The Global Text Analytics Market is expected to grow from US$ 3.23 Bn in 2017 to US$ 18.28 Bn by 2025 at a CAGR of 24.2% between 2017 and 2025. The global text analytics market is primarily driven by increase in the volume of unstructured data. Increasing utilization of social media platforms, consumer shifting trends towards online buying and increasing digitalization are some of the factors contributing to increase in unstructured data. Analysis of unstructured data can uncover key patterns capable of forming the basis of decision making in various organizations. Traditionally, the data is analyzed by an individual which becomes ineffective as the volume of data increases. This demand use of text analytics software capable of handling large volume of data set and can uncover hidden patterns which assist in decision making purpose. Moreover, companies are able to exploit only 30% of unstructured data generated, this low percentage represents significant opportunity for vendors to develop analytical solutions featured with advanced capabilities including machine learning, NLP and language support. The South America text analytics market region is expected to witness a CAGR growth rate of 24.0% in the coming years. Key Players Influencing the Market
Angoss Software Corporation Averbis GmbH Bitext Innovations S.L. Cambridge Semantics, Inc. Clarabridge Clarivate Analytics RapidMiner Inc. Expert System Group Linguamatics Basis Technology SciBite
Strategic Insights The market initiative and new development was observed as the most adopted strategy in global text analytics market. Few of the recent strategies by some of the players text analytics market landscape are listed below: 2017: Angoss Software Solutions unveiled its new fully integrated and big data enabled data science platform with KnowledgeENTERPRISE application for analytics and visualization. The company also launched version 10.3 of KnowledgeREADER which includes significant user interface enhancements that minimizes learning curve, increases collaboration and improves operational efficiencies. 2016: Cambridge Semantics Inc. announced the release of enhanced version of Anzo Smart Data Lake which will have the capability to combine, manage and analyse all of enterprise’s data in one place.
2017: Velan introduced the all new Securaseal R-series cast metal-seated text analytics at Valve World Expo in Houston, Texas. Get Sample Copy of this Report @ https://www.theinsightpartners.com/sample/TIPTE100000198/ About Us: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense. Contact Us: 533, 5th Floor, Amanora Chambers, Amanora Township, East Block, Kharadi Road, Hadapsar, Pune-411028 Call: +1-646-491-9876 Email: sales@theinsightpartners.com