North America Commanded a Share of 38.7% in 2014 of the Global Text Analytics Market

Date: 2015-08-12

The North America Text Analytics market is estimated to grow at a CAGR of 19.3% from 2014-2019. Although, U.S. holds the largest share in North America Text Analytics market, Canada is expected to grow considerably. The growth of text analytics market in this region is driven by technological advancements and the urge of getting useful data from the big data available on web. However, text analytics is time consuming when it comes to searching for specific information pertaining to a particular word. Moreover, emerging economies such as the U.S. and Canada are creating growth opportunities for the North America text analytics solutions.

North America Text Analytics market is segmented and forecast on the basis of submarkets such as data analysis applications, enterprise applications, search-based applications, web-based and software applications and others. The North America text analytics market is also segmented on the basis of major countries in this region such as the U.S., Canada and Mexico.

North America commanded a share of 38.7% in 2014 of the global text analytics market. U.S. held a share of 77.2% of the overall North America text analytics market in 2014.

As of 2014, the North America Text Analytics market is estimated to be dominated by IBM (U.S.), Microsoft Business Division (U.S.), Dummy Oracle Services (U.S.) New product launches, partnerships, acquisitions and collaborations are the major strategies adopted by the most of the players to achieve growth in the North America text analytics market.

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