Rising Adoption Of Hybrid Cloud Is Fueling The Growth Of The Global Enterprise Search Market


https://www.coherentmarketinsights.com/market-insight/enterprise-search-market-4756
Enterprise Search Market


Market Overview:

Enterprise search software helps organizations search within their intranets, document repositories, CRM systems, web pages, contacts and emails. It provides fast, relevant results to users’ queries from both structured and unstructured content. This improves employee productivity and decision making.

Market key trends:
One of the key trends in the enterprise search market is the adoption of hybrid cloud deployment model. Hybrid cloud deployment allows enterprises to host sensitive applications and data on-premises while leveraging public cloud infrastructure for other workloads. This provides flexibility and cost savings. Many organizations are opting for hybrid cloud-based enterprise search solutions as it allows them to achieve scalability of public cloud with security and control of on-premises deployment. Hybrid cloud deployment is gaining popularity as it offers the best of both on-premise and public cloud models.

The global Enterprise Search Market Demand is estimated to be valued at US$ 5698.07 Mn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

The global enterprise search market is segmented by deployment into cloud and on-premises. The cloud segment dominated the market in 2022 and is expected to continue its dominance over the forecast period. This is due to the advantages associated with cloud deployment such as scalability, flexibility, no upfront costs and less maintenance.

Key Takeaways
The global enterprise search market is expected to witness high growth, exhibiting CAGR of 11% over the forecast period, due to increasing need for unified search experience across various enterprise platforms and growing volume of enterprise data.

Regional analysis:
North America dominated the enterprise search market in 2022 and is expected to continue its dominance over the forecast period. This is attributed to early adoption of advanced technologies and presence of major players in the region. Asia Pacific is expected to grow at the fastest pace during the forecast period owing to rapid digital transformation of enterprises in countries like China and India.

Key players:
Key players operating in the enterprise search market are IBM Corporation, Lucid Work Incorporation, Microsoft Corporation, Dassault Systems S.A., Oracle Corporation, X1 Technologies Inc., SAP AG, Coveo Corporation, and Attivio Software Incorporation. IBM offers Watson Discovery platform for enterprise search to enhance decision making with AI-powered insights. Microsoft provides Bing and SharePoint search for enterprise search needs. Read More: https://www.pressreleasebulletin.com/the-global-electronic-nose-industry-growth-trends-and-forecast-analysis-2/

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