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  • Global Text Analytics Market Analysis, Size, Share, Growth, Trends and Forecast to 2024

    (I-SoftwareNews.Com, February 17, 2018 ) Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “Text Analytics Market“

    Request a Free Sample Report @ https://www.mrrse.com/sample/1648

    According to a recent study published by the market research company, the worldwide Text Analytics Market is dominated by a number of data and technology giants such as Google, Apple, IBM and Microsoft. These leading names in the industry are heavily investing toward research and development in the arena of text analytics for the past couple of years, and bringing about innovative products at a swift rate. The market is also being catered to some other players such as SAP SE, Attensity Group Inc., Angoss Software Corporation and RapidMiner Inc.

    According to the report, the global market for text analytics is expected to exhibit a vigorous 17.6% CAGR over the forecast duration between 2015 and 2024. The market was valued at US$2.82 bn in the year 2015, and is anticipated to reach US$12.16 bn by the end of 2024.

    Due to its Flexibility, Cloud Based Solutions Segment to get a Boost

    Predominantly, enterprises prefer use of on-premise solutions on account of the safety and added security that this segment offers. Keeping business critical data secured is important for most IT and related companies. Hence cloud solutions being cost effective and flexible are gaining traction in the industry. There is a huge number of enterprises that want to shift toward use of cloud based solution for their data, and the market participants can turn this demand into fruitful opportunity.

    Have any Query? Ask Our Expert @ https://www.mrrse.com/enquiry/1648

    In 2015, almost 84% of the consumers of text analytics solutions opted for on-premise deployment, and the dominance of the segment is expected to carry on over the period of forecast. Meanwhile, a large number of are predicted to show interest in cloud based solutions, which will drive the popularity of the cloud-based deployment market segment.

    Popularity of Social Media to Offer Rich Market Opportunity

    Web-based social networking has caught the consideration of purchasers, attributable to the benefits of social media, online shopping and communication. These components empowered organizations to embrace text analytics and comprehend consumer conduct designs for various products. Further, text analytics likewise empowers organizations to assemble and translate information from online networking for arranging effective advertising efforts.

    This technology is still in its incipient stage, and creating compelling information, its collection and metadata service approaches may help enhance the innovation adequacy, and propel the text analytics showcase development over the coming years. Furthermore, growing demand of text analytics instruments into analytics programming devices to enable enterprises to break down information is likewise anticipated to fuel the rise of the overall market. However, exorbitant spending on investigative programming and absence of awareness among people may represent a test to the text analytics market growth.

    View Complete Report with Table of Content @ https://www.mrrse.com/text-analytics-market

    The global text analytics market is segmented as follows:

    Text analytics Market: By Deployment Type

    On-Premise
    Cloud-Based
    Text Analytics Market: By Applications

    Data Analysis & Forecasting
    Fraud/Spam Detection
    Intelligence & Law Enforcement
    Customer Relationship Management (CRM)

    Text Analytics Market: By End-User

    Military and Defense
    Manufacturing
    BFSI
    Retail
    Healthcare
    IT and Telecom
    Entertainment and Media
    Others (Automotive and Transportation and Hospitality)

    Text Analytics Market: By Region

    North America
    U.S.
    Rest of North America
    Europe
    EU7
    CIS
    Rest of Europe
    Asia Pacific
    Japan
    China
    South Asia
    Australasia
    Rest of APAC
    Middle East & Africa
    GCC
    South Africa
    Rest of Middle East & Africa
    Latin America
    Brazil
    Rest of Latin America

    Check Discount on This Report @ https://www.mrrse.com/checkdiscount/1648

    About Market Research Reports Search Engine (MRRSE)

    Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.

    MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.

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