Sign in

Enterprise Search Market is Expected to Arrive at 5.02 billion by 2020

annesa saha
Enterprise Search Market is Expected to Arrive at 5.02 billion by 2020

June 24, 2019: The global enterprise search market is expected to reach USD 5.02 billion by 2020. Increasing demand for solutions offering time-saving data search capabilities is expected to be a key factor driving market growth over the next six years. The need to manage large volumes of data efficiently in an organization so as to improve operational efficiency of an enterprise is also expected to propel the market through the forecast period. These solutions offer enhanced security layer that allows information access to only authorized personnel, which is also expected to fuel the enterprise search market over the forecast period. Increasing demand for several value-added services along with search capabilities due to changes in operational practices within organizations provide avenues for market growth.

Download sample Copy of This Report at: https://www.radiantinsights.com/research/enterprise-search-market-analysis-by-end-use-government-amp-commercial-offices-banking-amp-finance-healthcare-retail-by-enterprise-size-small-medium-large-and-segment-forecasts-to-2020/request-sample

Technological advancement, and emergence of cloud computing and Software as a Service (SaaS) is expected to drive market growth. Furthermore, these solutions offer several benefits such as low maintenance and installation cost along with minimum technical support, which is also expected to positively impact the market over the next few years. However, availability of online search engines may pose a challenge to companies operating in the market.

Further key findings from the study suggest:

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.

View summary of this report @ https://www.radiantinsights.com/research/enterprise-search-market-analysis-by-end-use-government-amp-commercial-offices-banking-amp-finance-healthcare-retail-by-enterprise-size-small-medium-large-and-segment-forecasts-to-2020

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.

North America emerged as the leading regional segment, it accounted for over 35% of the global enterprise search market in 2013. Technological advancements along with the presence of key industry players contributed to regional market growth.

Key industry participants include Coveo Corp., IBM Corp., SAP AG, Oracle, Microsoft, Dassault Systemes, etc. Strategic collaborations in order to provide mass market solutions while serving niche markets remains to be a major strategic initiative.

For the purpose of this study, Grand View Research has segmented the global enterprise search market on the basis of end-use, enterprise size and region:

Enterprise Search End-Use Outlook (Revenue, USD Million, 2012 - 2020)

  • Government & Commercial Offices
  • Banking & Financial Services
  • Healthcare
  • Retail
  • Others

Enterprise Search Enterprise Size Outlook (Revenue, USD Million, 2012 - 2020)

  • Small Enterprises
  • Medium Enterprises
  • Large Enterprises

Enterprise Search Regional Outlook (Revenue, USD Million, 2012 - 2020)

  • North America
  • Europe
  • Asia Pacific
  • RoW

About Radiant Insights

Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

For More Information, Visit Radiant Insights

Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: [email protected]    
Blog URL: http://ictmarketforecasts.wordpress.com

annesa saha
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more