The Global Enterprise Search Market is estimated to be valued at US$ 6.27 bn in 2024 and is expected to reach US$ 12.91 bn by 2031, exhibiting a compound annual growth rate (CAGR) of 10.9% from 2024 to 2031.

Introduction

The enterprise search allows organizations to search through their internal data to gain organizational knowledge and insights. By implementing enterprise search solutions, employees can search through systems like document repositories, intranets, databases etc. from a single search interface to find relevant information quickly. This improves employee productivity and efficiency. The market is driven by the increasing need of organizations to leverage internal data for better decision making and addressing customer queries speedily. As data volumes within organizations grow exponentially, enterprise search helps employees access relevant information buried in large volumes of data.

Market Dynamics:

The global enterprise search market growth is driven by the massive growth in unstructured enterprise data due to factors like social networking platforms, cloud applications, and mobility solutions. Organizations need efficient ways to search through this data deluge and uncover relevant information quickly. However, factors like budget constraints for small and medium enterprises and data security risks pose challenges for enterprise search vendors. Meanwhile, opportunities lie in integrating artificial intelligence capabilities like natural language processing into search solutions. This will help employees search through diverse data types like audio, video using simple language queries. Growth of machine learning technologies is also enabling search solutions to personalize search results based on individual employee profiles and job roles.

Key features of the study:

• This report provides an in-depth analysis of the global enterprise search market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global enterprise search market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Amazon.com, Inc., Attivio Inc., Autonomy Corporation Plc, Coveo Solutions Inc., Elastic N.V., Endeca Technologies, Inc., Exa Corporation, FAST Search & Transfer ASA, Google LLC, IBM Corporation, IHS Markit Ltd., Lucidworks Inc., Microsoft Corporation, MicroStrategy Incorporated, Northrop Grumman Corporation, NTT Ltd., Salesforce.com, Inc., Sinequa, Theobald Software GmbH, and Verity Inc.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global enterprise search market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global enterprise search market

Detailed Segmentation:

• By Component
• • Solution
  • Service
• By Type
• • Conversational Search
  • Multimedia Search
  • Multilingual Search
• By Industry
• • BFSI
  • Healthcare
  • Government
  • Retail and E-commerce
  • Travel and Hospitality
  • Media and Entertainment
  • Others
• By Region
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Key Players Insights
• • Amazon.com, Inc.
  • Attivio Inc.
  • Autonomy Corporation Plc
  • Coveo Solutions Inc.
  • Elastic N.V.
  • Endeca Technologies, Inc.
  • Exa Corporation
  • FAST Search & Transfer ASA
  • Google LLC
  • IBM Corporation
  • IHS Markit Ltd.
  • Lucidworks Inc.
  • Microsoft Corporation
  • MicroStrategy Incorporated
  • Northrop Grumman Corporation
  • NTT Ltd.
  • Salesforce.com, Inc.
  • Sinequa
  • Theobald Software GmbH
  • Verity Inc.