DUBLIN, May 26, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/6c4dms/enterprise_search) has announced the addition of the "Global Enterprise Search (Government and commercial offices, Banking and financial services, Retail, Healthcare and Others) Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast to 2019" report to their offering.
Enterprise search provides benefits of higher productivity as it can reduce the time spent up to 15 to 30% by the employees searching the information. Enterprise Search makes the business process more effective and more productive to the data intensive companies. Enterprise search system provides the access control to enforce security policy for its users. The access to information is restricted to authorized people only.
The enterprise search market is driven by various factors such as need to make search more relevant, availability of technologies and getting relevant information. The enterprise search market was valued at USD 1,777.5 million in 2012 and is expected to grow at a CAGR of 12.2% during the forecast period from 2013 to 2019. However, problem of ambiguity, presence of customized internet search and multiple repositories are some factors inhibiting the market growth.
In terms of end-user, banking and financial services segment was the largest segment and accounted for 34.9% share in 2012. Connected banks and financial offices through intranet facilitating protective and effective sharing of data among different branches and offices are the factors driving the market growth. Recommind Inc., based in San Francisco a key player in information management, email management and enterprise search has provided its solution to leading investment banks. Smart logic Semaphore, based in United States provides enterprise software to key banking players such as Royal Bank of Scotland (RBS), Bank of America and many others.
Geographically North America was the largest enterprise search market and accounted for 34.2% in 2012. Growing penetration of enterprise search especially in countries such as Canada and Germany including others has been the driving force for this market. Most of the U.S. players are entering the European market by collaborating with different European vendors to provide enterprise search in Europe.
Most of enterprise search players are competing among each other by developing cost effective enterprise software and solutions with greater performance to get competitive advantage. The global enterprise search market is dominated by few organized players and regional players as well. The organized market players include Microsoft Corporation, Oracle Corporation, IBM Corporation, Coveo Solution Inc., Attivio Inc. and others.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 Global Enterprise Search Market by End users, 2013 - 2019
Chapter 5 Global Enterprise Search Market by Geography, 2013 - 2019
Chapter 6 Competitive Landscape
Chapter 7 Company Profiles
- Attivio Software Incorporation
- Coveo Corporation
- Dassault Systems S.A.
- EMC Corporation
- IBM Corporation
- Lucid Work Incorporation
- Mark Logic Corporation
- Microsoft Corporation
- Oracle Corporation
- SAP AG
- X1 Technologies Inc.
For more information visit http://www.researchandmarkets.com/research/6c4dms/enterprise_search
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SOURCE Research and Markets