(MENAFN - Market Research Future) Investors weighed signs of the economy, recovering against a rise in coronavirus infections in the global Sentiment Analytics Market. The coronavirus has prompted many regions to reassess the need to raise the markets from a definite period. Market Research Future digs into account and found that the market would rise at a pace of 14% CAGR and would reach USD 6 Billion valuations by 2023. The study reveals that the overall market would get bigger post the pandemic at an increased pace with the invention of the new-fangled dynamism, which is making rapid progress in the market’s growth, mainly from the years 2017-2023 (forecasted period).
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The well-known players in the sentiment analytics market are included as Clarabridge (U.S.), Angoss Sentiment Corporation (Canada), SAS Institute (U.S.), IBM (U.S.), Bottlenose.Com (U.S.), Aylien (Ireland), Brandwatch (U.K.), Crowdflower (U.S.), Adoreboard (U.K.) and Twizoo (U.K.).
The sentiment analytics market is further segmented among the segments, such as components, deployment, organization size, and vertical.
Depending on the organization size segment, small and medium enterprises hold the largest market share. Escalating competition creates an opportunity for businesses to collect efficient data related to sentiment development is one of the prime factors boosting the sentiment analytics market.
Sentiment analytics market by components segment: Comprises sentiment, professional services, service and support, and maintenance services.
Sentiment analytics market by deployment segment: Comprises cloud and on-premise.
Sentiment analytics market by vertical segment: Comprises BFSI, transportation & logistics, retail, education, healthcare & life sciences, media & entertainment, and others.
The regional analysis of the sentiment analytics market is being studied for regions of the Americas, Europe, Asia Pacific, and the Rest of the World.
Among these, the North America region holds the highest market share in the sentiment analytics market owing to the incidence of significant players in the region and the adoption of sentiment analytics solutions by small and big enterprises. Countries such as the US and Canada contribute a tremendous amount of revenue in the sentiment analytics market in the region.
Asia‐Pacific region is likely to be increasing at the highest CAGR. Enterprises in the region are funding massively in sentiment analytical tools to progress business efficiency and productivity, and mounting sentiment companies in the region is boosting the market in the region. APEJ and Japan are predicted to develop at the highest CAGR in the anticipated period owing to rapid digitalization and raising brand awareness and image in developing countries.
On the other hand, the MEA region is likely to prove stagnant growth in the sentiment analysis software market.
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Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
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