Frequently Asked Questions
Text Analytics is the process of deriving insights from unstructured text using NLP and AI to analyze patterns and sentiments.
Key factors include AI advancements, data explosion, and demand for real-time insights.
The market is projected to grow from USD 17.9 billion in 2026 to USD 92.4 billion by 2035.
The market is expected to grow at a CAGR of 20% during 2026-2035.
North America will contribute notably, holding a 40% share due to technological leadership.
Major players include IBM, Microsoft, Oracle, SAS Institute, SAP, and Google.
The report provides market size, trends, segmentation, regional insights, key players, and forecasts.
Stages include data collection, software development, deployment, analysis, and insight generation.
Trends focus on AI integration and real-time processing, with preferences for cloud-based, ethical solutions.
Data privacy regulations like GDPR drive compliant tools, while sustainability influences energy-efficient AI.