Enterprise Search Market– Latest Global Insights on Trends and Challenges

Enterprise Search Market
Banking and financial services are expected to be a high-growth segment; in 2016, it accounted for over 33% of the enterprise search market. Data sharing and interconnectivity are expected to be the key factors driving growth across this segment.

A new research study from HTF MI with title Global Enterprise Search Market Size, Status and Forecast 2025 provides an in-depth assessment of the Enterprise Search including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies, key players company profiles and strategies. The research study provides forecasts for Enterprise Search investments till 2022. 

Banking and financial services are expected to be a high-growth segment; in 2016, it accounted for over 33% of the enterprise search market. Data sharing and interconnectivity are expected to be the key factors driving growth across this segment.

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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 Search Appliances 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 Search Appliances. 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. 

The increasing demand for solutions offering time-saving data search capabilities is expected to be a key factor driving the market growth over the next eight years. The growing need to efficiently supervise large volumes of data in an organization in order to improve the operational efficiency is propelling the adoption of enterprise search solutions. These solutions offer an enhanced security layer, allowing access to information only for the authorized personnel. This is also promoting the market growth over the forecast period. The increasing demand for several value-added services, along with the search capabilities, is encouraging the adoption of enterprise search solutions in the organization with large changes in operational practices.

Technological advancements and the emergence of cloud computing and Software as a Service (SaaS) are driving the adoption of hosted enterprise search solutions in the small and medium enterprises. Added benefits offered by these solutions, including low maintenance and reduced installation cost, along with minimum technical support, are positively impacting the market growth. The trend is likely to continue in the near future as well. However, the availability of the open source free enterprise search solution may pose a challenge to companies operating in the market.

 

The large enterprises end-use segment is expected to dominate the market over the next eight years. This can be credited to the increasing need to search for accurate data across a vast database extracted from different sources. The pay-per-use model offered by the cloud (SaaS) enterprise search solutions providers is expected to have a wide adoption across the small and medium enterprises at a rate higher than the global average over the forecast period.

North America emerged as a market leader in terms of market revenue and accounted for over 35% of the global enterprise search market in 2015. Technological advancements along with the presence of the key market players have contributed to the regional market growth.

The key industry participants include HP Autonomy, Google Inc., SharePoint Search (Acquired by Microsoft), and IBM Corp. Strategic collaborations, in order to provide mass market solutions while serving the niche markets, remain a strategic initiative that is followed by the leading players. 

In 2017, the global Enterprise Search market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025. 

This study primarily helps understand which market segments or Region or Country they should focus in coming years to channelize their efforts and investments to maximize growth and profitability. These stakeholders include Enterprise Search manufacturers such as IBM Corp, SAP AG, Dassault Systemes, Oracle, Microsoft, Google, Coveo Corp, Marklogic Inc, Concept Searching Limited, Lucid Work, Perceptive Software Inc, X1 Technologies, HP Autonomy, Attivio Inc & Expert System Inc, etc. 
Primary sources are mainly industry experts from core and related industries, and manufacturers related to all segments of the industry supply chain. The bottom-up approach is being utilized to project the market size of the Enterprise Search based on end-user industry and region, in terms of value. With the help of data triangulation procedure and validation of data through primary interviews and expert calls helps cover primary market, along with individual market share & sizes are determined and confirmed with this study. 

** The Values marked with XX is confidential data. To know more about CAGR figures fill in your information so that our business development executive can get in touch with you. 

Global Enterprise Search (Thousands Units) and Revenue (Million USD) Market Split by Product Type such as Local Installations, Hosted Versions & Search Appliances 

Market Segment by Type

2016

2017

2018

2019

2020

2021

2022

Local Installations

xx

xx

xx

xx

xx

Xx

xx

-Change (%)

xx%

xx%

xx%

xx%

xx%

xx%

xx%

Hosted Versions

xx

xx

xx

xx

xx

Xx

xx

-Change (%)

xx%

xx%

xx%

xx%

xx%

xx%

xx%

Search Appliances

xx

xx

xx

xx

xx

Xx

xx

-Change (%)

xx%

xx%

xx%

xx%

xx%

xx%

xx%

The research study is segmented by Application as well such as Government, Banking & Financial Services, Media, Manufacturing & Others with historical and projected market share and compounded annual growth rate. 

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Global Enterprise Search Sales (Thousands Units) by Application (2017-2022) 

Market Segment by Application

2012

2017

2022

Market Share (%)2022

CAGR (%)

(2017-2022)

Government

xx

xx

xx

xx%

xx%

Banking & Financial Services

xx

xx

xx

xx%

xx%

Media

xx

xx

xx

xx%

xx%

Manufacturing

xx

xx

xx

xx%

xx%

Others

xx

xx

xx

xx%

xx%

Total

xx

xx

xx

100%

xx%

Read Detailed Index of full Research Study at @ https://www.htfmarketreport.com/reports/992847-global-enterprise-search-market-4 

There are 15 Chapters to display the Global Enterprise Search market. 

Chapter 1, to describe Definition, Specifications and Classification of Enterprise Search, Applications of Enterprise Search, Market Segment by Regions; 
Chapter 2, to analyze the Manufacturing Cost Structure, Raw Material and Suppliers, Manufacturing Process, Industry Chain Structure; 
Chapter 3, to display the Technical Data and Manufacturing Plants Analysis of Enterprise Search, Capacity and Commercial Production Date, Manufacturing Plants Distribution, R&D Status and Technology Source, Raw Materials Sources Analysis; 
Chapter 4, to show the Overall Market Analysis, Capacity Analysis (Company Segment), Sales Analysis (Company Segment), Sales Price Analysis (Company Segment); 
Chapter 5 and 6, to show the Regional Market Analysis that includes United States, Europe, China, Japan, Southeast Asia & India, Enterprise Search Segment Market Analysis (by Type); 
Chapter 7 and 8, to analyze the Enterprise Search Segment Market Analysis (by Application) Major Manufacturers Analysis of Enterprise Search; 
Chapter 9, Market Trend Analysis, Regional Market Trend, Market Trend by Product Type [Local Installations, Hosted Versions & Search Appliances], Market Trend by Application [Government, Banking & Financial Services, Media, Manufacturing & Others]; 
Chapter 10, Regional Marketing Type Analysis, International Trade Type Analysis, Supply Chain Analysis; 
Chapter 11, to analyze the Consumers Analysis of Enterprise Search; 
Chapter 12, to describe Enterprise Search Research Findings and Conclusion, Appendix, methodology and data source; 
Chapter 13, 14 and 15, to describe Enterprise Search sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source. 

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Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia. 

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