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The Global Text Analytics Market is expected to grow by $ 14.23 bn during 2021-2025, progressing at a CAGR of 24.71% during the forecast period

·3-min read

Global Text Analytics Market 2021-2025 The analyst has been monitoring the text analytics market and it is poised to grow by $ 14. 23 bn during 2021-2025, progressing at a CAGR of 24.

New York, Dec. 22, 2021 (GLOBE NEWSWIRE) -- announces the release of the report "Global Text Analytics Market 2021-2025" -
71% during the forecast period. Our report on the text analytics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the need to improve business efficiency and the popularity of SOA among end-users. In addition, the need to improve business efficiency is anticipated to boost the growth of the market as well.
The text analytics market analysis includes the deployment segment and geographic landscape.

The text analytics market is segmented as below:
By Deployment
• Cloud-based
• On-premise

By Geographical Landscape
• Europe
• North America
• South America

This study identifies the need to analyze large volumes of unstructured dataas one of the prime reasons driving the text analytics market growth during the next few years.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on text analytics market covers the following areas:
• Text analytics market sizing
• Text analytics market forecast
• Text analytics market industry analysis

This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading text analytics market vendors that include Alphabet Inc., InMoment Inc., International Business Machines Corp., Micro Focus International Plc, Microsoft Corp., NICE Ltd., Open Text Corp., Oracle Corp., Qualtrics LLC, and SAP SE. Also, the text analytics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Read the full report:

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