Text Mining Software Market Revenue was valued at USD 1.7 Billion in 2024 and is estimated to reach USD 5.4 Billion by 2033, growing at a CAGR of 14.2% from 2026 to 2033.
The global Text Mining Software Market was valued at USD 5.8 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 18.5% from 2023 to 2030. North America held the largest share of the market in 2022, accounting for over 40% of the total market size. The demand for text mining solutions in the region is driven by the increasing adoption of advanced technologies, including artificial intelligence (AI) and machine learning (ML), and the growing need for data driven decision making in industries such as healthcare, finance, and retail. The market size for North America is projected to reach USD 13.4 billion by 2030, with a robust CAGR during the forecast period. Europe followed as the second largest market, with a valuation of USD 1.6 billion in 2022, expected to expand at a CAGR of 17.9% through 2030, driven by increasing enterprise investments in data analytics and digital transformation.
In the Asia Pacific region, the market is anticipated to experience the highest growth, with a CAGR of 20.1% from 2023 to 2030. The increasing volume of digital content, the rapid adoption of AI powered technologies, and the expansion of e commerce and social media platforms are expected to propel market growth in countries like China, Japan, and India. By 2030, the Asia Pacific market size is projected to reach USD 9.2 billion. Latin America and the Middle East & Africa markets are also showing significant potential, with growth driven by the rising need for business intelligence tools and the increasing use of text mining in industries such as manufacturing and telecommunications. By 2030, these regions are expected to contribute a combined market value of USD 2.5 billion, growing at CAGRs of 15.6% and 16.2%, respectively.
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Texifter
Mozenda
UCrawler
Keatext
Crimson Hexagon
Warwick Analytics
Oxcyon
IBM
InMoment
CX MOMENTS
Provalis Research
Thematic
Medallia
Online-Utility.Org
MonkeyLearn
SAS Institute
Etuma
LaunchBoard Software
Converseon
Proxem
NICE Systems
Clarabridge
Lexalytics
DictaNova
MeaningCloud
Kapiche
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Text Mining Software Market
On-Premises
Cloud-Based
Hybrid
Text Classification
Sentiment Analysis
Topic Modeling
Information Extraction
Keyword Extraction
Healthcare
Finance
Retail
Marketing and Advertising
Legal Services
Small and Medium-sized Enterprises (SMEs)
Large Enterprises
Government Agencies
Academic Institutions
Non-profit Organizations
Information Technology
Telecommunications
Manufacturing
Automotive
Travel and Hospitality
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Text Mining Software Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Text Mining Software Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Text Mining Software Market, By Type
6. Global Text Mining Software Market, By Application
7. Global Text Mining Software Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Text Mining Software Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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