The Text Analytics Market size was valued at USD 8.12 billion in 2022 and is projected to reach USD 29.80 billion in 2030 with a growing CAGR of 17.65% Over the Forecast Period of 2023-2030.
The increasing adoption of the Internet of Things, cloud computing, and big data analytics is expected to fuel the demand for text analytics. The ability of text analysis to provide real-time insights that assist businesses in analyzing their current strategies is anticipated to revolutionize their operations. Moreover, text analytics is proving invaluable to industries such as retail, travel and tourism, healthcare, and automotive, among others, by enabling them to maintain efficient customer services through the analysis of customer experiences conveyed through emails, queries, social media platforms, and other channels.
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Unstructured text is converted into structured data through the process of text analytics, which aids in the discovery of significant trends and fresh perceptions. It operates by disassembling words and sentences into their constituent parts, analyzing each part individually using sophisticated software rules and machine learning algorithms.
Drivers
The growing demand for social media analysis and brand awareness is likely to drive the demand for text analytics solutions.
Additionally, the increasing focus on competitive intelligence and efficient customer services is expected to boost the text analytics market.
Business predictive analytics
Considering the disruptive evolution of the Internet of Things (IoT) and big data technologies, predictive analytics will continue to have a considerable rise and remain as one of the major reasons driving the overall growth of the text analytics market. Predictive analytics locates potential outcomes and creates predictive models using historical data, statistical algorithms, and machine-to-machine (M2M) learning. Leading businesses have discovered that by integrating potent text analytics software into their current processes, they would be able to immediately combine all these elements, map a sizable amount of data sets, and include valuable third-party data to improve the analysis and results. By employing sophisticated processing and rich data visualization tools to visually witness outcomes and situations, would assist businesses in improving the output of the prediction models. Text analytics offers predictive analytics with precise sentiment data analysis, which may uncover spatial relationships or trends that would otherwise be challenging to find. By analyzing both the present and historical data to forecast future results, text analytics tools help users make crucial business decisions. The need for predictive analytics among enterprises is anticipated to be a significant driving force for the text analytics market as a result of these factors.
Restrains
Lack of knowledge, qualified personnel, and additional operational difficulties
The general use of text analytics will rise as a direct result of raising end-user understanding of how text analytics can transform enormous data sets into insightful information. Due to the complexity of big data, only a few text analytics software providers are present on the market and provide text analytics solutions. Today's software provides big data analytics and enables real-time analysis with a user-friendly interface thanks to technological advancements. Even today, a sizable portion of information accessible both inside and outside of organizational boundaries still consists of text-based material. Big data and text analytics will help firms examine the crucial data that is crucial to their decision-making processes but may have gone untapped up until now. The usage of location analytics software and services is anticipated to rise, particularly in the growing economies of APAC and Latin America, as clients become more aware of the fundamentals of the technology and its advantages.
Opportunities
Enhanced customer service and competitive intelligence are expected to provide lucrative opportunities for market expansion during the forecast period.
Challenges
Growing worries about data privacy could impede business expansion.
Economic disruptions caused by the war, such as sanctions and trade restrictions, can affect the budgets of organizations worldwide. This could result in reduced investments in technology, including text analytics solutions.
The war can lead to changes in the type and volume of text data available for analysis. For instance, there might be a surge in news articles, social media posts, and other textual sources related to the conflict. Companies offering text analytics services may need to adapt to these shifts in data sources. The Russia-Ukraine war can generate strong emotions and public sentiment worldwide. Organizations and governments may seek more advanced sentiment analysis tools to monitor and understand public opinion, potentially leading to increased demand for sentiment analysis solutions within the text analytics market. Governments may tighten regulations related to data security and privacy in response to the conflict, which could impact how text analytics solutions are used and deployed. Companies may need to ensure compliance with evolving regulatory requirements. If the war disrupts the supply chain of hardware components or software services, it could affect the availability and cost of text analytics solutions. Companies may face challenges in acquiring necessary hardware or software resources. The war could accelerate trends in remote work and collaboration tools. Text analytics solutions that support remote work and virtual collaboration may see increased demand.
Heightened geopolitical tensions can lead to an increase in cyberattacks and cyber threats. Companies may invest more in cybersecurity solutions that incorporate text analytics to monitor and mitigate these threats.
Impact of Recession
Companies may delay or postpone their plans to implement text analytics solutions or renew existing contracts with text analytics providers due to uncertainty about their financial stability during a recession. This can lead to a slowdown in new sales and contract renewals. The impact of a recession on the Text Analytics Market can vary by industry. Some industries, such as healthcare and finance, may continue to invest in text analytics to gain insights into customer behavior, compliance, and fraud detection, even during economic downturns. Others, like retail and hospitality, may reduce spending in this area. Companies may shift their focus from growth-oriented analytics projects to cost-cutting and risk-mitigation efforts during a recession. Text analytics may still be used, but the priorities for its application may change. For example, organizations may use text analytics to monitor customer sentiment and respond to changing customer needs more effectively. Government agencies and public sector organizations may continue to invest in text analytics to improve efficiency, enhance security, and monitor public sentiment during times of crisis, potentially offsetting some of the decline in private-sector demand. Companies that offer text analytics solutions may need to innovate and adapt their offerings to cater to recession-specific needs. For example, they may focus on cost-effective solutions, offer flexible pricing models, or provide tools that help organizations navigate economic uncertainty.
By Component
Solution
Services
By Enterprise Size
SMEs
Large Enterprises
By Application
Competitive Intelligence
Customer Relationship management
Predictive Analytics
Risk Management
Social Media Analysis
Document management
Others
By Deployment
Cloud
On-premises
By End-user
BFSI
Retail
Government
Healthcare
Manufacturing
IT & Telecom
Media and Entertainment
Travel and Hospitality
Others
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North America is projected to dominate the market in terms of revenue during the forecast period due to its early adoption of advanced technologies. The region is actively embracing cutting-edge technologies like big data, artificial intelligence, the Internet of things, and cloud computing. This widespread adoption is expected to drive the demand for text analytics. Specifically, the United States is anticipated to experience rapid growth in this field, fueled by the increasing recognition of competitive intelligence tools and the importance of customer service. The intensifying competition in industries such as BFSI, healthcare, and retail is also contributing to the rising demand for text analytics in the country.
Similarly, Europe is gaining momentum in the text analytics market, primarily due to the growth of industries like healthcare, retail, media, and entertainment. The region is witnessing a surge in competition among small and medium-sized enterprises, which is further driving the demand for text analytics. Due to the increased use of smart technology, the Internet of things, and artificial intelligence, among other things, Asia Pacific is expanding quickly. Significant amounts of organized and unstructured data are being produced by these technologies. There are many people using social media in countries like China, India, and Southeast Asia. This will likely lead to an increase in the sharing of digital data on social media platforms. The enormous need for 5G, cloud, and linked technology will also probably accelerate the uptake of text analytics. The Middle East and Latin America are also anticipated to experience consistent growth during the predicted period. The popularity of text analytics is projected to increase due to the areas' rising need for affordable data analysis solutions.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The prominent market players are Microsoft Corporation, Luminoso Technologies, Inc., HP Enterprise, IBM Corporation, Knime.Com AG, RapidMiner, Inc., SAS Institute, Inc., OpenText Corporation, Indium Software, Bitext Innovations S.L., Infegy, Inc., Brandwatch, Lexalytics, Inc., Netbase Solutions, Clarabridge, SAP SE, Megaputer Intelligence, Inc., and others in a final report.
Microsoft Corporation announced the availability of its text analytics for healthcare providers during the COVID-19 crises in August 2020. It is anticipated that it will help the government, healthcare professionals, and researchers gain understanding from the unstructured medical data to address the effects of the coronavirus.
Microsoft announced a fresh multibillion-dollar investment in Open AI, the company that makes ChatGPT, in January 2023. Unlike chatbots, ChatGPT automatically generates text based on written prompts in a more artistic and sophisticated manner. The company will expedite AI advancements with this financing, and both companies will commercialize cutting-edge technologies.
Invenio and Tntra have teamed up to create a platform that provides thorough data analysis on a company as of November 2022. Tntra provided Invenio with full engineering support and cooperation throughout the procedure. Invenio can provide data on seven areas of the business, including false news identification, subject categorization, dynamic data extraction, article summaries, sentiment analysis, and keyword extraction, thanks to Tantra's feeds, knowledge graphs, intelligent text extraction, and analytics.
| Report Attributes | Details |
| Market Size in 2022 | US$ 8.12 Billion |
| Market Size by 2030 | US$ 29.80 Billion |
| CAGR | CAGR of 17.65 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Component (Solution, Services) • By Enterprise Size (SMEs, Large Enterprises) • By Application (Competitive Intelligence, Customer Relationship Management, Predictive Analytics, Fraud Detection, Risk Management, Social Media Analysis, Workforce management, Document management, Others) • By Deployment (Cloud, On-premises) • By End-user (BFSI, Retail, Government, Healthcare, Manufacturing, IT & Telecom, Media and Entertainment, Travel and Hospitality, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Microsoft Corporation, Luminoso Technologies, Inc., HP Enterprise, IBM Corporation, Knime.Com AG, RapidMiner, Inc., SAS Institute, Inc., OpenText Corporation, Indium Software, Bitext Innovations S.L., Infegy, Inc., Brandwatch, Lexalytics, Inc., Netbase Solutions, Clarabridge, SAP SE, Megaputer Intelligence, Inc. |
| Key Drivers | • The growing demand for social media analysis and brand awareness is likely to drive the demand for text analytics solutions. • Additionally, the increasing focus on competitive intelligence and efficient customer services is expected to boost the text analytics market. • Business predictive analytics |
| Market Opportunity | • Enhanced customer service and competitive intelligence are expected to provide lucrative opportunities for market expansion during the forecast period. |
Ans: The market is expected to grow to USD 29.80 billion by the forecast period of 2030.
Ans: The prominent market players are Microsoft Corporation, Luminoso Technologies, Inc., HP Enterprise, IBM Corporation, Knime.Com AG, RapidMiner, Inc., SAS Institute, Inc., OpenText Corporation, Indium Software, Bitext Innovations S.L., Infegy, Inc., Brandwatch, Lexalytics, Inc., Netbase Solutions, Clarabridge, SAP SE, Megaputer Intelligence, Inc., and others in a final report
Ans: The CAGR of the Text Analytics Market for the forecast period 2022-2030 is 17.65%.
Ans: Yes, you can buy reports in bulk quantity as per your requirements. Check Here for more details.
Ans: Enhanced customer service and competitive intelligence are expected to provide lucrative opportunities for market expansion during the forecast period.
Table of Contents
1.Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Text Analytics Market Segmentation, By Component
8.1 Solution
8.2 Services
9. Text Analytics Market Segmentation, By Enterprise Size
9.1 SMEs
9.2 Large Enterprises
10. Text Analytics Market Segmentation, By Application
10.1 Competitive Intelligence
10.2 Customer Relationship Management
10.3 Predictive Analytics
10.4 Fraud detection
10.5 Risk Management
10.6 Social Media Analysis
10.7 Workforce management
10.8 Document management
10.9 Others
11. Text Analytics Market Segmentation, By Deployment
11.1 Cloud
11.2 On-premises
12. Text Analytics Market Segmentation, By End-user
12.1 BFSI
12.2 Retail
12.3 Government
12.4 Healthcare
12.5 Manufacturing
12.6 IT & Telecom
12.7 Media and Entertainment
12.8 Travel and Hospitality
12.9 Others
13 Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 North America Text Analytics Market By Country
13.2.2 North America Text Analytics Market By component
13.2.3 North America Text Analytics Market By Enterprise Size
13.2.4 North America Text Analytics Market By Application
13.2.5 North America Text Analytics Market By Deployment
13.2.6 North America Text Analytics Market By End-user
13.2.7 USA
13.2.7.1 USA Text Analytics Market By component
13.2.7.2 USA Text Analytics Market By Enterprise Size
13.2.7.3 USA Text Analytics Market By Application
13.2.7.4 USA Text Analytics Market By Deployment
13.2.7.5 USA Text Analytics Market By End-user
13.2.8 Canada
13.2.8.1 Canada Text Analytics Market By component
13.2.8.2 Canada Text Analytics Market By Enterprise Size
13.2.8.3 Canada Text Analytics Market By Application
13.2.8.4 Canada Text Analytics Market By Deployment
13.2.8.5 Canada Text Analytics Market By End-user
13.2.9 Mexico
13.2.9.1 Mexico Text Analytics Market By Component
13.2.9.2 Mexico Text Analytics Market By Enterprise Size
13.2.9.3 Mexico Text Analytics Market By Application
13.2.9.4 Mexico Text Analytics Market By Deployment
13.2.9.5 Mexico Text Analytics Market By End-user
13.3 Europe
13.3.1 Eastern Europe
13.3.1.1 Eastern Europe Text Analytics Market By Country
13.3.1.2 Eastern Europe Text Analytics Market By component
13.3.1.3 Eastern Europe Text Analytics Market By Enterprise Size
13.3.1.4 Eastern Europe Text Analytics Market By Application
13.3.1.5 Eastern Europe Text Analytics Market By Deployment
13.3.1.6 Eastern Europe Text Analytics Market By End-user
13.3.1.7 Poland
13.3.1.7.1 Poland Text Analytics Market By component
13.3.1.7.2 Poland Text Analytics Market By Enterprise Size
13.3.1.7.3 Poland Text Analytics Market By Application
13.3.1.7.4 Poland Text Analytics Market By Deployment
13.3.1.7.5 Poland Text Analytics Market By End-user
13.3.1.8 Romania
13.3.1.8.1 Romania Text Analytics Market By component
13.3.1.8.2 Romania Text Analytics Market By Enterprise Size
13.3.1.8.3 Romania Text Analytics Market By Application
13.3.1.8.4 Romania Text Analytics Market By Deployment
13.3.1.8.5 Romania Text Analytics Market By End-user
13.3.1.9 Hungary
13.3.1.9.1 Hungary Text Analytics Market By component
13.3.1.9.2 Hungary Text Analytics Market By Enterprise Size
13.3.1.9.3 Hungary Text Analytics Market By Application
13.3.1.9.4 Hungary Text Analytics Market By Deployment
13.3.1.9.5 Hungary Text Analytics Market By End-user
13.3.1.10 Turkey
13.3.1.10.1 Turkey Text Analytics Market By component
13.3.1.10.2 Turkey Text Analytics Market By Enterprise Size
13.3.1.10.3 Turkey Text Analytics Market By Application
13.3.1.10.4 Turkey Text Analytics Market By Deployment
13.3.1.10.5 Turkey Text Analytics Market By End-user
13.3.1.11 Rest of Eastern Europe
13.3.1.11.1 Rest of Eastern Europe Text Analytics Market By component
13.3.1.11.2 Rest of Eastern Europe Text Analytics Market By Enterprise Size
13.3.1.11.3 Rest of Eastern Europe Text Analytics Market By Application
13.3.1.11.4 Rest of Eastern Europe Text Analytics Market By Deployment
13.3.1.11.5 Rest of Eastern Europe Text Analytics Market By End-user
13.3.2 Western Europe
13.3.2.1 Western Europe Text Analytics Market By Country
13.3.2.2 Western Europe Text Analytics Market By component
13.3.2.3 Western Europe Text Analytics Market By Enterprise Size
13.3.2.4 Western Europe Text Analytics Market By Application
13.3.2.5 Western Europe Text Analytics Market By Deployment
13.3.2.6 Western Europe Text Analytics Market By End-user
13.3.2.7 Germany
13.3.2.7.1 Germany Text Analytics Market By component
13.3.2.7.2 Germany Text Analytics Market By Enterprise Size
13.3.2.7.3 Germany Text Analytics Market By Application
13.3.2.7.4 Germany Text Analytics Market By Deployment
13.3.2.7.5 Germany Text Analytics Market By End-user
13.3.2.8 France
13.3.2.8.1 France Text Analytics Market By component
13.3.2.8.2 France Text Analytics Market By Enterprise Size
13.3.2.8.3 France Text Analytics Market By Application
13.3.2.8.4 France Text Analytics Market By Deployment
13.3.2.8.5 France Text Analytics Market By End-user
13.3.2.9 UK
13.3.2.9.1 UK Text Analytics Market By component
13.3.2.9.2 UK Text Analytics Market By Enterprise Size
13.3.2.9.3 UK Text Analytics Market By Application
13.3.2.9.4 UK Text Analytics Market By Deployment
13.3.2.9.5 UK Text Analytics Market By End-user
13.3.2.10 Italy
13.3.2.10.1 Italy Text Analytics Market By component
13.3.2.10.2 Italy Text Analytics Market By Enterprise Size
13.3.2.10.3 Italy Text Analytics Market By Application
13.3.2.10.4 Italy Text Analytics Market By Deployment
13.3.2.10.5 Italy Text Analytics Market By End-user
13.3.2.11 Spain
13.3.2.11.1 Spain Text Analytics Market By component
13.3.2.11.2 Spain Text Analytics Market By Enterprise Size
13.3.2.11.3 Spain Text Analytics Market By Application
13.3.2.11.4 Spain Text Analytics Market By Deployment
13.3.2.11.5 Spain Text Analytics Market By End-user
13.3.2.12 The Netherlands
13.3.2.12.1 Netherlands Text Analytics Market By component
13.3.2.12.2 Netherlands Text Analytics Market By Enterprise Size
13.3.2.12.3 Netherlands Text Analytics Market By Application
13.3.2.12.4 Netherlands Text Analytics Market By Deployment
13.3.2.12.5 Netherlands Text Analytics Market By End-user
13.3.2.13 Switzerland
13.3.2.13.1 Switzerland Text Analytics Market By component
13.3.2.13.2 Switzerland Text Analytics Market By Enterprise Size
13.3.2.13.3 Switzerland Text Analytics Market By Application
13.3.2.13.4 Switzerland Text Analytics Market By Deployment
13.3.2.13.5 Switzerland Text Analytics Market By End-user
13.3.2.14 Austria
13.3.2.14.1 Austria Text Analytics Market By component
13.3.2.14.2 Austria Text Analytics Market By Enterprise Size
13.3.2.14.3 Austria Text Analytics Market By Application
13.3.2.14.4 Austria Text Analytics Market By Deployment
13.3.2.14.5 Austria Text Analytics Market By End-user
13.3.2.15 Rest of Western Europe
13.3.2.15.1 Rest of Western Europe Text Analytics Market By component
13.3.2.15.2 Rest of Western Europe Text Analytics Market By Enterprise Size
13.3.2.15.3 Rest of Western Europe Text Analytics Market By Application
13.3.2.15.4 Rest of Western Europe Text Analytics Market By Deployment
13.3.2.15.5 Rest of Western Europe Text Analytics Market By End-user
13.4 Asia-Pacific
13.4.1 Asia Pacific Text Analytics Market By Country
13.4.2 Asia Pacific Text Analytics Market By component
13.4.3 Asia Pacific Text Analytics Market By Enterprise Size
13.4.4 Asia Pacific Text Analytics Market By Application
13.4.5 Asia Pacific Text Analytics Market By Deployment
13.4.6 Asia Pacific Text Analytics Market By End-user
13.4.7 China
13.4.7.1 China Text Analytics Market By component
13.4.7.2 China Text Analytics Market By Enterprise Size
13.4.7.3 China Text Analytics Market By Application
13.4.7.4 China Text Analytics Market By Deployment
13.4.7.5 China Text Analytics Market By End-user
13.4.8 India
13.4.8.1 India Text Analytics Market By component
13.4.8.2 India Text Analytics Market By Enterprise Size
13.4.8.3 India Text Analytics Market By Application
13.4.8.4 India Text Analytics Market By Deployment
13.4.8.5 India Text Analytics Market By End-user
13.4.9 Japan
13.4.9.1 Japan Text Analytics Market By component
13.4.9.2 Japan Text Analytics Market By Enterprise Size
13.4.9.3 Japan Text Analytics Market By Application
13.4.9.4 Japan Text Analytics Market By Deployment
13.4.9.5 Japan Text Analytics Market By End-user
13.4.10 South Korea
13.4.10.1 South Korea Text Analytics Market By component
13.4.10.2 South Korea Text Analytics Market By Enterprise Size
13.4.10.3 South Korea Text Analytics Market By Application
13.4.10.4 South Korea Text Analytics Market By Deployment
13.4.10.5 South Korea Text Analytics Market By End-user
13.4.11 Vietnam
13.4.11.1 Vietnam Text Analytics Market By component
13.4.11.2 Vietnam Text Analytics Market By Enterprise Size
13.4.11.3 Vietnam Text Analytics Market By Application
13.4.11.4 Vietnam Text Analytics Market By Deployment
13.4.11.5 Vietnam Text Analytics Market By End-user
13.4.12 Singapore
13.4.12.1 Singapore Text Analytics Market By component
13.4.12.2 Singapore Text Analytics Market By Enterprise Size
13.4.12.3 Singapore Text Analytics Market By Application
13.4.12.4 Singapore Text Analytics Market By Deployment
13.4.12.5 Singapore Text Analytics Market By End-user
13.4.13 Australia
13.4.13.1 Australia Text Analytics Market By component
13.4.13.2 Australia Text Analytics Market By Enterprise Size
13.4.13.3 Australia Text Analytics Market By Application
13.4.13.4 Australia Text Analytics Market By Deployment
13.4.13.5 Australia Text Analytics Market By End-user
13.4.14 Rest of Asia-Pacific
13.4.14.1 APAC Text Analytics Market By component
13.4.14.2 APAC Text Analytics Market By Enterprise Size
13.4.14.3 APAC Text Analytics Market By Application
13.4.14.4 APAC Text Analytics Market By Deployment
13.4.14.5 APAC Text Analytics Market By End-user
13.5 The Middle East & Africa
13.5.1 Middle East
13.5.1.1 Middle East Text Analytics Market By country
13.5.1.2 Middle East Text Analytics Market By component
13.5.1.3 Middle East Text Analytics Market By Enterprise Size
13.5.1.4 Middle East Text Analytics Market By Application
13.5.1.5 Middle East Text Analytics Market By Deployment
13.5.1.6 Middle East Text Analytics Market By End-user
13.5.1.7 UAE
13.5.1.7.1 UAE Text Analytics Market By component
13.5.1.7.2 UAE Text Analytics Market By Enterprise Size
13.5.1.7.3 UAE Text Analytics Market By Application
13.5.1.7.4 UAE Text Analytics Market By Deployment
13.5.1.7.5 UAE Text Analytics Market By End-user
13.5.1.8 Egypt
13.5.1.8.1 Egypt Text Analytics Market By component
13.5.1.8.2 Egypt Text Analytics Market By Enterprise Size
13.5.1.8.3 Egypt Text Analytics Market By Application
13.5.1.8.4 Egypt Text Analytics Market By Deployment
13.5.1.8.5 Egypt Text Analytics Market By End-user
13.5.1.9 Saudi Arabia
13.5.1.9.1 Saudi Arabia Text Analytics Market By component
13.5.1.9.2 Saudi Arabia Text Analytics Market By Enterprise Size
13.5.1.9.3 Saudi Arabia Text Analytics Market By Application
13.5.1.9.4 Saudi Arabia Text Analytics Market By Deployment
13.5.1.9.5 Saudi Arabia Text Analytics Market By End-user
13.5.1.10 Qatar
13.5.1.10.1 Qatar Text Analytics Market By component
13.5.1.10.2 Qatar Text Analytics Market By Enterprise Size
13.5.1.10.3 Qatar Text Analytics Market By Application
13.5.1.10.4 Qatar Text Analytics Market By Deployment
13.5.1.10.5 Qatar Text Analytics Market By End-user
13.5.1.11 Rest of Middle East
13.5.1.11.1 Rest of Middle East Text Analytics Market By component
13.5.1.11.2 Rest of Middle East Text Analytics Market By Enterprise Size
13.5.1.11.3 Rest of Middle East Text Analytics Market By Application
13.5.1.11.4 Rest of Middle East Text Analytics Market By Deployment
13.5.1.11.5 Rest of Middle East Text Analytics Market By End-user
13.5.2 Africa
13.5.2.1 Africa Text Analytics Market By Country
13.5.2.2 Africa Text Analytics Market By component
13.5.2.3 Africa Text Analytics Market By Enterprise Size
13.5.2.4 Africa Text Analytics Market By Application
13.5.2.5 Africa Text Analytics Market By Deployment
13.5.2.6 Africa Text Analytics Market By End-user
13.5.2.7 Nigeria
13.5.2.7.1 Nigeria Text Analytics Market By component
13.5.2.7.2 Nigeria Text Analytics Market By Enterprise Size
13.5.2.7.3 Nigeria Text Analytics Market By Application
13.5.2.7.4 Nigeria Text Analytics Market By Deployment
13.5.2.7.5 Nigeria Text Analytics Market By End-user
13.5.2.8 South Africa
13.5.2.8.1 South Africa Text Analytics Market By component
13.5.2.8.2 South Africa Text Analytics Market By Enterprise Size
13.5.2.8.3 South Africa Text Analytics Market By Application
13.5.2.8.4 South Africa Text Analytics Market By Deployment
13.5.2.8.5 South Africa Text Analytics Market By End-user
13.5.2.9 Rest of Africa
13.5.2.9.1 Rest of Africa Text Analytics Market By component
13.5.2.9.2 Rest of Africa Text Analytics Market By Enterprise Size
13.5.2.9.3 Rest of Africa Text Analytics Market By Application
13.5.2.9.4 Rest of Africa Text Analytics Market By Deployment
13.5.2.9.5 Rest of Africa Text Analytics Market By End-user
13.6 Latin America
13.6.1 Latin America Text Analytics Market By Country
13.6.2 Latin America Text Analytics Market By component
13.6.3 Latin America Text Analytics Market By Enterprise Size
13.6.4 Latin America Text Analytics Market By Application
13.6.5 Latin America Text Analytics Market By Deployment
13.6.6 Latin America Text Analytics Market By End-user
13.6.7 Brazil
13.6.7.1 Brazil Text Analytics Market By component
13.6.7.2 Brazil Text Analytics Market By Enterprise Size
13.6.7.3 Brazil Text Analytics Market By Application
13.6.7.4 Brazil Text Analytics Market By Deployment
13.6.7.5 Brazil Text Analytics Market By End-user
13.6.8 Argentina
13.6.8.1 Argentina Text Analytics Market By component
13.6.8.2 Argentina Text Analytics Market By Enterprise Size
13.6.8.3 Argentina Text Analytics Market By Application
13.6.8.4 Argentina Text Analytics Market By Deployment
13.6.8.5 Argentina Text Analytics Market By End-user
13.6.9 Colombia
13.6.9.1 Colombia Text Analytics Market By component
13.6.9.2 Colombia Text Analytics Market By Enterprise Size
13.6.9.3 Colombia Text Analytics Market By Application
13.6.9.4 Colombia Text Analytics Market By Deployment
13.6.9.5 Colombia Text Analytics Market By End-user
13.6.10 Rest of Latin America
13.6.10.1 Rest of Latin America Text Analytics Market By component
13.6.10.2 Rest of Latin America Text Analytics Market By Enterprise Size
13.6.10.3 Rest of Latin America Text Analytics Market By Application
13.6.10.4 Rest of Latin America Text Analytics Market By Deployment
13.6.10.5 Rest of Latin America Text Analytics Market By End-user
14 Company Profile
14.1 Microsoft Corporation
14.1.1 Company Overview
14.1.2 Financials
14.1.3 Product/Services/Offerings
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 Luminoso Technologies, Inc.
14.2.1 Company Overview
14.2.2 Financials
14.2.3 Product/Services/Offerings
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 HP Enterprise.
14.3.1 Company Overview
14.3.2 Financials
14.3.3 Product/Services/Offerings
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 IBM Corporation.
14.4.1 Company Overview
14.4.2 Financials
14.4.3 Product/Services/Offerings
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 Knime.Com AG
14.5.1 Company Overview
14.5.2 Financials
14.5.3 Product/Services/Offerings
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 RapidMiner, Inc.
14.6.1 Company Overview
14.6.2 Financials
14.6.3 Product/Services/Offerings
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 SAS Institute, Inc.
14.7.1 Company Overview
14.7.2 Financials
14.7.3 Product/Services/Offerings
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 OpenText Corporation.
14.8.1 Company Overview
14.8.2 Financials
14.8.3 Product/Services/Offerings
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 Indium Software.
14.9.1 Company Overview
14.9.2 Financials
14.9.3 Product/Services/Offerings
14.9.4 SWOT Analysis
14.9.5 The SNS View
14.10 Bitext Innovations S.L.
14.10.1 Company Overview
14.10.2 Financials
14.10.3 Product/Services/Offerings
14.10.4 SWOT Analysis
14.10.5 The SNS View
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
15.3.1 Industry News
15.3.2 Company News
15.3.3 Mergers & Acquisitions
16. USE Cases and Best Practices
17. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Penetration Testing Market size was valued at US$ 2.16 Billion in 2023 and is projected to reach US$ 5.66 Billion in 2031 with a growing CAGR of 12.8% Over the Forecast Period 2024-2031.
The Online Tutoring Services Market Size was valued at USD 8.84 Billion in 2023 and is expected to reach USD 26.31 Billion by 2031 and grow at a CAGR of 14.6% over the forecast period 2024-2031.
The Open-Source Intelligence (OSINT) market size was valued at USD 7.22 Bn in 2022 and is expected to reach USD 36.93 Bn by 2030, and grow at a CAGR of 22.63% over the forecast period 2023-2030.
The Video Editing Software Market size was valued at USD 2.4 billion in 2023 and is expected to grow to USD 3.89 billion by 2031 and grow at a CAGR of 6% over the forecast period of 2024-2031.
The Fleet Management Software Market size was valued at USD 22.38 billion in 2022 and is expected to grow to USD 80.26 billion by 2030 and grow at a CAGR of 17.31 % over the forecast period of 2023-2030.
The FIDO Authentication Market size was USD 1.3 billion in 2022 and is expected to Reach USD 6.72 billion by 2030 and grow at a CAGR of 22.8 % over the forecast period of 2023-2030.
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