Text analytics Market 2021 Growth, COVID Impact, Trends Analysis Report 2027

Text analytics market was valued at USD 5.46 billion in 2020 and is expected to reach a value of USD 14.84 billion by 2027 at a CAGR of 17% over the forecast period (2021-2027).

Text analytics tools are increasingly being used by organizations to support the business creation process by providing actionable insights from various types of text sources such as client interactions, emails, blogs, product reviews, tweets, and center logs.

 

Major Players

SAP SE
IBM Corporation
Clarabridge, Inc.
SAS Institute Inc.
Microsoft Corporation

Deployment

On-premise
Cloud

Application

Risk Management
Fraud Management
Business Intelligence
Social Media Analysis
Customer Care Services

Scope of the Report

The research study analyzes the global Text analytics industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Text analytics Market Report

1. What was the Text analytics Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of Text analytics Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Text analytics Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

The report covers the following objectives:

• Proliferation and maturation of trade in the global Text analytics market.

• The market share of the global Text analytics market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.

• Current and future market trends that are influencing the growth opportunities and growth rate of the global Text analytics market.

• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Text analytics market.