Enterprise Search Market Scope
Enterprise search is the practice of identifying and enabling specific content from multiple enterprise type sources such as databases and intranets searchable to a defined audience. It is used to describe the software of search information within an enterprise. It uses search technology to find the desired information from within an enterprise system. It can index and store different types of sources such as file systems, intranets, document management systems, emails and databases.
Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Enterprise Search market throughout the predicted period.
Microsoft Corporation (United States), Attivio Inc. (United States), HP Autonomy (United Kingdom), IBM Corporation (United States), Google, Inc. (United States), Dassault Systemes (France), Oracle Corporation (United States), Coveo Solutions, Inc. (Canada), SAP AG (Germany) and Lucid Work, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Dell EMC (United States), X1 Technologies (United States) and MarkLogic Corporation (United States).
Segmentation Overview
The study have segmented the market of Global Enterprise Search market by Type (Local Installations, Hosted Versions and Search Appliances), by Application (Government and Commercial Offices, Banking and Financial Services, Healthcare, Retail and Others) and Region with country level break-up.
On the basis of geography, the market of Enterprise Search has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Technological Advancements and the Emergence of Cloud Computing and Software as A Services
Market Growth Drivers:
Improved Decision Making and Increased Productivity, Provide Better Customer Services and Low Maintenance and Reduced Installation Cost
Challenges:
Availability of the Open Source Free Enterprise Search
Restraints:
Lack of Awareness among People
Opportunities:
Growing Demand for Several Value Added Services and Increasing Adoption of Enterprise Search Solutions
Market Leaders and their Expansionary Development Strategies
In March , 2022 Microsoft Corp announced the completion of its acquisition of Nuance Communications Inc. (Nasdaq: NUAN), a leader in conversational AI and ambient intelligence across industries including healthcare, financial services, retail and telecommunications.
In June 2023: Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering services and solutions, today announced an integration with Microsoft to enable Generative AI Powered Enterprise Search. The new offering, Generative AI Powered Enterprise Knowledge Search under Tech Mahindra’s TechM amplifAI0->∞ suite of AI offerings and solutions, will help enterprises increase effectiveness and personalisation by using generative AI to unlock the full potential of enterprise data and present a multi-modal, multi-channel search experience.
Key Target Audience
Enterprise Search Providers, Emerging Companies, Research Institutes, Government Body & Associations and End user
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.