In recent years, an enormous amount of text data from diversified sources has been emerged day-by-day. This huge amount of data carries essential information and knowledge that needs to be effectively summarized to be useful. Hence, the main contribution of this paper is twofold. We first introduce some concepts related to extractive text summarization and then provide a systematic analysis of various text summarization techniques. In particular, some challenges in extractive summarization of single as well as multiple documents are introduced. The problems focus on the textual assessment and similarity measurement between the text documents are addressed. The challenges discussed are generic and applicable to every possible scenario in text summarization. Then, existing state-of-the-art of extractive summarization techniques are discussed that focus on the identified challenges.