What is Insight Engines Software Market Scope?
Insight engines allow users to search, discover and analyze both structured and unstructured data. Employees and customers use these tools to quickly and easily find information and data, whether that be documents, content, or raw data. Insight engines use natural language processing and machine learning when querying to best provide results. Instead of writing SQL queries, or utilizing some other database language, users can search in natural language and receive similar results. These solutions learn what users are searching for to offer the most accurate search results. Furthermore, insight engines can connect to a variety of data sources, such as enterprise content management systems, big data processing and distribution tools, and databases, among many others. This allows for a central repository of all company information. All businesses and departments that are shifting to a data-driven culture can use insight engines. By implementing insight engines, companies do not need to rely as heavily on data analysts to provide specific insights and instead can use data teams to focus on more proactive initiatives. Moreover, insight engines may be used in conjunction with enterprise search software, business intelligence platforms, and text analysis software, among others.
Market Growth Drivers:
Need for Sustaining Improved Strategic Risk Management, Need for Advanced Search and Natural Access for In-Depth Analysis, Evolving Regulations and Compliance Deadlines for Business Data Security and People Have Come To Expect Relevant and Personalized End-To-End Experiences
Challenges:
Data Security and Privacy Concerns
Restraints:
Data Quality and Data Sources Validation Issues
Opportunities:
Rising Significance of AI Technologies for Data Insights and Predictive Insights for Businesses is Expected to Open Lucrative Opportunities for the Market
The Insight Engines Software market study is being classified, by Application and major geographies with country level break-up.
The market is highly competitive owing to the presence of prominent vendors such as Microsoft, IBM, Google, and among others. The leading companies are adopting some organic and inorganic strategies such as a merger, acquisitions, partnership, new product launches, among others in order to gain leading share within the market. Moreover, some of the leading vendors are focusing on technological advancements in order to offer advanced solutions as per the market necessities. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Insight Engines Software market throughout the predicted period.
Microsoft (United States), IBM (United States), Google (United States), Elasticsearch (United States), Coveo (Canada), MarkLogic (United States), SAP (Germany), Dassault Systèmes (France), Lucidworks (United States), KnowledgeHound (United States) and Micro Focus (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Sinequa (France), Funnelback (Australia), Intrafind (Germany), Squirro AG (Switzerland), Expert System (Australia), Smartlogic (United States) and Prevedere (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Insight Engines Software market by Type, Application and Region.
On the basis of geography, the market of Insight Engines Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On 5 Oct 2018, Comintelli, a leading provider of cloud-based market and competitive intelligence software, today announced the distribution of their Intelligence2day platform in France through a new reseller partnership. Intelligence2day is an Insight Engine for Market- and Competitive Intelligence that converts unstructured Big Data content into organized, digestible information for decision-making. Customers include companies in a variety of sizes and industries, such as pharmaceuticals, packaging, pulp & paper, retail and chemicals. Installations scale all the way from ten up to tens of thousands of users.
Key Target Audience
Insight Engine Software Companies, Potential Technology Investors, Regulatory & Government Bodies, Research & Consulting Firms, Upstream & Downstream Vendors, End Users and Others
Insight Engines Software Market Study: Important Years
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Insight Engines Software Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Insight Engines Software industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.