Text Analytics Market Competitive Landscape, Market Analysis, Segmentation and Trends | COVID-19 Effects
Market Summary
Market Research Future (MRFR), in its research study, emphasizes that the global market 2020 is projected to rise exponentially over the review period, ensuring significant market valuation of USD 9 Billion by 2023, and a healthy 17% CAGR over the review period.
Segmental Analysis
The text analytics market has been analyzed on the basis of components, deployment, application, and vertical.
Based on component, the text analytics market is bifurcated into software and services. The services segment comprises managed services and professional services.
On the basis of application, the text analytics market is segmented into marketing management, workforce management customer experience management, documentation management, along with risk and compliance management.
Based on deployment, the text analytics market is bifurcated into on-premise and cloud. Given the high-security risks of cloud-based deployment models, the on-premise deployment model is largely adopted by governmental organizations. Whereas the cloud-based deployment model is slated to account for the largest market share in the global text analytics market during the forecast period due to the increasing demand on the global market for cloud-based solutions.
Based on vertical, the global text analytics market is segmented into BSFI, IT and telecommunication, retail and e-commerce, government, manufacturing, travel and hospitality, energy and utilities, and others.
Browse Complete Report @
https://www.marketresearchfuture.com/reports/text-analytics-market-2989 Text Analytics Market Competitive Landscape, Market Analysis, Segmentation and Trends | COVID-19 Effects
Market Summary
Market Research Future (MRFR), in its research study, emphasizes that the global market 2020 is projected to rise exponentially over the review period, ensuring significant market valuation of USD 9 Billion by 2023, and a healthy 17% CAGR over the review period.
Segmental Analysis
The text analytics market has been analyzed on the basis of components, deployment, application, and vertical.
Based on component, the text analytics market is bifurcated into software and services. The services segment comprises managed services and professional services.
On the basis of application, the text analytics market is segmented into marketing management, workforce management customer experience management, documentation management, along with risk and compliance management.
Based on deployment, the text analytics market is bifurcated into on-premise and cloud. Given the high-security risks of cloud-based deployment models, the on-premise deployment model is largely adopted by governmental organizations. Whereas the cloud-based deployment model is slated to account for the largest market share in the global text analytics market during the forecast period due to the increasing demand on the global market for cloud-based solutions.
Based on vertical, the global text analytics market is segmented into BSFI, IT and telecommunication, retail and e-commerce, government, manufacturing, travel and hospitality, energy and utilities, and others.
Browse Complete Report @
https://www.marketresearchfuture.com/reports/text-analytics-market-2989