Global Text Analytics Market 2020-2024 | Rising Need to Improve Business Efficiency to Boost Growth | Technavio

Technavio has been monitoring the text analytics market and it is poised to grow by USD 8.77 billion during 2020-2024, progressing at a CAGR of over 20% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alphabet Inc., Clarabridge Inc., International Business Machines Corp., Lexalytics Inc., Microsoft Corp., NICE Ltd., Open Text Corp., Oracle Corp., SAP SE, and SAS Institute Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The rising need to improve business efficiency has been instrumental in driving the growth of the market.

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Text Analytics Market 2020-2024: Segmentation

Text Analytics Market is segmented as below:

• Deployment
• Cloud-based
• On-premise
• Geographic Landscape
• APAC
• Europe
• North America
• South America
• MEA

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Text Analytics Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our text analytics market report covers the following areas:

• Text Analytics Market Size
• Text Analytics Market Trends
• Text Analytics Market Industry Analysis

This study identifies the emergence of AI and big data in text analytics as one of the prime reasons driving the text analytics market growth during the next few years.

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Text Analytics Market 2020-2024 : Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist text analytics market growth during the next five years
• Estimation of the text analytics market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the text analytics market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of text analytics market vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

• 2.1 Preface
• 2.2 Preface
• 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Value chain analysis
• Market segmentation analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2019
• Market outlook
• Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY DEPLOYMENT

• Market segmentation by deployment
• Comparison by deployment
• Cloud-based - Market size and forecast 2019-2024
• On-premise - Market size and forecast 2019-2024
• Market opportunity by deployment

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

• Geographic segmentation
• Geographic comparison
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 11: MARKET TRENDS

• Emergence of AI and big data in text analytics
• Emergence of advanced text analytical tools
• High utilization of social media
• Evolution of programmatic advertisement buying

PART 12: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 13: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Alphabet Inc.
• Clarabridge Inc.
• International Business Machines Corp.
• Lexalytics Inc.
• Microsoft Corp.
• NICE Ltd.
• Open Text Corp.
• Oracle Corp.
• SAP SE
• SAS Institute Inc.

PART 14: APPENDIX

• Research methodology
• List of abbreviations
• Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

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