North America Text Analytics Market Forecast 2017-2025
KEY FINDINGS The North American Text Analytics Market is currently dominating the world market by accounting for the largest share. The North America market was valued at $1020 million in the year 2016. It is expected to grow at a CAGR of 12.93% during the forecast period of 2017-2025 and reach $3158 million by the end of 2025. MARKET INSIGHTS The market segmentation is done by the type of deployment, type of end users, type of technology and the type of applications. By deployment type, the market is further segmented as cloud and on-premise. The end-users include banking, financial services & insurance (BFSI), government, healthcare & pharmaceuticals, etc. The technology segment is further divided into descriptive data analysis, text clustering, web mining and predictive analysis. The applications for this market can be found in customer relationship management (CRM), predictive analysis, competitive intelligence, fraud detection and brand reputation.
COMPETITIVE INSIGHTS Some of the popular players in the market are Konstanz Information Miner (Knime), Jive Software, Microsoft Corporation, Lexalytics Inc, Sap SE and others.