What is Next Generation Search Engines Market?
Over the past few years, there have been advancements in the areas of data management and retrieval techniques, particularly in terms of standards and protocols for archiving data, data is rich and spread across different places. In order to integrate these pieces together, Next Generation Search Engines are designed. The next-generation search engine is basically an information retrieval system designed to help find information stored on a computer system or systems. The search engine that we have built with a goal to offer accurate search results on frequently asked concepts. As such, search engines help reduce the time required to find information and also reduces the amount of information which must be consulted. It enables end-users to target or focus on a few key relevant items. It helps solve the problem of ‘information overload’ which affects many areas of publishing information by bringing together, quickly, all relevant information in one succinct output or listing. The demand for the Next-generation search engines is increasing owing to deep neural networks, machine learning, and other advancements in AI technologies and .
The market study is being classified, by Application (Enterprise, Individual and Other) and major geographies with country level break-up.
Google (United States), Microsoft(United States), Facebook(United States), Ask(United States), Quora(United States), YouTube(United States), DuckDuckGo(United States), Blekko(United States), Bioz (United States) and IBM (United States) are some of the key players profiled in the study.
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Next Generation Search Engines market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Next Generation Search Engines market by Type, Application and Region.
On the basis of geography, the market of Next Generation Search Engines 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Demand for Self-service Option
- Increasing Focus to Improve Customer Experience Across Professional Services
Market Trend
- Technological advancement for using AI technologies
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Restraints
- Increasing Preference for Live Person Interaction
Opportunities
- The rise in the number of internet users and Increased penetration of smartphones
Challenges
- Lack of skilled professionals
In June 2019 Bioz United States based the world's first and most comprehensive A.I search engine for life science experimentation provider has introduced its new the Next-Generation of Its Industry-Leading AI Search Engine for Life Science Experimentation. Use of this New AI Platform Accelerates Scientific Research and Drug Discovery includes over 300 Million Product Listings from 50,000 Vendors.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Next Generation Search Engines Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry