Text Analytics Market Scope And Analysis

  • Report Code : TIPTE100000198
  • Category : Technology, Media and Telecommunications
  • No. of Pages : 260
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Text Analytics Market Analysis and Share - 2031

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Text Analytics Market Report Text Analytics Market Size and Share Text Analytics Market Scope and Analysis

Text Analytics Market Report Scope

Report Attribute Details
Market size in 2024 US$ 12.24 Billion
Market Size by 2031 US$ 44.93 Billion
Global CAGR (2025 - 2031) 20.40%
Historical Data 2021-2023
Forecast period 2025-2031
Segments Covered By Deployment Type
  • Cloud-Based and On-Premise
By Technology
  • NLP
  • AML
  • Hybrid
By Application
  • Predictive Analysis
  • Competitive Intelligence
  • Fraud/Spam Detection
  • Social Media Monitoring
By Vertical
  • BFSI
  • Telecom
  • FMCG
  • Government
  • AcademiaEducation
  • Legal & Intellectual Property
  • Healthcare
  • Pharmaceuticals
  • Chemistry & Materials
  • Retail
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • IBM Corporation
  • SAP SE
  • SAS Institute Inc
  • Clarabridge
  • Expert Systems
  • OpenText Corp
  • Basis Technology
  • Linguamatics
  • ANGOSS SOFTWARE CORPORATION

    • The text analytics market players are mainly focused on developing advanced and efficient products.

    • In December 2022, Canvs AI unveiled translation for Canvs MRX. This will allow customers to directly analyze open-ended text available in various languages on the Canvs platform. Based on Google Cloud Translation, the translation for Canvs MRX automatically identifies language of an open-ended text on import and translates it to English for processing on Canvs platform.
    • In September 2022, expert.ai and AppTek signed a strategic partnership to introduce their AI-based text analytics solution for dynamic audio content in multiple languages. Through this partnership, Automatic Speech Recognition and Neural Machine Translation technologies of AppTek, in combination with natural language understanding capabilities of expert.ai, will allow organizations to take advantages of audio content in an unstructured data set.

    The text analytics market size is segmented into five major regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa, and South America. In 2022, North America led the market with a substantial revenue share, followed by Europe.

    Angoss Software Corporation; Averbis GmbH; Bitext Innovations S.L.; Cambridge Semantics, Inc.; Clarabridge; Clarivate Analytics; RapidMiner Inc. (Altair); Expert System Group; Linguamatics; Basis Technology; SciBite; KNIME; IBM Corporation; Quertle Right Signature LLC; Semantria (Lexalytics); OpenText Corp; Thomson Reuters; Biomax Informatics AG; Elsevier; SAP SE; and SAS Institute Inc. are among the key text analytics market players profiled in the study. The report provides detailed market insights that help text analytics market players to implement various growth strategies.