Sentiment Analytics Market Growth, Size, Segments and Future Forecast To 2023

 

Sentiment Analytics Market, By Components (Software, Services, By Deployment (Cloud, On-Premise), By Organization Size (SMEs, Large Enterprises), By Vertical (Retail, BFSI, Healthcare & Life Science) - Forecast 2023

Overview

Sentiment analytics determines the emotional tone behind a series of words and analyses human emotions, sentiments with the help of consumer data (primarily social media feeds), deep learning capabilities and natural language processing (NLP). The global sentiment analytics market is anticipated to grow at a CAGR of 14% and reach a valuation of USD 6 Bn over the forecast period of 2017-2023, asserts Market Research Future (MRFR) in a detailed research report.

Growing popularity of social media platforms is one of the preliminary factors spurring the growth of the global sentiment analytics market. Advances made in the field of artificial intelligence (AI) which allows contemplation of human behavior and emotions also drives the market for sentiment analytics.

Sentiment analytics is gaining traction among various industry verticals such as healthcare, FMCG, telecom, retail, media & entertainment, and others. These industries are increasingly using sentiment analytics for opinion mining of consumers to extract personal content about the consumers. Sentiment analytics allows a deep understanding of consumer’s needs, expectations and extending customer base which can aid businesses to plan their business strategies accordingly.

The emergence of big data is a crucial factor in boosting the growth of the global sentiment analytics market. Availability of colossal amounts of data allows enterprises to leverage it to get actionable insights. Growing adoption of cloud computing is also a major factor driving the growth of the global sentiment analytics market.

Other drivers include seamless integration and up gradation, and cost saving on infrastructure. On the other hand, high costs associated with sentiment analytics hinders adoptions, especially from government institutions which limit the growth of the global sentiment analytics market.

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Segmentation

The global sentiment analytics market has been segmented based on component, deployment, organization size, and vertical.

By component, the global sentiment analytics market has been segmented into sentiment and service. The service segment has been further segmented into professional services and support & maintenance services.

By deployment, the global sentiment analytics market has been segmented into cloud and on-premise.

By organization size, the global sentiment analytics market has been segmented into small & medium enterprises and large enterprises.

By vertical, the global sentiment analytics market has been segmented into retail, BFSI, healthcare & life sciences, Education, media & entertainment, transportation & logistics, and others.

Regional Analytics

The Americas, Europe, Asia Pacific (APAC), and the Rest of the World (RoW) are the key markets for sentiment analytics. The Americas account for the maximum share of the global sentiment analytics market on account of the concentration of major players in the region and high adoption rate of the technology by small and large enterprises. The US and Canada are the key contributors to the Americas market.

APAC is slated to emerge as the fastest growing market for sentiment analytics. The region is investing substantially on sentiment analytics to improve business outcomes. The presence of a large number of SMEs in the region can also be credited for the growth of the market in APAC.

Competitive Landscape

Adoreboard (U.K.), Twizoo (U.K.), IBM (U.S.), Aylien (Ireland), SAS Institute (U.S.), Angoss Sentiment Corporation (Canada), Bottlenose.Com (U.S.), Clarabridge (U.S.), Brandwatch (U.K.), and Crowdflower (U.S.) are the remarkable players in the global sentiment analytics market.

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Interactive Voice Response Market Business Overview, Challenges, Opportunities, Trends and Market Analysis and Forecast To 2023

 Interactive Voice Response Market, By Solution (Call Routing, Outbound, Self-Service), By Technology (Speech Based, Touch Tone Based, Text to Speech), By Service (Maintenance & Support), By Deployment (Cloud, On-Premise) - Forecast 2023

Market Insights

Interactive Voice Response (IVR) is an automated system employed over the telephone to interact with callers to gather relevant information which then allows the system to direct the call accordingly. The system works by use of keypad response of voice response and is employed by many organizations. Market Research Future's report on the global interactive voice response market sheds light on the various factors and figures of the market while making educated predictions about its future. The interactive voice response market is expected to witness growth at a CAGR of 7% during the forecast period from 2017 to 2023. Increasingly being employed by a variety of business organizations, the global market is expected to reach an estimated value of USD 3.7 Bn by the end of 2023.

Businesses are increasing their customer relationship management activities in an effort to sustain long-term relationships; this is a significant factor which is encouraging the growth of the IVR market. IVR systems are employed in a wide number of industry verticals making them fairly pervasive as they can easily be tailored to suit the organization's needs. IVR assists in ongoing customer relations by keeping up communication with them, and this can also be a good way to collect customer feedback which can ultimately be used to improve relations. The advent of cloud computing has significantly impacted the IVR marker. Interactive voice response can be deployed over the cloud which is highly advantageous as it reduces the need for physical infrastructure. With unique offerings from cloud service providers and lack of infrastructure, IVR systems are easily accessible to companies of all sizes, thus increasing market value. IVR systems are used to facilitate seamless communications with customers as it directs them to the concerned department of an organization, helps provide information, and increases brand awareness. The cost savings and optimization of organizational resources are another significant factors. Increasing number of BPOS and contact centers to handle customer service has driven increased use of IVR systems. Moreover, reduced operational costs, and increased efficiency in customer service are are driving the market.

Some IVR menus can be complex and lengthy which can be cumbersome for customers, thus challenging market growth. However, ongoing implementation of advanced technologies to make IVE systems a smooth and pleasant experience for customers who interact with it is expected to reveal opportunities in the market for further growth down the line.

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Market Segmentation

The global interactive voice response market is segmented on the basis of solution, technology, service, application, deployment, vertical, organization size, and region. Solutions offered in the IVR market include call routing, outbound, and self-service.

Technologies used in IVR include touch-tone based,  text to speech, and speech based. Services offered in the IVR market include training & education, maintenance & support, and installation. Deployment of IVR can be done on- cloud and on-premise. Organization of various sizes uses IVR, including large organizations and small & medium organizations. IVR is employed in industry verticals which in the report include IT & telecommunication, healthcare, education & government, transportation & logistics, consumer goods & retail travel, media & entertainment, and others.

Regional Analysis

North America accounts for the highest share of the market due to the presence of strong network infrastructure and the presence of key players who are present in the developed countries of this region. U.S and Canada are among the developed countries of the region, and IVR is adopted on a large scale in these countries across organizations of all sizes.

 Meanwhile, the Asia Pacific is expected to witness growth at the highest CAGR due to the potential of IVR is the regions rapidly emerging economies. Moreover, international business organizations are increasingly setting up BPOs and other contact centers in the APAC to leverage reduced operational costs and comparatively cheap labor, thus increasing the regions market value over the forecast period. Increasingly, business organizations in emerging markets are also employing IVR which adds to the regions swift growth.

Key Players

Eminent players that have been found to have a significant role in the market have been included in MRFR’s report. Players include Avaya Inc., Convergys Corporation, Genesys Telecommunication Laboratories, Inc., 8X8, Inc., Nuance Communications, Inc., West Corporation, Cisco Systems, Inc., AT&T Inc., IVR Lab, Verizon Communications Inc., and others

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Pharma Knowledge Management Software Market Growth Rate, Future Scope, Analysis, Business Development and CAGR To 2023

 Global Pharma Knowledge Management Software Market, By Software (Android, Windows, iOS), By Deployment Type (On Premises, Cloud, Hybrid), By End-Users (Agricultural Biotechnology, Environmental Biotechnology, Academics, Forensic Biotechnology) - Forecast 2023

Market Overview

Market Research Future (MRFR), in its latest study on the pharma knowledge management software market 2020, reveals causes that are likely to support and restrict the rise of the market. Along with this report, a complete assessment of the performance of the pharma knowledge management software market in COVID 19 pandemic is also provided. As per MRFR findings, the pharma knowledge management software market can rise at 17% CAGR in the evaluation period 2017 to 2023.  The pharma knowledge management software market valuation can surpass USD 2 Bn by the end of the review period.

Pharma knowledge management software aids in the identification, evaluation, capturing, rectification, and sharing medical information with high degree of accuracy. The increasing in the commercial interest of the software in recent years can bolster the expansion of the pharma knowledge management software market across the review period. The rise in need for post Information gathered by pharma knowledge management software play a significant role in drug development processes to gain global foothold, which is expected to promote the expansion of the pharma knowledge management software market through the assessment period. The rise in the count of pharmaceutical companies using pharma knowledge management tools to derive information from social networks that assists in the analysis of different types of drugs, disorders, and ingredients among others is expected to boost the expansion of the market.

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Segmental Analysis

The segmental analysis of the pharma knowledge management software market is done by software, deployment type, and end-user.

The deployment type, the pharma knowledge management software market segments are hybrid, on premises, and cloud. The cloud segment can gain high traction in the review period. The software based, the pharma knowledge management software market segments are Windows, iOS, Android, and others. Increase in iOS and Android applications can promote the market in the years to come. The end-user based segments of the pharma knowledge management software market are forensic biotechnology, animal biotechnology, agricultural biotechnology, medical biotechnology, academics, environmental biotechnology, and others. The introduction of pharma knowledge management software in medical biotechnology can cause the market to rise at a high pace.

Regional Analysis

In North America, the rise of the pharma knowledge management software market can be attributed to the growing usage of advanced technologies, such as; artificial intelligence, machine learning, and IoT. The increase in the deployment of disruptive technologies to enhance capability of pharma knowledge management tool across the assessment period can prompt the expansion of the market in the region. In addition, the existence of top notch tech companies that develop pharma knowledge management software, such as SAP SE (Germany) and eXo Platform (U.S.) can cause the expansion of North America pharma knowledge management software market.

Europe is observed as an attractive destination for marketers for the introduction of innovative solutions. Rise in R&D for health related initiates can support the progress of EU pharma knowledge management software market in the foreseeable future. In the Asia Pacific region, the booming pharma and biotech sectors are expected and increase in the adoption of knowledge management software by these sectors are expected to promote the expansion of the market in India and other areas of APAC across the forecast period.

Competition Dashboard

Lucidea (Canada), eXo Platform (U.S.), SAP SE (Germany), Nuance Communications, Inc. (U.S), Theum AG (Germany), SuiteRx (U.S), Callidus Software Inc. (U.S.), Oracle Inc. (U.S.), Altair Engineering, Inc. (U.S.), and MangoApps Inc. (U.S.) are some noteworthy marketers of the pharma knowledge management software market, enlisted by MRFR.

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Game API Market Research Report Global Trends and Forecast To 2023

 

Game API Market, By Type (Identity Management, Voice/Speech, Maps & Location, Others), By Operating System (Windows, IoS, Android, Others) - Forecast 2023

Market Synopsis

According to Market Research Future (MRFR)’s latest analysis, the global game API market has been projected to expand at a CAGR of 6% during the forecast period 2017 to 2023. The valuation of the market is expected to reach USD 2.2 Bn by the end of 2023. The growth trajectory of the market is dictated by the advancements in the gaming technologies brought by the key players. Personalized user experience is the key area of focus for the key players. Investments are likely to flow towards the innovation of enhanced experience for the gamers. This, in turn, is expected to revolutionize the game API market over the next couple of years.
The major drivers of the game API market growth include the use of microarchitecture design, development of compact and comfortable API gaming software, and the rising demand for novel technologies. These factors are projected top catapult the market on an upward trajectory. Furthermore, the rise in disposable income is likely to boost the demand for advanced gaming technologies. It is forecasted to favor the expansion of the game API market. However, factors such as limitations of hardware and software in virtual reality devices, lack of awareness about technology and compatibility problems are expected to hold the market growth in the forthcoming years.

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Market Segmentation:

This report offers an exhaustive segmental analysis of the game API market based on type and operating system. By type, the global game API market has been segmented into identity management, voice/speech, maps & location, and others.
By operating systems, the game API market has been segmented into windows, iOS, Android, and others

Regional Analysis:

The global game API market, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is a major regional market for game API. The early adoption of novel technologies into the gaming industry is the primary factor responsible for driving the growth of the market. It is likely to exhibit a similar trend over the next couple of years. Furthermore, factors such as adoption of micro service architecture as well as the implementation of the latest application development methodology are projected to dictate the expansion of the game API market in the region over the assessment period.

Asia Pacific resonates strong opportunities for growth presently and is expected to expand at a rapid pace in the foreseeable future. An upsurge in demand for game API is predicted, thus, the market is likely to augment over 2023. Fast-developing economies of the region such as China and India are prognosticated to catalyze the expansion of the game API market in the forthcoming years. These countries are expected to emerge as promising country-level markets towards the end of the projection period.

Competitive Landscape:

Some of the key players profiled in the report are NetEnt (Sweden), Neteller (England), Matrix Games (England), Microsoft Corporation (U.S.), Cake Network (Netherland), Google (U.S.), Amazon.Com, Inc. (U.S.), CA Technologies (U.S.), Apigee Corp. (U.S.), and Tibco Software Inc. (U.S.). 

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Cloud Object Storage Market Research Report Analysis and Demand with Forecast To 2023

 Cloud Object Storage Market, By Service (Professional Service, Managed Service), By Organization Size (Large Enterprises, Small and Medium Enterprises), By Cloud Deployment (Public, Hybrid), By End-User (Social Media Platforms) – Global Forecast 2023

Market Synopsis:

The global cloud object storage market, according to Market Research Future (MRFR)’s report, is projected to scale a stellar CAGR of 14% during the forecast period 2017 to 2023. The global market is poised to touch a valuation of USD 6 Bn by the end of 2023. The report indicates that a rapid shift towards the cloud storage and conveniently accessible data is primarily responsible for driving the growth of the cloud object storage market in the upcoming years.

The technological innovations provided by the key players such as HP’s Open Stack technology, IBM’s most flexible portfolio of cloud object storage solutions, etc. are likely to boost the growth trajectory of the cloud object storage market over the next couple of years. Furthermore, the availability of different deployment models has unleashed various opportunities in the market.

The market is at a nascent stage and is likely to be penetrated by new entrants in the upcoming years. This, in turn, has been prognosticated to have a favorable impact on the proliferation of the cloud object storage market across the forecast period. However, the security and privacy issues are anticipated to check the expansion of the cloud object storage market over the next couple of years.

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Market Segmentation:

By Service, the cloud object storage market has been segmented into professional service, and managed service.

By organization size, the cloud object storage market has been segmented into large enterprises, and small & medium enterprises

By cloud deployment, the global cloud object storage market has been segmented into public cloud, hybrid cloud, and private cloud.

By end-user, the cloud object storage market has been segmented into social media platforms, IT & telecommunication, BFSI, and others.

Regional Analysis:

By region, the global cloud object storage market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is presumed to lead the expansion of the global market through the projection period. The consolidation of key players in the region is likely to aid the proliferation of the cloud object storage market in the region across the review period. In addition, the large-scale inflow and outflow of massive data has intensified the adoption of cloud storage services in the region among both large as well as small & medium enterprises. Meanwhile, Asia Pacific is also expected to resonate strong opportunities and exhibit drastic rise in growth curve of the cloud object storage market.

Competitive Dashboard:

Some of the major players participating in the cloud object storage market are International Business Machines Corporation (U.S.), Dell EMC (U.S.), Hewlett-Packard Enterprise (U.S.), Hitachi Data Systems (U.S.), Caringo Inc. (U.S.), Datadirect Networks (U.S.), International Data Corporation (U.S.), Netapp, Inc. (U.S.), Microsoft Corporation (U.S.), and Google (U.S.).

Industry News:

In October 2018, Elastifile, a cloud file system startup, has announced the addition of automated tiering to its cloud object storage.

In January 2019, the leading developer of grid-scale software-defined storage solutions, OSNEXUS, announced that a next-generation scalable storage management platform, QuantaStor 5, will now be available with new upgrades and integrations offering hyperscale storage technology, advanced analytics, automation.

In January 2019, the global leader in storage and information management services, Iron Mountain Incorporated®, announced the launch of Iron Mountain® Iron Cloud™ Object Storage in Canada for the expansion of its cloud portfolio.

In January 2019, a leader in backup solutions that facilitates Intelligent Data Management, has announced that new Veeam Availability Suite 9.5 Update 4 will come with cloud data management capabilities.

In February 2019, Microsoft, an American multinational technology company, has announced the rolling out of Azure Data Lake Storage Gen2 and Azure Data Explorer for commercial use.

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Knowledge Management Software Market Key Drivers, Size, Share, Trends, Growth, Future Scope Analysis and Forecast To 2023

 Global Knowledge Management Software Market, By Type (Mobile – Android Native, Mobile - iOS Native), By Deployment Type (On Premises, Cloud, Hybrid), By Organization Type (Small & Medium Scale Enterprise, Large Scales Enterprise), By End-Users- Forecast 2023

Market Overview

Market Research Future (MRFR), in its latest study on the knowledge management software market 2020, reveals factors that are likely to favor and hinder the expansion of the market. Along with this report, a detail evaluation of the knowledge management software market performance in COVID 19 pandemic is also provided. As per MRFR analysis, the global knowledge management software market can thrive at 12% CAGR in the forecast period (2017-2023). The knowledge management software market value can exceed USD 33 Bn on the conclusion of the assessment period.

The increase in the need for data analysis across verticals and its growing importance is expected to underpin the expansion of the knowledge management software market across the analysis period. Different industries are adopting such technologies for the better handling of respective markets and their internal environment. The growing need for knowledge management software to create, identify, represent and redistribute information for suitable purposes across different sectors can impel the expansion of the knowledge management software market. The major boost to improve customer experience obtained from the integration of the software can also boost the growth of the market in the years to come.

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Segmental Analysis

The segment evaluation of the global knowledge management software market is based on type, organization type, deployment type, and end- users.

The type based segments of the knowledge management software market can are mobile android native and mobile - iOS native, and others.

The deployment type based segments of the knowledge management software market are on-premises, hybrid, cloud, and others. Increase in cloud deployment of the software can boost the expansion of the market in the years to come.

The organization type based segmenst of the knowledge management software market are large scales enterprise and small & medium scale enterprise (SME).

The end-users based segments of the knowledge management software market are pharmaceuticals, manufacturing, banking, government and defense, financial services and insurance (BFSI), and IT & telecommunication among others.

Regional Analysis

In North America, the high demand for target-specific information that allows rapid expansion of businesses is likely to spur the regional knowledge management software market development in the years ahead. The ability of knowledge management software to provide a single window that aids in the creation, management, and redistributed of content via search tools and its growing awareness among the tech-savvy people of the region can bolster the expansion of the US knowledge management software market. In APAC, the high utility of knowledge management software as it makes data fetching seamless for users is expected to underpin the rise of the regional market. The software aids in the easy gathering of knowledge and assists in saving time and make high profit at the same time. These features are gaining knowledge management software high popularity among the rise in the number of SMEs in India and other developing regions of APAC. This can impel Asia Pacific knowledge management software market through the study period. In EU, the wide range of application of knowledge management software due to its features, such as; easy knowledge base updating process, accuracy, consistency, and better knowledge distribution can cause the market in EU to surge in the near future.

Competitive Analysis

Bitrix, Inc. (U.S.), ProProfs (U.S.), Atlassian Corporation Plc (Australia), Callidus Software Inc. (U.S.), EduBrite Systems Inc. (U.S.), Freshworks Inc. (U.S.), Lucidea (Canada), MangoApps Inc. (U.S.), Yonyx Inc. (U.S.), eXo Platform (U.S.), and others are some notable players of the knowledge management software global market listed by MRFR.

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Statistical Analytics Market Size, Share, Growth Rate, Trends, Analysis, Future Scope, Forecast To 2023

 

Statistical Analytics Market, By Components (Solution, Service), By Solution (Data Mining, Predictive Analytics, Visual Analytics), By Service (Professional Service, Support and Maintenance Service), By Deployment (Cloud, On-Premise) – Global Forecast 2023

Market Overview

Statistical analytics is a segment of data analytics that uses various techniques to collect and analyze structured and semi-structured customer data. These techniques help organizations to unravel hidden trends and patterns within such data. Statistical analytics is used by organizations to gain insights in the relevant market and to aid better, faster decision making. Proliferated technological advancements have led to rapid digitalization of the world. Businesses have started shifting operations to digitized platforms to aid easier data generation, collection and analysis. Businesses want to use such analytics solutions to obtain higher economies of scale, track influential intricacies in market functionalities, and in turn, gain competitive advantage over their peers. Such shift of operations has propelled the demand for statistical analytics by organizations, hence, fueling the market.

With a rise in demand for improved consumer satisfaction, the demand for statistical analytics solutions is catapulting in various sectors such as BFSI, healthcare, foods and beverages, retail, manufacturing, IT & telecommunications, etc. According to the report published by MRFR, the global statistical analytics market is expected to garner a 15% CAGR during the assessment period.

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Segmental Analysis

The statistical analytics market is segmented on the basis of component, deployment, organization size, vertical, and region. On the basis of component, the market has been segmented into solution and service. The segment of solution is further segmented into data mining, predictive analysis, visual analytics, forecasting & econometrics and statistical analytics. The segment of service is further bifurcated into professional service and support & maintenance service. On the basis of deployment, the market has been segmented into cloud and on-premise. On the basis of organization size, the market is segmented into small & medium sized enterprises and large-scale enterprises. Based on vertical, the market has been segmented into government & defense, BFSI, IT & telecommunication, healthcare, retail, manufacturing, travel & hospitality, transportation & logistics, and media & entertainment.

According to the MRFR report, the BFSI sector is likely to account for the highest share in statistical analytics market. By organization size, small and medium enterprises account for the largest market share. Cloud based statistical analytics solutions provide various high-end features such as campaign performance measurement, website traffic based on various search filters, and most popular sites. Demand for on-premise deployment services is driven with an increase in the demand for digitally stored data and rapid adoption of cloud-based computing.

Rapid implementation of statistical analytics solutions by small and medium-scale enterprises, and better overall business operations are some of the factors estimated to drive the statistical analytics market. Rising shift from on-premise to cloud based analytics solutions because of improved business growth is yet another factor contributing to the rising demand for cloud-based statistical analytics solutions in the market.

Detailed Regional Analysis

On the basis of regional analysis, the statistical analytics market is segmented into North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). North America is estimated to garner the largest share in the statistical analytics market attributable to factors such as better network infrastructure, digitization, and higher technology implementation. In addition, invention of advanced technology and economies benefitting from such invention are the leading causes for accelerated digitization in North America. Furthermore, presence of multiple key players in North America is also deemed to drive the regional market.

Key Players

The prominent players in the statistical analytics market include SAP SE (Germany), SAS Institute (U.S.), Oracle Corporation (U.S.), International Business Machine (U.S.), Tibco Software Inc. (U.S.), Qlik Software (U.S.), Alteryx (U.S.), Statacorp (U.S.), Plug & Score (U.S.), and Lumina Decision Systems (U.S.).

Industry Updates

February 19, 2019: Unifi analytics is a business intelligence tool launched at HIMSS19, by Hologic, that allows management of mammography devices, monitorization of technologist performance, and prevention of unanticipated downtime for healthcare facilities. At HIMSS19, SPH Analytics and Medicision announced a strategic partnership to help health plans improve the quality of care provided to their members and lower related costs.

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