Press release
Enterprise Search Market Outlook, Growth (CAGR of 10.7%), Demand, Key Player Analysis and Opportunity 2023-2028
Enterprise Search Market
IMARC Group's latest report, titled "Enterprise Search Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", the global enterprise search market size reached US$ 5.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.6 Billion by 2028, exhibiting a growth rate (CAGR) of 10.7% during 2023-2028.
What is Enterprise Search ? :
Enterprise search encompasses a range of software solutions designed to facilitate efficient and effective information retrieval across various data sources within an enterprise. These systems enable users to search, discover, and access relevant information from diverse repositories, including databases, documents, emails, websites, intranets, and more. By employing advanced indexing, natural language processing, and machine learning to deliver accurate and personalized search results, they help in enhancing productivity, collaboration, and decision-making with in organizations.
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Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players being
• Attivio (ServiceNow)
• Coveo Solutions Inc
• Dassault Systèmes
• Google LLC
• International Business Machines Corporation
• Lucidworks
• MarkLogic Corporation
• Oracle Corporation
• SAP SE
• Sinequa
• X1 Technologies Inc
Enterprise Search Market Growth and Demand Analysis:
The enterprise search market is majorly driven by the rising need for sophisticated search tools for extracting meaning and context from unstructured data sources. This can be attributed to the exponential growth of digital data within organizations. With the rise of big data, cloud storage, and distributed workforces, there is an augmenting demand for quick access to relevant insights, which in turn is fueling the market. Moreover, the growing importance of knowledge management and information governance is resulting in an increasing adoption of enterprise search systems in various organizations.
Apart from this, regulatory compliance requirements, particularly in industries such as healthcare and finance, are pushing organizations to implement robust search solutions that ensure data privacy, security, and adherence to regulatory frameworks. Furthermore, the demand for personalized search experiences, driven by user expectations influenced by consumer search engines, is shaping the market.
Ask Analyst for Instant Discount and Download Full Report with TOC & List of Figure: https://www.imarcgroup.com/enterprise-search-market
Key Market Segmentation:
Breakup by Enterprise Size
• Small Enterprises
• Medium Enterprises
• Large Enterprises
Breakup by End User:
• Banking and Financial Services
• Healthcare
• Retail
• Government and Commercial Offices
• Media and Entertainment
• Others
Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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