Global Enterprise Search
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.
Share your contact details to receive free updated sample copy/pages of the recently published edition of Enterprise Search Market Report 2024.
According to Cognitive Market Research, the global Enterprise Search Market size will be XX million by 2030, whereas its compound annual growth rate (CAGR) will be XX% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Enterprise Search Market Sales Revenue 2030 | $ 9.84 Billion |
Global Enterprise Search Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 12.08% |
Market Drivers:
| |
Market Restrains:
| |
Market Trends:
|
Market Split by Enterprise Size |
|
Market Split by End-User |
|
List of Competitors |
|
Regional Analysis |
|
Country Analysis |
|
Key Qualitative Information Covered |
|
Report scope is customizable as we have a huge database of Enterprise Search industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Enterprise Search Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Using a single search bar to query digital material from several data sources is known as enterprise search. Web, e-commerce, customer service, and knowledge access are the usual uses for it. Using an enterprise search tool, employees can look for the most relevant information from a range of enterprise content sources, such as blogs, Google Drive, Salesforce, SharePoint, Slack, and others. Nonetheless, an enterprise search engine has emerged as the main, widely-trusted search engine within the company. It has to make use of search technology that is scalable to millions of documents and various kinds of data. One advantage of enterprise search is its ability to promptly deliver the most relevant information to digital workers. This can increase profitability while also enhancing skill, output, and employee satisfaction. The expansion of the enterprise search industry is further aided by the growing need in several companies for seamless data accessibility to be able to handle large amounts of data.
The amount of data that businesses must manage has risen dramatically in the past decade. Due to the widespread adoption of initiatives involving digital transformation, the majority of businesses now regularly create huge quantities of data from both internal and external sources. This covers information stored in various systems, databases, sharing files, departments, and cloud repositories. Employees now have trouble with quickly locating reliable information due to the scattered data silos scattered throughout the organizations. Simply put, old legacy search engines are ineffective at efficiently searching through such massive volumes of both structured and unstructured data. As a result, decisions have been made in error, with lower productivity and longer processing times.
Moreover, it is essential to facilitate anytime-anywhere access to organizational data as remote and hybrid work patterns become increasingly prevalent during the post-pandemic period. Obsolete search options that rely on a user's location and device are quickly becoming outdated. Robust enterprise search features that can comprehend semantics and context, intelligently explore internal and external sources, and provide highly relevant search results in one centralized spot are certainly needed. This is encouraging a lot of businesses to spend money on potent next-generation enterprise search systems that make use of cutting-edge tools like natural language processing, artificial intelligence, and machine learning. Employees may sort through petabytes of data, find hidden insights, and take appropriate action much more easily with the help of such technologies.
The capacity to swiftly search through enormous volumes of company data and extract relevant data has become more essential as business settings get more dynamic. While next-generation technologies offer definite commercial benefits, legacy tools are unable to keep up with the increasing demands of users. This is a significant component driving the worldwide enterprise search market's rapid expansion.
• For Instance: In Apr 2021 – Leading digital adoption platform WalkMe acquired Zest, a business that specialized in AI-powered search technology.
https://ir.walkme.com/news-releases/news-release-details/walkme-announces-acquisition-ai-enterprise-search-company-zest
Through the use of natural language processing (NLP), this acquisition combines Zest's sophisticated search capabilities to provide an on-demand graph database. By enhancing user search predictability, this integration gives consumers faster, more relevant results.
A significant driver propelling the market is the requirement for organizations to increase productivity and make well-informed decisions. Employees frequently spend a lot of time seeking information in the modern hectic work environment, which can reduce productivity and postpone making decisions. By offering quick and reliable information access, optimizing workflows, and cutting down on the amount of time required for information retrieval, enterprise search solutions assist in addressing this problem. These tools have sophisticated capabilities like semantic search, which increases the accuracy of search results by comprehending the context and intent of queries. For organizations that require to make quick choices and have access to pertinent information, this capability is essential. Additionally, by facilitating knowledge management within businesses, these search technologies let staff members make better use of already-existing information assets, exchange expertise and cooperate more effectively.
Expensive upfront expenses have been major obstacles to the worldwide enterprise search market's expansion. The successful implementation of an enterprise search solution necessitates a significant financial outlay for the acquisition of software licenses, comprehensive employee training for efficient use, system configuration and customization following organizational needs, and system integration with numerous internal applications and databases. This means that, depending on the size of the company, the deployment expenses could reach several thousand or even millions of dollars. Furthermore, there are ongoing operational costs associated with maintaining and improving the solution over time.
Over the last few decades, the enterprise search business has experienced rapid expansion; the COVID-19 pandemic spiked demand in the sector during that time. This was ascribed to a rise in business demand as the industry moved to take advantage of the industry's increasing levels of automation and digitization. In addition, the increase in COVID-19 instances forced governments and local authorities to impose stringent regulations, ranging from self-isolation and social distancing guidelines to the closure of actual businesses and enterprises. This was undertaken in the hope of halting the COVID-19 case outbreak, which in turn led to an increase in the number of enterprises relying on digital technologies. During the pandemic, these trends hastened the digital transformation of physical businesses.
However, the pandemic's effects on the economy forced businesses to look for more affordable options. As a result, businesses could easily expand their cloud-based business solution installations to support a large number of remote users without having to make large infrastructure investments. For them to compete in the business world, a lot of players also made investments in cutting-edge technologies and used a variety of tactics, including partnerships, acquisitions, product launches, and others.
• For Instance: On Jan 26, 2023 – Glean partnered with Google Cloud, to provide and scale industry-leading enterprise search. Through this agreement, Glean was able to fully realize its objective and provide better customer service by utilizing the limitless possibilities of Google's network of specialized providers and partner ecosystem.
https://www.glean.com/blog/glean-google-cloud-partnership
A significant aspect propelling the industry is the incorporation of machine learning and artificial intelligence (AI) into enterprise search tools. By adapting to user interactions and learning from them, artificial intelligence (AI) and machine learning algorithms improve the functionality of search tools by producing more personalized and relevant search results. With time, this customizable method enhances the search experience by meeting the unique requirements and search patterns of each user. By examining trends in data utilization, machine learning algorithms can assist in determining and prioritizing the most relevant data for consumers. Furthermore, the search experience becomes more user-friendly and intuitive with AI-driven capabilities like voice search and spoken language comprehension. AI and machine learning enable businesses to extract strategic value from their data sources by improving search efficiency and creating opportunities for statistical analysis and insights.
We have various report editions of Enterprise Search Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
The major participants are investing an extensive amount of effort into innovation and the creation of increasingly sophisticated, AI-driven search solutions. To improve the precision and effectiveness of search results, the enterprises search businesses are spending money on R&D to incorporate cutting-edge technology like machine learning and language processing. Additionally, in response to the increasing need for scalable and adaptable data management tools, they are broadening their product line to include cloud-based solutions. Collaborations and strategic alliances are frequent, intending to merge resources and experience to improve product development. Furthermore, these businesses continually strive to reach new markets, expand their worldwide footprint, and modify their offerings to suit the various demands of different industries and geographies.
• For Instance: On Oct 18, 2022 – Sinequa, an enterprise search solution provider, and IT service provider Adesso SE announced that they had a partnership to create an enterprise search competence center.
https://www.sinequa.com/company/press/adesso-and-sinequa-partner-to-create-a-competence-center-for-enterprise-search/
The purpose of the agreement was for the two businesses to share their respective fields of expertise.
Top Companies Market Share in Enterprise Search Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, the North American market dominated the worldwide Enterprise Search market. North America is a significant market owing to its excellent technological infrastructure and the presence of key market participants, especially the United States. This is a result of businesses of all sizes putting an increased demand on enterprise search solutions. Businesses are searching for solutions that would enable them to locate the information they require precisely and quickly. Enterprise search capabilities are greatly improved by the region's strong emphasis on innovation and adoption of AI and machine learning technology. There is an essential desire for effective search and data management solutions due to the massive and diverse volume of data generated by North America's business industry. The market is also significantly influenced by the region's behavior of implementing cutting-edge technologies to enhance business operations and decision-making procedures.
A further factor driving the industry is the growing accessibility of cloud-based solutions. Because cloud-based solutions are scalable and affordable, they are gaining popularity. Additionally, the need for enterprise search solutions is being driven by the growing accessibility of analytics and data technologies.
• For Instance: In Jun 2023 – Glean Technologies Inc., a search engine developer, launched Glean Chat, an AI assistant that could create text and summarize business documents. Using natural language searches, employees could use the platform to sort through internal business data of their firm.
https://siliconangle.com/2023/06/06/enterprise-search-startup-glean-launches-generative-ai-assistant/
According to Cognitive Market Research, rapid economic expansion and technological improvements are driving the Asia Pacific market, which leads to an increase in the usage of enterprise search solutions across a range of industries. Because there are a lot of tech-savvy consumers in this region, enterprise search solution use has increased dramatically. The increasing number of internet and mobile users in this region leads to a notable surge in data generation, requiring effective data management solutions. The region is also home to a sizable number of small and medium-sized companies, many of which are using enterprise search solutions to boost productivity and efficiency. Growth in the industry is supported by the existence of many emerging economies, including China and India, which have growing digital infrastructures and IT sectors. The market is further stimulated by government programs that support digital transformation and the uptake of AI and machine learning technology. Moreover, a great deal of international corporations are based in the region, and to obtain a competitive advantage, they are making significant investments in enterprise search solutions. Furthermore, a significant factor is the growing emphasis on improving decision-making procedures and operational effectiveness in businesses across the region.
Additionally, the number of government programs encouraging the use of enterprise search solutions is increasing throughout the region. The goal of these programs is to increase the productivity and efficiency of enterprises. Furthermore, there is an abundance of venture investors in the region, and they are making significant investments in enterprise search solutions.
• For Instance: On Feb 22, 2022 – According to the Nasscom Centre of Excellence for Internet of Things and Artificial Intelligence, about 10% of new start-ups are added to the Indian start-up scene each year.
https://www.zeebiz.com/small-business/news-india-has-third-largest-ecosystem-for-start-ups-in-the-world-179361
• For Instance: In Jan 2023 – Through their partnership, Microsoft and HDFC Bank, a private sector bank with headquarters in India, cooperated, and utilized the Microsoft Power Platform to enhance staff productivity while modernizing and consolidating the organizational data landscape.
https://www.hdfcbank.com/personal/about-us/news-room/press-release/2023/q1/hdfc-bank-partners-with-microsoft-as-part-of-its-digital-transformation-journey
The current report Scope analyzes Enterprise Search Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
To learn more about geographical trends request the free sample pages.
Get Free Sample
Global Enterprise Search Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Enterprise Search Industry growth. Enterprise Search market has been segmented with the help of its Enterprise Size, End-User , and others. Enterprise Search market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on the Enterprise Size, the global Enterprise Search market is divided into Small Enterprises, Medium Enterprises, and Large Enterprises.
Large enterprises hold the dominant proportion of the enterprise search market. Advanced search solutions are required because large enterprises have difficulty managing large and diversified data sources. These tools are essential for facilitating intricate decision-making processes because they offer rapid access to relevant data. Better systems with strong integration capabilities and scalability are needed by large enterprises, many of which are distributed globally. The significance of sophisticated search solutions is further highlighted by the focus placed by large enterprises on data security and compliance. Additionally, large enterprises influence enterprise search to improve overall employee efficiency and operational effectiveness.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Enterprise Search Industry. Request a Free Sample PDF!
Based on the End User, the global Enterprise Search market is categorized into Banking & Financial Services, Healthcare, Retail, Government & Commercial Offices, Media & Entertainment, and Others.
Banking & Financial Services represents the dominating market segment. Enterprise search tools play an essential role in the banking and financial services industry in handling large volumes of regulatory and customer data. These solutions facilitate the swift recovery of relevant documents and records, which helps organizations comply with stringent regulatory requirements. In this industry, advanced search solutions' enhanced data security and fraud detection capabilities are essential. Moreover, enterprise search makes it possible to provide better customer support by providing faster access to client data and history. The adoption of these tools in banking and financial services is driven by the capacity to analyze enormous volumes of financial data for insights.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
To learn more about market share request the free sample pages.
Get Free Sample
Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Using a single search bar to query digital material from several data sources is known as enterprise search. Due to the widespread adoption of initiatives involving digital transformation, the majority of businesses now regularly create huge quantities of data from both internal and external sources. By offering quick and reliable information access, optimizing workflows, and cutting down on the amount of time required for information retrieval, enterprise search solutions assist in addressing this problem. A significant aspect propelling the industry is the incorporation of machine learning and artificial intelligence (AI) into enterprise search tools. The North American market dominated the worldwide Enterprise Search market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
• For Instance: On May 16, 2023 – ServiceNow announced new generative AI features for their platform to provide quicker, smarter workflow automation. The newly developed products, ServiceNow Generative AI Controller and Now Assist for Search, enhanced the AI capabilities of ServiceNow, which was already rich, by incorporating generative AI into enterprise applications.
https://www.servicenow.com/company/media/press-room/gen-ai-now-platform.html
• For Instance: On Jan 23, 2023 – Microsoft Corporation’s Azure and OpenAI collaborated to speed up AI, integrate OpenAI's models into consumer and business applications, and improve enterprise search offerings.
https://blogs.microsoft.com/blog/2023/01/23/microsoftandopenaiextendpartnership/
Disclaimer:
Enterprise Size | Small Enterprises, Medium Enterprises, Large Enterprises |
End-User | Banking & Financial Services, Healthcare, Retail, Government & Commercial Offices, Media & EntertainmentOthers |
List of Competitors | Microsoft Corporation, Coveo Solutions Inc., Lucidworks, Oracle Corporation, Amazon Web Services, Inc., Google LLC, Sinequa, SAP SE, Attivio (ServiceNow), EMC Corporation, IBM Corporation, X1 Discovery, Inc., Others |
This chapter will help you gain GLOBAL Market Analysis of Enterprise Search. Further deep in this chapter, you will be able to review Global Enterprise Search Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Enterprise Size Analysis 2019 -2031, will provide market size split by Enterprise Size. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Enterprise Size Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by End-User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Enterprise Search market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Small Enterprises have a significant impact on Enterprise Search market? |
What are the key factors affecting the Small Enterprises and Medium Enterprises of Enterprise Search Market? |
What is the CAGR/Growth Rate of Banking & Financial Services during the forecast period? |
By type, which segment accounted for largest share of the global Enterprise Search Market? |
Which region is expected to dominate the global Enterprise Search Market within the forecast period? |
Segmentation Level Customization |
|
Global level Data Customization |
|
Region level Data Customization |
|
Country level Data Customization |
|
Company Level |
|
Additional Data Analysis |
|
Additional Qualitative Data |
|
Additional Quantitative Data |
|
Service Level Customization |
|
Report Format Alteration |
|
Published Report Editions
are Just a Tip of an Iceberg
Access the Complete Database of
Enterprise Search Market
Request Sample