PUBLISHER: IMARC | PRODUCT CODE: 1746527
PUBLISHER: IMARC | PRODUCT CODE: 1746527
Japan text analytics market size reached USD 597.3 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,830.1 Million by 2033, exhibiting a growth rate (CAGR) of 13.2% during 2025-2033. The growing automation to reduce the time and effort required for manual analysis, rising focus on improving search engine rankings, and increasing need to monitor public sentiment and opinions on social and political issues represent some of the key factors driving the market.
Text analytics, also known as text mining or natural language processing (NLP), is used to extract meaningful and valuable insights from unstructured text data, such as written or textual information. It comprises various tasks, such as removing punctuation, converting text to lowercase, and stemming. It relies on several techniques, including sentiment analysis, named entity recognition, topic modelling, text classification, and keyword extraction. It generates actionable insights that can enhance decision-making, such as understanding individual opinions, market trends, or emerging issues. It transforms text into a format that can be easily analyzed and interpreted. It identifies and categorizes entities, such as names of people, places, organizations, and other specific terms within the text. It enables businesses to manage vast volumes of text-based data from sources like individual feedback and social media, and uncover patterns, insights, and trends. It aids in categorizing and classifying text into predefined categories or labels. It is beneficial in automatically sorting documents, emails, or inquiries of people into relevant categories and streamlining processes while improving efficiency. As it assists in monitoring textual data for potential risks, fraud, or regulatory compliance violations, the demand for text analytics is rising in Japan.
At present, the increasing demand for text analytics to analyze user behavior and preferences as per their textual interactions represents one of the major factors contributing to the market growth in Japan. Moreover, the rising adoption of text analytics, as it allows companies to tailor recommendations, content, and marketing messages according to the needs of individuals, is strengthening the growth of the market in the country. Apart from this, the escalating demand for automation to reduce the time and effort required for manual analysis is offering a positive market outlook. Additionally, the increasing utilization of text analytics, as it can automatically categorize and prioritize feedback for faster action, is providing lucrative growth opportunities to industry investors operating in the country. In line with this, the growing focus on improving search engine rankings in an organization is influencing the market positively in Japan. In addition, the rising employment of text analytics in the healthcare industry to analyze patient records and clinical notes for identifying disease trends, treatment outcomes, and areas for medical research is bolstering the growth of the market. Besides this, the increasing use of text analytics to monitor public sentiment and opinions on social and political issues is propelling the market growth in Japan. Furthermore, the rising demand for text analytics in the financial sector, as it helps financial institutions to analyze market sentiment and assess the impact on investments, is impelling the market growth in the country.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.