Insight Engines Market to reach $2,197.4 Million by 2023 | Key players include IBM, Microsoft, Oracle, Attvio, Coveo and Sinequa

According to recent research "Insight Engines Market by Component (Tools and Services), Application (Customer Experience Management, Sales & Marketing Optimization), Insight Type, Deployment Type, Organization Size, Industry Vertical, and Region - Global Forecast to 2023" published by MarketsandMarkets™, the insight engines market expected to grow from USD 735.2 Million in 2018 to USD 2,197.4 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 24.5% during the forecast period. The key forces driving the insight engines market include the need for sustaining improved strategic risk management, evolving regulations and compliance deadlines for business data security, and the need for advanced search and access for in-depth insights.

Browse 83 market data Tables and 41 Figures spread through 175 Pages and in-depth TOC on "Insight Engines Market”
Buy Now@ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=231500741&utm_source=Openpr

The insight engines tools segment is expected to witness steady growth during the forecast period

The insight engines tools segment is expected to dominate the market from 2018 to 2023, with a larger market share than the services segment, as insight engines are cognitive-enabled platforms with the capabilities of Natural Language Processing (NLP), Machine Learning (ML), custom annotation, and relevance training. As the volume of data generated and collected by enterprises increased, organizations started using insight engine platforms to consider their enterprise data holistically, and improve their business processes. Insight engine works as a bridge between machine data and users, and enables communication in a user-friendly language by converting the machine language into human-friendly language. Furthermore, due to future saturation in the tools segment in developed economies, and variation in global government customer protection norms and regulations, the demand for professional services segment is expected to gain traction in the next 5 years.

The BFSI industry vertical is expected to have the largest market share during the forecast period

Among industry verticals, the Banking, Financial Services, and Insurance (BFSI) industry vertical is expected to have the largest market share during the forecast period. This industry vertical is experiencing massive transformation with increasing investments in data analysis. BFSI companies are focusing on customer experience management to accelerate customer acquisition, improve business loyalty, and enhance the customer retention ratio. The retail and eCommerce industry vertical is expected to grow at the highest CAGR during the forecast period, owing to an increased focus on reducing the customer churn rate.

Inquiry before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=231500741&utm_source=Openpr

North America is expected to hold the largest market size during the forecast period
North America is expected to hold the largest market size and continue to dominate the global insight engines market from 2018 to 2023, due to the notable adoption of insight engines solutions and the presence of a large number of analytics vendors in the US. Asia Pacific (APAC) offers significant growth opportunities, owing to growing technology expenditures in major countries, such as Australia, China, and India, and the demand for cost-effective analytical software and services among Small and Medium-sized Enterprises (SMEs).

The global insight engines market is fragmented in nature, as no single vendor dominates the market. Major vendors offering insight engines tools and services include IBM (US), Microsoft (US), Oracle (US), Coveo (Canada), Sinequa (France), Celonis (Germany), Funnelback (Australia), IntraFind (Germany), Lucidworks (US), Insight Engines (US), Mindbreeze (Austria), Squirro (Switzerland), HPE (US), Expert System (Italy), Dassault Systtèmes (France), Veritone (US), Smartlogic (US), BA Insight (US), ForwardLane (US), CognitiveScale (US), Comintelli (Sweden), ActiveViam (UK), Lattice Engines (US), and Prevedere (US).

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com
MnM Blog: https://mnmblog.org/insight-engines-market.html
Content Source: https://www.marketsandmarkets.com/PressReleases/insight-engines.asp

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets

This release was published on openPR.