The Text Mining 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 Mining Market?
The size of the text mining market has experienced significant growth recently. It is projected to increase from $7.05 billion in 2024 to $8.51 billion in 2025, with a compound annual growth rate (CAGR) of 20.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Text Mining Industry?
By 2029, the text mining market is projected to reach a size of $17.82 billion, growing at a compound annual growth rate (CAGR) of 20.3%.
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What are the Key Growth Drivers Fueling the Text Mining Market?
The key drivers in the text mining market are:
• Rising demand for efficient data extraction and analysis from unstructured text sources
• Integration of text mining with other data analytics tools for comprehensive insights
• Increasing focus on customer experience management and personalization
• Expansion of big data analytics and growing awareness among enterprises
Global Market Segmentation: Identifying Major Text Mining Industry Segments
The text mining market covered in this report is segmented –
1) By Product: On-premise, Cloud-based
2) By Application: Data Analysis And Forecasting, Fraud Or Spam Detection, Intelligence And Law Enforcement, Customer Relationship Management (CRM), Text Mining For Natural Language Processing (NLP), Text Mining For Sentiment Analysis
3) By End-Use: Healthcare, Retail, Banking, Financial Services And Insurance (BFSI), Government, Media And Entertainment, Other End Users
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What are the Emerging Trends Shaping the Future of the Text Mining Market?
The key trends in the text mining market are:
• The integration of text mining with other data analytics tools for more comprehensive insights is growing.
• Contextual understanding and multilingual text mining are emerging as key trends.
• There is an increasing focus on customer experience management and personalization.
• Text classification, topic modelling, and advancements in deep learning are shaping the future of the market.
Who Are the Top Competitors & Leading Players in the Text Mining Market?
Major companies in the text mining market are:
• Microsoft Corporation
• International Business Machines Corporation
• SAP SE
• Capgemini SE
• SAS Institute
• Confirmit
• Basis Technology
• Kingland Systems LLC
• KNIME
• Altair Engineering Inc.
• RapidMiner
• Bitext
• Mozenda
• InMoment
• Semantic Web Company GmbH
• Wonderflow
• PrediCX
• NextWealth Entrepreneurs Private Limited
• Angoss Software Corporation
• Averbis GmbH
• Netowl Inc.
• MeaningCloud
• DeepOpinion
• Funnel Science
• SmatSocial
Regional Dominance: Which Area Leads the Global Text Mining Market?
North America was the largest region in the text mining market in 2024
