TMCnet News
Global Text Analytics Market (2020 to 2025) - Major Players Include Alphabet, Amazon and Basis Technology Among OthersDUBLIN, April 14, 2021 /PRNewswire/ -- The "Text Analytics: Global Markets" report has been added to ResearchAndMarkets.com's offering. The report provides an overview of the global market for text analytics and analyzes market trends. Using 2019 as the base year, the report provides estimated market data for the forecast period 2020 through 2025. Revenue forecasts for this period are segmented based on deployment, application, end-user, and geography. Market values have been estimated based on the total revenues of software and services. The report also focuses on the major driving trends and challenges that will affect the market and the vendor landscape. The report explains the competitive landscape and current trends in the text analytics market. The report concludes with an analysis of the text analytics vendor landscape and includes detailed profiles of the major players in the global text analytics market. Report Includes:
Text analytics is a subset of natural language processing (NLP). Both terms are often used interchangeably by industry vendors. Text analytics falls under the artificial intelligence (AI) family. Technology advances within AI have enabled more accurate and contextual analysis of highly dimensional, multilingual textual data. Text analytics is the process of deriving business insight from textual sources. Text analytics scenarios cover not only a wide set of functional requirements, such as enterprise content management and advanced search engines, but also functions such as social media analytics, eail/document analysis and free-form analysis. Simply put, text analytics is the practice of using technology to gather, store and mine textual information to translate large volumes of unstructured text into quantitative data in order to uncover insights, trends and patterns that can be used to inform smarter business decisions. The COVID-19 pandemic has further propelled the market for text analytics, especially in industries such as life sciences and healthcare, where there is a need to analyze research documents from all over the world and across different languages to come up with new drugs or courses of treatment. At the same time, governments and public health departments are trying to leverage data from social media and other sources to monitor citizen response to COVID measures such as social distancing. Many other industries, such as banking and financial services (that need to process large numbers of documents) are focusing on handling customer complaints and keeping the lights on for their back-office applications as they struggle with reduced staff (as most business process outsourcing (BPO) operations have been affected). These and other organizations are trying to leverage natural language technologies (NLTs), from text analytics to chatbots to document processing, to optimize their operations and move towards digital transformation. Key Topics Covered: Chapter 1 Introduction
Chapter 2 Summary and Highlights Chapter 3 Market and Technology Background
Chapter 4 Market Breakdown by Deployment
Chapter 5 Market Breakdown by Application
Chapter 6 Market Breakdown by End User
Chapter 7 Market Breakdown by Region
Chapter 8 Competitive Landscape
Chapter 9 Company Profiles
Chapter 10 Appendix: List of Acronyms For more information about this report visit https://www.researchandmarkets.com/r/3ousx3 Media Contact: Research and Markets View original content:http://www.prnewswire.com/news-releases/global-text-analytics-market-2020-to-2025---major-players-include-alphabet-amazon-and-basis-technology-among-others-301268850.html SOURCE Research and Markets |