The Text Analytics Market size is estimated at USD 10.49 billion in 2024, and is expected to reach USD 56.24 billion by 2029, growing at a CAGR of 39.90% during the forecast period (2024-2029).
Many cloud-based applications use text analytics, including predictive analytics, fraud management, risk management, business intelligence, and cybercrime prevention.
The text analytics market is a propelling market with several players. However, major players such as IBM Corporation and SAP SE dominate the market. Therefore, the market is consolidated.
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