» Forecast Report - Enterprise Search Market Size, Share, Growth & Worldwide To 2020: Grand View Research
Forecast Report - Enterprise Search Market Size, Share, Growth & Worldwide To 2020: Grand View Research
Posted : September 4, 2015 | Comments : Views : 121
The Global Enterprise Search Market is expected to reach USD 5.02 billion by 2020, according to a new study by Grand View Research, Inc. Increasing demand for solutions offering time-saving data search capabilities is expected to be a key factor driving market growth over the next six years. The need to manage large volumes of data efficiently in an organization so as to improve operational efficiency of an enterprise is also expected to propel the market through the forecast period. These solutions offer enhanced security layer that allows information access to only authorized personnel, which is also expected to fuel the enterprise search market over the forecast period. Increasing demand for several value-added services along with search capabilities due to changes in operational practices within organizations provide avenues for market growth.
Technological advancement, and emergence of cloud computing and Software as a Service (SaaS) is expected to drive market growth. Furthermore, these solutions offer several benefits such as low maintenance and installation cost along with minimum technical support, which is also expected to positively impact the market over the next few years. However, availability of online search engines may pose a challenge to companies operating in the market.
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Further key findings from the study suggest:
For the purpose of this study, Grand View Research has segmented the global enterprise search market on the basis of end-use, enterprise size and region:
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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