The global market for insight engines is projected to have a considerable CAGR of around 23.2% during the forecast period. The Insight engine is a platform with cognitive capabilities. Insight engines enable users to search, discover and analyse both structured and unstructured data. Employees and customers use these tools to quickly and easily find information and data, whether that be content, documents, or raw data. Insight engines can be used by all businesses and departments that are shifting to a data-driven culture. One of the primary aspects driving this market's growth is the demand for enhanced search and access to in-depth insights. The increasing importance of AI technology for data insights and predictive insights for businesses is predicted to fuel the growth of insight engines. However, factors such as integrating insight engines tools with the existing system using the right approach and validating data quality and data sources are restraining the growth of the market.
Get Sample Copy of this Report at
https://www.omrglobal.com/request-sample/insight-engines-market
Segmental Outlook
The global insight engines market is segmented based on insight types, deployment types, and end-user. Based on the insight types, the market is further classified into predictive insights prescriptive insights, and descriptive insights. Based on deployment type the market is segregated into on-premises, and cloud. Further, based on the end-user the market is classified into BFSI, retail and eCommerce, IT and telecom, healthcare, and others.
Asia-Pacific to hold a considerable CAGR in the global insight engines market
Geographically, Asia-Pacific is projected to hold a significant share global Insight Engines market led by China being the major country in Asia-Pacific with growing technological adoption. Moreover, the increasing adoption of e-commerce will also majorly drive the market growth in the region. According to UNCTAD.org, China’s online share of retail sales rose from 19.4% to 24.6% between August 2019 and August 2020. Thailand saw a 60% jump in the downloads of shopping apps in just one week during March 2020. Furthermore, as several new local businesses attempt to enter the market analyzed during the forecast period, rising marketplaces in countries such as India are projected to create significant opportunities for market growth. For instance, in September 2021, GfK, the provider of consumer and market intelligence, analytics, and consulting services, launched gfknewron an integrated, AI-powered software platform.
by Insight Type (Predictive insights Prescriptive insights, and Descriptive insights),
By Deployment Type (On-premises, and Cloud)
By End User (BFSI, Retail and eCommerce, IT and telecom, Healthcare, and Others)
Market Players Outlook
The key players in the insight engines market contribute significantly by providing different types of products and increasing their geographical presence across the globe. The key players of the market include IBM Corp, Mindbreeze GmbH, Sinequa SAS, LucidWorks, Inc. among others. These market players adopt various strategies such as product launches, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market. In June 2021, IntraFind, a specialist for enterprise search and AI, announces the availability of iFinder Enterprise Search in the Microsoft Azure Marketplace. Companies using Azure can thus access the IntraFind solution for enterprise-wide information search. Thus, all data stored in Azure can be extracted, as well as information from applications such as Dropbox, Salesforce, Confluence, Jira, or Service-Now, and file servers, databases, and other data sources.
The Report Covers
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global insight engines market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market entry and market expansion strategies.
Competitive strategies by identifying 'who-stands-where in the market.
Inquire for Discount on this Report at
https://www.omrglobal.com/report-customization/insight-engines-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: [email protected]
Contact no: +91 780-304-0404