Insight Engines Market by Component (Tools and Services), Application (Customer Experience Management, Sales & Marketing Optimization), Insight Type, Deployment Type, Organization Size, Industry Vertical, and Region - Global Forecast to 2023

  • ID: 4521242
  • Report
  • Region: Global
  • 177 Pages
  • Markets and Markets
1 of 6

FEATURED COMPANIES

  • Activeviam
  • Cognitivescale
  • Expert System
  • IBM
  • Lucidworks
  • Prevedere
  • MORE

Insight engines market size is projected to grow at a CAGR of 24.5% during the forecast period

The global insight engines market size is expected to grow from USD 735.2 million in 2018 to USD 2,197.4 million by 2023, at a Compound Annual Growth Rate (CAGR) of 24.5% during the forecast period. The need for advanced search and access for in-depth insights is one of the key factors fueling the growth of this market. The rising significance of Artificial Intelligence (AI) technology for data insights, and predictive insights for businesses are expected to fuel the growth of insight engines. As a result, it would provide growth opportunities for the market. However, integrating insight engines tools with the existing system using the right approach, and validating data quality and data source are the major restraining factors that limit the growth of the insight engines market.

Tools segment is expected to hold the largest market size during the forecast period

Organizations are looking forward to adopting robust enterprise solutions to make their business processes agile and improve their workforce collaborations. However, due to inadequate infrastructure, big data is becoming a challenge for them. Moreover, discovering and providing the right information at the right time, and understanding customers’ requirements are the other challenges faced by organizations. To deal with these issues, insight engines play a key role. The insight engine is developed using AI-based intelligent analysis technology, and provides an enterprise search option. It uses Natural Language Processing (NLP), Machine Learning (ML), custom annotation, and relevance training. As the volume of data generated and collected by enterprises increased, organizations started using insight engine platforms to consider their enterprise data holistically, and improve their business processes. Insight engine works as a bridge between machine data and users, and enables communication in a user-friendly language by converting the machine language into human-friendly language. Moreover, the proliferation of data, amounting to big data, has forced IT companies, such as IBM, Microsoft, Coveo, and Mindbreeze, to develop and design insight engine platforms to help knowledge workers in information searching.

APAC is projected to grow at the highest rate during the forecast period

The insight engines market growth in the Asia Pacific (APAC) region is gaining momentum and is expected to grow at the highest rate in the coming years. The rising awareness of having in-depth insights and advance search, and focusing on improving overall customer service are important to maintain key competitive differentiation and revenue growth. The adoption of connected devices is increasing in this region, which can be attributed to the development and implementation of 3G and 4G networks. Furthermore, advanced network connectivity has led to a rise in the number of smartphone users. According to the Cisco VNI analysis, APAC is expected to account for 47% of the global mobile traffic by 2021. Similarly, the regional share of smart devices and connections would reach 81% by 2021. Moreover, many of the telecom companies are actively working on 5G trials, and it is expected to be implemented by 2020. Therefore, these changes have resulted in the generation of massive amounts of data, which would enhance the adoption of insight engine solutions in the near future. In addition, major economies in APAC, such as India, Singapore, Malaysia, Japan, South Korea, and Australia, are adopting the cloud technology.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of the profiles of the primary participants is given below:

  • By Company: Tier 1: 22%, Tier 2: 30%, and Tier 3: 48%
  • By Designation: C-level: 30%, Director level: 45%, and Others: 25%
  • By Region: North America: 45%, Europe: 25%, APAC: 22%, and MEA: 8%

Research Coverage

The report segments the insight engines market based on components, which are further segmented into tools and services. Under insight engines platform, the tools segment includes modules such as search engine, indexing, analysis, data governance, data security, AI algorithms, and reporting and visualization. The services segment is further segmented into managed and professional. The professional services segment in the report is further segmented into support and maintenance, consulting services, and deployment and integration. Based on deployment types, the market is segmented into on-premises and cloud. Under organization size, it is segmented into Small and Medium-sized Enterprises (SMEs) and large enterprises. Furthermore, under industry verticals, the report covers retail and eCommerce; government; healthcare; energy and utilities; IT and telecom; manufacturing; media and entertainment; Banking, Financial Services, and Insurance (BFSI); and others (travel and hospitality, transportation and logistics, and education). The regions are segmented into North America, Europe, APAC, Middle East and Africa (MEA), and Latin America.

Reasons to buy the report

The report will help the leaders/new entrants in this market in the following ways:

  • This report segments the insight engines market comprehensively and provides the closest approximations of the revenue numbers for the overall market and subsegments across different industry verticals and regions.
  • The report helps stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.
  • This report will help stakeholders better understand the competitors and gain more insights to enhance their position in the business. The competitive landscape section includes new product launches/developments; partnerships and collaborations; mergers and acquisitions; and expansions.
READ MORE
Note: Product cover images may vary from those shown
2 of 6

FEATURED COMPANIES

  • Activeviam
  • Cognitivescale
  • Expert System
  • IBM
  • Lucidworks
  • Prevedere
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Research Assumptions
2.4 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Insight Engines Market
4.2 Market Share Across Various Regions
4.3 Market By Industry Vertical and Region

5 Market Overview
5.1 Market Overview
5.1.1 Introduction
5.1.2 Drivers
5.1.2.1 Need for Sustaining Improved Strategic Risk Management
5.1.2.2 Evolving Regulations and Compliance Deadlines for Business Data Security
5.1.2.3 Need for Advanced Search and Natural Access for In-Depth Analysis
5.1.3 Restraints
5.1.3.1 Data Quality and Data Sources Validation Issues
5.1.4 Opportunities
5.1.4.1 Rising Significance of AI Technologies for Data Insights
5.1.4.2 Predictive Insights for Businesses
5.1.5 Challenges
5.1.5.1 Data Security and Privacy Concerns
5.1.5.2 Lack of Trained and Skilled Personnel
5.2 Technology Building Blocks
5.2.1 Machine Learning
5.2.2 Natural Language Processing
5.3 Features/Functionalities
5.3.1 Emotion Detection
5.3.2 Speech-To-Text Transcription
5.3.3 Phonetic Indexing
5.4 Insight Engines: Use Cases
5.4.1 Use Case #1: Providing Access to Information Across Locations
5.4.2 Use Case #2: Improving Search Experience
5.4.3 Use Case #3: Enhancing Customer Experience

6 Insight Engines Market, By Component
6.1 Introduction
6.2 Tools
6.3 Services
6.4 Managed Services
6.5 Professional Services
6.5.1 Consulting Services
6.5.2 Support and Maintenance
6.5.3 Deployment and Integration

7 Insight Engines Market, By Application
7.1 Introduction
7.2 Customer Experience Management
7.3 Workforce Management
7.4 Operations Management
7.5 Sales and Marketing Management
7.6 Risk and Compliance Management
7.7 Others

8 Market By Insight Type
8.1 Introduction
8.2 Predictive Insights
8.3 Prescriptive Insights
8.4 Descriptive Insights

9 Market By Deployment Type
9.1 Introduction
9.2 Cloud
9.3 On-Premises

10 Insight Engines Market, By Organization Size
10.1 Introduction
10.2 Small and Medium-Sized Enterprises
10.3 Large Enterprises

11 Market By Industry Vertical
11.1 Introduction
11.2 Banking, Financial Services, and Insurance
11.3 Telecom and IT
11.4 Retail and Ecommerce
11.5 Healthcare
11.6 Manufacturing
11.7 Government
11.8 Media and Entertainment
11.9 Others

12 Insight Engines Market, By Region
12.1 Introduction
12.2 North America
12.2.1 By Application
12.2.2 By Insight Type
12.2.3 By Component
12.2.4 By Service
12.2.5 By Deployment Type
12.2.6 By Organization Size
12.2.7 By Industry Vertical
12.3 Europe
12.3.1 By Application
12.3.2 By Insight Type
12.3.3 By Component
12.3.4 By Service
12.3.5 By Deployment Type
12.3.6 By Organization Size
12.3.7 By Industry Vertical
12.4 Asia Pacific
12.4.1 By Application
12.4.2 By Insight Type
12.4.3 By Component
12.4.4 By Service
12.4.5 By Deployment Type
12.4.6 By Organization Size
12.4.7 By Industry Vertical
12.5 Middle East and Africa
12.5.1 By Application
12.5.2 By Insight Type
12.5.3 By Component
12.5.4 By Service
12.5.5 By Deployment Type
12.5.6 By Organization Size
12.5.7 By Industry Vertical
12.6 Latin America
12.6.1 By Application
12.6.2 By Insight Type
12.6.3 By Component
12.6.4 By Service
12.6.5 By Deployment Type
12.6.6 By Organization Size
12.6.7 By Industry Vertical

13 Competitive Landscape
13.1 Overview
13.2 Prominent Players in the Insight Engines Market
13.3 Competitive Scenario
13.3.1 New Product Launches and Product Upgradations
13.3.2 Partnerships, Collaborations, and Agreements
13.3.3 Mergers and Acquisitions
13.3.4 Business Expansions

14 Company Profiles
14.1 IBM
14.2 Microsoft
14.3 Oracle
14.4 Attivio
14.5 Sinequa
14.6 Coveo
14.7 Celonis
14.8 Funnelback
14.9 Intrafind
14.10 Lucidworks
14.11 Insight Engines
14.12 Mindbreeze
14.13 Squirro
14.14 HPE
14.15 Expert System
14.16 Dassault Systèmes
14.17 Veritone
14.18 Smartlogic
14.19 Ba Insight
14.20 Forwardlane
14.21 Cognitivescale
14.22 Comintelli
14.23 Activeviam
14.24 Lattice Engines
14.25 Prevedere

15 Appendix
15.1 Key Insights of Industry Experts
15.2 Discussion Guide
15.3 Introducing RT: Real-Time Market Intelligence
15.4 Knowledge Store
15.5 Available Customization
15.6 Related Reports
15.7 Author Details

List of Tables:
Table 1 Insight Engines Market Size and Growth, 2018–2023 (USD Million, Y-O-Y %)
Table 2 Market Size By Component, 2018–2023 (USD Million)
Table 3 Tools: Market Size, By Region, 2018–2023 (USD Million)
Table 4 Services: Market Size, By Region, 2016–2023 (USD Million)
Table 5 Services: Insight Engine Market Size, By Type, 2018–2023 (USD Million)
Table 6 Managed Services: Market Size, By Region, 2018–2023 (USD Million)
Table 7 Professional Services: Market Size, By Region, 2018–2023 (USD Million)
Table 8 Professional Services: Insight Engine Market Size, By Type, 2018–2023 (USD Million)
Table 9 Consulting Services: Market Size, By Region, 2018–2023 (USD Million)
Table 10 Support and Maintenance: Market Size, By Region, 2018–2023 (USD Million)
Table 11 Deployment and Integration: Market Size, By Region, 2018–2023 (USD Million)
Table 12 Insight Engines Market Size, By Application, 2018–2023 (USD Million)
Table 13 Customer Experience Management: Market Size By Region, 2018–2023 (USD Million)
Table 14 Workforce Management: Market Size By Region, 2018–2023 (USD Million)
Table 15 Operations Management: Market Size By Region, 2018–2023 (USD Million)
Table 16 Sales and Marketing Management: Market Size By Region, 2018–2023 (USD Million)
Table 17 Risk and Compliance Management: Market Size By Region, 2018–2023 (USD Million)
Table 18 Others: Market Size By Region, 2018–2023 (USD Million)
Table 19 Insight Engines Market Size, By Insight Type, 2018–2023 (USD Million)
Table 20 Predictive Insight: Market Size By Region, 2018–2023 (USD Million)
Table 21 Prescriptive Insight: Market Size By Region, 2018–2023 (USD Million)
Table 22 Descriptive Insight: Market Size By Region, 2018–2023 (USD Million)
Table 23 Insight Engines Market Size, By Deployment Type, 2018–2023 (USD Million)
Table 24 Cloud: Market Size By Region, 2018–2023 (USD Million)
Table 25 On-Premises: Market Size By Region, 2018–2023 (USD Million)
Table 26 Insight Engines Market Size, By Organization Size, 2018–2023 (USD Million)
Table 27 Small and Medium-Sized Enterprises: Market Size By Region, 2018–2023 (USD Million)
Table 28 Large Enterprises: Market Size By Region, 2018–2023 (USD Million)
Table 29 Insight Engines Market Size, By Industry Vertical, 2016–2023 (USD Million)
Table 30 Banking, Financial Services, and Insurance: Market Size By Region, 2016–2023 (USD Million)
Table 31 Telecom and IT: Market Size By Region, 2016–2023 (USD Million)
Table 32 Retail and Ecommerce: Market Size By Region, 2016–2023 (USD Million)
Table 33 Healthcare: Market Size By Region, 2016–2026 (USD Million)
Table 34 Manufacturing: Market Size By Region, 2016–2023 (USD Million)
Table 35 Government: Market Size By Region, 2016–2023 (USD Million)
Table 36 Media and Entertainment: Market Size By Region, 2015–2022 (USD Million)
Table 37 Others: Market Size By Region, 2016–2023 (USD Million)
Table 38 Insight Engines Market Size, By Region, 2016–2023 (USD Million)
Table 39 North America: Market Size By Application, 2016–2023 (USD Million)
Table 40 North America: Market Size By Insight Type, 2016–2023 (USD Million)
Table 41 North America: Market Size By Component, 2016–2023 (USD Million)
Table 42 North America: Market Size By Service, 2016–2023 (USD Million)
Table 43 North America: Market Size By Professional Service, 2016–2023 (USD Million)
Table 44 North America: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 45 North America: Market Size By Organization Size, 2016–2023 (USD Million)
Table 46 North America: Market Size By Industry Vertical, 2016–2023 (USD Million)
Table 47 Europe: Insight Engines Market Size, By Application, 2016–2023 (USD Million)
Table 48 Europe: Market Size By Insight Type, 2016–2023 (USD Million)
Table 49 Europe: Market Size By Component, 2016–2023 (USD Million)
Table 50 Europe: Market Size By Service, 2016–2023 (USD Million)
Table 51 Europe: Market Size By Professional Service, 2016–2023 (USD Million)
Table 52 Europe: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 53 Europe: Market Size By Organization Size, 2016–2023 (USD Million)
Table 54 Europe:Market Size By Industry Vertical, 2016–2023 (USD Million)
Table 55 Asia Pacific: Insight Engines Market Size, By Application, 2016–2023 (USD Million)
Table 56 Asia Pacific: Market Size By Insight Type, 2016–2023 (USD Million)
Table 57 Asia Pacific: Market Size By Component, 2016–2023 (USD Million)
Table 58 Asia Pacific: Market Size By Service, 2016–2023 (USD Million)
Table 59 Asia Pacific: Market Size By Professional Service, 2016–2023 (USD Million)
Table 60 Asia Pacific: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 61 Asia Pacific: Market Size By Organization Size, 2016–2023 (USD Million)
Table 62 Asia Pacific: Market Size By Industry Vertical, 2016–2023 (USD Million)
Table 63 Middle East and Africa: Insight Engines Market Size, By Application, 2016–2023 (USD Million)
Table 64 Middle East and Africa: Market Size By Insight Type, 2016–2023 (USD Million)
Table 65 Middle East and Africa: Market Size By Component, 2016–2023 (USD Million)
Table 66 Middle East and Africa: Market Size By Service, 2016–2023 (USD Million)
Table 67 Middle East and Africa: Market Size By Professional Service, 2016–2023 (USD Million)
Table 68 Middle East and Africa: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 69 Middle East and Africa: Market Size By Organization Size, 2016–2023 (USD Million)
Table 70 Middle East and Africa: Market Size By Industry Vertical, 2016–2023 (USD Million)
Table 71 Latin America: Insight Engines Market Size, By Application, 2016–2023 (USD Million)
Table 72 Latin America: Market Size By Insight Type, 2016–2023 (USD Million)
Table 73 Latin America: Market Size By Component, 2016–2023 (USD Million)
Table 74 Latin America: Market Size By Service, 2016–2023 (USD Million)
Table 75 Latin America: Market Size By Professional Service, 2016–2023 (USD Million)
Table 76 Latin America: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 77 Latin America: Market Size By Organization Size, 2016–2023 (USD Million)
Table 78 Latin America: Market Size By Industry Vertical, 2016–2023 (USD Million)
Table 79 Prominent Players in the Insight Engines Market
Table 80 New Product Launches and Product Upgradations, 2015–2017
Table 81 Partnerships, Collaborations, and Agreements, 2014–2017
Table 82 Mergers and Acquisitions, 2014–2017
Table 83 Business Expansions, 2014–2017

List of Figures:
Figure 1 Insight Engines Market Segmentation
Figure 2 Market Research Design
Figure 3 Data Triangulation
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Insight Engines Market: Assumptions
Figure 7 Insight Engines Market is Expected to Witness A High Growth During the Forecast Period
Figure 8 Market By Component (2018 vs 2023)
Figure 9 Market By Application (2018–2023)
Figure 10 Market By Deployment Model (2018–2023)
Figure 11 Market By Organization Size (2018–2023)
Figure 12 Market By Industry Vertical (2018 vs 2023)
Figure 13 Increasing Need to Meet Customers’ Demand and Improve the User Experience are Expected to Be the Major Factors Contributing to the Growth of the Insight Engines Market
Figure 14 North America is Estimated to Have the Largest Market Share in 2018
Figure 15 Banking, Financial Services, and Insurance Industry Vertical and North American Region are Estimated to Have the Largest Market Shares in 2018
Figure 16 Insight Engines Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Service Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 18 Managed Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 19 Support and Maintenance Services Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 20 Risk and Compliance Management is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 21 Prescriptive Insights Type is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 22 Cloud Deployment Type is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 23 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 24 Media and Entertainment Industry Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 25 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 26 North America: Market Snapshot
Figure 27 Asia Pacific: Market Snapshot
Figure 28 Key Developments of the Leading Players in the Insight Engines Market, 2014–2017
Figure 29 IBM: Company Snapshot
Figure 30 IBM: SWOT Analysis
Figure 31 Microsoft: Company Snapshot
Figure 32 Microsoft: SWOT Analysis
Figure 33 Oracle: Company Snapshot
Figure 34 Oracle: SWOT Analysis
Figure 35 Attvio: SWOT Analysis
Figure 36 Sinequa: SWOT Analysis
Figure 37 Coveo: SWOT Analysis
Figure 38 HPE: Company Snapshot
Figure 39 Expert System: Company Snapshot
Figure 40 Dassault Systèmes: Company Snapshot
Figure 41 Veritone: Company Snapshot

Note: Product cover images may vary from those shown
3 of 6

Loading
LOADING...

4 of 6
5 of 6
  • IBM
  • Microsoft
  • Oracle
  • Attivio
  • Sinequa
  • Coveo
  • Celonis
  • Funnelback
  • Intrafind
  • Lucidworks
  • Insight Engines
  • Mindbreeze
  • Squirro
  • HPE
  • Expert System
  • Dassault Systèmes
  • Veritone
  • Smartlogic
  • Ba Insight
  • Forwardlane
  • Cognitivescale
  • Comintelli
  • Activeviam
  • Lattice Engines
  • Prevedere
Note: Product cover images may vary from those shown
6 of 6
Note: Product cover images may vary from those shown
Adroll
adroll