Enterprise search is about making content available to individuals within the company or stakeholders outside the company from various information sources that are based on a range of databases. In an ever-changing business landscape, structured and unstructured data files from multiple databases, in particular emails and intranets need to be accessed. Numerous content management systems, application databases, company websites, and email servers are notable databases used. The integration of structured content with unstructured data is one of the key functions of using enterprise search solutions, so that interested end users can easily search for them. Making proprietary knowledge and data easily accessible is one of the key business proposals driving product adoption in the enterprise search market. The framework is designed to break universal principles and allow companies and other entities across the value chain to unify information.
The key growth factor for the enterprise search market is expected to be the rising demand for time-saving data search solutions. A need to manage it has been created by increasing data volumes sourced from various gateways in the search appliances. Enterprise search solutions help to organize and manage the data, which has led to the large adoption of these solutions in search appliances. Enterprise search solutions allow the user to access the required information or information from a pool of databases, emails, intranets, data management systems. It saves business time and money by managing information efficiently and searching for the required information without any troubles. Additionally, it offers a security layer by allowing only authorized personnel to access information.
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Technological advancements and the emergence of cloud computing and Software as a Service (SaaS) drive the adoption of hosted enterprise search solutions in small and medium-sized enterprises. Added benefits offered by these solutions, including low maintenance and reduced installation costs, along with minimal technical support, have a positive impact on the growth of the market. The trend is also likely to continue in the near future. The availability of the open-source free enterprise search solution, however, can pose a challenge for businesses operating in the market.
Companies in different sectors are expected to invest in enterprise search applications. These investments are made in the form of new implementations or updates. The various vertical areas where these applications are primarily expected to be implemented include banking, financial institutions, logistics, military, telecommunications and healthcare, retail, energy, and government institutions. Increased demand from these sectors provides great opportunities which, in turn, are expected to boost overall market growth over the forecast period.
North America is expected to be a key regional market during the forecast period due to the presence of major industry participants and technological advances. In addition, the convergence of enterprise security solutions and information systems may provide new opportunities for growth in North America. The Asia Pacific is expected to grow considerably by 2024 due to the growing information technology sector in countries such as India, China, Japan, South Korea, and the Philippines.
The report also covers detailed competitive analysis of major market players of the global enterprise search market such as IBM Corporation, Microsoft Corporation, Coveo Solutions, EMC CORPORATION, Google Inc., SharePoint Search, Attivio Inc., Oracle Corporation, X1 Technologies, Mark Logic Corporation, and other major & niche players. The global market for enterprise search is witnessing a wide range of industry activities such as product launch, innovation, acquisition, partnership, research & development, and expansion across the globe.
Competitive landscape analysis provides a detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development, and other market activities). The study also provides the company’s positioning and market share of the overall market.
- Small Enterprises
- Medium Enterprises
- Large Enterprises
By End Use:
- Government & Commercial Offices
- Banking & Financial Services
- Local Installations
- Hosted Versions
- Search Appliances
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand, and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, and Rest of Latin America)
- Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa and Rest of the Middle East & Africa)
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Timeline Considered for Analysis:
- 2019: Base Year
- 2020: Estimated Year
- 2020 to 2025: Forecast Period
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges, and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyses the global enterprise search market by the following segments:
Customization: We also offer customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Enterprise Search Industry Report
- What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
- Which region would have a high demand for products in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are the various long-term and short-term strategies adopted by the market players?
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