Enterprise Search Market – Worldwide Growth Trend Analysis - 2022
In the report, “Global Enterprise Search Market Research Report - Industry Analysis, Size, Share, Growth, Trends And Forecast” added by DecisionDatabases.com the market overview, market size; growth trends and future prospects are elaborately covered. The report incorporates the enterprise search market analysis on the basis of enterprise size and end-use. The report offers details about the drivers, restraints and growing opportunity in the industry
Enterprise search is the application of creating content from various enterprise-type resources, such as intranets and databases, searchable to a definite audience. It saves the money and operation time for the enterprise by effectively managing searching and is more hassle-free. In addition, enterprise search also offers a layer of security by allowing only official personnel to access information.
The increasing volume of data sourced from several gateways coupled with rapid technological advancements is the major driver, which is expected to augment demand for enterprise search market in the near future. Additionally, surging demand for time-saving search solutions will further aid to growth for enterprise search market over the coming years. Rising adoption of enterprise solution due to its ability to enable the accessibility of required information or data to the user is anticipated to boost market demand in the forthcoming years. Growing preference for relevant information and the rapid emergence of technologies such as cloud computing and SAAS are further anticipated to positively impact the growth of enterprise search market during the forecast period. However, high maintenance and implementation cost are major restraints, which can hinder the market growth over the coming years. Searching for relevant data in any big enterprise is a tedious task, on account of its vast database. Enterprise search solutions are main solutions tackling these issues in an effective manner, saving time and enhancing the operational efficiency.
The global enterprise search market has been segmented based on enterprise size into the large enterprise, medium enterprise, and small enterprise. Furthermore, the enterprise search market has been segmented based on end-use into government & commercial, banking & financial, retail, healthcare and others. Other end-use industries include aerospace, defense, construction, entertainment, and media. The banking & financial is a major end-use segment and is expected to grow at the highest CAGR over the forecast period due to growing demand for sharing and interconnectivity of data safely, in various outlets.
North America is a leading market for enterprise search and is estimated to continue its dominance in the study period owing to the presence of key industry players, robust technological advancements and rising convergence of enterprise information systems and security solutions. Asia Pacific is anticipated to grow at a considerable rate over the coming years due to the expanding information technology industry in countries such as China, India, Japan, Philippines and the South Korea.
The major industry participants include Attivio, Coveo Solutions Inc., Dassault Systemes Inc., Dieselpoint Inc., EMC Corporation, Expert System Inc., Google Inc., HP Autonomy, IBM Corporation, Lucidworks
Inc., MarkLogic Corporation, Oracle Corporation, Perceptive Software Inc., PolySpot, Recommind Inc., SAP AG, Sinequa Inc., Thunderstone Software, X1 Technologies, and ZyLabs. The report profiles these companies and provides details to understand the competitive landscape.
In June 2016, Google has introduced a new apps search service, “Springboard”, for enterprise users.
In June 2015, Coveo had launched the “Coveo Cloud”, a first end-to-end, smart search cloud platform distribute unified search as an enterprise-class service.
In Sept 2014, Recommind, a leading advanced analytics software company, had launched the “Decisiv 7.7”, to upgrade its market-leading enterprise search platform.
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