How big is the Text Analytics Market?

The Text Analytics Market size is expected to reach USD 10.49 billion in 2024 and grow at a CAGR of 39.90% to reach USD 56.24 billion by 2029. Read More

What is the current Text Analytics Market size?

In 2024, the Text Analytics Market size is expected to reach USD 10.49 billion. Read More

Who are the key players in Text Analytics Market?

Clarabridge, Inc., SAP SE, IBM Corporation, SAS Institute Inc. and Microsoft Corporation are the major companies operating in the Text Analytics Market. Read More

Which is the fastest growing region in Text Analytics Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Text Analytics Market?

In 2024, the North America accounts for the largest market share in Text Analytics Market. Read More

What years does this Text Analytics Market cover, and what was the market size in 2023?

In 2023, the Text Analytics Market size was estimated at USD 7.50 billion. The report covers the Text Analytics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Text Analytics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Text Analytics Market - Size, Growth & Industry Forecast

Text Analytics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Text Analytics Companies and it is segmented by Deployment (On-premises, Cloud), Application (Fraud Management, Risk Management, Business Intelligence, Social Media Analysis, Customer Care Services), End-user Industry (BFSI, Healthcare, Energy and Utility, Retail and E-commerce), and Geography (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.

Text Analytics Industry Overview

The text analytics market is a propelling market with several players. However, major players such as IBM Corporation and SAP SE dominate the market. Therefore, the market is consolidated.

May 2023 - Google announced various AI-based upgrades to the Workspace suite of office tools and applications for business teams to collaborate on projects. The company also announced Duet AI, to offer assistance in writing text in Gmail and Google Docs and image generation for Slides, a PowerPoint-like slide presentation program. Further, it can also summarize conversations on Google Meet, a video conferencing service.
September 2022 - A strategic technology cooperation between AppTek and expert.ai was launched to apply AI-based text analytics to dynamic audio material in many languages. The partnership combines expert.ai's natural language understanding (NLU) capabilities with AppTek's leadership in automatic speech recognition (ASR) and neural machine translation (NMT) technologies to give organizations the ability to use audio content in the unstructured data sets they manage for enhancing intelligent automation and improving decision-making.