Global Enterprise Search Market Growth (Status and Outlook) 2023-2029

Global Enterprise Search Market Growth (Status and Outlook) 2023-2029

The increasing demand for time-saving data search solutions is expected to be the key growth factor for the enterprise search market. The increasing data volumes sourced from different gateways in the Search Appliances has created a need for managing it. Enterprise search solutions help in organizing and managing this data, due to which these solutions have found a large adoption in the Search Appliances. Enterprise search solutions enable the availability of required data or information to the user from a pool of databases, emails, intranet, data management systems, and so on. It saves the operation time and money for the enterprise by efficiently managing information and searching for required information without any hassles. Additionally, it offers a security layer by allowing only authorized personnel to access information.

The demand for relevant information and the emergence of technologies such as Software as a Service (SAAS) and cloud computing are further expected to favor the enterprise search market growth over the forecast period. The low maintenance and installation costs along with the elimination of technical support staff associated with these technologies are expected to fuel the enterprise search market growth. Data ambiguity and high implementation cost may act as a restraint to the market.
LPI (LP Information)' newest research report, the “Enterprise Search Industry Forecast” looks at past sales and reviews total world Enterprise Search sales in 2022, providing a comprehensive analysis by region and market sector of projected Enterprise Search sales for 2023 through 2029. With Enterprise Search sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Enterprise Search industry.
This Insight Report provides a comprehensive analysis of the global Enterprise Search landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Enterprise Search portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Enterprise Search market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Enterprise Search and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Enterprise Search.
The global Enterprise Search market size is projected to grow from US$ 4626.1 million in 2022 to US$ 11290 million in 2029; it is expected to grow at a CAGR of 13.6% from 2023 to 2029.
Global Enterprise Search key players include IBM Corp, SAP AG, Dassault Systemes, Oracle, Microsoft, etc. Global top five manufacturers hold a share over 25%.
North America is the largest market, with a share about 35%, followed by Europe, and Asia-Pacific, both have a share over 55 percent.
In terms of product, Local Installations is the largest segment, with a share over 50%. And in terms of application, the largest application is Banking and Finance, followed by Government and Commercial offices, Retail, Healthcare, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Enterprise Search market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Local Installations
Hosted Versions
Search Appliances
Segmentation by application
Government and Commercial Offices
Banking and Finance
Healthcare
Retail
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
IBM Corp
SAP AG
Dassault Systemes
Oracle
Microsoft
Google
Coveo Corp
Marklogic Inc
Concept Searching Limited
Lucid Work
Hyland
X1 Technologies
Micro Focus
Attivio Inc
Expert System Inc

Please note: The report will take approximately 2 business days to prepare and deliver.