The global sentiment analysis software market size will grow by a CAGR of +16% during 2019-2027.
The analysis of feelings is also known as emotional artificial intelligence and opinion mining. Sentiment analysis software is used for processing natural language, computational linguistics, biometrics and text analysis to quantify, identify and extract systematically. The sentiment analysis software market is widely used to analyze the voice of customer materials, which includes surveys and reviews of responses collected online and on social networks, and health care materials for applications ranging from marketing to customer service and clinical medicine. The drastic increase in web applications and social media has led to an increase in the adoption rate among users to examine the data generated through digital media for the maintenance of the brand and the image of the brand.
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Top Key Players Covered in Sentiment Analysis Software Market:
- ANGOSS SOFTWARE,
- SRA International,
- IBM, Brandwatch,
- SAS Institute,
- Opentext Corp.
Emerging countries such as India, Japan, France, and China are the primary targets of the Sentiment Analysis Software market. Increasing demand for the commodities, increasing losses, and changing practices and storage technologies are some of the major driving factors for this market. Additionally, restraints are also mentioned to give a clear picture of risks that can limit the growth of the businesses.
The Sentiment Analysis Software market is highly fragmented with several players incorporating blockchain technology to meet the evolving demands of the end-users. The sentiment analysis software can also provide campaign monitoring and influencer identifier facility to the users. Also, the sentiment analysis software can provide competition insights of the market to the software users which helps them in decision making is going to contribute in increasing the demand in the forecast period. On the other hand, an ability of the machines to understand human languages and emotions is the major challenge for implementing the sentiment analysis software in the analysis process.
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Report Consultant concluded, with effective innovation, introduction, and improvement of products and processes. It throws light on effective research in various domains, which helps to give insight into desired solutions. Each and every segment of the Sentiment Analysis Software Market such as drivers, restraints, and opportunities are examined carefully to understand the ups and downs of the businesses.
In This Study, The Years Considered To Estimate The Size Of Sentiment Analysis Software Market Are As Follows:
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- History Year: 2015-2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year 2019 to 2027