The U.S. is estimated to hold a share of 77.2% of the overall North American Text Analytics Market by 2014.
(PRWEB) December 05, 2014
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. Complete report is available at http://www.reportsnreports.com/reports/319517-north-america-text-analytics-market-research-report.html.
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), 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. The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help the firms in garnering a greater share in the North American market. Firms purchasing the report could use any one or combination of the five strategies (market penetration, product development/innovation, market development, market diversification and competitive assessment) for strengthening their market share. Order a copy of this report at http://www.reportsnreports.com/purchase.aspx?name=319517 .
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. From an insight perspective, this research report has focused on various levels of analysis - industry analysis (industry trends and PEST analysis), market share analysis of top players, supply chain analysis and company profiles, which together provide basic views on the competitive landscape; emerging and high-growth segments of the North American text analytics market; high-growth countries and their respective regulatory policies; government initiatives and market drivers, restraints and opportunities. Priced at US $ 3500 for a single user PDF, Inquire before buying on this research report at http://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=319517 .
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