Insight Engines Market Key Players, Size, Share, Demands, Growth rate and Forecasts to 2028

The market for insight engines is projected to grow from USD 1.7 billion in 2023 to USD 5.6 billion by 2028, at a CAGR of 27.1% during the forecast period. The insight engine works with cognitive systems that employ NLP to interpret unstructured data from sources including documents, blogs, engineering reports, market research, and rich media such as videos. The insights and relevance discovered from these data sets are further refined by machine learning techniques.

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The report includes the study of key players offering insight engines solutions and services. It profiles major vendors in the global market. The major vendors Microsoft (US), IBM (US), OpenText (Canada), SAP (Germany), Oracle (US), Elastic (US), Expert.ai (Italy), Almawave (Italy), Mindbreeze (Austria), Squirro(Switzerland), Sinequa (France), Coveo (Canada), Lucidworks (US), SearchBlox (US), Attivio (US), o9 Solutions (US), Celonis (US), Squiz (Australia), IntraFind (Germany), Fletch (US), Veritone (US), Progress (US), Upland Software (US), ForwardLane (US), Tecnotree (Finland), Comintelli (Sweden), Activeviam (US), Dun & Bradstreet (US), Prevedere (US), Stravito (Sweden), xFind (Israel), Turing Labs (US), Rampfy (Brazil), Raffle.ai (Denmark), Pecan AI (Israel), Omnisearch (Canada), and Fosfor (India).

The insight engines market is a rapidly growing industry that provides solutions for businesses to access and analyze their data in real-time. Insight engines utilize artificial intelligence (AI) and machine learning (ML) algorithms to provide faster and more efficient data analysis, resulting in better decision-making and improved business outcomes.

The market for insight engines is expected to grow at a significant rate in the coming years, driven by the increasing need for businesses to derive meaningful insights from the vast amounts of data generated every day. Some of the key drivers of growth in this market include the increasing adoption of cloud-based solutions, the proliferation of connected devices, and the growing use of data analytics in industries such as healthcare, retail, and finance.

As the importance of data analytics continues to grow, the market for insight engines is expected to expand further, with increasing competition and innovation in the space.

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This release was published on openPR.