Enterprise search Market

Enterprise search Market by Component (Solution & Services), Application (Search & Discovery, Knowledge Management), Technology (ML & Deep Learning and NLP), Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2027

Report Code: UC 6145 Jan, 2025, by marketsandmarkets.com

Enterprise search is a software that enables organizations to organize retrieval of stored data, whether that be data internal to an organization or externally facing sources like applications and websites. The enterprise search solutions enable users to securely enter and discover data across various data sources that includes databases, documents, applications, websites, and intranets.

The enterprise search market size will grow from USD XX.X billion in 2022 to USD XX.X billion by 2027, at a Compound Annual Growth Rate (CAGR) of XX.X% during the forecast period. Several factors, such as the demand for faster decision-making and data simplicity are expected to drive the adoption of enterprise search market.

Enterprise Search Market

Attractive opportunities in the enterprise search Market

Market Dynamics

Driver: Rising demand for faster decision-making and data simplicity

Enterprise search is an efficient way of going through substantial amounts of data that has been indexed and made search friendly. It enables access to data quickly and allows organizations to make faster decisions as they do not waste time searching and filtering through paper documents.

Opportunity: Advent of AI and ML technologies for quicker search outcomes and real-time accessibility

Enterprise search software powered by AI and ML technologies effectively recognizes customer behavior to provide better search results and recommend relevant products, improving e-shop conversion rates and average order value. Enterprise search can deliver benefits across industries and enable real-time access to critical information that aids decision-making.

Challenge: Concerns with managing complex infrastructure

With the advancement in disrupting technologies, many vendors face issues in managing complex infrastructures. IT team must coordinate with vendors to make the front-end experience increasingly useful and the backend integrations more seamless.

Key Market Players in the market

The major players include Microsoft (US), IBM (US), Google (US), AWS (US), OpenText (Canada), EMC (US), X1 Technologies (US), Attivio (US), Sinequa (France), Coveo (Canada), SAP (Germany), Lucidworks (US), Algolia (US), and Micro Focus (UK).

Recent Developments:

  • In September 2022, Algolia acquired Search.io, a leading provider of a vector search engine called Neuralsearch that utilizes hashing technology on top of vectors to provide unprecedented price performance at scale. With this acquisition, Algolia can empower business users with a better way to manage the automation of unique and engaging end-user experiences.
  • In June 2022, OpenText announced to update of its OpenText Extended ECM for the government. The updated version CE 22.2 includes major updates to support specific government-related use cases and improve usability around complex public sector use cases.
  • 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 February 2021, Relativity and X1 announced the integration of cloud-based RelativityOne Collect with the X1 Enterprise Platform. The integration allows for more targeted collection capabilities from remote devices within X1’s platform, regardless of whether that data is stored locally on a device or in the cloud.
  • In September 2020, Coveo announced the expansion of its cloud infrastructure to Europe and Australia, allowing multi-national organizations to be in full compliance while taking advantage of the Coveo Relevance Platform.

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

TABLE OF CONTENTS
 
1 NTRODUCTION 
    1.1 OBJECTIVES OF THE STUDY 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 MARKET SCOPE 
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY CONSIDERED 
    1.5 STAKEHOLDERS 
 
2 RESEARCH METHODOLOGY 
    2.1 RESEARCH DATA 
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
           2.1.3 BREAKUP OF PRIMARY PROFILES
           2.1.4 KEY INDUSTRY INSIGHTS
    2.2 MARKET BREAKUP AND DATA TRIANGULATION 
    2.3 MARKET SIZE ESTIMATION 
    2.4 MARKET FORECAST 
    2.5 COMPETITIVE EVALUATION QUADRANT METHODOLOGY 
    2.6 STARTUP/SME EVALUATION QUADRANT METHODOLOGY 
    2.7 ASSUMPTIONS FOR THE STUDY 
    2.8 LIMITATIONS OF THE STUDY 
 
3 EXECUTIVE SUMMARY 
 
4 PREMIUM INSIGHTS 
    4.1 ATTRACTIVE OPPORTUNITIES IN THE ENTERPRISE SEARCH MARKET 
    4.2 ENTERPRISE SEARCH MARKET, BY COMPONENT, 2022 VS. 2027 
    4.3 ENTERPRISE SEARCH MARKET, BY DEPLOYMENT MODE, 2022 VS. 2027 
    4.4 ENTERPRISE SEARCH MARKET, BY ORGANIZATION SIZE, 2022 VS. 2027 
    4.5 ENTERPRISE SEARCH MARKET, BY APPLICATION, 2022 VS. 2027 
    4.6 ENTERPRISE SEARCH MARKET, BY VERTICAL, 2022 VS. 2027 
    4.7 MARKET INVESTMENT SCENARIO 
 
5 MARKET OVERVIEW 
    5.1 MARKET DYNAMICS 
           5.1.1 DRIVERS
           5.1.2 RESTRAINTS
           5.1.3 OPPORTUNITIES
           5.1.4 CHALLENGES
    5.2 INDUSTRY TRENDS 
    5.3 VALUE CHAIN ANALYSIS 
    5.4 ECOSYSTEM 
    5.5 PRICING ANALYSIS 
    5.6 PORTERS FIVE FORCES ANALYSIS 
    5.7 YC-YCC SHIFT 
    5.8 TECHNOLOGY ANALYSIS 
    5.9 CASE STUDY ANALYSIS 
    5.10 PATENT ANALYSIS 
    5.11 CUSTOMER BUYING BEHAVIOR 
 
6 ENTERPRISE SEARCH MARKET, BY COMPONENT 
    6.1 INTRODUCTION 
    6.2 SOLUTIONS 
           6.2.1 SOLUTIONS: ENTERPRISE SEARCH MARKET DRIVERS
    6.3 SERVICES 
           6.3.1 SERVICES: ENTERPRISE SEARCH MARKET DRIVERS
           6.3.3 PROFESSIONAL SERVICES
                    6.3.3.1 Consulting and Training
                    6.3.3.2 Deployment and Integration
                    6.3.3.3 Support and Maintenance
           6.3.4 MANAGED SERVICES
 
7 ENTERPRISE SEARCH MARKET, BY TECHNOLOGY 
    7.1 INTRODUCTION 
    7.2 MACHINE LEARNING AND DEEP LEARNING  
    7.3 NATURAL LANGUAGE PROCESSING  
 
8 ENTERPRISE SEARCH MARKET, BY APPLICATION 
    8.1 INTRODUCTION 
    8.2 SEARCH AND DISCOVERY 
           8.2.1 SEARCH AND DISCOVERY: ENTERPRISE SEARCH MARKET DRIVERS
    8.3 KNOWLEDGE AND ASSET MANAGEMENT  
           8.3.1 KNOWLEDGE AND ASSET MANAGEMENT: ENTERPRISE SEARCH MARKET DRIVERS
    8.4 CONTENT INJECTION AND SYNCING  
           8.4.1 CONTENT INJECTION AND SYNCING: ENTERPRISE SEARCH MARKET DRIVERS
    8.5 CONTACT CENTER MANAGEMENT 
           8.5.1 CONTACT CENTER MANAGEMENT: ENTERPRISE SEARCH MARKET DRIVERS
    8.6 SECURITY AND RISK MANAGEMENT 
           8.6.1 SECURITY AND RISK MANAGEMENT: ENTERPRISE SEARCH MARKET DRIVERS
    8.7 OTHER APPLICATION (WORKFLOW MANAGEMENT, REAL-TIME INDEXING, AND ASSET MANAGEMENT) 
 
9 ENTERPRISE SEARCH MARKET, BY ORGANIZATION SIZE 
    9.1 INTRODUCTION 
    9.2 LARGE ENTERPRISES 
           9.2.1 LARGE ENTERPRISES: ENTERPRISE SEARCH MARKET DRIVERS
    9.3 SMES 
           9.3.1 SMES: ENTERPRISE SEARCH MARKET DRIVERS
 
10 ENTERPRISE SEARCH MARKET, BY DEPLOYMENT MODE 
     10.1 INTRODUCTION 
     10.2 ON-PREMISES 
             10.2.1 ON-PREMISES: ENTERPRISE SEARCH MARKET DRIVERS
     10.3 CLOUD 
             10.3.1 CLOUD: ENTERPRISE SEARCH MARKET DRIVERS
 
11 ENTERPRISE SEARCH MARKET, BY VERTICAL 
     11.1 INTRODUCTION 
     11.2 BFSI 
             11.2.1 BFSI: ENTERPRISE SEARCH MARKET DRIVERS
     11.3 GOVERNMENT  
             11.3.1 GOVERNMENT: ENTERPRISE SEARCH MARKET DRIVERS
     11.4 RETAIL AND ECOMMERCE 
             11.4.1 RETAIL AND ECOMMERCE: ENTERPRISE SEARCH MARKET DRIVERS
     11.5 HEALTHCARE AND LIFE SCIENCES 
             11.5.1 HEALTHCARE AND LIFE SCIENCES: ENTERPRISE SEARCH MARKET DRIVERS
     11.6 IT AND ITES 
             11.6.1 IT AND ITES: ENTERPRISE SEARCH MARKET DRIVERS
     11.7 TRAVEL AND HOSPITALITY 
             11.7.1 TRAVEL AND HOSPITALITY: ENTERPRISE SEARCH MARKET DRIVERS
     11.8 MEDIA AND ENTERTAINMENT 
             11.8.1 MEDIA AND ENTERTAINMENT: ENTERPRISE SEARCH MARKET DRIVERS
     11.9 OTHER VERTICALS (TELECOM, EDUCATION, AUTOMOTIVE, AND UTILITIES) 
 
12 ENTERPRISE SEARCH MARKET BY REGION 
     12.1 INTRODUCTION 
     12.2 NORTH AMERICA 
             12.2.4 UNITED STATES
             12.2.5 CANADA
     12.3 EUROPE 
             12.3.4 UNITED KINGDOM
             12.3.5 GERMANY
             12.3.6 FRANCE
             12.3.7 REST OF EUROPE ( SPAIN, NETHERLANDS, SWITZERLAND AND OTHERS)
     12.4 ASIA PACIFIC 
             12.4.4 AUSTRALIA AND NEW ZEALAND (ANZ)
             12.4.5 CHINA 
             12.4.6 JAPAN
             12.4.7 INDIA
             12.4.8 REST OF ASIA PACIFIC (SINGAPORE, SOUTH KOREA, AND OTHERS)
     12.5 MIDDLE EAST AND AFRICA 
             12.5.4 UAE
             12.5.5 KSA
             12.5.4 SOUTH AFRICA
             12.5.5 REST OF MIDDLE EAST & AFRICA (QATAR, ISRAEL, KUWAIT AND OTHERS)
     12.6 LATIN AMERICA 
             12.6.4 BRAZIL
             12.6.5 MEXICO
             12.6.6 REST OF LATIN AMERICA (COLOMBIA, ARGENTINA, AND OTHERS)
 
13 ADJACENT MARKET 
             13.1.1 INTRODUCTION
             13.1.2 MARKET DEFINITION
             13.1.3 COGNITIVE SERVICES MARKET 
             13.1.4 EDISCOVERY MARKET
 
14 COMPETITIVE LANDSCAPE 
     14.1 INTRODUCTION 
     14.2 MARKET EVALUATION FRAMEWORK 
     14.3 KEY PLAYER STRATEGIES/RIGHT TO WIN 
             14.3.1 OVERVIEW OF STRATEGIES DEPLOYED BY KEY ENTERPRISE SEARCH VENDORS
     14.4 REVENUE ANALYSIS OF TOP MARKET PLAYERS 
     14.5 REVENUE ANALYSIS 
     14.6 COMPETITIVE EVALUATION QUADRANT 
             14.6.1 STAR
             14.6.2 EMERGING LEADER
             14.6.3 PERVASIVE
             14.6.4 PARTICIPANTS
             14.6.5 STRENGTH OF PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS
             14.6.6 BUSINESS STRATEGY EXCELLENCE ANALYSIS OF TOP PLAYERS
     14.7 STARTUP/SME EVALUATION QUADRANT 
             14.7.1 PROGRESSIVE COMPANIES
             14.7.2 RESPONSIVE COMPANIES
             14.7.3 DYNAMIC COMPANIES
             14.7.4 STARTING BLOCKS
     14.8 RANKING OF KEY PLAYERS IN THE ENTERPRISE SEARCH MARKET 
 
15 COMPANY PROFILES 
     15.1 INTRODUCTION 
     15.2 MICROSOFT 
     15.3 IBM 
     15.4 GOOGLE  
     15.5 AWS 
     15.6 ORACLE 
     15.7 SAP   
     15.8 LUCIDWORKS 
     15.9 EMC 
     15.10 MARKLOGIC 
     15.11 DASSAULT SYSTEMS 
     15.12 COVEO 
     15.13 X1 TECHNOLOGIES 
     15.14 ELASTIC 
     15.15 ATTIVIO 
     15.16 OPENTEXT  
     15.17 ANGOLIA  
 
16 APPENDIX 
     16.1 DISCUSSION GUIDE 
     16.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     16.3 AVAILABLE CUSTOMIZATIONS 
     16.4 RELATED REPORTS 
     16.5 AUTHOR DETAILS 

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