Text mining (also referred to as text analytics) is an artificial intelligence (AI) technology that uses natural language processing (NLP) to transform the free (unstructured) text in documents and databases into normalized, structured data suitable for analysis or to drive machine learning (ML) algorithms.
This report contains market size and forecasts of Text Mining in Global, including the following market information:
Global Text Mining Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Text Mining market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
On-Premise Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Text Mining include IBM, Microsoft, SAS Institute, SAP SE, RapidMiner, Confirmit, Predixion Software, Lexalytics and Angoss Software. etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Text Mining companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Text Mining Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Text Mining Market Segment Percentages, by Type, 2021 (%)
On-Premise
Cloud-Based
Global Text Mining Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Text Mining Market Segment Percentages, by Application, 2021 (%)
Data Analysis & Forecasting
Fraud/Spam Detection
Intelligence & Law Enforcement
Customer Relationship Management (CRM)
Global Text Mining Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Text Mining Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Text Mining revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Text Mining revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
IBM
Microsoft
SAS Institute
SAP SE
RapidMiner
Confirmit
Predixion Software
Lexalytics
Angoss Software