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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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Azentio unveils next-generation Amlock AML solution with advanced AI, smarter screening, and streamlined user experience

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SINGAPORE, May 22, 2025 /PRNewswire/ — Azentio Software, a leading technology enabler in the BFSI space, announces the launch of its next-generation Amlock anti-money laundering (AML) platform, bringing powerful new capabilities to financial institutions in the fight against financial crime. Powered by advanced AI and machine learning, Amlock is designed to significantly improve detection accuracy, reduce operational workload, and ensure compliance in an increasingly complex regulatory landscape.

This next generation of Amlock helps financial institutions (FI’s) detect and manage financial crime by delivering a comprehensive, AI-driven approach to AML that covers the entire customer lifecycle, from onboarding to monitoring, screening, risk management, investigation and reporting. By reducing false positives by up to 40% and streamlining workflows, FI’s can slash compliance costs by at least 20%.

With smart automation and a flexible, modular design, Amlock easily adapts to changing regulations and scales to fit institutions of any size, from local banks to global firms. The latest version adds major improvements in screening, monitoring, and case management, making compliance faster, more accurate, and more efficient. Crucially, every institution using Amlock has maintained a flawless record of zero AML-related regulatory fines which is a compelling endorsement of its unmatched reliability and proactive performance in safeguarding compliance.

The new Amlock offers AI-enhanced capabilities including:

Smarter screening capabilities – offer better accuracy with advanced matching algorithms for customer screening and transaction screening with pre-configured watchlists, local lists, custom lists and rich SWIFT message library with local format support.Intelligent alert triage and case resolution – simplify complex investigations with centralized alert and case management that supports workflows, audit trails, and collaborative resolution. Designed for scalability, it ensures operational efficiency and compliance at every step.End-to-end KYC and onboarding automation – is integrated with identity verification, corporate intelligence for enhanced due diligence, and customer lifecycle risk management into a unified compliance framework. Features like AI-based peer profiling, dynamic risk scoring, clustering and event-triggered reviews help institutions ions maintain an up-to-date understanding of customer risk.Smarter transaction monitoring – with over 400 ready-to-use rules for banking, lending, insurance, and fintech. Built-in AI helps spot patterns and connections, cutting down on false alerts.Smarter decision-making using AI to predict and suppress alerts that are likely low risk, helping teams focus on real threats. The system learns continuously from new data, becoming more accurate the more it’s used.

Commenting on the launch, Ruchi Tripathi, Director of Product Management at Azentio, said, “At Azentio, we understand the critical challenges financial institutions face in combating financial crime while maintaining compliance. Our next-generation Amlock is a direct response to these challenges, combining the best of AI technology with a deep understanding of the financial services sector. By significantly reducing false positives, cutting compliance costs, and ensuring zero fines, Amlock sets a new standard in AML technology.”

About Azentio

Azentio is a leading provider of purpose-built, intelligence-driven technology solutions designed to transform the banking, financial services, insurance (BFSI), and enterprise resource planning (ERP) sectors. By combining cutting-edge innovation with deep domain expertise, Azentio empowers businesses to accelerate growth, enhance operational efficiency, and stay ahead in a rapidly evolving market. With a strong presence across the Middle East, Africa, and Southeast Asia, Azentio delivers world-class technology that streamlines processes and delivers tangible results, enabling organizations to achieve sustainable success. For more information on Azentio, please visit www.azentio.com.

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Refroid Redefines Data Center Cooling with the Launch of SentraFlo Series: India’s First Indigenously Developed Liquid-to-Liquid CDUs for Next-Gen Infrastructure

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HYDERABAD, India, May 22, 2025 /PRNewswire/ — Refroid Technologies, India’s foremost innovator in advanced data center cooling solutions, proudly announces the launch of the SentraFlo Series—the nation’s first indigenously developed Liquid-to-Liquid Coolant Distribution Units (CDUs) designed for Direct-to-Chip Liquid Cooling (DCLC) applications. This major milestone underscores India’s growing capability to support high-density AI and HPC workloads with future-ready, made-in-India solutions.

Engineered for both hyperscale and enterprise-grade deployments, the SentraFlo cooling ecosystem features CDUs, rack manifolds, and a secondary fluid network (SFN) plumbing architecture. With customizable capacities ranging from 200 kW to 2 MW, SentraFlo is one of the most scalable and intelligent CDU solutions available today.

“Refroid is immensely proud to be the first Indian company to introduce such an advanced CDU solution,” said Satya Bhavaraju, CEO of Refroid. “This launch reinforces India’s emergence as a hub for innovation in the global liquid cooling landscape. SentraFlo will empower modern data centers to scale performance while enhancing operational efficiency and sustainability.”

Key Features of the SentraFlo Series

Scalable CDU capacities from 200 kW to 2 MW, with configurable motors, BPHEs, sensors, and filters.Advanced monitoring with built-in, redundant sensors for pressure, temperature, flow, turbidity, and pH—enabling continuous health diagnostics and concurrent maintenance.25-micron secondary fluid filtration with minimal pressure drop for high coolant purity.Dew Point Control technology to maintain dry white space and eliminate false leakage alarms.Hot-swappable sensors, redundant motors and controllers for enhanced fault tolerance.Tri-clamp fittings and SS304L/SS316L construction on all wetted components for superior reliability and serviceability.Integrated 10-inch HMI panel and real-time remote monitoring dashboard.Support for SNMP, TCP/IP, BACnet, and other legacy protocols—designed for autonomous or dark data center operations.

“Our design philosophy is centered around reliability, efficiency, and intelligence,” said Srikanth Kanduri, CTO of Refroid. “From reinforcement learning algorithms for dynamic PUE optimization to smart auto-profiling of coolants and robust build quality, every detail in the SentraFlo series is engineered for mission-critical deployments.”

Refroid SentraFlo CDU systems will begin shipping by end of June 2025, including full integration with rack manifolds and SFN plumbing.

www.refroid.com

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WIN SOURCE Ranked 13th on Supply Chain Connect’s 2025 Top 50 Global Electronics Distributors List

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LAGUNA HILLS, Calif., May 22, 2025 /PRNewswire/ — WIN SOURCE, a global independent distributor of electronic components, has been ranked 13th on the 2025 Top 50 Global Electronics Distributors List released by Supply Chain Connect.

The ranking comprehensively evaluates distributors based on global revenue scale, operational infrastructure, regional coverage, and channel influence. It has become a key benchmark within the electronics distribution sector. WIN SOURCE’s inclusion among the top positions reflects the company’s sustained operational capabilities and growing influence across major global markets.

“The real challenge in distribution lies not in the act of distribution itself, but in the ability to consistently deliver certainty amid uncertainty,” said Ethan, CEO of WIN SOURCE. “We remain focused on fulfillment systems, digital transparency, and regional responsiveness, staying committed to long-term, sustainable development rather than reacting to short-term fluctuations.”

In recent years, WIN SOURCE has expanded its fulfillment capabilities across North America, Europe, and Asia-Pacific. By leveraging a multi-regional network and centralized platform management, the company has improved delivery responsiveness and inventory visibility on a global scale. As market volatility and sourcing complexity continue to increase, performance metrics for distributors now emphasize not only geographic coverage, but also regulatory reliability, supply continuity, and transparency across distribution processes.

About WIN SOURCE

WIN SOURCE is a leading electronic components supplier, offering innovative procurement solutions that ensure rapid access to real-time product insights and seamless support for customers worldwide. With a mission to redefine exceptional customer service, WIN SOURCE combines advanced e-procurement systems with a customer first approach to eliminate delays and simplify global sourcing challenges.

For further information, contact:
Phone:+65 6865 9377
Email: service@win-source.net
Website: www.win-source.net
Company Address: 23046 Avenida de la Carlota, Laguna Hills, CA 92653, United States

Reprinted from WIN SOURCE ELECTRONIC-NEWS

© 2025 Win Source Electronics. All rights reserved. This content is protected by copyright and may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Win Source Electronics.

 

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