Text Analytics Market - Global Industry Analysis

Text Analytics Market Application (Search-Based Applications, Enterprise Application, Data Analytics Application, Predictive Analytics, Web-Based Application, Others), Organization Size (Small, Medium, Large Enterprises), Deployment Mode (On-Premise Model, Cloud Deployment Model), Vertical (Banking, Financial Serves, Healthcare, Retail & Manufacturing, Hospitality, CPG, Telecommunication): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Published Date: 12-Oct-2020 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-335 Status : Published

According to the report published by Zion Market Research, global demand for text analytics market was valued at approximately USD 4.8 Billion in 2019, and is expected to generate revenue of around USD 10.2 Billion by end of 2026, growing at a CAGR of around 17.5% between 2020 and 2026.

Description

According to the report published by Zion Market Research, global demand for text analytics market was valued at approximately USD 4.8 Billion in 2019, and is expected to generate revenue of around USD 10.2 Billion by end of 2026, growing at a CAGR of around 17.5% between 2020 and 2026.

Global Text Analytics Market: Overview

Text analytics, which is also referred as text mining or text data mining, is a process of extracting information from the available text sources. In this process, value content is derived from the provided raw data. This derived content is useful for business organizations to acquire the ready-to-use information with insights. This data are used in research activities too. This process is widely used in business organizations all around the world for summarization of data, classification of information, data investigation, and other purposes. Text analytic program or software is able to process both structured and unstructured data with accuracy and efficiency. These programs accept multi-language and foreign language data and run efficiently without any disturbance.

Global Text Analytics Market: Growth Factors

Globally, the need for this software is increasing at a rapid pace. Increasing demand for social media analysis for effective brand development, creating multi-lingual text to overcome language barriers, growing data market, banking frauds, and stock market security breaches are some of the reasons contributing to the growth of text analytics market globally. Expanding internet appearance, increasing use of mobiles, and rising awareness about text analysis principles in getting insight into consumer behaviour and preferences are other factors fuelling the global market growth. However, lack of knowledge about software handling and high costs are the factors that may hamper the growth of the global market in future.

Global Text Analytics Market: Segmentation

The global text analytics market is segmented on the basis of application, deployment model, organization size, and verticals. On the basis of application, the market is segmented as search-based applications, enterprise application, data analytics application, predictive analytics, web-based application, and others. Based on organization size, the global text analytics market can be segmented as small, medium, and large enterprises. Based on the deployment model, the market is further classified as on-premise model and cloud deployment model. Cloud deployment model is anticipated to get importance in future; small enterprises are dependent on on-premise model. Based on verticals, the global text analytics market is segmented as banking, financial serves, healthcare, retail and manufacturing, hospitality, CPG, and telecommunication.

Report Scope:  

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Text Analytics Market: Regional Analysis

Geographically, the global text analytics market is further classified into the United States, Latin America, Africa, Asia Pacific, the Middle East and Europe. North America is the leading region in the global text analytics market owing to the growing technological investment among emerging countries resulting in an increased demand for text analytics solutions used for automating the maintenance and plant safety process.  This trend is followed by Western Europe and Asian regions.

Global Text Analytics Market: Competitive Players

The global text analytics market is led by many major players owing to their efficient software. Some of the key players operating in this market globally include SAP SE (Walldorf, Germany), International Business Machines Corporation (New York, U.S.), SAS Institute, Inc. (North Carolina, U.S.), OpenText Corporation (Ontario, Canada), Clarabridge, Inc. (Virginia, U.S.), Megaputer Intelligence, Inc. (Indiana, U.S.), Luminoso Technologies, Inc. (Massachusetts, U.S.), MeaningCloud LLC (New York, U.S.), KNIME.com AG (Zurich, Switzerland), Infegy, Inc. (Missouri, U.S.), Lexalytics, Inc. (Massachusetts, U.S.), and Averbis.

Global Text Analytics Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1.Preface
    • 1.1.Report Description
    • 1.2.Report Scope
  • Chapter 2.Research Methodology
    • 2.1.Research Methodology
    • 2.2.Secondary Research
    • 2.3.Primary Research
    • 2.4.Models
      • 2.4.1.Company Share Analysis Model
      • 2.4.2.Revenue Based Modelling
    • 2.5.Research Limitations
  • Chapter 3.Executive Summary
    • 3.1.Global Text Analytics Market, 2016 – 2026 (USD Million)
    • 3.2.Global Text Analytics Market: Snapshot
  • Chapter 4.Text Analytics Market – Industry Analysis
    • 4.1.Introduction
    • 4.2.Market Drivers
      • 4.2.1.Driving Factor 1 Analysis
      • 4.2.2.Driving Factor 2 Analysis:
    • 4.3.Market Restraints
      • 4.3.1.Restraining Factor Analysis
    • 4.4.Market Opportunities
      • 4.4.1.Market Opportunity & Use-case Analysis
      • 4.4.2.Use – Cases for Text Analytics
    • 4.5.Porter’s Five Forces Analysis
    • 4.6.COVID 19 Impact Analysis
      • 4.6.1.1.Impact on Product Development and Technology Adoption
      • 4.6.1.2.Gap Analysis
  • Chapter 5.Investment Proposition Analysis
    • 5.1.Global Text Analytics Market Attractiveness, By Application
    • 5.2.Global Text Analytics Market Attractiveness, By Organization Size
    • 5.3.Global Text Analytics Market Attractiveness, By Deployment Mode
    • 5.4.Global Text Analytics Market Attractiveness, By Vertical
    • 5.5.Global Text Analytics Market Attractiveness, By Region
  • Chapter 6.Competitive Landscape
    • 6.1.Company Market Share Analysis - 2019
      • 6.1.1.Global Text Analytics Market: Company Market Share, 2019
    • 6.2.Strategic Developments
    • 7.1.Global Text Analytics Market Overview: By Application
      • 7.1.1.Global Text Analytics Market Revenue Share, By Application, 2019 & 2026
    • 7.2.Global Text Analytics Market Analysis/Overview – By Application
      • 7.2.1.Search Based Application – Overview/Analysis
      • 7.2.2.Enterprise Application – Overview/Analysis
      • 7.2.3.Data Analytics Application – Overview/Analysis
      • 7.2.4.Predictive Application – Overview/Analysis
      • 7.2.5.Web-Based Application – Overview/Analysis
      • 7.2.6.Others – Overview/Analysis
    • 7.3.Search Based Application
      • 7.3.1.Global Text Analytics Market for Search Based Application, Revenue (USD Million) 2016 - 2026
    • 7.4.Enterprise Application
      • 7.4.1.Global Text Analytics Market for Enterprise Application, Revenue (USD Million) 2016 - 2026
    • 7.5.Data Analytics Application
      • 7.5.1.Global Text Analytics Market for Data Analytics Application, Revenue (USD Million) 2016 - 2026
    • 7.6.Predictive Application
      • 7.6.1.Global Text Analytics Market for Predictive Application, Revenue (USD Million) 2016 - 2026
    • 7.7.Web-Based Application
      • 7.7.1.Global Text Analytics Market for Web-Based Application, Revenue (USD Million) 2016 - 2026
    • 7.8.Others
      • 7.8.1.Global Text Analytics Market for Others, Revenue (USD Million) 2016 - 2026
    • 8.1.Global Text Analytics Market Overview: By Organization Size
      • 8.1.1.Global Text Analytics Market Revenue Share, By Organization Size, 2019 & 2026
    • 8.2.Global Text Analytics Market Analysis/Overview – By Organization Size
      • 8.2.1.Large Enterprises – Overview/Analysis
      • 8.2.2.SMEs – Overview/Analysis
    • 8.3.Large Enterprises
      • 8.3.1.Global Text Analytics Market for Large Enterprises, Revenue (USD Million) 2016 - 2026
    • 8.4.SMEs
      • 8.4.1.Global Text Analytics Market for SMEs, Revenue (USD Million) 2016 - 2026
    • 9.1.Global Text Analytics Market Overview: By Deployment Mode
      • 9.1.1.Global Text Analytics Market Revenue Share, By Deployment Mode, 2019 & 2026
    • 9.2.Global Text Analytics Market Analysis/Overview – By Deployment Mode
      • 9.2.1.Cloud-Based – Overview/Analysis
      • 9.2.2.On-Premise – Overview/Analysis
    • 9.3.Cloud-Based
      • 9.3.1.Global Text Analytics Market for Cloud-Based, Revenue (USD Million) 2016 - 2026
    • 9.4.On-Premise
      • 9.4.1.Global Text Analytics Market for On-Premise, Revenue (USD Million) 2016 - 2026
    • 10.1.Global Text Analytics Market Overview: By Vertical
      • 10.1.1.Global Text Analytics Market Revenue Share, By Vertical, 2019 & 2026
    • 10.2.Global Text Analytics Market Analysis/Overview – By Vertical
      • 10.2.1.BFSI – Overview/Analysis
      • 10.2.2.Healthcare – Overview/Analysis
      • 10.2.3.Retail & Manufacturing – Overview/Analysis
      • 10.2.4.Hospitality – Overview/Analysis
      • 10.2.5.Telecommunication – Overview/Analysis
    • 10.3.BFSI
      • 10.3.1.Global Text Analytics Market for BFSI, Revenue (USD Million) 2016 - 2026
    • 10.4.Healthcare
      • 10.4.1.Global Text Analytics Market for Healthcare, Revenue (USD Million) 2016 - 2026
    • 10.5.Retail & Manufacturing
      • 10.5.1.Global Text Analytics Market for Retail & Manufacturing, Revenue (USD Million) 2016 - 2026
    • 10.6.Hospitality
      • 10.6.1.Global Text Analytics Market for Hospitality, Revenue (USD Million) 2016 - 2026
    • 10.7.Telecommunication
      • 10.7.1.Global Text Analytics Market for Telecommunication, Revenue (USD Million) 2016 - 2026
  • Chapter 11.Text Analytics Market – Regional Analysis
    • 11.1.Global Text Analytics Market: Regional Overview
      • 11.1.1.Global Text Analytics Market Revenue Share, by Region, 2019 & 2026
      • 11.1.2.Global Text Analytics Market Revenue, by Region, 2016 – 2026 (USD Million)
    • 11.2.North America
      • 11.2.1.North America Text Analytics Market Revenue, 2016 - 2026 (USD Million)
      • 11.2.2.North America Text Analytics Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.2.3.North America Text Analytics Market Revenue, By Application, 2016 – 2026
      • 11.2.4.North America Text Analytics Market Revenue, By Organization Size, 2016 – 2026
      • 11.2.5.North America Text Analytics Market Revenue, By Deployment Mode, 2016 – 2026
      • 11.2.6.North America Text Analytics Market Revenue, By Vertical, 2016 – 2026
      • 11.2.7. U.S.
      • 11.2.8.Canada
    • 11.3.Europe
      • 11.3.1.Europe Text Analytics Market Revenue, 2016 - 2026 (USD Million)
      • 11.3.2.Europe Text Analytics Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.3.3.Europe Text Analytics Market Revenue, By Application, 2016 – 2026
      • 11.3.4.Europe Text Analytics Market Revenue, By Organization Size, 2016 – 2026
      • 11.3.5.Europe Text Analytics Market Revenue, By Deployment Mode, 2016 – 2026
      • 11.3.6.Europe Text Analytics Market Revenue, By Vertical, 2016 – 2026
      • 11.3.7.Germany
      • 11.3.8.France
      • 11.3.9. U.K.
      • 11.3.10.Italy
      • 11.3.11.Rest of Europe
    • 11.4.Asia Pacific
      • 11.4.1.Asia Pacific Text Analytics Market Revenue, 2016 - 2026 (USD Million)
      • 11.4.2.Asia Pacific Text Analytics Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.4.3.Asia Pacific Text Analytics Market Revenue, By Application, 2016 – 2026
      • 11.4.4.Asia Pacific Text Analytics Market Revenue, By Organization Size, 2016 – 2026
      • 11.4.5.Asia Pacific Text Analytics Market Revenue, By Deployment Mode, 2016 – 2026
      • 11.4.6.Asia Pacific Text Analytics Market Revenue, By Vertical, 2016 – 2026
      • 11.4.7.China
      • 11.4.8.Japan
      • 11.4.9.India
      • 11.4.10.South Korea
      • 11.4.11.Rest of Asia Pacific
    • 11.5.Latin America
      • 11.5.1.Latin America Text Analytics Market Revenue, 2016 - 2026 (USD Million)
      • 11.5.2.Latin America Text Analytics Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.5.3.Latin America Text Analytics Market Revenue, By Application, 2016 – 2026
      • 11.5.4.Latin America Text Analytics Market Revenue, By Organization Size, 2016 – 2026
      • 11.5.5.Latin America Text Analytics Market Revenue, By Deployment Mode, 2016 – 2026
      • 11.5.6.Latin America Text Analytics Market Revenue, By Vertical, 2016 – 2026
      • 11.5.7.Brazil
      • 11.5.8.Mexico
      • 11.5.9.Rest of Latin America
    • 11.6.The Middle-East and Africa
      • 11.6.1.The Middle-East and Africa Text Analytics Market Revenue, 2016 - 2026 (USD Million)
      • 11.6.2.The Middle-East and Africa Text Analytics Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.6.3.The Middle-East and Africa Text Analytics Market Revenue, By Application, 2016 – 2026
      • 11.6.4.The Middle-East and Africa Text Analytics Market Revenue, By Organization Size, 2016 – 2026
      • 11.6.5.The Middle-East and Africa Text Analytics Market Revenue, By Deployment Mode, 2016 – 2026
      • 11.6.6.The Middle-East and Africa Text Analytics Market Revenue, By Vertical, 2016 – 2026
      • 11.6.7.GCC Countries
      • 11.6.8.South Africa
      • 11.6.9.Rest of Middle-East Africa
  • Chapter 12.Company Profiles
    • 12.1.SAP SE
      • 12.1.1.Company Overview
      • 12.1.2.Financial Overview
      • 12.1.3.Product Portfolio
      • 12.1.4.Business Strategy
      • 12.1.5.Recent Developments
    • 12.2.IBM Corporation
    • 12.3.SAS Institute, Inc.
    • 12.4.OpenText Corporation
    • 12.5.Clarabridge, Inc.
    • 12.6.Megaputer Intelligence, Inc.
    • 12.7.Luminoso Technulogies, Inc.
    • 12.8.MeaningCloud LLC
    • 12.9.KNIME.com AG
    • 12.1.Infegy, Inc.

List of Figures 

FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global Text Analytics Market Revenue, 2016 - 2026 (USD Million)
FIG. 5 Porter’s Five Forces Analysis for Global Text Analytics Market
FIG. 6 Global Text Analytics Market Attractiveness, By Application
FIG. 7 Global Text Analytics Market Attractiveness, By Organization Size
FIG. 8 Global Text Analytics Market Attractiveness, By Deployment Mode
FIG. 9 Global Text Analytics Market Attractiveness, By Vertical
FIG. 10 Global Text Analytics Market Attractiveness, By End-User
FIG. 11 Company Share Analysis, 2019
FIG. 12 Global Text Analytics Market Revenue Share, By Application, 2019 & 2026
FIG. 13 Global Text Analytics Market for Search Based Application, Revenue (USD Million) 2016 - 2026
FIG. 14 Global Text Analytics Market for Enterprise Application, Revenue (USD Million) 2016 - 2026
FIG. 15 Global Text Analytics Market for Data Analytics Application, Revenue (USD Million) 2016 - 2026
FIG. 16 Global Text Analytics Market for Predictive Application, Revenue (USD Million) 2016 - 2026
FIG. 17 Global Text Analytics Market for Web-Based Application, Revenue (USD Million) 2016 - 2026
FIG. 18 Global Text Analytics Market for Others, Revenue (USD Million) 2016 - 2026
FIG. 19 Global Text Analytics Market Revenue Share, By Organization Size, 2019 & 2026
FIG. 20 Global Text Analytics Market for Large Enterprises, Revenue (USD Million) 2016 - 2026
FIG. 21 Global Text Analytics Market for SMEs, Revenue (USD Million) 2016 - 2026
FIG. 22 Global Text Analytics Market Revenue Share, By Deployment Mode, 2019 & 2026
FIG. 23 Global Text Analytics Market for Cloud-Based, Revenue (USD Million) 2016 - 2026
FIG. 24 Global Text Analytics Market for On-Premise, Revenue (USD Million) 2016 - 2026
FIG. 25 Global Text Analytics Market Revenue Share, By Vertical, 2019 & 2026
FIG. 26 Global Text Analytics Market for BFSI, Revenue (USD Million) 2016 - 2026
FIG. 27 Global Text Analytics Market for Healthcare, Revenue (USD Million) 2016 - 2026
FIG. 28 Global Text Analytics Market for Retail & Manufacturing, Revenue (USD Million) 2016 - 2026
FIG. 29 Global Text Analytics Market for Hospitality, Revenue (USD Million) 2016 - 2026
FIG. 30 Global Text Analytics Market for Telecommunication, Revenue (USD Million) 2016 - 2026
FIG. 31 Global Text Analytics Market Revenue Share, by Region, 2019 & 2026
FIG. 32 North America Text Analytics Market Revenue, 2016 - 2026 (USD Million)
FIG. 33 Europe Text Analytics Market Revenue, 2016 - 2026 (USD Million)
FIG. 34 Asia Pacific Text Analytics Market Revenue, 2016 - 2026 (USD Million)
FIG. 35 Latin America Text Analytics Market Revenue, 2016 - 2026 (USD Million)
FIG. 36 The Middle-East and Africa Text Analytics Market Revenue, 2016 - 2026 (USD Million)
FIG. 37 SAP SE Business Segment Revenue Share, 2018 (%)
FIG. 38 SAP SE Geographical Segment Revenue Share, 2018 (%)
 


List of Tables

TABLE 1 Global Text Analytics Market: Snapshot
TABLE 2 Drivers of the Text Analytics Market: Impact Analysis
TABLE 3 Restraints for the Text Analytics Market: Impact Analysis
TABLE 4 Global Text Analytics Market Revenue, by Region, 2016 – 2026 (USD Million)
TABLE 5 North America Text Analytics Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 6 North America Text Analytics Market Revenue, By Application, 2016 – 2026 (USD Million)
TABLE 7 North America Text Analytics Market Revenue, By Organization Size, 2016 – 2026 (USD Million)
TABLE 8 North America Text Analytics Market Revenue, By Deployment Mode, 2016 – 2026 (USD Million)
TABLE 9 North America Text Analytics Market Revenue, By Vertical, 2016 – 2026 (USD Million)
TABLE 10 Europe Text Analytics Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 11 Europe Text Analytics Market Revenue, By Application, 2016 – 2026 (USD Million)
TABLE 12 Europe Text Analytics Market Revenue, By Organization Size, 2016 – 2026 (USD Million)
TABLE 13 Europe Text Analytics Market Revenue, By Deployment Mode, 2016 – 2026 (USD Million)
TABLE 14 Europe Text Analytics Market Revenue, By Vertical, 2016 – 2026 (USD Million)
TABLE 15 Asia Pacific Text Analytics Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 16 Asia Pacific Text Analytics Market Revenue, By Application, 2016 – 2026 (USD Million)
TABLE 17 Asia Pacific Text Analytics Market Revenue, By Organization Size, 2016 – 2026 (USD Million)
TABLE 18 Asia Pacific Text Analytics Market Revenue, By Deployment Mode, 2016 – 2026 (USD Million)
TABLE 19 Asia Pacific Text Analytics Market Revenue, By Vertical, 2016 – 2026 (USD Million)
TABLE 20 Latin America Text Analytics Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 21 Latin America Text Analytics Market Revenue, By Application, 2016 – 2026 (USD Million)
TABLE 22 Latin America Text Analytics Market Revenue, By Organization Size, 2016 – 2026 (USD Million)
TABLE 23 Latin America Text Analytics Market Revenue, By Deployment Mode, 2016 – 2026 (USD Million)
TABLE 24 Latin America Text Analytics Market Revenue, By Vertical, 2016 – 2026 (USD Million)
TABLE 25 The Middle-East and Africa Text Analytics Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 26 The Middle-East and Africa Text Analytics Market Revenue, By Application, 2016 – 2026 (USD Million)
TABLE 27 The Middle-East and Africa Text Analytics Market Revenue, By Organization Size, 2016 – 2026 (USD Million)
TABLE 28 The Middle-East and Africa Text Analytics Market Revenue, By Deployment Mode, 2016 – 2026 (USD Million)
TABLE 29 The Middle-East and Africa Text Analytics Market Revenue, By Vertical, 2016 – 2026 (USD Million)

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FrequentlyAsked Questions

Increasing demand for social media analysis for effective brand development, creating multi-lingual text to overcome language barriers, growing data market, banking frauds, and stock market security breaches are some of the reasons contributing to the growth of text analytics market globally.

According to Zion Market Research, global demand for text analytics market is expected to generate revenue of around USD 10.2 Billion by end of 2026, growing at a CAGR of around 17.5% between 2020 and 2026.

North America is the leading region in the global text analytics market owing to the growing technological investment among emerging countries resulting in an increased demand for text analytics solutions used for automating the maintenance and plant safety process.

Some main participants of the text analytics market SAP SE (Walldorf, Germany), International Business Machines Corporation (New York, U.S.), SAS Institute, Inc. (North Carolina, U.S.), OpenText Corporation (Ontario, Canada), Clarabridge, Inc. (Virginia, U.S.), Megaputer Intelligence, Inc. (Indiana, U.S.), Luminoso Technologies, Inc. (Massachusetts, U.S.), MeaningCloud LLC (New York, U.S.), KNIME.com AG (Zurich, Switzerland), Infegy, Inc. (Missouri, U.S.), Lexalytics, Inc. (Massachusetts, U.S.), and Averbis among others.

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