Global
Text
Mining Software Market is expected to grow at a significant CAGR in the
upcoming years as the scope and its applications are rising enormously across
the globe. Text mining is an automated analysis of the text that originates
high-quality information from text materials using the software. It is also
termed as text data mining. It extracts statements, facts, and relationship
from unstructured text and recognizes patterns that are difficult to
distinguish. Text mining computer programs are obtainable from commercial as
well as open source companies. In text mining software, XML is used as an ideal
format to encode documents in a format that is readable by computers. It is
exclusively used for encoding documents so that computer programs can display
the content appropriately.
Text
Mining Software Market is segmented based on applications and region.
Applications into Analyzing Open-Ended Survey Responses, Automatic Processing
of Messages and Emails, Analyzing Warranty or Insurance Claims and Diagnostic
Interviews, Investigating Competitors by Crawling their Web Sites, and others
classify the market.
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End
users such as Retail Sector, Cybersecurity,
Academia/Science/Healthcare/Research, and others classify Text Mining Software
Market. Text Mining Software Market is segmented geographically Americas (North
America, Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific,
Latin America, Middle East and Africa.
On
the other hand, Asia Pacific is estimated to grow at the fastest pace in the
years to come. The key players of Text Mining Software Market are Medallia,
Crimson Hexagon, Angoss Software, Provalis Research NICE Systems, InMoment,
Texifter, SAS Institute, Clarabridge, Etuma, and IBM. These players are
concentrating on inorganic growth to sustain themselves amongst fierce
competition. As such, mergers, acquisitions, and joint ventures are the need of
the hour.
Market Segment:
This report studies the global Text
Mining Software market, analyzes and researches the Text Mining Software
development status and forecast in United States, EU, Japan, China, India and
Southeast Asia. This report focuses on the top players in global market, like
•
Crimson Hexagon
•
Provalis Research
•
InMoment
•
SAS Institute
•
Etuma
•
IBM
•
Clarabridge
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