Asia Pacific Text Analytics Market Forecast 2017-2025
KEY FINDINGS Asia Pacific text analytics market was valued at $971 million in the year 2016. The market is expected to rise at an estimated CAGR of 20.10% during the forecast period of 2017-2025 and likely to reach $5150 million by the end of 2025. MARKET INSIGHTS The text analytics market finds its application in customer relationship management (CRM), predictive analysis, competitive intelligence, fraud detection, and brand reputation. The predictive analysis is the fastest growing application in the market. The market by deployment can be classified into on-premise and cloud. The end-users for the market can be found in various sectors such as banking, financial services & insurance (BFSI), government, retail, telecommunication fast moving consumer goods (FMCG), etc. The market is also classified on the basis of its technology into text clustering, descriptive data analysis, predictive analysis, and web mining. COMPETITIVE INSIGHTS Some of the noted market players in the Asia-Pacific market are SAP SE, Microsoft Corporation, The Information Bus Company (TIBCO) Software Inc, Unmetric, Sas Institute and Software Corporation.