Advances in Technologies Widen Market Opportunities for Text Analytics Use
According to a recent report compiled by Transparency Market Research (TMR), the vendor landscape of the global text analytics market is estimated to show remarkable growth owing to the growing demand for IT industry all around the world. Large industries like aerospace and defense industries along with the telecom sector are major contributors of the text analytics market share worldwide. Defense and aerospace industries also implement text analytics in order to study their previous operation patterns as well as to optimize their future operations. Some of the major players of the global text analytics market are Angoss Software Corporation, RapidMiner, Inc., IBM Corporation, Attensity Group, Inc., and Microsoft Corporation. The competitive landscape of the market is fragmented with the presence of many big vendors who are focusing more on creating their brand image the largest in order to stabilize its foothold in the market. New entrants are expected to devise strategic...