TechNavio recognizes the following companies as the key players in the Global Enterprise Search Market: Google Inc., Microsoft Corp., and Oracle Corp.
Commenting on the report, an analyst from TechNavio’s team said: “The emergence of SaaS-based solutions is a recent trend witnessed in the market. With the emergence of cloud computing, companies are trying to shift their data onto a hosted system. SaaS-based solutions have many benefits as the installation and maintenance of these solutions are not expensive. The major end-users for these solutions are SMEs, which have a lower budget for IT infrastructure and staff. Hence, SMEs are looking at SaaS-based enterprise search solutions for advanced search capabilities. Many vendors are offering flexible payment options to customers for the usage of SaaS-based solutions. In addition, the need for technical support staff is eliminated, as these tasks are performed by the SaaS vendors themselves. Thus, the emergence of SaaS-based solutions is expected to propel the growth of the market during the forecast period.”
According to the report, one of the main drivers in this market is the need for fast and easy access to data. In recent years, many organizations are looking for relevant and updated information to enable them to take quick business decisions. This has in turn has increased the demand for search solutions among SMEs, large organizations, and government entities.
Further, the report states that one of the main challenges in this market is the high cost of implementation of enterprise search solutions. Although the use of technologically advanced equipment enhances the operational effectiveness of enterprise search solutions, their high implementation cost poses a major challenge.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Attivio Software Inc., HP Autonomy, Coveo Corp., Dassault Systèmes Inc., Expert System Inc., Esker Software Corp., IBM Corp., LucidWorks Inc., MarkLogic Inc.,MindBreeze ,Perceptive Software Inc., PolySpot and Sinequa Inc.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-enterprise-search%C2%A0market-201…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Global Enterprise Search Market 2012-2016
