Enterprise Search Market Growth Rate, Dynamics, Key
Opportunities, Company Overview By 2024
“Enterprise Search Market is anticipated to reach USD 8.90 billion by 2024.
Global enterprise search demand is expected to witness a steady growth on
account of increasing use of data.”
The global Enterprise Search Market is anticipated to reach USD 8.90 billion by 2024. Global enterprise search
demand is expected to witness a steady growth on account of increasing use of data. Enterprise is designed to
make content available to the users from multiple sources including databases and intranets. Enterprise search
software has structured as well as unstructured data in their collection. They form a vertical search for any
enterprise.
Time-saving information and cost efficient search solutions are the key factors driving the overall enterprise
search market. Data management has turned out to be a crucial activity as a result of increasing data volumes.
Data is made available to the user through various databases, emails, data managements systems and intranet.
Time saving is another factor which is expected to drive the overall industry in near future. Enterprise search
solution enables quick search of information and therefore saving operational time. This helps in increasing the
productivity and efficiency. It also adds a security layer by disallowing data access for unauthorised users.
These applications software as a service (SAAS) and cloud computing have provided bright prospects for overall
industry growth. Development of technology and high demand of necessary information has favoured the
market growth in recent years. High implementation cost is a major barrier to overall industry growth.
Furthermore, high costs associated with maintenance and installation cost is expected to pull down the market
in near future.
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