The North America Text Analytics Market would witness market growth of 16.9% CAGR during the forecast period (2024-2031).
The US market dominated the North America Text Analytics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $8,888.3 million by 2031. The Canada market is experiencing a CAGR of 19.4% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 18.4% during (2024 - 2031).
These analytics, or text mining, is the process of extracting meaningful insights, patterns, and knowledge from unstructured textual data. It involves using computational techniques and tools to analyze large volumes of text data, transforming it into structured formats that can be easily interpreted and used for decision-making. By leveraging technologies like natural language processing (NLP), machine learning (ML), and artificial intelligence (AI), these analytics helps organizations uncover trends, sentiments, and other valuable information hidden within text.
The driving force behind the expansion of this market is the exponential growth in data volume across industries. With the proliferation of digital platforms and widespread internet penetration, businesses are inundated with a constant stream of text-based data. Social media platforms contribute significantly, with users generating billions of posts, comments, and reviews daily. These user-generated texts hold immense potential for understanding customer preferences, brand perception, and emerging market trends.
in Canada, telecom companies are heavily investing in digital communication platforms and 5G infrastructure, driving the adoption of these analytics tools. These tools are being utilized to optimize customer support, analyze service delivery patterns, and monitor network performance. The ICT sector, which contributed $104.5 billion to Canada’s GDP in 2021 (5.3% of the total GDP), plays a pivotal role in the nation’s economy and continues to expand, accounting for 15.3% of national GDP growth between 2016 and 2021. Regulatory bodies like the Canadian Radio-television and Telecommunications Commission (CRTC) are actively enhancing digital services and infrastructure, creating further opportunities for these analytics in the telecom industry. As a result, the North America market is poised to present lucrative growth opportunities for text analytics, making it an essential tool in the region's expanding digital landscape.
Free Valuable Insights: The Text Analytics Market is Predict to reach USD 32.00 Billion by 2031, at a CAGR of 17.6%
Based on Component, the market is segmented into Software, and Services (Professional, and Managed). Based on Deployment Type, the market is segmented into On-Demand, and On-Premise. Based on Enterprise Size, the market is segmented into Large Enterprises, and SMEs. Based on Industry Vertical, the market is segmented into Retail, BFSI, Travel & Hospitality, Media & Entertainment, Healthcare, IT & Telecom, and Other Industry Vertical. Based on Application, the market is segmented into Customer Experience, Marketing, GRC, Document Management, Workforce Management, and Other Application. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Qualtrics, LLC
- IBM Corporation
- Luminoso Technologies, Inc.
- Megaputer Intelligence, Inc.
- Microsoft Corporation
- Micro Focus International PLC (Open Text Corporation)
- Oracle Corporation
- SAP SE
- SAS Institute Inc.
- Averbis GmbH
North America Text Analytics Market Report Segmentation
By Component
By Deployment Type
By Enterprise Size
By Industry Vertical
- Retail
- BFSI
- Travel & Hospitality
- Media & Entertainment
- Healthcare
- IT & Telecom
- Other Industry Vertical
By Application
- Customer Experience
- Marketing
- GRC
- Document Management
- Workforce Management
- Other Application
By Country
- US
- Canada
- Mexico
- Rest of North America
TABLE 1 North America Text Analytics Market, 2020 - 2023, USD Million
TABLE 2 North America Text Analytics Market, 2024 - 2031, USD Million
TABLE 3 North America Text Analytics Market by Component, 2020 - 2023, USD Million
TABLE 4 North America Text Analytics Market by Component, 2024 - 2031, USD Million
TABLE 5 North America Software Market by Region, 2020 - 2023, USD Million
TABLE 6 North America Software Market by Region, 2024 - 2031, USD Million
TABLE 7 North America Services Market by Region, 2020 - 2023, USD Million
TABLE 8 North America Services Market by Region, 2024 - 2031, USD Million
TABLE 9 North America Text Analytics Market by Services Type, 2020 - 2023, USD Million
TABLE 10 North America Text Analytics Market by Services Type, 2024 - 2031, USD Million
TABLE 11 North America Professional Market by Region, 2020 - 2023, USD Million
TABLE 12 North America Professional Market by Region, 2024 - 2031, USD Million
TABLE 13 North America Managed Market by Region, 2020 - 2023, USD Million
TABLE 14 North America Managed Market by Region, 2024 - 2031, USD Million
TABLE 15 North America Text Analytics Market by Deployment Type, 2020 - 2023, USD Million
TABLE 16 North America Text Analytics Market by Deployment Type, 2024 - 2031, USD Million
TABLE 17 North America On-Demand Market by Country, 2020 - 2023, USD Million
TABLE 18 North America On-Demand Market by Country, 2024 - 2031, USD Million
TABLE 19 North America On-Premise Market by Country, 2020 - 2023, USD Million
TABLE 20 North America On-Premise Market by Country, 2024 - 2031, USD Million
TABLE 21 North America Text Analytics Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 22 North America Text Analytics Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 23 North America Large Enterprises Market by Country, 2020 - 2023, USD Million
TABLE 24 North America Large Enterprises Market by Country, 2024 - 2031, USD Million
TABLE 25 North America SMEs Market by Country, 2020 - 2023, USD Million
TABLE 26 North America SMEs Market by Country, 2024 - 2031, USD Million
TABLE 27 North America Text Analytics Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 28 North America Text Analytics Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 29 North America Retail Market by Country, 2020 - 2023, USD Million
TABLE 30 North America Retail Market by Country, 2024 - 2031, USD Million
TABLE 31 North America BFSI Market by Country, 2020 - 2023, USD Million
TABLE 32 North America BFSI Market by Country, 2024 - 2031, USD Million
TABLE 33 North America Travel & Hospitality Market by Country, 2020 - 2023, USD Million
TABLE 34 North America Travel & Hospitality Market by Country, 2024 - 2031, USD Million
TABLE 35 North America Media & Entertainment Market by Country, 2020 - 2023, USD Million
TABLE 36 North America Media & Entertainment Market by Country, 2024 - 2031, USD Million
TABLE 37 North America Healthcare Market by Country, 2020 - 2023, USD Million
TABLE 38 North America Healthcare Market by Country, 2024 - 2031, USD Million
TABLE 39 North America IT & Telecom Market by Country, 2020 - 2023, USD Million
TABLE 40 North America IT & Telecom Market by Country, 2024 - 2031, USD Million
TABLE 41 North America Other Industry Vertical Market by Country, 2020 - 2023, USD Million
TABLE 42 North America Other Industry Vertical Market by Country, 2024 - 2031, USD Million
TABLE 43 North America Text Analytics Market by Application, 2020 - 2023, USD Million
TABLE 44 North America Text Analytics Market by Application, 2024 - 2031, USD Million
TABLE 45 North America Customer Experience Market by Country, 2020 - 2023, USD Million
TABLE 46 North America Customer Experience Market by Country, 2024 - 2031, USD Million
TABLE 47 North America Marketing Market by Country, 2020 - 2023, USD Million
TABLE 48 North America Marketing Market by Country, 2024 - 2031, USD Million
TABLE 49 North America GRC Market by Country, 2020 - 2023, USD Million
TABLE 50 North America GRC Market by Country, 2024 - 2031, USD Million
TABLE 51 North America Document Management Market by Country, 2020 - 2023, USD Million
TABLE 52 North America Document Management Market by Country, 2024 - 2031, USD Million
TABLE 53 North America Workforce Management Market by Country, 2020 - 2023, USD Million
TABLE 54 North America Workforce Management Market by Country, 2024 - 2031, USD Million
TABLE 55 North America Other Application Market by Country, 2020 - 2023, USD Million
TABLE 56 North America Other Application Market by Country, 2024 - 2031, USD Million
TABLE 57 North America Text Analytics Market by Country, 2020 - 2023, USD Million
TABLE 58 North America Text Analytics Market by Country, 2024 - 2031, USD Million
TABLE 59 US Text Analytics Market, 2020 - 2023, USD Million
TABLE 60 US Text Analytics Market, 2024 - 2031, USD Million
TABLE 61 US Text Analytics Market by Component, 2020 - 2023, USD Million
TABLE 62 US Text Analytics Market by Component, 2024 - 2031, USD Million
TABLE 63 US Text Analytics Market by Services Type, 2020 - 2023, USD Million
TABLE 64 US Text Analytics Market by Services Type, 2024 - 2031, USD Million
TABLE 65 US Text Analytics Market by Deployment Type, 2020 - 2023, USD Million
TABLE 66 US Text Analytics Market by Deployment Type, 2024 - 2031, USD Million
TABLE 67 US Text Analytics Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 68 US Text Analytics Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 69 US Text Analytics Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 70 US Text Analytics Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 71 US Text Analytics Market by Application, 2020 - 2023, USD Million
TABLE 72 US Text Analytics Market by Application, 2024 - 2031, USD Million
TABLE 73 Canada Text Analytics Market, 2020 - 2023, USD Million
TABLE 74 Canada Text Analytics Market, 2024 - 2031, USD Million
TABLE 75 Canada Text Analytics Market by Component, 2020 - 2023, USD Million
TABLE 76 Canada Text Analytics Market by Component, 2024 - 2031, USD Million
TABLE 77 Canada Text Analytics Market by Services Type, 2020 - 2023, USD Million
TABLE 78 Canada Text Analytics Market by Services Type, 2024 - 2031, USD Million
TABLE 79 Canada Text Analytics Market by Deployment Type, 2020 - 2023, USD Million
TABLE 80 Canada Text Analytics Market by Deployment Type, 2024 - 2031, USD Million
TABLE 81 Canada Text Analytics Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 82 Canada Text Analytics Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 83 Canada Text Analytics Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 84 Canada Text Analytics Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 85 Canada Text Analytics Market by Application, 2020 - 2023, USD Million
TABLE 86 Canada Text Analytics Market by Application, 2024 - 2031, USD Million
TABLE 87 Mexico Text Analytics Market, 2020 - 2023, USD Million
TABLE 88 Mexico Text Analytics Market, 2024 - 2031, USD Million
TABLE 89 Mexico Text Analytics Market by Component, 2020 - 2023, USD Million
TABLE 90 Mexico Text Analytics Market by Component, 2024 - 2031, USD Million
TABLE 91 Mexico Text Analytics Market by Services Type, 2020 - 2023, USD Million
TABLE 92 Mexico Text Analytics Market by Services Type, 2024 - 2031, USD Million
TABLE 93 Mexico Text Analytics Market by Deployment Type, 2020 - 2023, USD Million
TABLE 94 Mexico Text Analytics Market by Deployment Type, 2024 - 2031, USD Million
TABLE 95 Mexico Text Analytics Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 96 Mexico Text Analytics Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 97 Mexico Text Analytics Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 98 Mexico Text Analytics Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 99 Mexico Text Analytics Market by Application, 2020 - 2023, USD Million
TABLE 100 Mexico Text Analytics Market by Application, 2024 - 2031, USD Million
TABLE 101 Rest of North America Text Analytics Market, 2020 - 2023, USD Million
TABLE 102 Rest of North America Text Analytics Market, 2024 - 2031, USD Million
TABLE 103 Rest of North America Text Analytics Market by Component, 2020 - 2023, USD Million
TABLE 104 Rest of North America Text Analytics Market by Component, 2024 - 2031, USD Million
TABLE 105 Rest of North America Text Analytics Market by Services Type, 2020 - 2023, USD Million
TABLE 106 Rest of North America Text Analytics Market by Services Type, 2024 - 2031, USD Million
TABLE 107 Rest of North America Text Analytics Market by Deployment Type, 2020 - 2023, USD Million
TABLE 108 Rest of North America Text Analytics Market by Deployment Type, 2024 - 2031, USD Million
TABLE 109 Rest of North America Text Analytics Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 110 Rest of North America Text Analytics Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 111 Rest of North America Text Analytics Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 112 Rest of North America Text Analytics Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 113 Rest of North America Text Analytics Market by Application, 2020 - 2023, USD Million
TABLE 114 Rest of North America Text Analytics Market by Application, 2024 - 2031, USD Million
TABLE 115 Key Information – Qualtrics, LLC
TABLE 116 Key Information – IBM Corporation
TABLE 117 Key Information – Luminoso Technologies, Inc.
TABLE 118 Key Information – Megaputer Intelligence, Inc.
TABLE 119 Key Information – Microsoft Corporation
TABLE 120 Key Information – Micro Focus International PLC
TABLE 121 Key Information – Oracle Corporation
TABLE 122 Key Information – SAP SE
TABLE 123 Key Information – SAS Institute, Inc.
TABLE 124 Key Information – Averbis GmbH
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Text Analytics Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Text Analytics Market
FIG 4 Market Share Analysis, 2023
FIG 5 Porter’s Five Forces Analysis – Text Analytics Market
FIG 6 North America Text Analytics Market share by Component, 2023
FIG 7 North America Text Analytics Market share by Component, 2031
FIG 8 North America Text Analytics Market by Component, 2020 - 2031, USD Million
FIG 9 North America Text Analytics Market share by Deployment Type, 2023
FIG 10 North America Text Analytics Market share by Deployment Type, 2031
FIG 11 North America Text Analytics Market by Deployment Type, 2020 - 2031, USD Million
FIG 12 North America Text Analytics Market share by Enterprise Size, 2023
FIG 13 North America Text Analytics Market share by Enterprise Size, 2031
FIG 14 North America Text Analytics Market by Enterprise Size, 2020 - 2031, USD Million
FIG 15 North America Text Analytics Market share by Industry Vertical, 2023
FIG 16 North America Text Analytics Market share by Industry Vertical, 2031
FIG 17 North America Text Analytics Market by Industry Vertical, 2020 - 2031, USD Million
FIG 18 North America Text Analytics Market share by Application, 2023
FIG 19 North America Text Analytics Market share by Application, 2031
FIG 20 North America Text Analytics Market by Application, 2020 - 2031, USD Million
FIG 21 North America Text Analytics Market share by Country, 2023
FIG 22 North America Text Analytics Market share by Country, 2031
FIG 23 North America Text Analytics Market by Country, 2020 - 2031, USD Million
FIG 24 SWOT Analysis: IBM Corporation
FIG 25 SWOT Analysis: Microsoft Corporation
FIG 26 SWOT Analysis: Micro Focus International PLC
FIG 27 SWOT Analysis: Oracle Corporation
FIG 28 SWOT Analysis: SAP SE
FIG 29 SWOT Analysis: SAS INSTITUTE, INC.