Micro Market Monitor: Text Analytics Market in North America

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Dec 18, 2014, 11:57 ET

DUBLIN, Dec. 18, 2014 /PRNewswire/ --Research and Markets

(http://www.researchandmarkets.com/research/4c22q5/micro_market) has announced the addition of the "Micro Market Monitor: Text Analytics Market in North America" report to their offering.

http://photos.prnewswire.com/prnh/20130307/600769

The North America text analytics market is estimated to grow at a CAGR of 22.8% from 2014 to 2019. Although the U.S holds the larger shares in the North American text analytics market, the market segment in Canada is expected to grow considerably in the coming years. The growth of the text analytics market in this region is driven by technological advancements and the growing need to extract useful data from the big data available on the Web.

Moreover, emerging economies such as the U.S. and Canada are creating growth opportunities for the North American text analytics solutions in this region. However, text analytics is time consuming when it comes to searching for specific information related to a particular keyword, thereby acting as a possible restraint to the growth of the text analytics market in the North American region.

The North American text analytics market is segmented and forecast on the basis of submarkets such as data analysis applications, enterprise applications, search-based applications, and Web-based and software applications, among others. The market is further segmented and forecast on the basis of end-users such as enterprises, and Small and Medium Businesses (SMBs).

The North American text analytics market is also segmented on the basis of the major countries in this region such as the U.S. and Canada. Factors such as increase in the usage of social media to analyze the consumer behavior by the organization, so as to design the strategies accordingly, and the rapid growth in the tech-savvy population are driving the growth of the text analytics market in the North American region.

North America is estimated to command a share of 38.7% of the global text analytics market in 2014. The U.S. is estimated to hold a share of 77.2% of the overall North American text analytics market by 2014. The North American text analytics market is primarily driven by the technological advancements and extensive use of social media in this region.

As of 2014, the North American text analytics market is dominated by IBM (U.S.), Microsoft Business Division (U.S.), and Oracle Services (U.S.), among others. New product launches, partnerships, acquisitions, and collaborations are the major strategies adopted by the most of the players to achieve growth in the North American text analytics market.

Key Topics Covered:

1. Introduction

2. Executive Summary

3. North America Text Analytics Market Overview

4. North America Text Analytics Market Size and Forecast By Applications

5. North America Text Analytics Market Size and Forecast by Users

6. North America Text Analytics Market Size and Forecast by Deployment Model

7. North America Text Analytics Market Size and Forecast by Verticals

8. North America Text Analytics Market Size and Forecast By Geography

9. North America Text Analytics Market Landscape

10. Company Profiles (Overview, Products & Services, Strategies & Insights, Developments and MNM View)

Companies Mentioned: