Global Text Analytics Market to Reach $15.8 Billion by 2027
Amid the COVID-19 crisis, the global market for Text Analytics estimated at US$5.3 Billion in the year 2020, is projected to reach a revised size of US$15.8 Billion by 2027, growing at a CAGR of 16.8% over the period 2020-2027. Software, one of the segments analyzed in the report, is projected to record 15.4% CAGR and reach US$11 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 20.5% CAGR for the next 7-year period.
![Global Market for Text Analytics]( "Global Market for Text Analytics")
The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 16.2% CAGR
The Text Analytics market in the U.S. is estimated at US$1.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.7 Billion by the year 2027 trailing a CAGR of 16.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15% and 14.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.3% CAGR.
Select Competitors (Total 42 Featured):
Amid the COVID-19 crisis, the global market for Text Analytics estimated at US$5.3 Billion in the year 2020, is projected to reach a revised size of US$15.8 Billion by 2027, growing at a CAGR of 16.8% over the period 2020-2027. Software, one of the segments analyzed in the report, is projected to record 15.4% CAGR and reach US$11 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 20.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 16.2% CAGR
The Text Analytics market in the U.S. is estimated at US$1.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.7 Billion by the year 2027 trailing a CAGR of 16.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15% and 14.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.3% CAGR.
Select Competitors (Total 42 Featured):
- Averbis GmbH
- Bitext Innovations S.L.
- Clarabridge, Inc.
- IBM Corporation
- Infegy, Inc.
- KNIME AG
- Lexalytics, Inc.
- Luminoso Technologies, Inc.
- Meaningcloud LLC
- Megaputer Intelligence, Inc.
- OpenText Corporation
- SAP SE
- SAS Institute, Inc.
Frequently Asked Questions about the Global Market for Text Analytics
What is the estimated value of the Global Market for Text Analytics?
The Global Market for Text Analytics was estimated to be valued at $5.3 Billion in 2020.
What is the growth rate of the Global Market for Text Analytics?
The growth rate of the Global Market for Text Analytics is 16.9%, with an estimated value of $15.8 Billion by 2027.
What is the forecasted size of the Global Market for Text Analytics?
The Global Market for Text Analytics is estimated to be worth $15.8 Billion by 2027.
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I. METHODOLOGYII. EXECUTIVE SUMMARY
2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
4. GLOBAL MARKET PERSPECTIVE
- Table 1: World Current & Future Analysis for Text Analytics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 2: World 7-Year Perspective for Text Analytics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027
- Table 3: World Current & Future Analysis for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 4: World 7-Year Perspective for Software by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- Table 5: World Current & Future Analysis for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 6: World 7-Year Perspective for Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- Table 7: World Current & Future Analysis for Customer experience management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 8: World 7-Year Perspective for Customer experience management by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- Table 9: World Current & Future Analysis for Marketing management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 10: World 7-Year Perspective for Marketing management by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- Table 11: World Current & Future Analysis for Governance, risk, and compliance management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 12: World 7-Year Perspective for Governance, risk, and compliance management by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- Table 13: World Current & Future Analysis for Document management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 14: World 7-Year Perspective for Document management by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- Table 15: World Current & Future Analysis for Workforce management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 16: World 7-Year Perspective for Workforce management by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- Table 17: World Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 18: World 7-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
III. MARKET ANALYSIS
- UNITED STATES
- Table 19: USA Current & Future Analysis for Text Analytics by Component - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 20: USA 7-Year Perspective for Text Analytics by Component - Percentage Breakdown of Value Sales for Software and Services for the Years 2020 & 2027
- Table 21: USA Current & Future Analysis for Text Analytics by Application - Customer experience management, Marketing management, Governance, risk, and compliance management, Document management, Workforce management and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 22: USA 7-Year Perspective for Text Analytics by Application - Percentage Breakdown of Value Sales for Customer experience management, Marketing management, Governance, risk, and compliance management, Document management, Workforce management and Other Applications for the Years 2020 & 2027
- CANADA
- Table 23: Canada Current & Future Analysis for Text Analytics by Component - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 24: Canada 7-Year Perspective for Text Analytics by Component - Percentage Breakdown of Value Sales for Software and Services for the Years 2020 & 2027
- Table 25: Canada Current & Future Analysis for Text Analytics by Application - Customer experience management, Marketing management, Governance, risk, and compliance management, Document management, Workforce management and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 26: Canada 7-Year Perspective for Text Analytics by Application - Percentage Breakdown of Value Sales for Customer experience management, Marketing management, Governance, risk, and compliance management, Document management, Workforce management and Other Applications for the Years 2020 & 2027
- JAPAN
- Table 27: Japan Current & Future Analysis for Text Analytics by Component - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 28: Japan 7-Year Perspective for Text Analytics by Component - Percentage Breakdown of Value Sales for Software and Services for the Years 2020 & 2027
- Table 29: Japan Current & Future Analysis for Text Analytics by Application - Customer experience management, Marketing management, Governance, risk, and compliance management, Document management, Workforce management and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 30: Japan 7-Year Perspective for Text Analytics by Application - Percentage Breakdown of Value Sales for Customer experience management, Marketing management, Governance, risk, and compliance management, Document management, Workforce management and Other Applications for the Years 2020 & 2027
- CHINA
- Table 31: China Current & Future Analysis for Text Analytics by Component - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 32: China 7-Year Perspective for Text Analytics by Component - Percentage Breakdown of Value Sales for Software and Services for the Years 2020 & 2027
- Table 33: China Current & Future Analysis for Text Analytics by Application - Customer experience management, Marketing management, Governance, risk, and compliance management, Document management, Workforce management and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 34: China 7-Year Perspective for Text Analytics by Application - Percentage Breakdown of Value Sales for Customer experience management, Marketing management, Governance, risk, and compliance management, Document management, Workforce management and Other Applications for the Years 2020 & 2027
- EUROPE
- Table 35: Europe Current & Future Analysis for Text Analytics by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 36: Europe 7-Year Perspective for Text Analytics by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027
- Table 37: Europe Current & Future Analysis for Text Analytics by Component - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 38: Europe 7-Year Perspective for Text Analytics by Component - Percentage Breakdown of Value Sales for Software and Services for the Years 2020 & 2027
- Table 39: Europe Current & Future Analysis for Text Analytics by Application - Customer experience management, Marketing management, Governance, risk, and compliance management, Document management, Workforce management and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 40: Europe 7-Year Perspective for Text Analytics by Application - Percentage Breakdown of Value Sales for Customer experience management, Marketing management, Governance, risk, and compliance management, Document management, Workforce management and Other Applications for the Years 2020 & 2027
- FRANCE
- Table 41: France Current & Future Analysis for Text Analytics by Component - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 42: France 7-Year Perspective for Text Analytics by Component - Percentage Breakdown of Value Sales for Software and Services for the Years 2020 & 2027
- Table 43: France Current & Future Analysis for Text Analytics by Application - Customer experience management, Marketing management, Governance, risk, and compliance management, Document management, Workforce management and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 44: France 7-Year Perspective for Text Analytics by Application - Percentage Breakdown of Value Sales for Customer experience management, Marketing management, Governance, risk, and compliance management, Document management, Workforce management and Other Applications for the Years 2020 & 2027
- GERMANY
- Table 45: Germany Current & Future Analysis for Text Analytics by Component - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 46: Germany 7-Year Perspective for Text Analytics by Component - Percentage Breakdown of Value Sales for Software and Services for the Years 2020 & 2027
- Table 47: Germany Current & Future Analysis for Text Analytics by Application - Customer experience management, Marketing management, Governance, risk, and compliance management, Document management, Workforce management and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 48: Germany 7-Year Perspective for Text Analytics by Application - Percentage Breakdown of Value Sales for Customer experience management, Marketing management, Governance, risk, and compliance management, Document management, Workforce management and Other Applications for the Years 2020 & 2027
- ITALY
- Table 49: Italy Current & Future Analysis for Text Analytics by Component - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 50: Italy 7-Year Perspective for Text Analytics by Component - Percentage Breakdown of Value Sales for Software and Services for the Years 2020 & 2027
- Table 51: Italy Current & Future Analysis for Text Analytics by Application - Customer experience management, Marketing management, Governance, risk, and compliance management, Document management, Workforce management and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 52: Italy 7-Year Perspective for Text Analytics by Application - Percentage Breakdown of Value Sales for Customer experience management, Marketing management, Governance, risk, and compliance management, Document management, Workforce management and Other Applications for the Years 2020 & 2027
- UNITED KINGDOM
- Table 53: UK Current & Future Analysis for Text Analytics by Component - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 54: UK 7-Year Perspective for Text Analytics by Component - Percentage Breakdown of Value Sales for Software and Services for the Years 2020 & 2027
- Table 55: UK Current & Future Analysis for Text Analytics by Application - Customer experience management, Marketing management, Governance, risk, and compliance management, Document management, Workforce management and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 56: UK 7-Year Perspective for Text Analytics by Application - Percentage Breakdown of Value Sales for Customer experience management, Marketing management, Governance, risk, and compliance management, Document management, Workforce management and Other Applications for the Years 2020 & 2027
- REST OF EUROPE
- Table 57: Rest of Europe Current & Future Analysis for Text Analytics by Component - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 58: Rest of Europe 7-Year Perspective for Text Analytics by Component - Percentage Breakdown of Value Sales for Software and Services for the Years 2020 & 2027
- Table 59: Rest of Europe Current & Future Analysis for Text Analytics by Application - Customer experience management, Marketing management, Governance, risk, and compliance management, Document management, Workforce management and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 60: Rest of Europe 7-Year Perspective for Text Analytics by Application - Percentage Breakdown of Value Sales for Customer experience management, Marketing management, Governance, risk, and compliance management, Document management, Workforce management and Other Applications for the Years 2020 & 2027
- ASIA-PACIFIC
- Table 61: Asia-Pacific Current & Future Analysis for Text Analytics by Component - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 62: Asia-Pacific 7-Year Perspective for Text Analytics by Component - Percentage Breakdown of Value Sales for Software and Services for the Years 2020 & 2027
- Table 63: Asia-Pacific Current & Future Analysis for Text Analytics by Application - Customer experience management, Marketing management, Governance, risk, and compliance management, Document management, Workforce management and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 64: Asia-Pacific 7-Year Perspective for Text Analytics by Application - Percentage Breakdown of Value Sales for Customer experience management, Marketing management, Governance, risk, and compliance management, Document management, Workforce management and Other Applications for the Years 2020 & 2027
- REST OF WORLD
- Table 65: Rest of World Current & Future Analysis for Text Analytics by Component - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 66: Rest of World 7-Year Perspective for Text Analytics by Component - Percentage Breakdown of Value Sales for Software and Services for the Years 2020 & 2027
- Table 67: Rest of World Current & Future Analysis for Text Analytics by Application - Customer experience management, Marketing management, Governance, risk, and compliance management, Document management, Workforce management and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 68: Rest of World 7-Year Perspective for Text Analytics by Application - Percentage Breakdown of Value Sales for Customer experience management, Marketing management, Governance, risk, and compliance management, Document management, Workforce management and Other Applications for the Years 2020 & 2027
IV. COMPETITION
- Total Companies Profiled: 42
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