The global Enterprise Search Market was worth USD
1,777.5 million in 2012 and is expected to reach USD 3,993.7
million by 2019, growing at a CAGR of 12.2% from 2013 to 2019. North
Americawas the largest region for enterprise search market in 2012. Growth in
this region is primarily driven by availability of technologies and presence of
key industry player in the region.
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Enterprise Search Market Report with Full TOC at http://www.transparencymarketresearch.com/enterprise-search-market.html
The enterprise search market is driven by various
factors including need to make search more relevant, availability of
technologies and need for relevant information. However, multiplicity of
repositories and problem of ambiguity are some of the factors inhibiting the
growth of this market.
Among all end-users, banking and financial services
segment was the largest and accounted for 34. 9% of the market share in 2012.
It is expected to maintain leading position throughout the forecast period.
Government and commercial is the second largest end-user segment and is
expected to witness strong growth during the forecast period. Increased use of
intranet and communication within the organization has been driving the market.
Geographically North America was the largest
segment and accounted for 34.2% in 2012 owing to technological advancement and
key industry players. Europe is expected to be fastest growing
geography among all the geographies.
Different end-users of enterprise search market include
retail, healthcare, others (media and entertainment, aerospace and defense,
construction). Most of enterprise search players are competing among each other
by developing cost effective search solution and software with greater
performance to get competitive advantage. The global enterprise search market
in a current situation is dominated by few global players and regional players
as well. The global market players include Microsoft Corporation, Oracle
Corporation, SAP AG, IBM Corporation, Coveo Solutions Inc., Attivio Inc and
others.
Enterprise Search Market by End user
- Government
and commercial offices
- Banking
and financial services
- Retail
- Healthcare
- Others
(aerospace and defense, media and entertainment, construction)
Enterprise Search Market by Geography
- North
America
- Europe
- Asia-Pacific
- Rest
of the World
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