Text Analytics Market Trends, Business Strategies and Opportunities 2 Text Analytics Market Trends, Business Strategies | Page 3

Text Analytics Market to 2025 The increasing popularity of text analytics is credited to the growing adoption of social media platforms and rising inclination directed towards data storage through cloud technology. The growing propensity among companies to implement cloud technology for better understanding of the intrinsic dynamics of the market. The capability of companies to manage risk, curb fraud, plan marketing campaigns, etc. are major drivers of the global text analytics market. However, deficiency of software handling and consumer awareness are limiting the growth of market. Despite of certain hindrance in growth of the market some emerging economies are providing huge potential to support the expansion of the text analytics market in the APAC region. The global text analytics market is bifurcated based on deployment, application, vertical and geography. The deployment segment is further bifurcated into on-premises and Cloud based. These are the two models based on which text analytics software is deployed. The applications is further segmented into predictive analysis, fraud detection, competitive intelligence, etc. majorly in telecommunication and financial sectors. Industries such as BFSI, retail, telecom sector, government, FMCG, pharmaceuticals and healthcare utilize text analytics solution to examine consumer behaviours. The text analytics market is spread across various provinces, namely Europe, North America, Asia Pacific, South America and Middle East and Africa. North America is assessed to behold the largest share in market, trailed by Europe and APAC. MEA and SAM regions are also expected to observe rapid growth in adopting and demonstrating text analytics software. Request for Sample @ http://www.theinsightpartners.com/inquiry/TIPTE100000198 Contact Us : [phone]| E-Mail : [email protected]