Enterprise Search Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Enterprise Search Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A5560
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Market Overview:

The global enterprise search market reached a value of US$ 4.46 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 8.78 Billion by 2027, exhibiting a CAGR of 11.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Enterprise search is a software solution wherein authorized users can retrieve content from several disparate sources. It comprises content collection, content processing, indexing, query processing, and matching. It helps organizations increase productivity while creating an enhanced environment for better decision making. It also assists in building a quick reference database after collecting the most frequently asked questions (FAQs) and answers for a customer support solution. As a result, enterprise search finds extensive applications in government, commercial, healthcare, retail, media and entertainment, and banking, financial services, and insurance (BFSI) sectors.

 

 
 

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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Enterprise Search Market Trends:

At present, there is a rise in the demand for solutions offering time-saving data search capabilities in various organizations across the globe. This, along with the growing need for supervising large volumes of data in several enterprises to improve the operational efficiency, represents one of the key factors driving the market. Moreover, there is an increase in the adoption of hosted enterprise search solutions in small and medium enterprises due to the emergence of cloud computing and Software as a Service (SaaS) worldwide. This, coupled with the better security layer offered by enterprise search solutions for allowing access to information only for the authorized personnel, is propelling the growth of the market. Additionally, the rising utilization of text analytics techniques and artificial intelligence (AI) technologies in businesses around the world is offering lucrative growth opportunities to industry investors. Besides this, several benefits offered by enterprise search solutions, such as low maintenance, reduced installation cost, and minimum technical support, are positively influencing the market. Apart from this, rapid technological advancements, along with the escalating demand for value-added services in various companies, is bolstering the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global enterprise search market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on enterprise size and end user.

Breakup by Enterprise Size:

 

 
 

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  • Small Enterprises
  • Medium Enterprises
  • Large Enterprises
     

Breakup by End User:

  • Banking and Financial Services
  • Healthcare
  • Retail
  • Government and Commercial Offices
  • Media and Entertainment
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Attivio (ServiceNow), Coveo Solutions Inc., Dassault Systèmes, Google LLC, International Business Machines Corporation, Lucidworks, MarkLogic Corporation, Oracle Corporation, SAP SE, Sinequa and X1 Technologies Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Enterprise Size, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Attivio (ServiceNow), Coveo Solutions Inc., Dassault Systèmes, Google LLC, International Business Machines Corporation, Lucidworks, MarkLogic Corporation, Oracle Corporation, SAP SE, Sinequa and X1 Technologies Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global enterprise search market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global enterprise search market?
  • What are the key regional markets?
  • What is the breakup of the market based on the enterprise size?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global enterprise search market and who are the key players?
  • What is the degree of competition in the industry?

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Enterprise Search Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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