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Text Analytics Market size is set to grow by USD 18.08 billion from 2024-2028, popularity of soa among end-users to boost the market growth, Technavio

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NEW YORK, June 18, 2024 /PRNewswire/ — The global text analytics market  size is estimated to grow by USD 18.08 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 22.58%  during the forecast period.  popularity of soa among end-users is driving market growth, with a trend towards emergence of advanced text analytical tools  However, system integration and interoperability issues  poses a challenge.Key market players include Alphabet Inc., Averbis GmbH, Bitext Innovations SL, Forsta AS, Infegy, InMoment Inc., International Business Machines Corp., KNIME AG, Luminoso Technologies Inc., MeaningCloud LLC, Megaputer Intelligence Inc., Microsoft Corp., NICE Ltd., OpenText Corp., Oracle Corp., Qualtrics LLC, SAP SE, SAS Institute Inc., and TIBCO Software Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Deployment (Cloud and On-premises), Component (Software and Services), and Geography (Europe, North America, APAC, Middle East and Africa, and South America)

Region Covered

Europe, North America, APAC, Middle East and Africa, and South America

Key companies profiled

Alphabet Inc., Averbis GmbH, Bitext Innovations SL, Forsta AS, Infegy, InMoment Inc., International Business Machines Corp., KNIME AG, Luminoso Technologies Inc., MeaningCloud LLC, Megaputer Intelligence Inc., Microsoft Corp., NICE Ltd., OpenText Corp., Oracle Corp., Qualtrics LLC, SAP SE, SAS Institute Inc., and TIBCO Software Inc.

Key Market Trends Fueling Growth

Text analytics is a valuable tool for businesses seeking to make data-driven decisions. Advanced text analytics, in particular, enables companies to gain insights into consumer behaviors and optimize marketing strategies. Predictive analytics, a type of text analytics, uses advanced mathematics and statistical tools to forecast future scenarios. This technology is increasingly adopted by organizations to manage projects, plan business strategies, and mitigate errors in manual calculations. The global text analytics market is expected to grow due to the availability of large data volumes from technologies like robotic process automation and the IoT. 

The Text Analytics market is experiencing significant growth due to the increasing demand for gaining insights from unstructured data. Key technologies like Natural Language Processing (NLP), Machine Learning (ML), and Artificial Intelligence (AI) are driving trends in this sector. Companies are utilizing text analytics to improve customer service, enhance marketing strategies, and optimize business operations. Sentiment analysis, topic modeling, and entity extraction are popular applications. Cloud-based solutions and customizable platforms are also gaining traction. The future of text analytics lies in real-time analysis, multilingual support, and integration with other data sources. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The text analytics market is experiencing growth in sectors like telecommunication, BFSI, retail, and media and entertainment. However, organizations encounter challenges integrating text analytics solutions with their existing IT infrastructure. Vendors must offer unified IT solutions to prevent technical glitches and additional costs. System integration and interoperability issues arise during IT updates or mergers, which can discourage adoption. Customized solutions are often cost-prohibitive, limiting market growth. Organizations must ensure text analytics solutions are compatible with their systems before implementation.The Text Analytics market faces several challenges in effectively extracting valuable insights from large volumes of data. One challenge is the complexity of unstructured data, such as social media postsings and customer reviews. Another challenge is the need for real-time analysis to keep up with the fast-paced business environment. Additionally, ensuring data security and privacy is a major concern. Furthermore, the lack of standardization in data formats and the need for interoperability between different systems can hinder the adoption of Text Analytics. Lastly, the high cost of implementing and maintaining Text Analytics solutions can be a barrier for small and medium-sized businesses.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This text analytics market report extensively covers market segmentation by

Deployment 1.1 Cloud1.2 On-premisesComponent 2.1 Software2.2 ServicesGeography 3.1 Europe3.2 North America3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Cloud-  The Text Analytics market is experiencing significant growth due to the increasing adoption of cloud-based solutions among businesses. Cloud-based text analytics software and services, offered by vendors like Microsoft, SAP, SAS Institute, IBM, Lexalytics, and Open Text, provide cost savings, ease of deployment, and faster ROI for Small and Medium Enterprises (SMEs). Solutions like Lexalytics’ Semantria API offer remote access, data backup, and customized Natural Language Processing (NLP) services. Integrations with cloud platforms, such as Amazon Web Services (AWS), further streamline analytical tasks and improve business outcomes.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The Text Analytics Market encompasses cloud-based applications that leverage predictive analytics for fraud and risk management in various sectors. Business intelligence tools employ machine learning algorithms to identify patterns in structured and unstructured data from multiple sources, including social media and unstructured text data. These insights enable informed business decisions and aid in cybercrime prevention. The market caters to numerous industries, such as banking, insurance, finance, and legal services, by providing software and services components for compliance monitoring and customer sentiment analysis. Fraud detection cases are effectively managed through advanced text analytics solutions, ensuring robust security and regulatory adherence.

Market Research Overview

The Text Analytics Market encompasses the usage and analysis of natural language data to derive valuable insights. This field leverages various techniques such as sentiment analysis, text mining, and speech recognition. The market is witnessing significant growth due to the increasing volume of digital data and the need for effective data management. Businesses across industries are adopting text analytics to gain a deeper understanding of customer behavior, improve operational efficiency, and enhance decision-making processes. The technology finds applications in sectors like healthcare, finance, and customer service. The future of text analytics lies in the integration of advanced technologies like artificial intelligence and machine learning to provide more accurate and actionable insights.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

DeploymentCloudOn-premisesComponentSoftwareServicesGeographyEuropeNorth AmericaAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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When a British Influencer Meets the Canton Fair

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GUANGZHOU, China, April 26, 2025 /PRNewswire/ — “It looks like we are walking straight into the future.” said British influencer Jason talking to the camera at China Import and Export Fair, also widely known as the Canton Fair.

 

As the world’s largest trade exhibition, the 137th Canton Fair has attracted buyers from over 200 countries and regions, with over 30,000 companies participating in. All types of cutting-edge technologies created dazzling sparks in the lens of Jason at the Service Robots Zone.

In the smart home appliances section, Jason was drawn to a refrigerator that can “think”—it provides recipes based on ingredient inventory and even enables users to check its contents remotely via smartphone. In the new energy vehicle section, autonomous electric cars and swappable-battery scooters left Jason exclaiming, “This is the future of transportation!”

The significance of the Canton Fair goes far beyond an exhibition; it provides a stage for real-time global trade transactions. Every year, buyers from over 200 countries strike deals worth billions of dollars here, forging partnerships that shape global supply chains. “This is no ordinary trade show,” Jason said in his video. “As a global commerce hub, it showcases not just business opportunities but also the immense momentum behind ‘Made in China.'”

Jason’s video has attracted enthusiastic responses on international social media platforms, with many global netizens commenting, “Jason is the most enthusiastic explorer in China to share values of truth.” 

Want to experience the Canton Fair through Jason’s first-person perspective? Click on the video and join us on this journey of technology and commerce!

YouTube Link:https://www.youtube.com/watch?v=TvKvlB5qPOg

 

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SOURCE The 137th Canton Fair

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ChangAn Outlines 2030 Vision at “Vast Ocean Plan: United Towards the Peak”-Themed Overseas Partner Conference in Chongqing

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The Company is rapidly accelerating its global expansion with the goal of becoming a world-class automobile brand.

CHONGQING, China, April 26, 2025 /PRNewswire/ — ChangAn Automobile (“ChangAn” or “the Company”), an intelligent low-carbon mobility technology company, recently hosted the 2025 Overseas Partner Conference in Chongqing under the theme “Vast Ocean Plan: United Towards The Peak.” The event brought together more than 500 partners from over 70 countries discuss the Company’s global achievements and share its future roadmap. During the conference, ChangAn unveiled its “2030 Vision,” pledging over $10 billion in global investment. The Company aims to reach 5 million in global vehicle sales by 2030. ChangAn also set its sights on becoming one of the world’s top 10 automobile brands.

ChangAn’s global business strategy continues to advance with an expected 5 million vehicles worldwide and 1.2 million overseas by 2030

In his keynote at the 2025 conference, Zhu Huarong, Chairman of ChangAn Automobile, highlighted the Company’s progress over five years in new energy, intelligence, and global business. Global sales rose 34.2% to 2.684 million vehicles in 2024, with 735,000 new energy vehicles and 536,000 sold internationally. “From product exports to brand globalisation, we are strengthening global competitiveness with the dual drive of ‘long-termism plus localized operations,'” Mr. Zhu said. Over the next five years, ChangAn will target five key overseas markets and expand localised production, branding, and customer service.

ChangAn’s overseas sales ranked among the top 3 in China’s automobile exports in 2024

At the conference, Li Mingcai, Executive Vice President of ChangAn Automobile, highlighted key global milestones. The Company launched its first international NEV manufacturing base in Thailand and developed eight overseas production partnerships, reaching a capacity of 580,000 units. In 2024, ChangAn ranked among China’s top three auto exporters, with over 500,000 vehicles sold internationally and revenue surpassing $11 billion. The brand expanded into 20 new countries, entering over 100 globally, and now operates 1,150 sales channels. CHANG-AN, DEEPAL, and AVATR gained international recognition, with ChangAn joining the “BrandZ Top 50 Chinese Global Brands” just 14 months after launching the Vast Ocean Plan. “In the wave of anti-globalization, ChangAn Automobile has confirmed the strength of China’s smart manufacturing with nine consecutive years of export growth,” Mr. Li said.

The 2025 “dual-track” development plan will see 20 new cars launched internationally

Technological innovation remains at the core of ChangAn’s global strategy, said Executive Vice President Wang Xiaofei. The Company has invested over 114.8 billion yuan in R&D and established an international team of 18,000, including 5,000 software and AI specialists. Its 2025 plan includes a dual-track fuel and new energy strategy. Fossil-fuel vehicles will target markets in Central and South America, the Middle East and Africa, and Eurasia, while new energy vehicles will focus on Asia Pacific and Europe. ChangAn is building a unified global brand structure through CHANG-AN, DEEPAL, and AVATR, executing a “1+N” brand strategy — one global IP and multiple localised campaigns annually. Product-wise, 20 new global models (10 fuel, 10 NEVs) will be launched, including the CS75PLUS, DEEPAL S05, AVATR 07, and CHANG-AN Q07.

ChangAn remains confident and committed to future growth. Moving forward, the Company will focus on building a “competitiveness plus high quality” strategy, leveraging its core strengths and technology innovation to expand its footprint globally and further elevate its international influence.

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SOURCE ChangAn Automobile

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Shanghai Climate Week 2025:LONGi Jiaxing Production Base becomes the world’s first “Lighthouse + Zero-Carbon” factory in the global photovoltaic industry

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SHANGHAI, April 27, 2025 /PRNewswire/ — On April 23, 2025, at the Shanghai Climate Week 2025 “Climate Lighthouse: A New Era” theme event, LONGi’s Jiaxing Production Base was honored with the “Shanghai Climate Week Climate Lighthouse 2025 Manufacturing Lighthouse Exemplary Award” as the world’s first dual benchmark of “Lighthouse Factory + Zero-Carbon Factory” in the global photovoltaic industry. This accolade signifies the SCW Climate Lighthouse Committee’s recognition of LONGi’s achievements in climate-friendly practices, while serving as an impetus for the company to further explore the potential of green technologies and smart manufacturing.

LONGi’s Jiaxing Production Base, recognized by the World Economic Forum (WEF) as the photovoltaic industry’s first global “Lighthouse Factory,” has met all evaluation criteria for the “Climate Lighthouse” initiative through its advanced applications of automation, Industrial Internet of Things (IIoT), digitalization, big data analytics, and 5th-generation mobile communication technology (5G), demonstrating its leadership in smart manufacturing and digitalization at the pinnacle of global PV industry standards.

Building upon its “Lighthouse Factory” intelligent manufacturing framework, LONGi’s Jiaxing Production Base further advanced its zero-carbon transformation in 2024. By leveraging digital tools to enable low-carbon production, deploying rooftop photovoltaic power stations, procuring green electricity certificates and carbon credits, and implementing energy-saving measures, the facility achieved carbon emission reduction and neutralization. This culminated in its designation as the industry’s first “Dual Benchmark” production base certified under the ISO 14068 carbon neutrality standard.

During the Shanghai Climate Week, LONGi participated in the “Empowering Green Supply Chain Transformation Forum” co-organized by the Global Climate Institute, Institute of Public & Environmental Affairs (IPE), Carbon Newture, and Rockwell Automation. Dr. Xie Tian, General Manager of LONGi’s Strategic Management Center, joined the “Big Data and AI: Empowering Enterprises to Enhance ESG Performance” roundtable discussion. He shared practical experiences and challenges in applying data analytics and emerging technologies to advance ESG practices.

Dr. Xie Tian highlighted that the Jiaxing Production Base, as the world’s first “Lighthouse + Zero-Carbon” factory in the photovoltaic industry, exemplifies LONGi’s leadership in integrating digitalization with green transformation. By embedding smart technologies into advanced PV manufacturing processes, the company drives green production and pursues carbon neutrality. Additionally, LONGi has implemented data platforms for ESG disclosure management to verify and analyze sustainability metrics. He emphasized the potential of big data and AI to accelerate secure and efficient green development across industries.

LONGi’s Jiaxing Production Base, through its “Lighthouse + Zero-Carbon” dual benchmark system – a comprehensive carbon neutrality framework encompassing strategic planning, technological implementation, supply chain collaboration, and social responsibility – has emerged as a paradigm of green manufacturing transformation. This model not only provides the global industrial sector with a quantifiable and replicable blueprint for low-carbon development but also contributes to advancing collective progress toward a zero-carbon future.

About LONGi

Founded in 2000, LONGi is committed to being the world’s leading solar technology company, focusing on customer-driven value creation for full scenario energy transformation.

Under its mission of ‘making the best of solar energy to build a green world’, LONGi has dedicated itself to technology innovation and established five business sectors, covering mono silicon wafers cells and modulescommercial & industrial distributed solar solutionsgreen energy solutions and hydrogen equipment. The company has honed its capabilities to provide green energy and has more recently, also embraced green hydrogen products and solutions to support global zero carbon development. www.longi.com/

SOURCE LONGi

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