Westford, USA, Sept. 14, 2022 (GLOBE NEWSWIRE) -- With big data becoming more and more popular, organizations in the global enterprise search market are looking for ways to efficiently find and use information. One way to do this is through enterprise search, which is a tool that helps companies find information across their entire organization. As demand for enterprise search continues to grow, there is a growing need for vendors who can provide innovative solutions that meet the specific needs of businesses.
Enterprise search market has become one of the most important tools for organizations of all sizes and industries. With advances in technology and the growth of digital content, businesses need to find ways to speed up their research process. The use of enterprise search can help streamline investigations and save time by providing a comprehensive repository of information quickly and easily.
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There are a number of factors contributing to this growth of the enterprise search market, including the increasing demand for data transparency and the need for faster decision-making. Another key reason is that enterprises are finding that enterprise search can help them reduce their costs by ensuring they have the right information at their fingertips.
Challenges
Despite the many benefits of using enterprise search, there is still a lot of room for improvement. SkyQuest has identified some of the obstacles that enterprises face when using enterprise search include misconfigured and/or outdated systems, lack of resources, and lack of knowledge about how to use it correctly. To overcome these challenges, businesses in the enterprise search market need to invest in training their employees on how to use enterprise search effectively. Additionally, they need to implement systems that will allow them to automatically capture and store the data that is searched so that it can be analyzed for better results.
The study found that, while most businesses have some form of search capability, only a fraction uses it effectively. Additionally, nearly a third of businesses don't even know how their search engines work, and nearly half report that their searches take too long.
Global enterprise search market is constantly evolving and changing, which means that the best tools for searching are always in high demand. In our new survey, SkyQuest reports that 61% of respondents use Enterprise Search Appliances (ESAs) to manage their search needs.
However, ESAs have their own set of challenges that need to be considered when implementing them within an organization. According to our analyst, " most ESAs are platform-agnostic and do not integrate well with legacy applications. As a result, they often require significant custom programming to work with existing business information management (BIM) systems." This can be a major hurdle if the organization doesn't have the resources or expertise to tackle it.
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Another major challenge in the global enterprise search market is scalability. "Most ESAs are limited in their ability to scale up," SkyQuest notes. "This means that they can’t handle the increased traffic and demand associated with high-growth businesses." If the organization experiences significant growth, they will need to invest in a search infrastructure that can handle the influx of data.
According to a new market research report by SkyQuest, the enterprise search market is expected to grow significantly in the next few years. The report provides a detailed analysis of the current and future trends in the enterprise search market. The report includes an in-depth study of the major players in the market and provides a comprehensive overview of the competitive landscape. The report also includes a detailed analysis of the key growth drivers, challenges and restraints affecting the market.
Top 5 Players are Holding 44.8% Share of Global Enterprise Search Market
Today, enterprises are constantly looking for ways to improve their search capabilities. In order to attain this goal, they turn to the top players in the industry. There are more than 53 international players active in the global market such as Microsoft, Alphabet, Oracle, SAP SE, IBM, Licidworks, EMC corporations, and MarkLogic Corporation
These players have invested significant resources into developing cutting-edge technologies and search engines that can help businesses achieve their goals. enterprise search has been around for quite some time now, and it has seen a lot of changes.
In recent times, the enterprise search market is witnessing a lot of churns. This has led to intense competition among the search providers. Over the past few years, Microsoft and Alphabet have emerged as the two major players in this space. However, Oracle has also ramped up its enterprise search offering over the past few years.
According to recent studies, top players are losing market share to Alphabet. In fact, according to a study by SkyQuest, Google is holding a market share of 16.8 percent in enterprise search. This is a significant gain from where Google had been a few years back.
The top five players namely Microsoft, Alphabet, IBM, SAP SE and Oracle in global enterprise search market hold a combined share of 44.8%. They have developed innovative search engines that provide businesses with superior results. The success of these firms is based on their ability to stay ahead of the curve. They are constantly investing in new technologies and products that can help businesses succeed. These companies understand the importance of providing value to their clients. They strive to provide solutions that exceed expectations. As a result, businesses across all industries turn to them for guidance and support.
SkyQuest’s report provides an in-depth analysis of these key players in the enterprise search market and their business strategies such as product launches, partnerships, and acquisitions. It further analyzes the competitive landscape of the market by assessing the growth strategies adopted by these players to maintain their positions in the market.
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Major Players in Global Enterprise Search Market
- Microsoft Corporation (US)
- IBM Corporation (US)
- Oracle Corporation (US)
- Coveo Solutions (Canada)
- SAP SE(Germany)
- EMC Corporation (US)
- Google LLC(US)
- Expert Systems Inc (China)
- Lucidworks (US)
- MarkLogic Corporation (US)
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