According to a recent report published by Allied Market Research, titled, “Content Analytics Market by Deployment (On-premise and Cloud-based), Application (Web Analytics, Speech Analytics, Social Media Analytics, Text Analytics, Data Backup & Disaster Recovery, Surveillance, Storage Provisioning, and Others), Component (Sales & Operation Planning, Manufacturing Analytics, and Transportation & Logistics Analytics), and Industry Vertical (BFSI, Healthcare & Life Sciences, Telecommunications &IT, Government & Public Sector, Manufacturing, Consumer Goods & Retail, Media & Entertainment, and Others): Global Opportunity Analysis and Industry Forecast, 2022-2029″.
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Content is one of the most effective business tools to engage consumers. In addition, it is a way to engage and keep prospects customers to take specific actions. It aids administrations achieve business goals such as creating leads, brand awareness, raising revenue, creating great content to increase revenue.
Companies covered: Adobe Systems Inc., EVER TEAM SAS, Genesys, International Business Machines Corporation, Microsoft Corporation, Nice Systems Ltd., Oracle Corporation, SAP SE, SAS Institute Inc., TIBCO Software Inc., and Verint Systems.
Rapid digitalization in the government sector is one of the important factor to boost the global content analytics market. In addition, convergence of text analytics with big data to create useful business insights which help organizations in understanding the consumer behavior is boosting the demand for content analytics market. Moreover, real time content analytics and growing demand of advanced analytics & business intelligence are major factors that drives growth of the market. However, poor customer relationship management and expensive content analytics tools restricts growth of market. Contrarily, due to the growing threat of terrorism and the growing use of social media and technological advancements in the communication is expected to boost global content analytics market in the forecasted years.
The analysis of the text content in blogs, emails, forums, tweets, and forms of textual communication constitutes text analytics. Text analytics is applicable to most industries as it help analyze millions of emails and analyze customer’s comments and questions in forums. Organizations perform sentiment analysis using text analytics by measuring positive or negative perceptions of a company, brand, or product therefore, increasing the demand for content analytics market.
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