Press release
Insight Engines Market 2025 is expected to grow at a CAGR of 26.4% With Leading Players Like IBM, Microsoft, Mindbreeze Mobile, Insight Engines, Lucidworks, Attivio, celonis, Coveo Solutions, Sinequa
Market Highlights:The Global Insight Engines Market is expected to reach USD 3050.1 Million by 2025 from USD 701.8 billion in 2017 and is projected to grow at a CAGR of 26.4 % the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Insight engines are platform which offers natural access to information for knowledge workers and other constituents. It contains solution for all business sectuy890ors to qualitatively improve work processes and speed up workflow. It analyses data, quality and efficiency of business process. Insight engines are other forms of artificial intelligence which includes machine learning and deep learning. It has various features such as optimization of internal company time management, rapid integration, wide-ranging applications, linking data, extracting information, utilizing knowledge and many more. It is used in different vertical such as banking, financial services, insurance, retail and ecommerce, government and defense, healthcare and life sciences, manufacturing, telecommunications and IT, energy and utilities, construction, engineering and others.
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In 2018, IDG Communications, Inc. launched insight engines tool as Google for network security, allowing natural language searches and returning information to answer each query. They provide solutions to automate security processes and even help to outsource critical security functions like threat hunting.
In 2017, insight engines announced general availability of cyber security investigator (CSI) for splunk which enables broader and more insightful use of data required by evolving needs of an expanding business ecosystem.
Top Industry Players:
The renowned players in Insight engines market are IBM, Microsoft, Mindbreeze Mobile, Insight Engines Inc., Lucidworks, Attivio, celonis, Coveo Solutions Inc., Sinequa., Oracle, BA Insight, Smartlogic, Veritone, Inc., Dassault Systèmes, Expert System S.p.A., Hewlett Packard Enterprise Development LP, Squirro, CognitiveScale., Forwardlane, Prevedere, Lattice Engines and many more.
Competitive Analysis: Global Insight Engines Market
The global insight engines market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of Insight engines market for global, Europe, North America, Asia Pacific and South America.
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Market Segments:
The market is based on component, application, insight type, deployment type, organization size, vertical and geographical segments.
• Based on component, the market is segmented into tools, services, managed services and professional services.
• Based on application, the market is segmented into customer experience management and sales & marketing optimization.
• Based on insight type, the market is segmented into predictive insights, prescriptive insights and descriptitve insights.
• Based on deployment type, the market is segmented into cloud and on-premises.
• Based on organization size, the market is segmented into small and medium-sized enterprises and large enterprises
• Based on vertical, the market is segmented into banking, financial services, and insurance, retail and ecommerce, government and defense, healthcare and life sciences, manufacturing, telecommunications and it, energy and utilities, construction and engineering and others
• Based on geography, the market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Market Drivers and Restraints:
• Increasing demand for advanced search
• Growing regulations and compliance deadlines for business data security
• Rising demand for sustaining improved in strategic risk management
• Issues in data quality and data sources validation.
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