Global Text Analytics Market to Exceed USD 18 Bn by 2025, Announces The Insight Partners in Its Cutting-Edge Report Available at MarketPublishers.com06 Sep 2017 • by Natalie Aster
LONDON – With the increasing amount of data, data analysis by individuals becomes ineffective. This emphasizes the necessity to use text analytics software, that is capable to handle large volumes of data.
Today, most companies are able to exploit only appr. 30% of unstructured data generated, thus representing attractive opportunities for vendors to introduce analytical solutions enhanced with advanced capabilities including NLP, language support and machine learning.
The world’s market for text analytics is anticipated to gain traction, growing from USD 2.59 billion as of 2016 to touch USD 18.28 billion in 2025. The key force contributing to the market growth is overabundance of unstructured data, resulting from surging usage of social media, rising interest towards online retailing and expanding digitalisation.
Insightful research report “Text Analytics Market to 2025 - Global Analysis and Forecasts by Deployment Type, Technology, Application, Verticals” issued by The Insight Partners offers a granular analysis of the world’s market for text analytics and provides a profound overview of the prevailing market trends. The report also highlights the major factors driving and hindering the market growth. Additionally, the report pinpoints the key market strategies that underpin commercial interest basing on products, segmentation and industry verticals. This in-demand market research study examines the market dynamics, highlights the situation across the main market segments (by deployment model, technology, application and vertical), includes PEST analysis and investigates the current scenario across the key regional markets (North America, Europe, APAC, Middle East and Africa, South America). The competitive market environment is thoroughly examined in the report as well as 23 profiles of the dominant market participants are available. In addition, this study looks at possible future growth opportunities and treats, and presents future forecasts through 2025.
Visit the publisher’s page at MarketPublishers.com, to find many other research reports worked out by The Insight Partners.