Europe Text Analytics Market Analysis and Forecast to 2019

The European text analytics market is estimated to grow at a CAGR of 18.3% during the forecast period of 2014 to 2019.

The U.K.holds the largest share in the European market, followed by Germany and France. The growth of the text analytics market in this region is driven by technological advancements and the growing need of organizations to gain useful insights from the large amounts data available to facilitate effective decision making.

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The European text analytics market has been segmented and forecast on the basis of applications such as data analysis, enterprise, search-based, and web-based and software, among others. The market has also been segmented and analyzed in terms of the main countries of the region, such as the U.K., Germany, and France, among others.

The increase in the usage of social media analytics by organizations to analyze consumer behavior and design strategies accordingly is among the key drivers for the growth of the European text analytics market. In addition, organizations in the region are adopting text and related analytics solutions to gain competitive advantages over competitors in the European market. The European market accounted for a share of 25.

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