Text Analytics Market Forecast, Trends & Industry Analysis, 2016-2024 Text Analytics Market | Page 4

Expensive Text Analytics Software
Depending on the version and the category of analysis, the
cost of the tools used for analytics purposes varies. The tools
designed are developed from detailed analysis of
homogenously generated data due to which the software is
quite expensive. Emerging markets such as India, China, and
Japan do not use such expensive tools for the analysis
purpose due to their low economies. Moreover, government
institutions also avoid the use of such analytical tools due to
its high cost. This restricts the growth of text analytics
market, which in turn negatively affects the global text
analytics market.