FORT WORTH, Texas, February 3, 2015 /PRNewswire/ --
The report on North America Text Analytics Market defines the growth trends in this region. It also provides details about the revenue forecast and restraints for the market. As estimated in the report, the market is expected to grow at a healthy CAGR of 19.3% from 2014 to reach $1,995.8 million in 2019.
Browse the North America Text Analytics Market through extensive TOC, market data and segmentation in the market supported by various figures and tables.
Text analytics helps processing large amount of data in a limited timeframe. The requirement for these systems is growing with rising awareness about its usefulness amongst different organizations. The insights extracted from text analytics help the organizations to develop consumer centric growth models. These systems present the analysis comes with flexible interface and easy representation of the data.
North America is the most technologically progressed region of the world. As explained in the report, it holds around 38.7% share of the global market for text analytics. This share is projected to reach 40.4% by the year 2019. Some of the most innovative and tech-savvy organizations of the world are operational in North America. Hence, the region is expected to excel in this market during the next few years to come. As per the report, rising competition in the leading organizations is driving them towards innovative technologies. Strong demand for smart technology and popularity of social media are also expected to contribute to the rising demand in the market.
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The report provides segmentation analysis for the North America Text Analytics market, based on the analysis of its submarkets and country based demand patterns. The report provides analysis of value chains and market share of the major players along with their company profiles.
The Europe Text Analytics Market is expected to grow from $533.7 million in 2014 to $1,233.9 million by 2019 at an estimated CAGR of 18.3%, during the forecast period. Growth of social media for brand building is one of the main drivers for Europe Text Analytics market.
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SOURCE MicroMarket Monitor