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Premium Insight of Text Analytics Market Forecasts to 2020

Press Release   •   Dec 16, 2015 16:40 EST

The text analytics market size is estimated to grow from USD 2.65billion in 2015 to USD 5.93 billion by2020, at a CAGR of 17.5%. Emergence of multilingual text analytics to break the language barrier and an increase in industry-specific text analytics applications are among the factors driving the text analytics market. Furthermore, the market is expected to be driven by opportunities such as the convergence of text analytics with big data and added advantage of predictive analytics. Complete report on Text analytics market spread across 127 pages, profiling 13 companies and supported with 65 tables and 44 figures is now available at http://www.rnrmarketresearch.com/text-analytics-market-by-applications-enterprise-web-based-and-software-data-analysis-search-based-others-users-smbs-enterprises-deployment-model-cloud-on-premise-market-forecasts-and-market-report.html .

Text analytics software is designed to offer valuable insights from organization data, which the company can use to improve decision making. This in turn, will contribute to expand the customer base and generate more revenue for the company. SMBs is expected to grow with highest rate from 2015 to 2020 in the text analytics market. However, large enterprises are expected to contribute the largest market share during the forecast period. North America holds the largest share of the text analytics market; however, MEA is expected to grow at the highest CAGR through the forecast period. In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted. Various key people in Tier 1(55%), Tier 2(20%) and Tier 3(25%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (60%), Director Level (25%) and other executives (15%) from various key organizations operating in the text analytics marketplace. The primary interviews were conducted worldwide covering regions such as North America (10%), Europe (20%), APAC (40%), and Row (30%). Priced at $4650 for a single user PDF, a discount on “Text Analytics Market by Applications (Marketing & Customer Experience Management, Data Analysis & Forecasting, Enterprise Information Management, & Other Industry Specific Applications), Deployment, Vertical, & by Region - Global Forecast to 2020” research report can be requested at http://www.rnrmarketresearch.com/contacts/discount?rname=166162 .

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