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EUROPE TEXT ANALYTICS MARKET FORECAST 2017-2025

July 2017 | 78 pages | ID: E474CEC4783EN
Inkwood Research

US$ 1,250.00

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KEY FINDINGS

Text Analytics Market in Europe was valued at $523 million in the year 2016. It is expected to reach $2540 million by the end of the forecast period of 2017-2025, growing at a CAGR of 19.09%. Monetizing of social media analytics, the emergence of multilingual text analytics to break the language barrier, growing social media and smartphone users and the rise in industry specific text analysis applications are majorly responsible for driving the market.

MARKET INSIGHTS

The market is currently being presented with numerous growth opportunities such as the convergence of text analytics with big data and the added advantage of predictive analytics. The technology segment of the market is divided into web mining, predictive analysis, descriptive data analysis, and text clustering. The end-users for this market are banking, financial services & insurance, retail, government, fast moving consumer goods, healthcare & pharmaceuticals, telecommunication, others. Banking, financial services & insurance (BFSI) and government are the most promising end-user segments.The deployment of the text analytics technology is found in on-premise and cloud. Various applications of the technology can be observed in the field of brand reputation, customer relationship management, fraud detection, predictive analysis and competitive intelligence. The predictive analysis is expected to be the fastest growing application over the forecast period.

COMPETITIVE INSIGHTS

Inorganic growth is the preferred growth path for many leading companies in the market which is why they choose mergers & acquisitions as the primary strategy in order to get an edge over each other.

Some of the major players in the market include:
  • Angoss Software Corporation
  • Basis Technology Corporation
  • Clarabridge Inc
  • Hewlett Packard Company (HP)
  • Infegy INC.
  • Kana Software Inc. (Acquired By Verint)
  • Microsoft Corporation
1. RESEARCH SCOPE

1.1. STUDY GOALS
1.2. SCOPE OF THE MARKET STUDY
1.3. WHO WILL FIND THIS REPORT USEFUL?
1.4. STUDY AND FORECASTING YEARS

2. RESEARCH METHODOLOGY

2.1. SOURCES OF DATA
  2.1.1. SECONDARY DATA
  2.1.2. PRIMARY DATA
2.2. TOP-DOWN APPROACH
2.3. BOTTOM-UP APPROACH
2.4. DATA TRIANGULATION

3. EXECUTIVE SUMMARY

3.1. MARKET SUMMARY
3.2. KEY FINDINGS
  3.2.1. SOCIAL MEDIA MARKETING & INCREASED SMARTPHONE USERS AUGMENTING THE GROWTH OF MARKET.
  3.2.2. INTEGRATION OF TEXT ANALYTICS WITH EMERGING TECHNOLOGIES
  3.2.3. INORGANIC GROWTH IS THE PREFERRED GROWTH PATH

4. MARKET DYNAMICS

4.1. MARKET DEFINITION
4.2. MARKET DRIVERS
  4.2.1. MONETIZING OF SOCIAL MEDIA ANALYTICS
  4.2.2. RISE IN INDUSTRY SPECIFIC TEXT ANALYTICS APPLICATIONS
  4.2.3. EMERGENCE OF MULTILINGUAL TEXT ANALYTICS TO BREAK THE LANGUAGE BARRIER
4.3. MARKET RESTRAINTS
  4.3.1. LIMITED ADOPTION DUE TO SOFTWARE HANDLING ISSUES
4.4. MARKET OPPORTUNITIES
  4.4.1. CONVERGENCE OF TEXT ANALYTICS WITH BIG DATA
  4.4.2. ADDED ADVANTAGE OF PREDICTIVE ANALYTICS
4.5. MARKET CHALLENGES
  4.5.1. COSTLY PROCEDURES OF TEXT ANALYTICS
  4.5.2. INCREASING AWARENESS AMONG END USERS
  4.5.3. INCONSISTENCY IN INTERPRETATION

5. MARKET SEGMENTATION

5.1. BY APPLICATION
  5.1.1. CUSTOMER RELATIONSHIP MANAGEMENT (CRM)
  5.1.2. PREDICTIVE ANALYSIS
  5.1.3. COMPETITIVE INTELLIGENCE
  5.1.4. FRAUD DETECTION
  5.1.5. BRAND REPUTATION
5.2. BY DEPLOYMENT
  5.2.1. CLOUD
  5.2.2. ON-PREMISE
5.3. BY END USER
  5.3.1. BANKING, FINANCIAL SERVICES & INSURANCE (BFSI)
  5.3.2. GOVERNMENT
  5.3.3. RETAIL
  5.3.4. HEALTHCARE & PHARMACEUTICALS
  5.3.5. TELECOMMUNICATION
  5.3.6. FAST MOVING CONSUMER GOODS (FMCG)
  5.3.7. OTHER END USERS
5.4. BY TECHNOLOGY
  5.4.1. DESCRIPTIVE DATA ANALYSIS
  5.4.2. TEXT CLUSTERING
  5.4.3. WEB MINING
  5.4.4. PREDICTIVE ANALYSIS

6. KEY ANALYTICS

6.1. PORTER’S FIVE FORCE MODEL
  6.1.1. THREAT OF NEW ENTRANTS
  6.1.2. THREAT OF SUBSTITUTE PRODUCTS OR SERVICES
  6.1.3. BARGAINING POWER OF BUYER
  6.1.4. BARGAINING POWER OF SUPPLIER
  6.1.5. INTENSITY OF COMPETITIVE RIVALRY
6.2. KEY BUYING CRITERIA
  6.2.1. ACCURACY
  6.2.2. LEVEL OF PLATFORM
  6.2.3. LANGUAGE SUPPORT
  6.2.4. AVAILABILITY OF DATA INTELLIGENCE
6.3. VENDOR LANDSCAPE
6.4. OPPORTUNITY MATRIX

7. GEOGRAPHIC ANALYSIS

7.1. EUROPE
  7.1.1. KEY DRIVERS
  7.1.2. REGIONAL ANALYSIS
    7.1.2.1. UNITED KINGDOM
    7.1.2.2. GERMANY
    7.1.2.3. FRANCE
    7.1.2.4. SPAIN
    7.1.2.5. ITALY
    7.1.2.6. REST OF EUROPE

8. COMPETITIVE LANDSCAPE

8.1. MARKET SHARE ANALYSIS
8.2. STRATEGIC MOVES
8.3. COMPANY PROFILES
  8.3.1. ANGOSS SOFTWARE CORPORATION
  8.3.2. AVERBIS GMBH
  8.3.3. ATTENSITY GROUP INC.
  8.3.4. BASIS TECHNOLOGY CORPORATION
  8.3.5. BITEXT INNOVATIONS SL
  8.3.6. CLARABRIDGE INC.
  8.3.7. HEWLETT PACKARD COMPANY (HP)
  8.3.8. INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM)
  8.3.9. INFEGY INC.
  8.3.10. JIVE SOFTWARE
  8.3.11. KANA SOFTWARE INC. (ACQUIRED BY VERINT)
  8.3.12. KONSTANZ INFORMATION MINER (KNIME)
  8.3.13. LEXALYTICS INC.
  8.3.14. LUMINOSO TECHNOLOGIES INC.
  8.3.15. MEGAPUTER INTELLIGENCE INC.
  8.3.16. MEANINGCLOUD LLC
  8.3.17. MICROSOFT CORPORATION
  8.3.18. NETBASE SOLUTIONS INC.
  8.3.19. OPEN TEXT CORPORATION
  8.3.20. PREDIXION SOFTWARE (ACQUIRED BY GREENWAVE SYSTEMS)
  8.3.21. RAPIDMINER INC
  8.3.22. SAP SE
  8.3.23. SAS INSTITUTE
  8.3.24. THE INFORMATION BUS COMPANY (TIBCO) SOFTWARE INC.
  8.3.25. UNMETRIC

LIST OF TABLES

TABLE 1: EUROPE TEXT ANALYTICS MARKET, BY COUNTRY, 2017-2025 (IN $ MILLION)
TABLE 2: EUROPE TEXT ANALYTICS MARKET, BY APPLICATION, 2017-2025 (IN $ MILLION)
TABLE 3: EUROPE TEXT ANALYTICS MARKET, BY DEPLOYMENT, 2017-2025 (IN $ MILLION)
TABLE 4: EUROPE TEXT ANALYTICS MARKET, BY END USER, 2017-2025 (IN $ MILLION)
TABLE 5: EUROPE TEXT ANALYTICS MARKET, BY TECHNOLOGY, 2017-2025 (IN $ MILLION)
TABLE 6: EUROPE TEXT ANALYTICS MARKET, BY COUNTRY, 2017-2025 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: EUROPE TEXT ANALYTICS MARKET, BY END USERS, 2017-2025 (IN %)
FIGURE 2: SOCIAL MEDIA STRATEGIES FOR MARKETING IN 2016 (%)
FIGURE 3: SMARTPHONE USERS ACROSS THE WORLD, 2016-2020 (IN BILLION)
FIGURE 4: CURRENT USE BY RESEARCHERS AND FUTURE REQUIREMENT OF LANGUAGE BASED TEXT ANALYTICS TOOLS IN THE YEAR 2016
FIGURE 5: PERCENTAGE OF SATISFIED USERS OF SIRI, CORTANA AND GOOGLE NOW FOR THE YEAR 2016
FIGURE 6: USE OF PREDICTIVE ANALYSIS IN THE YEAR 2016
FIGURE 7: RESOURCE COST INCURRED BY RESEARCHERS EUROPELY IN THE YEAR 2016
FIGURE 8: USE OF TEXT ANALYTICS AND MINING TOOLS IN PUBLISHING JOURNAL LITERATURE FROM 2008-2014
FIGURE 9: EUROPE TEXT ANALYTICS MARKET, BY CUSTOMER RELATIONSHIP MANAGEMENT (CRM), 2017-2025 (IN $ MILLION)
FIGURE 10: EUROPE TEXT ANALYTICS MARKET, BY PREDICTIVE ANALYSIS, 2017-2025 (IN $ MILLION)
FIGURE 11: EUROPE TEXT ANALYTICS MARKET, BY COMPETITIVE INTELLIGENCE, 2017-2025 (IN $ MILLION)
FIGURE 12: EUROPE TEXT ANALYTICS MARKET, BY FRAUD DETECTION, 2017-2025 (IN $ MILLION)
FIGURE 13: EUROPE TEXT ANALYTICS MARKET, BY BRAND REPUTATION, 2017-2025 (IN $ MILLION)
FIGURE 14: ENTERPRISE APPLICATION OF PUBLIC AND PRIVATE CLOUD
FIGURE 15: EUROPE TEXT ANALYTICS MARKET, BY CLOUD DEPLOYMENT, 2017-2025 (IN $ MILLION)
FIGURE 16: EUROPE TEXT ANALYTICS MARKET, BY ON-PREMISE DEPLOYMENT, 2017-2025 (IN $ MILLION)
FIGURE 17: EUROPE TEXT ANALYTICS MARKET, BY BANKING, FINANCIAL SERVICES & INSURANCE, 2017-2025 (IN $ MILLION)
FIGURE 18: EUROPE TEXT ANALYTICS MARKET, BY GOVERNMENT, 2017-2025 (IN $ MILLION)
FIGURE 19: EUROPE TEXT ANALYTICS MARKET, BY RETAIL, 2017-2025 (IN $ MILLION)
FIGURE 20: EUROPE TEXT ANALYTICS MARKET, BY HEALTHCARE & PHARMACEUTICALS MARKET, 2017-2025 (IN $ MILLION)
FIGURE 21: EUROPE TEXT ANALYTICS MARKET, BY TELECOMMUNICATION, 2017-2025 (IN $ MILLION)
FIGURE 22: EUROPE TEXT ANALYTICS MARKET, BY FAST MOVING CONSUMER GOODS (FMCG), 2017-2025 (IN $ MILLION)
FIGURE 23: EUROPE TEXT ANALYTICS MARKET, BY OTHER END USERS, 2017-2025 (IN $ MILLION)
FIGURE 24: TEXT ANALYTICS TECHNOLOGY MODEL
FIGURE 25: EUROPE TEXT ANALYTICS MARKET, BY DESCRIPTIVE DATA ANALYSIS, 2017-2025 (IN $ MILLION)
FIGURE 26: EUROPE TEXT ANALYTICS MARKET, BY TEXT CLUSTERING, 2017-2025 (IN $ MILLION)
FIGURE 27: EUROPE TEXT ANALYTICS MARKET, BY WEB MINING, 2017-2025 (IN $ MILLION)
FIGURE 28: EUROPE TEXT ANALYTICS MARKET, BY PREDICTIVE ANALYSIS, 2017-2025 (IN $ MILLION)
FIGURE 29: EUROPE TEXT ANALYTICS MARKET SHARE, BY COUNTRY, 2016 & 2025 (IN %)
FIGURE 30: UNITED KINGDOM TEXT ANALYTICS MARKET, 2017-2025 (IN $ MILLION)
FIGURE 31: BIG DATA ANALYTICS MARKET IN GERMANY, 2015-2016 (IN $ MILLION)
FIGURE 32: GERMANY TEXT ANALYTICS MARKET, 2017-2025 (IN $ MILLION)
FIGURE 33: FRANCE TEXT ANALYTICS MARKET, 2017-2025 (IN $ MILLION)
FIGURE 34: SPAIN TEXT ANALYTICS MARKET, 2017-2025 (IN $ MILLION)
FIGURE 35: ITALY TEXT ANALYTICS MARKET, 2017-2025 (IN $ MILLION)
FIGURE 36: REST OF EUROPE TEXT ANALYTICS MARKET, 2017-2025 (IN $ MILLION)
FIGURE 37: MARKET SHARE ANALYSIS OF KEY PLAYERS IN 2016 (%)


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