The North America Enterprise Search Market would witness market growth of 7.0% CAGR during the forecast period (2022-2028).
Content is produced by different teams, and it naturally travels throughout the company. Large organizations often have a very diversified and scattered collection of information. It is always hosted on a variety of repositories and business software.
In addition to private and public cloud platforms, these include content management systems (CMS), enterprise resource planning (ERP), relational database management systems (RDBMS), customer relationship management (CRM), file systems, archives, email systems, data lakes, websites, intranets, and social networks. Many sources contribute to the data. For example, several containers are used to store structured and unstructured data.
The enterprise search procedure is divided into three stages, namely exploration, indexing, and search. At the phase of exploration, the enterprise search engine software ingests all data sources and crawls them, gaining knowledge from all areas of the company as well as from its internal and external data sources. After the recovery of data, the corporate search engine analyses and enriches the data by identifying relationships within the data and then stores the outcomes to make it easier to accurately and quickly retrieve the information.
Canada’s technology sector, which contributes 5% of the nation's GDP, has grown twice as quickly as the rest of the economy over the past ten years. With $33.7 billion in imports and $10 billion in exports in 2020, the Canadian ICT sector is significantly dependent on international trade. The top four regions for ICT imports in 2020 were Ontario ($25.5 billion), British Columbia ($3.6 billion), Alberta ($1.1 billion), and Québec ($2.8 billion). Through 2025, growth in the Canadian ICT market is anticipated. Canada is making significant investments in artificial intelligence. It was stated that Canada would provide $185 million to support the commercialization of AI research after the presentation of the Canadian government's budget in April 2021. The market for enterprise search in North America is projected to expand due to all these factors.
The US market dominated the North America Enterprise Search Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,700.9 Million by 2028. The Canada market is poised to grow at a CAGR of 9.5% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 8.5% during (2022 - 2028).
Based on Type, the market is segmented into Local Search, Hosted Search and Search Appliance. Based on Organization Size, the market is segmented into Large Size Organizations and Small & Medium Sized Organizations. Based on End-Use, the market is segmented into Retail & E-commerce, BFSI, Healthcare, Media, Government & Commercial Offices, Manufacturing and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Enterprise Search Market is Projected to reach USD 6.9 Billion by 2028, at a CAGR of 8.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, IBM Corporation, Google LLC (Alphabet, Inc.), Amazon Web Services, Inc. (Amazon.com, Inc.), OpenText Corporation, Oracle Corporation, X1 Discovery, Inc., Attivio, Inc., SAP SE, and Dassault Systemes SE.
By Type
By Organization Size
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