The Text Analytics Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Text Analytics Market?
The Text Analytics Global Market Report 2024 market experienced growth from $10.86 billion in 2024 to $12.75 billion in 2025. This represents a compound annual growth rate (CAGR) of 17.4%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Text Analytics Industry?
The Text Analytics Global Market is anticipated to rise exponentially in the forthcoming years, reaching $28.19 billion by 2029. This growth is expected to proceed at a compound annual growth rate (CAGR) of 21.9%.
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What are the Key Growth Drivers Fueling the Text Analytics Market?
The key drivers in the text analytics market are:
• Rise in demand for industry-specific solutions
• Widespread adoption of multilingual text analytics
• Increased utilization of predictive analytics and forecasting
• High demand for automated report generation
Global Market Segmentation: Identifying Major Text Analytics Industry Segments
The text analytics market covered in this report is segmented –
1) By Component: Software, Services
2) By Deployment: On-premise, Cloud
3) By Enterprise Size: Large Enterprises, Small And medium Enterprises (SME’s)
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What are the Emerging Trends Shaping the Future of the Text Analytics Market?
The key trends in the oncology information systems market are:
• The future of the Text Analytics Global Market is set to be shaped through a deep focus on explainability in AI models.
• There is a growing trend towards the application of voice-to-text analytics.
• The integration of artificial intelligence and machine learning is another emerging trend in this market.
• Automation in text summarization, and the enhancement of conversational AI and chatbots are significant trends impacting the future of the market.
Who Are the Top Competitors & Leading Players in the Text Analytics Market?
Major companies in the text analytics market are:
• International Business Machines Corporation
• Microsoft Corporation
• SAP SE
• SAS Institute Inc.
• Lexalytics Inc.
• Luminoso Technologies Inc.
• Clarabridge Inc.
• Micro Focus International PLC
• OpenText Corporation
• RapidMiner Inc.
• Infegy Inc.
• Medallia Inc.
• Megaputer Intelligence Inc.
• Oracle Corporation
• TIBCO Software Inc.
• Bitext Innovations SL
• Basis Technology Corporation
• MeaningCloud LLC
• KNIME.com AG
• Averbis GmbH
• bizAmica Software Pvt. Ltd.
• Kingland Systems
• Capgemini SE
• NICE Ltd.
• Verint Systems Inc.
• Amazon Web Services Inc.
• Expert System S. p. A.
• Aylien Ltd.
• Provalis Research
• Linguamatics Ltd.
Regional Dominance: Which Area Leads the Global Text Analytics Market?
North America was the largest region in the text analytics market in 2024
