By End-use Industry, 2020 – 2030
    • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
      • Brazil
      • Mexico
      • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Mn), By Component, 2020 – 2030
    • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
    • Market Size and Forecast (US$ Mn), By End-use Industry, 2020 – 2030
    • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East
• Competitive Landscape
  • Heat Map Analysis
  • Market Presence and Specificity Analysis
• Company Profiles
  • International Business Machine Corporation*
    • • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Business Strategies
• Open Text Corporation
• SAS Institute Inc.
• SAP SE
• Clarabridge, Inc.
• Megaputer Intelligence, Inc.
• Meaning Cloud LLC.
• Luminoso Technologies, Inc.
• KNIME.com AG
• Infegy, Inc.
• Lexalytics, Inc.,
• Averbis

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