Global Enterprise Search Software Market Overview:
Enterprise search is the organized retrieval of stored business data within an organization, wherein users can securely enter and find data across enterprise databases. This type of software cleans and structures data to make information that is usually spread across a variety of repositories easier to find. Employees across multiple roles and teams can benefit from using enterprise search software since all employees need to retrieve data from a mix of databases and shared sources to accomplish daily tasks. Enterprise search software can also provide search as a service capability, allowing businesses to securely expose select data and information sources to external sources, such as mobile applications and websites.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Technological Advancement and Rising Adoption of AI
Market Growth Drivers:
Rising demand for time-saving data search solutions is fulling the growth of the global enterprise search software market. In the average company, engineers spend up to 45% of their time searching for and recreating existing product parts.
Challenges:
Challenge of Recognizing Which of the Many File Types it is and Dealing With
Restraints:
High-Cost Associated with Software and Lack of Skilled Professional
Opportunities:
Growing Digitalization and Industrialization in Emerging Economies
Competitive Landscape:
The enterprise search software market is fragmented as the market has a number of companies that offer enterprise search software and there are lots of new companies entering the enterprise search software market due to relative ease of developing software. The companies are exploring the market by expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are IBM (United States), Microsoft (United States), Amazon Web Services (United States), Ballantyne Moss Corporation Pty Ltd (Australia), Coveo Corp. (United States), Expert System Inc. (Italy), HP Autonomy (United Kingdom), Lucidworks (United States), Dassault Systemes Inc. (France) and Perceptive Software Inc. (United States). The Players having a strong hold in the market are Ballantyne Moss Corporation Pty Ltd, Coveo Corp., and Expert System Inc.. Additionally, following companies can also be profiled that are part of our coverage like Marklogic Inc. (United States), AddSearch (Finland), SearchBlox Software, Inc. (United States), Onna Technologies, Inc. (United States) and Algolia (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Enterprise Search Software market by 2028. Considering Market by Organization Size, the sub-segment i.e. Small and Medium-Sized Enterprises (SMEs) will boost the Enterprise Search Software market. Considering Market by Platform, the sub-segment i.e. Windows will boost the Enterprise Search Software market. Considering Market by End Use Industry, the sub-segment i.e. BFSI will boost the Enterprise Search Software market. Considering Market by Deployment, the sub-segment i.e. Cloud-Based will boost the Enterprise Search Software market. Considering Market by Pricing Type, the sub-segment i.e. Monthly Subscription will boost the Enterprise Search Software market.
Latest Market Insights:
In November 2022, IBM introduced new software designed which helped enterprises in breaking down data and analytics silos and hence allow businesses in making data-driven decisions faster. This launch helped company to expand its presence in enterprise search software market
Recently, SearchBlox Software, Inc., a leading provider of enterprise search, sentiment analysis, and text analytics solutions today launched version 8.6 of its software in San Francisco at Elastic, the official Elasticsearch User Conference.
What Can be Explored with the Enterprise Search Software Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Enterprise Search Software Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Enterprise Search Software
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Enterprise Search Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Enterprise Search Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Enterprise Search Software Providers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.