Thalasar Ventures

Category : Big Data

Text Analytics Market Projected to $4.90 Billion by 2019 – New Report by MarketsandMarkets


(PRWEB) July 24, 2014

The report, “Text Analytics Market by Applications (Enterprise, Web-based and Software, Data Analysis, Search-based, Others), by Users (SMBs, Enterprises), by Deployment Model (Cloud, On-Premise) – Market Forecasts and Analysis (2014-2019),” defines and segments the global Text Analytics Market into various sub-segments with an in-depth analysis and forecasting of market sizes. The report also identifies the factors driving this market, and the restraints and opportunities impacting it along with the adoption trends.

Browse 68 market data tables and 41 figures spread through 166 pages and in-depth TOC on “Text Analytics Market:”

http://www.marketsandmarkets.com/Market-Reports/text-analytics-market-253879369.html

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MarketsandMarkets forecasts the global Text Analytics Market to grow from $ 1.64 billion in 2014 to $ 4.90 billion in 2019, at a CAGR of 18.1%. In terms of regions, North America is expected to be the biggest market in terms of market size, while Europe and Asia Pacific (APAC) are expected to experience increased market traction during the forecast period.

MarketsandMarkets broadly segments the global Text Analytics Market by regions: North America (NA), Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America (LA); by applications: enterprise, web-based and software, data analysis, search-based and others; by deployment model: cloud and on-premise; by users: Small And Medium-sized Businesses (SMBs) and enterprises; by industry verticals: Banking, Financial Services, and Insurance (BFSI), consumer packaged goods, healthcare and pharma, high-tech, manufacturing, retail and hospitality, telecommunications and others.

The vendors in the Text Analytics Market are constantly innovating and remodeling the existing architecture in order to develop more efficient software. Major vendors in the Text Analytics Market include IBM, HP, Microsoft, Oracle, and SAP. The major forces driving this market are better customer understanding and improved decision-making using the insights obtained from data analysis.

Technologies like big data analytics and predictive analytics in the Text Analytics Market have promising growth opportunities for industry players. Text analytics offers a more tactical approach by providing actionable insights from analyzed data. Organizations have realized that in order to keep up with this enormous amount of information, they need to automate their data analysis. Text analytics has huge potential in improving customer experience through Customer Relationship Management (CRM) and exercising marketing and branding activities more efficiently and effectively.

Text analytics has empowered organizations to extract valuable business insights from textual sources such as survey responses, email and messaging, contact center notes, traditional and social media, etc. For a customer-centric approach, text analytics could be the answer to survey analysis for attending to the needs of customers by understanding their responses better and in a more competent way. Social media platforms are among the top contributors for large amount of data which could be beneficial for many organizations if analyzed with the appropriate tools.

Text analytics with multi-lingual support is the key to removing language barrier between a customer and a company which will help the company to establish and expand globally. Lack of awareness in terms of end use and software handling could hamper the growth of text analytics. Issues like deployment cost and non-compliance with existing Information Technology (IT) infrastructure could challenge the credibility of this technology.

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About MarketsandMarkets:

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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AvePoint Public Sector Wins GOVTek Executive Government Technology Award for Top Technologies to Watch


Arlington, VA (PRWEB) July 09, 2014

AvePoint Public Sector, Inc., a wholly owned subsidiary of AvePoint, Inc., the leader in governance, compliance, and management solutions for social enterprise collaboration platforms, today announced it was named the recipient of the GOVTek Executive Government Technology Award for Top Technologies to Watch. The awards, given out by the Government Technology Research Alliance (GTRA), were presented June 23 during the GOVTek Awards Gala in Leesburg, VA. Andrew Norris, Vice President of North American Partner Team for AvePoint, and Tarek Shamounki, Vice President of Sales US Federal Civilian EPG for AvePoint Public Sector, were on hand to accept the award on the company’s behalf.

The awards are given to recognize government and industry IT leaders whose vision, innovation, and remarkable accomplishments have improved efficiency, the delivery of government services, citizen engagement, information sharing, and national security. AvePoint Public Sector has received a GOVTek Executive Government Technology Award for two consecutive years, winning the Best Collaboration Solution award last year.

“AvePoint Public Sector is incredibly proud to have received this honor from the Government Technology Research Alliance for Top Technologies to Watch,” said Chris Foreman, CEO, AvePoint Public Sector. “Security and content control are essential when working in government, and this award validates our ongoing efforts to provide the public sector with solutions to enhance productivity without sacrificing data safety.”

AvePoint Public Sector works extensively with customers in every branch of the U.S. Armed Forces, Federal Civilian, and Intelligence agencies, as well as State and Local governments, to meet their mission-critical business objectives utilizing Microsoft SharePoint. AvePoint Public Sector, headquartered in Arlington, VA, is a US Government GSA certified provider via strategic partnerships, and was also named a 2014 Microsoft Partner of the Year Winner for Public Sector – Public Safety & National Security.

“As we have discussed many times at this year’s Council meeting, government and healthcare successes do not get recognized in today’s media, which focuses on headline-grabbing negative news stories,” said Parham Eftekhari, EVP of Marketing and Research for GTRA & HTRAC. “We are honored to have the opportunity to recognize these hard working men and women who are truly making a difference in our country by protecting our nation, saving lives, and improving the services which help run America. Congratulations to all of this year’s nominees and winners.”

GTRA brings together executive-level government IT leaders to collaborate, strategize, and create innovative solutions in critical areas including infrastructure modernization, cyber security, cloud computing, big data, risk management, portfolio management, enterprise architecture, and health IT.

About AvePoint Public Sector

AvePoint Public Sector Inc. is a wholly owned subsidiary of AvePoint Inc., the established leader in enterprise-class big data management, governance, and compliance software solutions for next-generation social collaboration platforms. With its flagship solution, the DocAve Software Platform, AvePoint Public Sector works extensively with customers in every branch of the U.S. Armed Forces, Federal Civilian, and Intelligence agencies, as well as State and Local governments, to meet their mission-critical business objectives utilizing Microsoft SharePoint. AvePoint Public Sector, headquartered in Arlington, VA, is a US Government GSA certified provider via strategic partnerships, and was named a Microsoft Partner of the Year Finalist in 2013 for Public Sector – Public Safety & National Security.

All product and company names herein may be trademarks of their registered owners.







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CRMnext Raises Capital from Norwest Venture Partners (NVP) to Accelerate Global Reach


Mumbai, Maharashtra (PRWEB) June 27, 2014

CRMnext, a leading global CRM (Customer relationship Management) product company with leadership in more than nine industry verticals, today announced a strategic investment from Norwest Venture Partners (NVP). The fresh capital will be used to accelerate the company’s global outreach and fuel investments into its research and innovation portfolio. This move is part of the company’s vision to become one of the top five players in the global CRM space across industries changing the dynamics of the global market.

“We are focused on expanding our reach in the global market and this move will accelerate it. Even though we are a very profitable business, this funding will enable us to fuel investments into our research and innovation initiatives. All this will lead to further strengthening of our position as an enterprise class innovator in the CRM space, a space that has seen consolidation resulting in commoditization and has led to lack of real customer focused innovation” said Nishant Singh, CEO, CRMnext on the sidelines of the announcement.

CRMnext runs some of the largest CRM implementations in Asia Pacifc, Africa and Middle East regions. In India today, all the top 3 private banks such as ICICI Bank, AXIS Bank and HDFC Bank use CRMnext. In fact, it has to its credit the largest banking implementation in Asia at HDFC Bank with 40,000+ users across 3,000+ branches in 1,500+ cities. With CRMnext, these organizations have implemented global best practices in customer facing departments, thereby significantly improving their business performance.

Mohan Kumar, Executive Director, NVP India said, “We are happy and excited to be partnering with CRMnext – India’s leading CRM solution provider in the BFSI space. The company has built a very strong platform – CRMnext – that helps define business strategies by making sense of big data coming from various customer touch points. Traditional CRM systems do not engage customers or make use of analytics. We believe the CRM market is evolving and next generation CRM systems will be multi-channel, more vertically focused and have a heavier emphasis on customer engagement. At NVP we have invested in a variety of verticals including retail, healthcare and education, and with CRMNext, we found a great company doing the same in the BFSI space.”

CRMnext helps manage sales, marketing and customer service across the organization, enables seamless sharing of information by centralizing all customer data and processes. Other customers include thought leaders across various verticals like Pfizer, Max Life Insurance, TATA AIA, Reliance, CRISIL (S&P Co.), Fullerton Financials, Bajaj, IIFL etc.

CRMnext is the only product with a Commutable cloud TM platform, offering an extremely comprehensive private cloud solution. The platform brings flexibility, agility and automatic upgrades to the complex enterprise environments which incumbents have failed to serve. The company has been bestowed with some of the most prestigious awards such as, “Most Promising Product Company” at CIO Review Asia 2014 &“Best CRM Technology Provider of Asia 2013” by World Finance. CRMnext is the flagship product of Acidaes Solutions Pvt. Ltd. which is a specialist customer relationship management product company, providing services to customers in the global market. In this transaction, Mumbai based boutique investment bank Zanskar Advisors was the exclusive financial advisor to Acidaes Solutions Pvt. Ltd.

About Norwest Venture Partners (NVP)

Norwest Venture Partners (NVP) is a global, multi-stage venture and growth equity investment firm that has partnered with entrepreneurs to build great businesses for more than 50 years. The firm manages approximately $ 5 billion in capital and has funded more than 550 companies since inception. Headquartered in Palo Alto, Calif., NVP has subsidiaries in Mumbai and Bengaluru, India, and Herzelia, Israel. NVP makes early to late-stage venture and growth equity investments across a wide range of sectors including: technology, information services, business services, financial services, consumer products/services and healthcare. For more information visit: http://www.nvp.com.

About CRMnext

CRMnext is a leading global CRM solution. CRMnext has practice leadership in more than nine industry verticals where it works with companies to help them make most of their relationships with customers. Key vertical editions include Banking, Financial Services, Insurance, Media, Pharmaceutical, Telecom, Entertainment, Energy, Manufacturing etc. CRMnext works closely with its customers, leveraging its extensive domain expertise to enhance their business efficiency by improving processes and practices. This combination of competency and commitment to results is the key to CRMnext’s success in the global market.

Acidaes Solutions

Founded in 2002, Acidaes Solutions is a specialist customer relationship management product company, providing services to customers in the global market. CRMnext is the flagship product, available on a commutable cloud model through a single code-base which provides companies with flexibility for their ownership model. The CRMnext team has a proven track record of delivering high impact CRM solutions with strong offerings in 09 verticals including Banking, Insurance, Financial Services, Pharma, Media, Telecom, Automobile, etc. It works very closely with its customers, leveraging its extensive domain expertise to enhance their business efficiency by improving processes and practices. This combination of competency and commitment to results are the key to its success in the global market. Today, CRMnext has to its credit thought leaders across verticals as its customers.