North America Insight Engines Market Size, Share & Industry Trends Analysis Report By Technology, By Application, By Component (Solution and Services), By Deployment Type, By Organization Size, By Vertical, By Country and Growth Forecast, 2023 - 2029
The North America Insight Engines Market would witness market growth of 24.8% CAGR during the forecast period (2023-2029).
Machine learning and natural language processing (NLP) are the search engines that can comprehend context and respond to and answer complex queries. In addition, search engine strategies are being integrated with user actions to surface valuable information for consumers prior to their search. Such approaches are expected to increase the industry's productivity moving forward.
The popularity of data-driven decision-making among managers is on the rise, and the insights engine enables businesses to base their decisions on the insights derived from the data. Moreover, an intelligent enterprise search capability enables industries to drive the business toward the rapidly expanding digital transformation.
The search capability may assist the organization in capitalizing on the total value of the insights, involving them with experts to solve problems, and elaborating, exploring, or discovering new ways to streamline compliance and enhance customer service. As a result, several business units, departments, and divisions are immunized with insight engines. In addition, the adoption of and transition to a cloud-computing environment are increasing, and vendors on the market are also moving toward providing their solutions via the cloud.
Services and products that incorporate or are generated using digital technologies are referred to as being part of the digital economy notion. The information and communications technology (ICT) industry fosters the digital economy and accurately indicates the national economy's expansion. In this digital age, creativity, information, entrepreneurial dynamism, and ICT production would be the United States' competitive advantages. The information and communication technology sector is expected to utilize the insight engine solution and services to achieve greater efficiency for the business and get much-needed consumer insights to meet their demands, thus the growing ICT sector will drive the market growth for insight engines in the region.
The US market dominated the North America Insight Engines Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $1,758.7 million by 2029. The Canada market is poised to grow at a CAGR of 27.7% during (2023 - 2029). Additionally, The Mexico market would exhibit witness a CAGR of 26.5% during (2023 - 2029).
Based on Technology, the market is segmented into Machine Learning and Nature Language Processing. Based on Application, the market is segmented into Customer Management, Search & Discovery, Knowledge Management, Risk & Compliance Management and Others. Based on Component, the market is segmented into Solution and Services. Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Vertical, the market is segmented into BFSI, IT & ITeS, Retail & Ecommerce, Telecom, Manufacturing, Healthcare & Lifesciences, Government and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, IBM Corporation, OpenText Corporation, SAP SE, Oracle Corporation, Elastic N.V., expert.ai S.p.A., Almawave S.p.A. (Almaviva S.p.A), Mindbreeze GmbH, and Squirro AG.
Scope of the Study
Market Segments covered in the Report:
By Technology
Machine Learning
Nature Language Processing
By Application
Customer Management
Search & Discovery
Knowledge Management
Risk & Compliance Management
Others
By Component
Solution
Services
By Deployment Type
Cloud
On-premise
By Organization Size
Large Enterprises
Small & Medium Enterprises
By Vertical
BFSI
IT & ITeS
Retail & Ecommerce
Telecom
Manufacturing
Healthcare & Lifesciences
Government
Others
By Country
US
Canada
Mexico
Rest of North America
Companies Profiled
Microsoft Corporation
IBM Corporation
OpenText Corporation
SAP SE
Oracle Corporation
Elastic N.V.
expert.ai S.p.A.
Almawave S.p.A. (Almaviva S.p.A)
Mindbreeze GmbH
Squirro AG
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Insight Engines Market, by Technology
- 1.4.2 North America Insight Engines Market, by Application
- 1.4.3 North America Insight Engines Market, by Component
- 1.4.4 North America Insight Engines Market, by Deployment Type
- 1.4.5 North America Insight Engines Market, by Organization Size
- 1.4.6 North America Insight Engines Market, by Vertical
- 1.4.7 North America Insight Engines Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market composition & scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.2.4 Geographical Expansions
- 3.3 Top Winning Strategies
- 3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements : 2020, Nov – 2022, Nov) Leading Players
- Chapter 4. North America Insight Engines Market by Technology
- 4.1 North America Machine Learning Market by Country
- 4.2 North America Nature Language Processing Market by Country
- Chapter 5. North America Insight Engines Market by Application
- 5.1 North America Customer Management Market by Country
- 5.2 North America Search & Discovery Market by Country
- 5.3 North America Knowledge Management Market by Country
- 5.4 North America Risk & Compliance Management Market by Country
- 5.5 North America Other Application Market by Country
- Chapter 6. North America Insight Engines Market by Component
- 6.1 North America Solution Market by Country
- 6.2 North America Services Market by Country
- Chapter 7. North America Insight Engines Market by Deployment Type
- 7.1 North America Cloud Market by Country
- 7.2 North America On-premise Market by Country
- Chapter 8. North America Insight Engines Market by Organization Size
- 8.1 North America Large Enterprises Market by Country
- 8.2 North America Small & Medium Enterprises Market by Country
- Chapter 9. North America Insight Engines Market by Vertical
- 9.1 North America BFSI Market by Country
- 9.2 North America IT & ITeS Market by Country
- 9.3 North America Retail & Ecommerce Market by Country
- 9.4 North America Telecom Market by Country
- 9.5 North America Manufacturing Market by Country
- 9.6 North America Healthcare & Lifesciences Market by Country
- 9.7 North America Government Market by Country
- 9.8 North America Others Market by Country
- Chapter 10. North America Insight Engines Market by Country
- 10.1 US Insight Engines Market
- 10.1.1 US Insight Engines Market by Technology
- 10.1.2 US Insight Engines Market by Application
- 10.1.3 US Insight Engines Market by Component
- 10.1.4 US Insight Engines Market by Deployment Type
- 10.1.5 US Insight Engines Market by Organization Size
- 10.1.6 US Insight Engines Market by Vertical
- 10.2 Canada Insight Engines Market
- 10.2.1 Canada Insight Engines Market by Technology
- 10.2.2 Canada Insight Engines Market by Application
- 10.2.3 Canada Insight Engines Market by Component
- 10.2.4 Canada Insight Engines Market by Deployment Type
- 10.2.5 Canada Insight Engines Market by Organization Size
- 10.2.6 Canada Insight Engines Market by Vertical
- 10.3 Mexico Insight Engines Market
- 10.3.1 Mexico Insight Engines Market by Technology
- 10.3.2 Mexico Insight Engines Market by Application
- 10.3.3 Mexico Insight Engines Market by Component
- 10.3.4 Mexico Insight Engines Market by Deployment Type
- 10.3.5 Mexico Insight Engines Market by Organization Size
- 10.3.6 Mexico Insight Engines Market by Vertical
- 10.4 Rest of North America Insight Engines Market
- 10.4.1 Rest of North America Insight Engines Market by Technology
- 10.4.2 Rest of North America Insight Engines Market by Application
- 10.4.3 Rest of North America Insight Engines Market by Component
- 10.4.4 Rest of North America Insight Engines Market by Deployment Type
- 10.4.5 Rest of North America Insight Engines Market by Organization Size
- 10.4.6 Rest of North America Insight Engines Market by Vertical
- Chapter 11. Company Profiles
- 11.1 IBM Corporation
- 11.1.1 Company Overview
- 11.1.2 Financial Analysis
- 11.1.3 Regional & Segmental Analysis
- 11.1.4 Research & Development Expenses
- 11.1.5 Recent strategies and developments:
- 11.1.5.1 Partnerships, Collaborations, and Agreements:
- 11.1.5.2 Product Launches and Product Expansions:
- 11.1.5.3 Acquisition and Mergers:
- 11.1.6 SWOT Analysis
- 11.2 Oracle Corporation
- 11.2.1 Company Overview
- 11.2.2 Financial Analysis
- 11.2.3 Segmental and Regional Analysis
- 11.2.4 Research & Development Expense
- 11.2.5 Recent strategies and developments:
- 11.2.5.1 Partnerships, Collaborations, and Agreements:
- 11.2.5.2 Acquisition and Mergers:
- 11.2.5.3 Geographical Expansions:
- 11.2.6 SWOT Analysis
- 11.3 SAP SE
- 11.3.1 Company Overview
- 11.3.2 Financial Analysis
- 11.3.3 Segmental and Regional Analysis
- 11.3.4 Research & Development Expense
- 11.3.5 Recent strategies and developments:
- 11.3.5.1 Partnerships, Collaborations, and Agreements:
- 11.3.5.2 Acquisition and Mergers:
- 11.3.6 SWOT Analysis
- 11.4 Microsoft Corporation
- 11.4.1 Company Overview
- 11.4.2 Financial Analysis
- 11.4.3 Segmental and Regional Analysis
- 11.4.4 Recent strategies and developments:
- 11.4.4.1 Partnerships, Collaborations, and Agreements:
- 11.4.4.2 Product Launches and Product Expansions:
- 11.4.5 SWOT Analysis
- 11.5 OpenText Corporation
- 11.5.1 Company Overview
- 11.5.2 Financial Analysis
- 11.5.3 Product Type and Regional Analysis
- 11.5.4 Research & Development Expense
- 11.5.5 Recent strategies and developments:
- 11.5.5.1 Product Launches and Product Expansions:
- 11.5.5.2 Acquisition and Mergers:
- 11.5.6 SWOT Analysis
- 11.6 Elastic N.V.
- 11.6.1 Company Overview
- 11.6.2 Financial Analysis
- 11.6.3 Regional Analysis
- 11.6.4 Research & Development Expenses
- 11.6.5 Recent strategies and developments:
- 11.6.5.1 Product Launches and Product Expansions:
- 11.6.5.2 Acquisition and Mergers:
- 11.7 expert.ai S.p.A.
- 11.7.1 Company Overview
- 11.7.2 Financial Analysis
- 11.7.3 Regional Analysis
- 11.7.4 Research & Development Expenses
- 11.8 Almawave S.p.A. (Almaviva S.p.A)
- 11.8.1 Company Overview
- 11.8.2 Financial Analysis
- 11.9 Mindbreeze GmbH (Fabasoft AG)
- 11.9.1 Company Overview
- 11.9.2 Financial Analysis
- 11.9.3 Regional Analysis
- 11.9.4 Research & Development Expense
- 11.10. Squirro AG
- 11.10.1 Company Overview
- 11.10.2 Recent strategies and developments:
- 11.10.2.1 Partnerships, Collaborations, and Agreements:
- 11.10.2.2 Product Launches and Product Expansions:
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