Sentiment Analysis Software Trends and Forecast
The future of the global sentiment analysis software market looks promising with opportunities in the BFSI, retail, transport & logistic, education, media & entertainment, and healthcare & life science markets. The global sentiment analysis software market is expected to reach an estimated $8.3 billion by 2030 with a CAGR of 14.5% from 2024 to 2030. The major drivers for this market are growing demand for AI Chatbots across various industrial verticals, increasing demand in social media and other web applications, and rising number of recent innovations made by significant industry participants.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Sentiment Analysis Software by Segment
The study includes a forecast for the global sentiment analysis software by deployment, organization size, component, end use, and region.
Sentiment Analysis Software Market by Deployment [Shipment Analysis by Value from 2018 to 2030]:
• Cloud
• On-Premise
Sentiment Analysis Software Market by Organization Size [Shipment Analysis by Value from 2018 to 2030]:
• Small & Medium Enterprises
• Large Enterprises
Sentiment Analysis Software Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Service
• Professional Services
• Sentiment Support
• Maintenance Service
Sentiment Analysis Software Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• BFSI
• Retail
• Transport & Logistics
• Education
• Media & Entertainment
• Healthcare & Life Sciences
• Others
Sentiment Analysis Software Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Sentiment Analysis Software Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies sentiment analysis software companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the sentiment analysis software companies profiled in this report include-
• Adoreboard
• Affectiva
• Angoss Sentiment Corporation
• Aylien
• Beyond Verbal
• Bottlenose.com
• Brandwatch
• Clarabridge
• Cogito
• Crowdflower
Sentiment Analysis Software Market Insights
Lucintel forecasts that on-premise is expected to witness the higher growth over the forecast period.
Within this market, retail will remain the largest segment due to increasing use of these tools to pinpoint target audiences and comprehend customer sentiment.
North America is expected to witness the highest growth over the forecast period due to rapid improvements in technology and widespread use of tools like cloud computing.
Features of the Global Sentiment Analysis Software Market
Market Size Estimates: Sentiment analysis software market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Sentiment analysis software market size by various segments, such as by deployment, organization size, component, end use, and region in terms of value ($B).
Regional Analysis: Sentiment analysis software market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different deployment, organization sizes, components, end uses, and regions for the sentiment analysis software market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the sentiment analysis software market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the sentiment analysis software market size?
Answer: The global sentiment analysis software market is expected to reach an estimated $8.3 billion by 2030.
Q2. What is the growth forecast for sentiment analysis software market?
Answer: The global sentiment analysis software market is expected to grow with a CAGR of 14.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the sentiment analysis software market?
Answer: The major drivers for this market are growing demand for AI Chatbots across various industrial verticals, increasing demand in social media and other web applications, and rising number of recent innovations made by significant industry participants.
Q4. What are the major segments for sentiment analysis software market?
Answer: The future of the sentiment analysis software market looks promising with opportunities in the BFSI, retail, transport & logistic, education, media & entertainment, and healthcare & life science markets.
Q5. Who are the key sentiment analysis software market companies?
Answer: Some of the key sentiment analysis software companies are as follows:
• Adoreboard
• Affectiva
• Angoss Sentiment Corporation
• Aylien
• Beyond Verbal
• Bottlenose.com
• Brandwatch
• Clarabridge
• Cogito
• Crowdflower
Q6. Which sentiment analysis software market segment will be the largest in future?
Answer: Lucintel forecasts that on-premise is expected to witness the higher growth over the forecast period.
Q7. In sentiment analysis software market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness the highest growth over the forecast period due to rapid improvements in technology and widespread use of tools like cloud computing.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the sentiment analysis software market by deployment (cloud and on-premise), organization size (small & medium enterprises and large enterprises), component (service, professional services, sentiment support, and maintenance service), end use (BFSI, retail, transport & logistics, education, media & entertainment, healthcare & life sciences, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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