DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Text Analytics Market Insights, Opportunity Analysis, Market Shares and Forecast, 2016 - 2022" report to their offering.
The global text analytics market value was USD 2.65 billion in 2015 and it is expected to grow at CAGR of 17.7 % during 2016-2022
Additionally, growing adoption of social media analytics is also anticipated to be a key factor driving the text analytics market growth. Growing adoption of text analytics methods into a business analytics software tools to help organizations analyze data is also anticipated to fuel market growth.
However, expensive analytic software and lack of awareness among stakeholders may pose a hurdle to the text analytics market development in the future years. The need to collective and explore textual data so as to achieve new insights by combining industry knowledge, technology and work that drive business results is likely to drive the global text analytics market growth in the future years.
Major players in the text analytics market include, Angoss Software Corporation, Basis Technology Corporation, Lexalytics, Inc, Microsoft Corporation, Opentext Corporation, Predixion Software, Rapidminer, Inc., SAP SE and SAS Institute, Inc. etc.
Players focus on embedding text analytics abilities such as natural language processing across many enterprise applications ranging from consumer service to market study to social media monitoring. Companies are adopting many strategies such as innovation in their technology, new software development and merger & acquisition to capture high market share in the market.
Key Topics Covered:
1. Introduction
2. Market Overview
3. Market Determinants
4. Sector Analysis
5. Market Segmentation
6. Geographical Analysis
7. Company Profiles
- Angoss Software Corporation
- Basis Technology Corporation
- Clarabridge, Inc.
- International Business Machines (IBM) Corporation
- Jive
- Kana
- Lexalytics, Inc
- Microsoft Corporation,
- Netbase Solution
- Opentextopentext Corporation
- Predixion Software
- Rapidminer, Inc.
- SAP SE
- SAS Institute, Inc.
- Unmetric
For more information about this report visit http://www.researchandmarkets.com/research/d3s68k/global_text