Text Analytics Market Size by Deployment and by Geography | Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2024 | Technavio
Summary
LONDON--(BUSINESS WIRE)--The text analytics market is expected to grow by USD 8.77 billion, progressing at a CAGR of over 20% during the forecast period. The rising adoption of advanced technologies in end-user sectors such as telecommunications, BFSI, healthcare, travel and tourism, and retail is contributing to the text analytics market share growth in APAC. The rising penetration of smart mobile devices and improvements in network connectivity are some of the other factors contributing to market growth. • Market share assessments for the regional and country-level segments • Strategic recommendations for the new entrants • Strategic recommendations in key business segments based on the market estimations Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. • Emergence of AI and big data in text analytics Technavio is a leading global technology research and advisory company.