Press release
Global Enterprise Search Market Size was valued at US$ 3.75 billion in 2021, and it is expected to reach a value of US$ 7.84 billion by 2028, at a CAGR of 11.75% over the forecast period (2022 - 2028) | Rising need to make searches more relevant and the a
Global Enterprise Search Market
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North America is expected to be a significant regional market throughout the projection period due to the presence of major industry players and technological advancements. Additionally, the combination of enterprise security solutions and information technology may create new business opportunities in North America. The Asia Pacific region is expected to experience significant growth through the year 2024 as a result of the growth of the information technology sector in countries like India, China, Japan, South Korea, and the Philippines.
It is expected that over the next eight years, the global enterprise search market will continue to see banking & finance as a significant end-use category. The interconnection and sharing of data across numerous channels is the segment's key development engine. The rise of government and business offices is expected to be large due to the increased use of the intranet to convey data and information over the projected period. The healthcare and medical industries can make use of enterprise search tool solutions to gather important treatment information, enabling the speedy and efficient functioning of medical institutions. Additional end-use industries include those in defence, aircraft, construction, media, and entertainment.
Read market research report, "The Global Enterprise Search Market is segmented based on Enterprise Size, End Use, and Region. Based on Enterprise Size the market is further sub segmented into Small, Medium, and Large. Based on End Use the market is further sub segmented into Government & Commercial Offices, Banking & Finance, Healthcare, and Retail, & By Region - Forecast and Analysis 2022-2028" by SkyQuest
The key market players focus their efforts on R&D operations to diversify their product offerings and gain a competitive edge. For instance, in January 2021, IBM Corporation unveiled cloud-delivered services to support analytics research, highlight big data insights, and enhance industrial R&D. Additionally, in January 2021, IBM Corporation merged enterprise search V3.0 with unified content analytics. Major firms participate in merger and acquisition activity to improve their position in the market. For instance, in February 2021 IBM Corporation acquired Cloudant, giving it the ability to develop web applications and massive data. In February 2021, Oracle purchased Bluekai, a leading cloud-based big data platform that enables businesses to adapt their mobile, web, and offline marketing with more useful data.
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Uncertain keyword meaning is expected to restrict business search market expansion globally during the expected year. The market is particularly competitive since most words have numerous meanings and are challenging to comprehend without context. Online search has addressed this problem by providing links between web sites so that consumers can comprehend the intended meaning. This method is useless for enterprise research since intranet document links are uncommon. The current corporate search is also excessively sluggish and imprecise. The solution to this issue is to enable computers to comprehend a word's intended meaning, and Spring Sense's meaning recognition technology is the first to do so with an accuracy rate of 82.4%.
The variety of enterprise repositories and search quality are expected to constrain the expansion of the global enterprise search market during the expected timeframe. An employee searches for a substantial amount of information that is relevant to the subject. Since it is very likely that the information retrieved is older and not in a format that is currently accepted, search engines should be able to translate the information into a format that the employee can read. It is challenging for enterprise search businesses to give the data in a particular way. "Enterprise Search" tools for information retrieval search corporate archives employing a range of fundamental technologies.
The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
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What does this Report Deliver?
● Market Estimation for 20+ Countries
● Global Enterprise Search Market demand by Region, Sub-Region, and Country
● Customization on Segments, Regions, and Company Profiles
● 100+ tables, 150+ Figures
● Global, Regional, and Country-specific Enterprise Search Market Trends
● Comprehensive Mapping of Enterprise Search Market Parameters
● Attractive Investment Proposition in the Global Enterprise Search Market
● Competitive Strategies Adopted by Global Enterprise Search Market Key Players
● Drivers, Restraints, Opportunities, Challenges, and the impact on the Global Enterprise Search Market Size
● Market growth rate till 2028
● Regulatory scenario, regional dynamics, and Global Enterprise Search Market insights of leading countries in each region
● In-depth Market insights by Region and Country
● Market Segmentation Trend Analysis, Opportunities, and Growth
● Porter's five force analysis to know the market's condition
● Pricing Analysis and Global Enterprise Search Market Sales
● Parent market analysis
● Product portfolio benchmarking
SkyQuest has segmented the Global Enterprise Search Market based on Deployment, Function, Enterprise Size, Vertical, and Region:
● Global Enterprise Search by End-Use Outlook (Revenue, US$ million, 2021 - 2028)
o Government & Commercial offices
o Banking & Finance
o Healthcare
o Retail
o Others
● Global Enterprise Search by Enterprise Size Outlook (Revenue, US$ million, 2021 - 2028)
o Small
o Medium
o Large
● Global Enterprise Search Market by Regional Outlook (Revenue, US$ million, 2021 - 2028)
o North America
▪ US
▪ Canada
▪ Mexico
o Europe
▪ Germany
▪ The UK
▪ France
o The Asia Pacific
▪ China
▪ Japan
▪ India
o South America
▪ Brazil
o The Middle East and Africa
Read Full Report Here : https://skyquestt.com/report/enterprise-search-market
Key Players in the Global Enterprise Search Market
• Microsoft Corporation(US)
• IBM Corporation(US)
• Oracle Corporation(US)
• Coveo Solutions(Canada)
• SAP SE(Germany)
• EMC Corporation(US)
• Google LLC(US)
• Expert Systems Inc(China)
• Lucidworks(US)
• MarkLogic Corporation(US)
About Us-
SkyQuest Technology Group is a Global Market Intelligence, Innovation Management & Commercialization organization that connects innovation to new markets, networks & collaborators for achieving Sustainable Development Goals.
Contact Us-
SkyQuest Technology Consulting Pvt. Ltd.
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 617-230-0741
Email- info@skyquestt.com
Website: https://www.skyquestt.com/
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