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SOURCE Research and Markets
DUBLIN, May 7, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/bvp332/text_analytics) has announced the addition of the "Text Analytics Market by Applications, Users & Deployment Model - Market Forecasts and Analysis (2014-2019)" report to their offering.
Text analytics has become crucial for the smooth running of businesses across the globe. Text analytics software empowers its end users to execute data analysis for gaining useful insights. The market is growing at a rapid pace as companies are gradually realizing the importance of implementing analytics. The verticals account for the popularity include banking, financial services and insurance (BFSI), consumer packaged goods, healthcare and pharmaceuticals, high-tech, manufacturing, retail and hospitality, and telecommunications.
Text analytics solutions are capable to process unstructured data in the same manner it processes structured data. Natural language processing toolkits are competent to overcome any language barrier and draw information from unknown languages. The companies analyze data from social media sites to promote brand building, and to develop a customer centric business approach. Social media analytics powered with sentiment analysis helps in understanding customer psychology and thought process. Through predictive analytics, organizations can simulate the future trends by using the information of existing trends.
Modern day text analytics software offers user friendly interface with graphics for better representation of analysis, and can be operated using a personal device with customized applications. Real-time analytics comes into picture when last minute changes need to be included in the analysis and accuracy and consistency need to be observed. Attending to the large amount of data could be tedious and complicated; but with this analytics being implemented it becomes easier to tackle this large amount of data and deliver valuable insights.
Text analytics is no longer restricted as a business tool only for large enterprises. Its ease in integration and IT adaptability makes it suitable for organizations of any size. The overall size of text analytics market is the summation of the market size of applications.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Text Analytics: Market Size And Forecast By Applications
5 Text Analytics: Market Size And Forecast By Users
6 Text Analytics: Market Size And Forecast By Deployment Model
7 Text Analytics: Market Size And Forecast By Verticals
8 Text Analytics: Market Size And Forecast By Regions
9 Text Analytics: Market Landscape
10 Company Profiles
For more information visit http://www.researchandmarkets.com/research/bvp332/text_analytics
Media Contact: Laura Wood, +353-1-481-1716, firstname.lastname@example.org
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