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NORTH AMERICA TEXT ANALYTICS MARKET FORECAST 2017-2025

July 2017 | 76 pages | ID: ND7B01E3B2BEN
Inkwood Research

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KEY FINDINGS

The North American Text Analytics Market is currently dominating the world market by accounting for the largest share. The North America market was valued at $1020 million in the year 2016. It is expected to grow at a CAGR of 12.93% during the forecast period of 2017-2025 and reach $3158 million by the end of 2025.

MARKET INSIGHTS

The market segmentation is done by the type of deployment, type of end users, type of technology and the type of applications. By deployment type, the market is further segmented as cloud and on-premise. The end-users include banking, financial services & insurance (BFSI), government, healthcare & pharmaceuticals etc. The technology segment is further divided into descriptive data analysis, text clustering, web mining and predictive analysis. The applications for this market can be found in customer relationship management (CRM), predictive analysis, competitive intelligence, fraud detection and brand reputation

COMPETITIVE INSIGHTS

Merger & acquisition is the primary strategy in the market to gain a competitive edge over other companies.

Some of the major players in the market include:
  • Jive Software
  • Konstanz Information Miner (Knime)
  • Lexalytics Inc.
  • Microsoft Corporation
  • Sap SE
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. NORTH AMERICA
  7.1.1. KEY DRIVERS
    7.1.1.1. INCREASING CLOUD TRAFFIC
    7.1.1.2. INTERNET PENETRATION RATE
  7.1.2. REGIONAL ANALYSIS
    7.1.2.1. UNITED STATES
    7.1.2.2. CANADA

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. PR
  8.3.21. EDIXION SOFTWARE (ACQUIRED BY GREENWAVE SYSTEMS)
  8.3.22. RAPIDMINER INC
  8.3.23. SAP SE
  8.3.24. SAS INSTITUTE
  8.3.25. THE INFORMATION BUS COMPANY (TIBCO) SOFTWARE INC.
  8.3.26. UNMETRIC

LIST OF TABLES

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

LIST OF FIGURES

FIGURE 1: NORTH AMERICA 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: UNITED STATES BASED INSURERS COMPLYING WITH RISE IN CLAIMS DUE TO LACK OF PREDICTIVE ANALYTICS
FIGURE 5: CURRENT USE BY RESEARCHERS AND FUTURE REQUIREMENT OF LANGUAGE BASED TEXT ANALYTICS TOOLS IN THE YEAR 2016
FIGURE 6: OVERALL USER EXPERIENCE OF TEXT ANALYTICS SOFTWARE USERS IN THE UNITED STATES
FIGURE 7: PERCENTAGE OF SATISFIED USERS OF SIRI, CORTANA AND GOOGLE NOW FOR THE YEAR 2016
FIGURE 8: USE OF PREDICTIVE ANALYSIS IN THE YEAR 2016
FIGURE 9: RESOURCE COST INCURRED BY RESEARCHERS NORTH AMERICALY IN THE YEAR 2016
FIGURE 10: USE OF TEXT ANALYTICS AND MINING TOOLS IN PUBLISHING JOURNAL LITERATURE FROM 2008-2014
FIGURE 11: NORTH AMERICA TEXT ANALYTICS MARKET, BY CUSTOMER RELATIONSHIP MANAGEMENT (CRM), 2017-2025 (IN $ MILLION)
FIGURE 12: NORTH AMERICA TEXT ANALYTICS MARKET, BY PREDICTIVE ANALYSIS, 2017-2025 (IN $ MILLION)
FIGURE 13: NORTH AMERICA TEXT ANALYTICS MARKET, BY COMPETITIVE INTELLIGENCE, 2017-2025 (IN $ MILLION)
FIGURE 14: NORTH AMERICA TEXT ANALYTICS MARKET, BY FRAUD DETECTION, 2017-2025 (IN $ MILLION)
FIGURE 15: NORTH AMERICA TEXT ANALYTICS MARKET, BY BRAND REPUTATION, 2017-2025 (IN $ MILLION)
FIGURE 16: ENTERPRISE APPLICATION OF PUBLIC AND PRIVATE CLOUD
FIGURE 17: NORTH AMERICA TEXT ANALYTICS MARKET, BY CLOUD DEPLOYMENT, 2017-2025 (IN $ MILLION)
FIGURE 18: NORTH AMERICA TEXT ANALYTICS MARKET, BY ON-PREMISE DEPLOYMENT, 2017-2025 (IN $ MILLION)
FIGURE 19: NORTH AMERICA TEXT ANALYTICS MARKET, BY BANKING, FINANCIAL SERVICES & INSURANCE, 2017-2025 (IN $ MILLION)
FIGURE 20: NORTH AMERICA TEXT ANALYTICS MARKET, BY GOVERNMENT, 2017-2025 (IN $ MILLION)
FIGURE 21: NORTH AMERICA TEXT ANALYTICS MARKET, BY RETAIL, 2017-2025 (IN $ MILLION)
FIGURE 22: NORTH AMERICA TEXT ANALYTICS MARKET, BY HEALTHCARE & PHARMACEUTICALS MARKET, 2017-2025 (IN $ MILLION)
FIGURE 23: NORTH AMERICA TEXT ANALYTICS MARKET, BY TELECOMMUNICATION, 2017-2025 (IN $ MILLION)
FIGURE 24: NORTH AMERICA TEXT ANALYTICS MARKET, BY FAST MOVING CONSUMER GOODS (FMCG), 2017-2025 (IN $ MILLION)
FIGURE 25: NORTH AMERICA TEXT ANALYTICS MARKET, BY OTHER END USERS, 2017-2025 (IN $ MILLION)
FIGURE 26: TEXT ANALYTICS TECHNOLOGY MODEL
FIGURE 27: NORTH AMERICA TEXT ANALYTICS MARKET, BY DESCRIPTIVE DATA ANALYSIS, 2017-2025 (IN $ MILLION)
FIGURE 28: NORTH AMERICA TEXT ANALYTICS MARKET, BY TEXT CLUSTERING, 2017-2025 (IN $ MILLION)
FIGURE 29: NORTH AMERICA TEXT ANALYTICS MARKET, BY WEB MINING, 2017-2025 (IN $ MILLION)
FIGURE 30: NORTH AMERICA TEXT ANALYTICS MARKET, BY PREDICTIVE ANALYSIS, 2017-2025 (IN $ MILLION)
FIGURE 31: NORTH AMERICA TEXT ANALYTICS MARKET SHARE, BY COUNTRY, 2016 & 2025 (IN %)
FIGURE 32: NORTH AMERICA CLOUD TRAFFIC 2015-2016
FIGURE 33: AVERAGE INTERNET PENETRATION RATE IN 2016
FIGURE 34: UNITED STATES TEXT ANALYTICS MARKET, 2017-2025 (IN $ MILLION)
FIGURE 35: BIG DATA ANALYTICS MARKET IN CANADA, 2016-2020 (IN $ MILLION)
FIGURE 36: CANADA TEXT ANALYTICS MARKET, 2017-2025 (IN $ MILLION)
FIGURE 37: MARKET SHARE ANALYSIS OF KEY PLAYERS IN 2016 (%)


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