Text Analytics Market - Pmr Market Insight Report 2015 to 2021

Text Analytics Market - PMR Market Insight Report 2015 to 2021

Persistence Market Research

Text Analytics Market - PMR Market Insight

Report 2015 to 2021

Persistence Market Research

1

Text Analytics Market - PMR Market Insight Report 2015 to 2021

Persistence Market Research Released New Market Report on “Text Analytics Market - PMR

Market Insight Report 2015 to 2021”.

Text analytics can be defined as a process of retrieving information from the available text

sources. Text analytics is used for various purposes such as summarization of information,

classification, sentimental analysis and data investigation. Text Analytics has become vital for

smooth functioning of business across world. Text Analytics software helps its end user to

perform data analysis for obtaining useful insights. Text Analytics software’s are capable to

process structured as well as unstructured data in a same efficient manner. In text analytics

software, natural language processing toolkits are used which are competent enough to

overcome any type of language barrier and this toolkit can derive information from any unknown

languages. Modern text analytics software offers user friendly interface for better representation

and analysis.

Globally, need of effective text analytics solution and services is increasing steadily. Factors

which are driving the growth of global text analytics service market are growing demand of

social media analysis for effective brand building, development of multilingual text analytics to

overcome language barriers, increasing concern of financial frauds and growing big data

market. On the other hand, factors which are restraining the growth of global text analytics

market are lack of awareness among end users about software handling, high deployment cost

and compliance issue with present IT infrastructure. However, added advantage of predictive

analytics and credibility to analyse big data is expected to create great opportunity for text

analytics market in...