PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279873
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279873
Global Enterprise Search Market is valued at approximately USD 4.21 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 8.9% over the forecast period 2023-2030. Enterprise search is the process of making content from various enterprise-type sources, such as databases and intranets, searchable for a specific audience. It is used to refer to the software used to conduct information searches within an organization. Also, enterprise search solutions allow users to safely enter and discover data in various data sources that involve documents, websites, databases, applications, and intranets. The surging demand for faster decision-making and data simplicity, growing data volumes, coupled with the growing trend of digitization in the industrial sector are the key factors that are propelling the market demand across the globe.
The growing trend of hashing technology is anticipated to have a positive impact on the market due to the performance rise in search output. Hashing technology enabling organizations to improve search performance, scalability, and security, and providing users with a more efficient and effective way to search for and retrieve relevant information. The technology further sorts data based on its hash values for convenient search operations. For instance, in September 2022, Algolia- the proprietary search engine finalized the acquisition of the hashing technology startup Search.io. The company managed to give its customers quicker and more effective search results as a result of the acquisition. Thus, these aforementioned factors are propelling the growth of Enterprise Search Market during the estimated period. Moreover, the emergence of AI and ML technologies for quicker search outcomes and real-time accessibility, as well as growing investment in technological advancements is presenting various lucrative opportunities over the forecasting years. However, the concerns with managing complex infrastructure and the lack of standardization in data structures are challenging the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Enterprise Search Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing technological advancements, high demand for solutions offering time-saving data search capabilities, and the growing need to effectively supervise large volumes of data in an organization. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecasting years. The surge in the number of small and large-scale software companies, as well as the growing need to make search more relevant among enterprises are significantly propelling the market demand across the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable