Text Analytics Market 2018-2026: Top Manufactures, Size, Applications And Future Prospects

1. Text Analytics Market To Analyze The Opportunities In The Market, 2018-2026 Text Analytics Market study provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players. Text analytic is a process which is used to extract the insights from unstructured text. This insights help organizations to measure the customer expectations, product description, and also to understand the market trend. The increasing high volume and variety of data in feedback channels become one of the major drivers for the growth of text analytics market. The increasing data on feedback channels provides wealth information to the companies to analyze their customer demand. To improve their business process and customer experience, the companies are increasingly turning to text analytics to extract the insights from unstructured text generated by social media post, open-end survey questions and many more. Request Sample Copy @ https://www.coherentmarketinsights.com/insight/request-sample/833 Rising demand for social media content insights has been the major drivers for the growth the global text analytics market. Factors such as stiff competition among giant companies to understand the market trends and meet customers’ expectation are increasingly boosting growth in text analytics market across the world. Text analytics give relevant data which helps in understanding real insights of particular market. Text analytics generally extract data in the form of comments, posts, tweets, photos, and many more, which in turn helps companies to extract the real insights regarding customer experience, product description and others.

2. Moreover, huge amount of data present on social media fuels demand for text analytics in various organizations. Facebook, Instagram, YouTube, LinkedIn are some of the major players of social media industry. For instance, in one minute around 27,000 videos are viewed on You Tube, around 3 million posts are shared on Facebook, nearly 430,000 tweets are posted on Twitter, and around 120 new users are registered on LinkedIn. Hence, increasing data on social media channel fuels the demand of the text analytics market. The global text analytics market was valued at US$ 3,031.5 million in 2016 and is estimated to witness a CAGR of 17.7% over the forecast period. The customer relationship management application holds the dominant position in the text analytics market On the basis of application, the text analytics market is diversified into brand reputation, competitive intelligence, customer relationship management, fraud detection, and predictive analytics. The customer relationship management application held a dominant position in the market in 2016, owing to high focus on customer engagement and increasing adoption by small and medium enterprises, fuels the customer relationship management application in text analytics market. Browse Detail Market Study @ https://www.coherentmarketinsights.com/market-insight/text- analytics-market-83 3 North America holds a dominant position in the global text analytics market According to Coherent Market Insights, North America held the dominant position in the global text analytics market in 2016, valued US$ 1045 million and is projected to reach US$ 4,237.6 million by 2025, with a CAGR of 16.9% over the forecast period. The U.S. and Canada are the major countries driving growth of the text analytics market in North America region. This is owing to factors such as dominance of digitalization and high presence of leading companies, provides the dominant position to the market in the region. Moreover, Asia Pacific text analytic market is projected to exhibit largest CAGR of 19.1% over the forecast period. India, China, and Japan are some of the major countries which drives the growth of this market in Asia Pacific region. This is due to factors such as increasing economy and rising online business industry, which fuels the text analytics market in the region. About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr.Shah Coherent Market Insights

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