DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/fwpbsq/global_text) has announced the addition of the "Global Text Analytics Market (Deployment Model, Application, End User and Geography) - Size, Global Trends, Company Profiles, Segmentation and Forecast, 2013 - 2020" report to their offering.
The global text analytics market has a potential to reach $6.5 billion by 2020, registering a CAGR of 25.2% during 2014-2020. Predictive analytics is the most attractive application within text analytics, which provides insights on unstructured text and helps the companies to formulate business strategies accordingly. The retail sector largely uses text analytics software, which approximately contributes 1/3rd of revenue amongst all industries. Use of text analytics in healthcare accelerates healthcare research, which eventually adds to the rapid growth of the healthcare and pharmaceutical sector.
Presently, the on-premise deployment model is predominantly favored by government organizations and small & medium businesses, as it offers higher level of security compared to cloud based deployment model. The use of the on-premise model for deployment of text analytic software would gradually subside and the market would be driven by cloud-based deployment models in the near future. Operational cost-cutting would contribute to the rapid adoption of cloud-based models in the coming years.
Predictive analytics are gaining ground in the field of healthcare and Banking Financial Services and Insurance industries (BFSI). The ability of predictive analytics applications to track the incidences of diseases and forecast the recurrence in the future is a boon for the healthcare sector. On the other hand, financial forecasting is accomplished very effectively using text analytics. The forecast could assist BFSIs in tracking loan trends and gain insights on the potential client base that demand banking services in the future. The retail sector has a large customer base and has a sizable number of reviews on their products. Analyzing the voices of the customers helps retail companies to improve their products, by considering customer demands. Therefore, the retail sector majorly uses text analytics software compared to other sectors.
The report expounds on the strategies of top players such as IBM, Attensity, Microsoft, Clabridge, SAS, HP, Tibco Software, Oracle, Tableau Software and SAP.
Key Topics Covered:
CHAPTER 1 INTRODUCTION
CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 MARKET OVERVIEW
CHAPTER 4 GLOBAL TEXT ANALYTICS MARKET BY DEPLOYMENT MODELS
CHAPTER 5 GLOBAL TEXT ANALYTICS MARKET BY APPLICATIONS
CHAPTER 6 GLOBAL TEXT ANALYTICS MARKET BY END USER
CHAPTER 7 GLOBAL TEXT ANALYTICS MARKET BY GEOGRAPHY
CHAPTER 8 COMPANY PROFILES
For more information visit http://www.researchandmarkets.com/research/fwpbsq/global_text