Enterprise Search Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Enterprise Search Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global enterprise search market size reached US$ 5.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.6 Billion by 2028, exhibiting a growth rate (CAGR) of 10.7% during 2023-2028.

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.

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 report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on enterprise size and end user.

Breakup by Enterprise Size:

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:

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.

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?