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Global Text Analytics Market rise to US$12.16 bn by 2024
 
Release Date: 1/3/2018
 
Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled "Text Analytics Market"

Request a Free Sample Report @ https://www.mrrse.com/sample/1648

Having realized that analysis of text data can allow a better understanding of consumers' priorities and overall behavior, a constantly rising number of companies across the globe are focusing on the enhancement of their text analytics capabilities. Text data is being swarmed in from sources such as e-mails, social media platforms, and consumer reviews on company web portals, creating mounting volumes of business critical data. In the intensely competitive market, where competitors are leaving no stone unturned to align strategies with consumer preferences, text analytics prowess is expected to be a major determinant of success for companies in the near future.

Recent market intelligence reports, states that the global text analytics market will exhibit an exponential 17.6% CAGR from 2015 to 2024. The market, which had a valuation of US$2.82 bn in 2015, will rise to US$12.16 bn by 2024.

IT and Telecom Industries to Constitute Majority of Demand

In 2015, the military and defense sector accounted for a dominant share of 19.7% of the overall text analytics market. However, this end-use segment is projected to lose its attractiveness to the IT and telecom sector in the next few years. These flourishing industries are expected to incorporate an increased number of text analytics solutions for achieving improvement in visibility in market trends, internal processes, and core operations.

Outlook Complete Report with Table of Content @ https://www.mrrse.com/text-analytics-market
 
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