Text Analytics Market Analysis, Share, Key Players, Applications and Forecast, 2012 - 2020

PORTLAND, Oregon, May 12, 2014 /PRNewswire/ --

Allied market research publishes a latest report titled, "Global Text Analytics Market (Application, Industry, End User, Deployment Model, Technology and Geography ) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2012 - 2020." This report is expected to provide a holistic view on the text analytics market.

Text analytics is a technology that uses extracted patterns from text to provide valuable insights using a business intelligence software. Rise of social media, high end analytical tools and increasing customer-centric approach are driving the growth of global text analytics market. Need for extensive R&D along with strategic decision making is also boosting the text analytics market.

To view the report, visit the website at http://www.alliedmarketresearch.com/text-analytics-market

Factors such as inconsistent and unstructured data and time consumption due to reformation of documents are impeding the growth of this market.

The report provides detailed information on application, End users, Industry wise market, deployment model market and geographies. Application market is segmented on the basis of data analysis, enterprise applications and social media analysis. Web based application and social media analysis would grow fastest under application segment due to rise in social media. The technology market is sub-segmented as predictive analytics,text clustering,big data analytics, and web mining.

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Industries such as retail and FMCG are in favor of text analytics technology, as it enhances the customer relationship by providing useful customer insights. Telecommunication is expected to grow fastest due to VAS- Value Added Services.

To view all consumer goods market reports, visit the website at http://www.alliedmarketresearch.com/consumer-goods-market-report

The report segments the geographical market into North America, Asia Pacific, Europe and RoW. North America leads the regional market due to early adoption of technology. However, Asia pacific and European region is expected to drive the growth during the analyzed period.

Report provides a holistic view on key global players. They are listed below:

• IBM
• Microsoft
• Oracle
• Microstrategy
• HP
• SAP
• Tableau
• Open TextSAS Institute
• Attensity
• larasoft

Key benefits of the report are:

• In depth study about text analytics market and its segments to get a clear understanding of the market trends
• Statistics about text analytics market to enhance the decision making process
• Comprehensive study about market drivers and restraints
• Detailed information on key companies operating in this market

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