Cognitive Search Market

Cognitive Search Market by Component (Solutions & Services), Technology (ML & Deep Learning, and NLP), Application (Search & Discovery, Content Management), Vertical (BFSI, Healthcare & Life Sciences) and Region - Global Forecast to 2027

Report Code: UC 6002 Jan, 2025, by marketsandmarkets.com

Cognitive search is a next-generation search engine software that employs AI & ML technologies to analyze vital data from multiple data sources to enable users to gain insights to explore a large corpus of information.

The cognitive search market size will grow from USD XX billion in 2022 to USD XX billion by 2027, at a Compound Annual Growth Rate (CAGR) of XX% during the forecast period. Various factors, such as the rising need to improve employee experience and the need to interpret consistently increasing data across the business, are expected to drive the adoption of cognitive search market.

Cognitive Search Market

To know about the assumptions considered for the study, Request for Free Sample Report

Market Dynamics

Driver: Increasing need to interpret a huge collection of data across various areas of the business
Cognitive search makes it feasible to decipher a consistently growing collection of data for use within different departments of the company. As companies flourish and acquire new customers, the need to run and analyze large amounts of data increases.

 

  • Driver: The rising need to improve employee engagement and create a personalized user experience

Machine learning (ML) algorithms that provide personalized suggestions help users find relevant data more quickly, and the flexibility of cognitive search creates an improved user experience through personalization.

  • Challenge: Imprecise search results in huge amount of extraneous data

Utilizing a basic keyword search creates enterprise search challenges as search provides an effective way of finding appropriate information from large amounts of data. Cognitive search would not take keywords in context when irrelevant data may come up on search queries.

Key Market Players in the market

The major players include Microsoft (US), IBM (US), Google (US), AWS (US), HPE (US), Micro Focus (UK), Attivio (US), Squirro (Switzerland), Sinequa (France), Coveo (Canada), SAP (Germany), Lucidworks (US), and Mindbreeze (US).

Recent Developments:

  • In May 2022, Elastic and AWS announced to collaborate to deliver frictionless access to Elastic Cloud on AWS and aims to generate new business across Amazon’s various cloud-focused sales organizations.
  • In September 2020, Coveo announced the expansion of its cloud infrastructure to Europe and Australia which allows multi-national organizations to be in full compliance while taking advantage of the Coveo Relevance Platform.
  • In September 2019, Attivio partnered with Alcor Solutions to leverage Attivio's Elevate for ServiceNow applications to deliver transformative solutions to their client base.

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.


Request for detailed table of content.

Please share your problem/objectives in greater details so that our analyst can verify if they can solve your problem(s).
  • Select all
  • News-Letters with latest Market insights
  • Information & discussion on the relevant new products and services
  • Information & discussion on Market insights and Market information
  • Information & discussion on our events and conferences
    • Select all
    • Email Phone Professional and social network (Linkedin, etc)

Request for detailed methodology, assumptions & how numbers were triangulated.

Please share your problem/objectives in greater details so that our analyst can verify if they can solve your problem(s).
5 3 0 4 7  
  • Select all
  • News-Letters with latest Market insights
  • Information & discussion on the relevant new products and services
  • Information & discussion on Market insights and Market information
  • Information & discussion on our events and conferences
    • Select all
    • Email Phone Professional and social network (Linkedin, etc)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Request Customization
Report Code
UC 6002
Available for Pre-Book
Choose License Type
Prebook Now
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Cognitive Search Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
knowledgestore logo

Want to explore hidden markets that can drive new revenue in Cognitive Search Market?

Find Hidden Markets
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status
Website Feedback