Press release
Enterprise Search Market Size, Share, Application Analysis, Regional Outlook, Competitive Strategies & Forecast up to 2025: key players - HP Autonomy, Google Inc., SharePoint Search (Acquired by Microsoft), and IBM Corp.
The increasing demand for time-saving data search solutions is expected to be the key growth factor for the enterprise search market. The increasing data volumes sourced from different gateways in the Search Appliances has created a need for managing it. Enterprise search solutions help in organizing and managing this data, due to which these solutions have found a large adoption in the Search Appliances. Enterprise search solutions enable the availability of required data or information to the user from a pool of databases, emails, intranet, data management systems, and so on. It saves the operation time and money for the enterprise by efficiently managing information and searching for required information without any hassles. Additionally, it offers a security layer by allowing only authorized personnel to access information.
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The demand for relevant information and the emergence of technologies such as Software as a Service (SAAS) and cloud computing are further expected to favor the enterprise search market growth over the forecast period. The low maintenance and installation costs along with the elimination of technical support staff associated with these technologies are expected to fuel the enterprise search market growth. Data ambiguity and high implementation cost may act as a restraint to the market.
Technological advancements and the emergence of cloud computing and Software as a Service (SaaS) are driving the adoption of hosted enterprise search solutions in the small and medium enterprises. Added benefits offered by these solutions, including low maintenance and reduced installation cost, along with minimum technical support, are positively impacting the market growth. The trend is likely to continue in the near future as well. However, the availability of the open source free enterprise search solution may pose a challenge to companies operating in the market.
Banking and financial services are expected to be a high-growth segment; in 2016, it accounted for over 33% of the enterprise search market. Data sharing and interconnectivity are expected to be the key factors driving growth across this segment.
The increasing demand for solutions offering time-saving data search capabilities is expected to be a key factor driving the market growth over the next eight years. The growing need to efficiently supervise large volumes of data in an organization in order to improve the operational efficiency is propelling the adoption of enterprise search solutions. These solutions offer an enhanced security layer, allowing access to information only for the authorized personnel. This is also promoting the market growth over the forecast period. The increasing demand for several value-added services, along with the search capabilities, is encouraging the adoption of enterprise search solutions in the organization with large changes in operational practices.
The large enterprises end-use segment is expected to dominate the market over the next eight years. This can be credited to the increasing need to search for accurate data across a vast database extracted from different sources. The pay-per-use model offered by the cloud (SaaS) enterprise search solutions providers is expected to have a wide adoption across the small and medium enterprises at a rate higher than the global average over the forecast period.
North America emerged as a market leader in terms of market revenue and accounted for over 35% of the global enterprise search market in 2015. Technological advancements along with the presence of the key market players have contributed to the regional market growth.
The key industry participants include HP Autonomy, Google Inc., SharePoint Search (Acquired by Microsoft), and IBM Corp. Strategic collaborations, in order to provide mass market solutions while serving the niche markets, remain a strategic initiative that is followed by the leading players.
The key players covered in this study:
IBM Corp
SAP AG
Dassault Systemes
Oracle
Microsoft
Coveo Corp
Marklogic Inc
Concept Searching Limited
Lucid Work
Perceptive Software Inc
X1 Technologies
HP Autonomy
Attivio Inc
Expert System Inc
Market segment by Type, the product can be split into:
Local Installations
Hosted Versions
Search Appliances
Market segment by Application, split into:
Government
Banking & Financial Services
Media
Manufacturing
Others
The study objectives of this report are:
To analyze global Enterprise Search status, future forecast, growth opportunity, key market and key players.
To present the Enterprise Search development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Enterprise Search are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Table of Contents:
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.4.1 Global Enterprise Search Market Size Growth Rate by Type (2014-2025)
1.4.2 Local Installations
1.4.3 Hosted Versions
1.4.4 Search Appliances
1.5 Market by Application
1.5.1 Global Enterprise Search Market Share by Application (2014-2025)
1.5.2 Government
1.5.3 Banking & Financial Services
1.5.4 Media
1.5.5 Manufacturing
1.5.6 Others
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Enterprise Search Market Size
2.2 Enterprise Search Growth Trends by Regions
2.2.1 Enterprise Search Market Size by Regions (2014-2025)
2.2.2 Enterprise Search Market Share by Regions (2014-2019)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Opportunities
3 Market Share by Key Players
3.1 Enterprise Search Market Size by Manufacturers
3.1.1 Global Enterprise Search Revenue by Manufacturers (2014-2019)
3.1.2 Global Enterprise Search Revenue Market Share by Manufacturers (2014-2019)
3.1.3 Global Enterprise Search Market Concentration Ratio (CR5 and HHI)
3.2 Enterprise Search Key Players Head office and Area Served
3.3 Key Players Enterprise Search Product/Solution/Service
3.4 Date of Enter into Enterprise Search Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type and Application
4.1 Global Enterprise Search Market Size by Type (2014-2019)
4.2 Global Enterprise Search Market Size by Application (2014-2019)
5 United States
5.1 United States Enterprise Search Market Size (2014-2019)
5.2 Enterprise Search Key Players in United States
5.3 United States Enterprise Search Market Size by Type
5.4 United States Enterprise Search Market Size by Application
6 Europe
6.1 Europe Enterprise Search Market Size (2014-2019)
6.2 Enterprise Search Key Players in Europe
6.3 Europe Enterprise Search Market Size by Type
6.4 Europe Enterprise Search Market Size by Application
7 China
7.1 China Enterprise Search Market Size (2014-2019)
7.2 Enterprise Search Key Players in China
7.3 China Enterprise Search Market Size by Type
7.4 China Enterprise Search Market Size by Application
8 Japan
8.1 Japan Enterprise Search Market Size (2014-2019)
8.2 Enterprise Search Key Players in Japan
8.3 Japan Enterprise Search Market Size by Type
8.4 Japan Enterprise Search Market Size by Application
9 Southeast Asia
9.1 Southeast Asia Enterprise Search Market Size (2014-2019)
9.2 Enterprise Search Key Players in Southeast Asia
9.3 Southeast Asia Enterprise Search Market Size by Type
9.4 Southeast Asia Enterprise Search Market Size by Application
10 India
10.1 India Enterprise Search Market Size (2014-2019)
10.2 Enterprise Search Key Players in India
10.3 India Enterprise Search Market Size by Type
10.4 India Enterprise Search Market Size by Application
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Related Report:
Healthcare IT Market [By Product & Service (Healthcare Provider Solution {Clinical solutions, Non-clinical Solutions}, Healthcare Payer Solutions {PAS, FMS, MEMS, BAMS, CRMS, PHMS, CMS, NMS, Others}, Healthcare IT Outsourcing Service (Payer IT Outsourcing Services, Provider Healthcare IT Services, Operation IT Outsourcing Services, IT Infrastructure Management Services)), by Components (Hardware, Software, Service), by End User (Healthcare Payer (Public Players, Private Payers), Healthcare Providers (Ambulatory Care Services, Hospitals, Diagnostic and Imaging Centre, Pharmacies, and Others)), and by Region]:Market Size & Forecast, 2018-2026.
Global Healthcare IT Market estimated to reach USD 324.9 Billion by 2026 says a new report by Polaris Market Research. The demand for healthcare IT is majorly driven by continuous technological advancements for providing improved healthcare facilities, increased government support & spending on healthcare IT solutions, and rising need to manage individual health data at a single platform. Moreover, need of decreasing healthcare cost by increasing adoption of healthcare IT systems would also influence the growth of HCIT market in the forecast period. Despite of higher investment cost, healthcare IT market would notice growth in the future.
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