The report "Text Analytics Market by Applications (Marketing & Customer Experience Management, Data Analysis & Forecasting, Enterprise Information Management, & Other Industry Specific Applications), Deployment, Vertical, & by Region - Global Forecast to 2020", The text analytics market size is estimated to grow from USD 2.65 Billion in 2015 to USD 5.93 Billion by 2020, at a CAGR of 17.5%.

Browse 65 market data Tables and 41 Figures spread through 118 Pages and in-depth TOC on “Text Analytics Market “http://www.marketsandmarkets.com/Market-Reports/text-analytics-market-253879369.htmlEarly buyers will receive 10% customization on reports.

The growing need for social media analytics, emergence of multilingual text analytics to break the language barrier, and an increase in industry-specific text analytics applications are the major factors driving the text analytics market. Furthermore, the market is expected to be driven by opportunities such as convergence of text analytics solution with the big data, and added advantage of predictive analytics to forecast future trends on the basis of current data.

Cloud based text analytics solutions are expected to gain maximum traction during the forecast period

The cloud deployment market share is expected to increase rapidly since most of the firms are rapidly transforming themselves from brick-to-click models. A cloud server for text analytics means less storage space and cut down on maintenance cost. Cloud-based text analytics solutions are gaining traction among small and medium businesses as they face the challenge of affordability of the infrastructure required for an on-premises implementation. Text analytics solutions have elaborate integration requirements and integrating cloud analytics with enterprise data can be challenging, hence on-premise solutions are experiencing gradual growth.

North America market is spending hugely on the text analytics solutions to improve the customer experience across all the verticals

The geographic analysis of the text analytics market mainly delves into the division of end user and deployment types across the five major regional segments, namely, North America, Asia-Pacific (APAC), Europe, Latin America, and Middle East and Africa (MEA). Among the five major regions, APAC is expected to lead the market in terms of market growth, followed by MEA. The major vendors in the text analytics market include IBM, SAP, SAS, Clarabridge, Attensity, Lexalytics, Basis Technology Corporation, OpenText, RapidMiner, and Angoss. A detailed analysis of key industry players has been done to provide their business overview, products and services offerings, key strategies, and recent developments associated with the text analytics market.

The scope of the report covers detailed information regarding the major factors influencing the growth of the text analytics market such as drivers, restraints, challenges and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations and recent developments associated with the text analytics market. It also provides insights into the current and future revenues of the market from 2015 to 2020, and an understanding of market drivers, current and upcoming trends, and competitive landscape.

Speak to Analyst @ http://www.marketsandmarkets.com/speaktoanalyst.asp?id=253879369

About MarketsandMarkets:-

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is ca1tering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:Mr. RohanMarkets and Markets UNIT no 802, Tower no. 7, SEZMagarpatta city, HadapsarPune, Maharashtra 411013, India1-888-600-6441Email: sales@marketsandmarkets.com