The Global Enterprise Search Market is expected to
reach USD 5.02 billion by 2020, according to a new study by Grand View
Research, Inc. 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.
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.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/enterprise-search-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.
- 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.
Browse All Reports of
this category @ http://www.grandviewresearch.com/industry/communication-services
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 Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry
James
Corporate
Sales Specialist, U.S.A.
Grand
View Research, Inc.
United
States
Phone: 1-415-349-0058
Toll
Free: 1-888-202-9519
Email: sales@grandviewresearch.com
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