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Global Text Analytics Market 2022-2029 | Industry Size, Share, Trends, Demand, Growth, Opportunities and Forecast 2029

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Pune, India, May 23, 2022 (GLOBE NEWSWIRE) — The global text analytics market size is anticipated to showcase considerable growth in the forthcoming years due to rising demand for social media analysis. This information is published by Fortune Business Insights in its report, titled “Text Analytics Market, 2022-2029“. The tool offers insights from various forms of text sources such as emails, blogs, tweet, product reviews, client interaction, and others. The data accumulated from different sources of data structured and unstructured is used to analyze and the assist business decisions. It also anticipates consumer behavior which is a major driver for the market.

Industry Development:

August 2020: Microsoft Corporation launched its text analytics for frontline workers during the coronavirus infection. The tool is expected to support frontline workers to gain insights from unstructured medical data to deal with coronavirus impact.

Request a Sample Copy of the Research Report:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/text-analytics-market-104813

Report Highlights:

  • A comprehensive overview of the Text Analytics Market
  • Significant factors boosting, restricting, challenging and providing an opportunity to the market
  • Key insights and major industry developments
  • Significant players functioning in the Text Analytics Market
  • Major strategies adopted by players such as the launch of new products for better revenue generation, company collaborations, and others
  • Other market trends

COVID-19 Impact

Increasing Amount of Textual Data Due to Work from Home to Facilitate Growth

The impact of COVID-19 is anticipated to propel the market growth in the foreseeable future. This is due to the rising amount of unstructured and structured data generated as people continue to follow work from home culture. Moreover, the rising amount of user generated data across various social media platforms is expanding the market for text analytics. The highly communicable virus has also transferred most of the financial transactions as well as retail industry online which is further generating a significant amount of data for analysis by various stakeholders.

Market Segmentation

By component, the market for text analytics is segmented into solution and services. On the basis of application, the market is divided into competitive intelligence, customer relationship management, predictive analysis, fraud detection, risk management, social media analysis, workforce management, document management, and others. By deployment, the market is bifurcated into cloud and on-premises. On the basis of enterprise size, the market is classified into SMEs and large enterprises. By end user, industry is segmented into BFSI, retail, government, healthcare, manufacturing, IT and telecom, media and entertainment, travel and hospitality, and others. Based on geography, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

What Does the Report Contain?

The report offers an insight into the profitability, entire structure, and scale of text analytics industry. It also studies the drivers and restraints and considers all the potential threats to the market. The critical analysis of marketplace sections, prediction analysis, and expert insights are strategically included in the report. A wide spectrum of data, including regional analysis, market segmentation, industry developments, and key players, are included in the research conducted by market experts.

Click here to get the short-term and long-term impact of COVID-19 on this Market.

Please visit: https://www.fortunebusinessinsights.com/text-analytics-market-104813

Drivers & Restraints

Rising Volume of User Generated Data to Spur Demand

The rising amount of data generated by users across various social media platforms is augmenting substantial text analytics market growth. The work-from-home scenario due to coronavirus infection has resulted in substantial amount of text data generated on various platforms. The competitive intelligence extracted from such data is one of the major drivers for the market growth.

Also, the advanced technology used by these analytic tools such as machine learning, and artificial intelligence are propelling the development of the market. For instance, in 2019, a report by Hitachi solution stated that artificial intelligence generated USD 40 billion in additional revenue in the retail sector.

Regional Insights

Widespread Adoption of Advanced Technology to Boost the North America Market

North America is expected to hold the major text analytics market share in the foreseeable future. This is due to the increasing adoption of technologies such as artificial intelligence, big data, machine learning, internet of things, and others to develop the product. In addition to this the growing demand for competitive intelligence is anticipated to propel the market growth. For instance, in 2020, Microsoft announced the addition of Hindi in its analytics service to support organization and business with customer sentiment analysis.

Asia Pacific is also expected to grow in similar manner in the foreseeable future. The high-end techno technologies used in the region for analyzing structured and unstructured data is boosting product growth.

Competitive Landscape

Eminent Companies Focus on Product Innovation to Facilitate Client Requirements

The market is peppered with constant innovation in product along with integration of latest technology available. These innovations are targeted towards extracting sensitive information from the text generated by users across various online platforms. The growing demand for competitive intelligence among market giants multiple sectors is encouraging product variants in the market according to the client requirements. For example, in 2020, SAS introduced its COVID-19 search tool that might extract text and numerical data from more than n50 thousand articles of research for the user to quickly access relevant information.

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https://www.fortunebusinessinsights.com/checkout-page/104813

List of Key Players Profiled in the Market:

  • SAP SE
  • IBM Corporation
  • Knime.Com AG
  • SAS Institute, Inc.
  • Microsoft Corporation
  • Netbase Solutions
  • OpenText Corporation
  • Bitext Innovations S.L.
  • Megaputer Intelligence, Inc.
  • RapidMiner, Inc.
  • Luminoso Technologies, Inc.
  • Infegy, Inc.
  • Indium Software
  • Brandwatch
  • Lexalytics, Inc.
  • Clarabridge
  • HP Enterprise

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: [email protected]

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

PractiTest Pushes Boundaries of Test Management with Milestones Release

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REHOVOT, Israel, May 6, 2024 /PRNewswire/ — PractiTest, a leader in innovative test management solutions, continues to push the boundaries with the release of Milestones, a powerful project management module enabling QA teams to align and stay connected to business goals. PractiTest’s New Milestones Module empowers QA teams to define high-level testing objectives within set timeframes. This results in well-defined roadmaps for sprint planning, major releases, or other pivotal project Milestones. By setting these objectives, QA teams gain a focused understanding of their contribution to broader business objectives and deadlines.

“Milestones have given us increased granularity in our ability to organize our testing,” says Tony, a system engineer at Battelle. “Having traceability was good, but Milestones allow us to plan much more clearly and easily.”
Milestones establish a seamless link between QA initiatives and overarching business strategies, ensuring testing efforts directly contribute to achieving company objectives. By defining clear testing objectives and schedules for each project phase, QA teams can stay on track and ensure efficient use of resources. The Milestones module also improves visibility, providing a high-level overview of the entire testing process and promoting seamless communication and collaboration among cross-functional teams.
PractiTest’s Commitment to Innovation
The release of Milestones reaffirms PractiTest’s dedication to providing cutting-edge solutions that empower QA teams to thrive.
“In today’s competitive environment, ensuring QA aligns with business objectives is imperative,” says Yaniv Iny, CEO of PractiTest. “The Milestones module is a testament to our commitment to empowering QA teams to evolve into strategic partners, fostering quality and delivering tangible outcomes while staying in sync with overarching business objectives.”
About PractiTest
PractiTest is an end-to-end test management platform designed to simplify and untangle complexity for complex and robust environments. PractiTest centralizes all your QA work, processes, teams, and tools into one platform to bridge silos, unify communication, and enable one source of truth across your organization. With PractiTest you can make informed data-driven decisions based on end-to-end visibility provided by customizable reports, real-time dashboards, and dynamic filter views.
For more information about PractiTest visit: https://www.practitest.com/
Media Contact:May [email protected]
Logo: https://mma.prnewswire.com/media/1997506/PractiTest_Logo.jpg

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Artificial Intelligence

EZVIZ unveils its groundbreaking H9c Dual-lens Smart Pan-and-tilt Camera series: a new paradigm for automated, all-round outdoor protection

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By combining a pan-and-tilt panoramic lens and a fixed 180-degree wide-angle lens, one H9c Dual smartly secures large areas with performance better than that of two ordinary ones.
HOOFDDORP, Netherlands, May 6, 2024 /PRNewswire/ — EZVIZ, a leading global player in innovative smart home security, proudly introduces the H9c Dual series, its latest dual-lens outdoor pan-and-tilt cameras that redefine smart protection for homes and small businesses. With options in 2K and 3K resolutions, their groundbreaking design combines a sharp bullet camera and a flexible PT camera, addressing complex security needs effectively. The interlinked dual lenses work collaboratively to safeguard wide property areas, detect and track activities, and offer auto-patrol options for hands-free security.

“The H9c Dual challenges traditional outdoor cameras with unrivaled vision, unmatched automation, and high versatility for basically any scenario,” said Candice Tu, the lead product manager, “EZVIZ leads the way in the development and application of advanced dual-lens technology. This underlines our dedication to bringing cutting-edge technology within reach for practical, everyday situations.”
At the core of the H9c Dual is its groundbreaking dual-lens technology, highlighted by EZVIZ’s distinctive co-action function. The two lenses can work independently at two static viewing angles or act together as a team. When the fixed lens detects motions, the pan-and-tilt lens automatically rotates to track the same activity. This co-action function can also be manually controlled through the EZVIZ App.
The series addresses unnoticed blind spots by offering a 180-degree comprehensive view in a single frame, supplemented by the bottom PT lens for intricate close-ups. Both lenses, with high resolutions of 2K/3K, use built-in AI chips to detect people and vehicles in customizable zones, ensuring users are informed of crucial activities. Users can set up to four patrol spots for the PT lens to complete automatic rotations on a schedule.
Equipped with powerful LEDs, the H9c Dual provides color night vision up to 40 meters and warns potential trespassers with a loud siren and dazzling flashlight upon detection. Offering superior protection compared to a traditional two-camera system, the H9c is a breeze to set up thanks to its adaptable mounting design. Users can manage and control their H9c through the user-friendly EZVIZ App, and enjoy seamless integration with prevailing voice assistants and the larger EZVIZ ecosystem.
Learn more at www.ezviz.com.
Photo – https://mma.prnewswire.com/media/2404810/EZVIZ_H9c_Dual_Lens_Pan_Tilt_Wi_Fi_Camera.jpg

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Artificial Intelligence

Red light therapy for repairing spinal cord injury passes milestone

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BIRMINGHAM, England, May 6, 2024 /PRNewswire/ — Patients with spinal cord injury (SCI) could benefit from future treatment to repair nerve connections using red and near-infrared light.

The method, invented by University of Birmingham scientists and patented by University of Birmingham Enterprise, delivers light directly to the site of the injury. 
Their latest research, published in Bioengineering and Translational Medicine, determined an optimal ‘dose’ for this novel approach, and showed it can deliver therapeutic improvements including significant restoration of sensation and movement, and regeneration of damaged nerve cells. 
Researchers led by Professor Zubair Ahmed used cell models of SCI to determine the frequency and duration of light required to achieve maximum restoration of function and stimulate nerve cell regrowth. 
They found delivery at a wavelength of 660nm for one minute a day increased cell viability (the number of live cells) by 45% over five days’ treatment. 
Professor Ahmed said: “The effect of 660nm light was both neuroprotective, meaning it improved survival of nerve cells, and neuroregenerative, meaning it stimulated nerve cell growth.” 
The researchers also investigated the effect of light therapy in preclinical models of SCI, using an implantable device and transcutaneous delivery with the light source placed against the skin. They showed comparable results for both methods, with a one-minute dose of 660nm light, delivered daily for seven days resulting in reduced tissue scarring, increased levels of proteins associated with nerve cell regeneration, improvements in the connections between cells and significant functional recovery. 
This is the first time transcutaneous and direct light delivery have been compared in SCI. Professor Ahmed said: “To make light therapy viable for treating SCI in humans an implantable device will be required, to provide line of sight to damaged tissue and the opportunity for greater accuracy and standardise dosing without impedance due to the thickness of the skin and other tissues surrounding the spinal cord.”
The researchers are planning to develop an implantable device for use in humans with traumatic SCI. They have already received further funding and are seeking commercial partners or investors to develop a prototype device to take into first-in-man clinical trials.
Full release here. 
University of Birmingham Enterprise helps researchers turn ideas into products and services that meet real-world needs. Follow us on LinkedIn and X.
Photo: https://mma.prnewswire.com/media/2404909/University_of_Birmingham_Enterprise.jpg
Media enquiries: Ruth Ashton
Commercial enquiries: Veemal Bhowruth

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