The increasing demand for time-saving data search solutions is expected to be the key growth factor for the enterprise search market. The increasing data volumes sourced from different gateways in the large enterprises has created a need for managing it. Enterprise search solutions help in organizing and managing this data, due to which these solutions have found a large adoption in the large enterprises. Enterprise search solutions enable the availability of required data or information to the user from a pool of databases, emails, intranet, data management systems, and so on. It saves the operation time and money for the enterprise by efficiently managing information and searching for required information without any hassles. Additionally, it offers a security layer by allowing only authorized personnel to access information.
The demand for relevant information and the emergence of technologies such as Software as a Service (SAAS) and cloud computing are further expected to favor the enterprise search market growth over the forecast period. The low maintenance and installation costs along with the elimination of technical support staff associated with these technologies are expected to fuel the enterprise search market growth. Data ambiguity and high implementation cost may act as a restraint to the market.
Figure Global enterprise search market by end-use (M USD), 2012 – 2020
Source: GIR Deep Research, Dec 2016
Banking and financial services is expected to be a high growth segment; in 2013, it accounted for over 30% of the enterprise search market. Data sharing and interconnectivity are expected to be the key factors driving growth across this segment.
The large enterprises segment is expected to dominate the market over the next six years, which can be credited to the need to search accurate data across a vast database. Small and medium enterprises are expected to grow at a rate higher than the global average over the forecast period.
Scope of the Report:
Market Segment by Manufacturers, this report covers
Coveo Corp, IBM Corp, SAP AG, Oracle, Microsoft, Dassault Systemes
Market Segment by Regions, regional analysis covers
Enterprise Search Enterprise Size Outlook
Market Segment by Applications, can be divided into
There are 13 Chapters to deeply display the global Enterprise Search market.
Table of Contents
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