Text Analytics Market Forecast, Trends & Industry Analysis, 2016-2024 Text Analytics Market | Page 7

Text Analytics Market Key Findings
 Fraud detection is the major application of text analytics
witnessing a compound annual growth rate of 30.4%,
over the forecast period 2017-2024.
 The need to generate insights from the data gathered
from financial transactions and customer feedbacks is
expected to foster the retail and BFSI sectors.
 The overall usage of text analytics tools and awareness
about the text analytics technology is limited, especially in
APAC region, restricting the global market.
 North America region led the global text analytics market
by holding 2/5th of the total market share.
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