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Global Insight Engines Market by Offering (Solutions, Services), Application (Search & Discovery, Knowledge Management, Risk & Compliance Management), Technology, Deployment Mode, Organization Size, Vertical, and Region - Forecast to 2028

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    Report

  • 281 Pages
  • April 2023
  • Region: Global
  • Markets and Markets
  • ID: 4521242
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Rising Demand to Embrace AI-Powered Search Experience Across BFSI and Retail & e-Commerce Sectors to Drive Market Growth

The global market for insight engines is projected to grow from USD 1.7 billion in 2023 to USD 5.6 billion by 2028, at a CAGR of 27.1% during the forecast period. The insight engine works with cognitive systems that employ NLP to interpret unstructured data from sources including documents, blogs, engineering reports, market research, and rich media such as videos. The insights and relevance discovered from these data sets are further refined by machine learning techniques.

The large enterprises' segment is projected to hold the largest market share during the forecast period

By organization size, the market is divided into large enterprises and small & medium enterprises. Large Enterprises invest heavily in advance technologies with an intent to enhance their productivity and efficiency. With the rising volume of data extracting exact information is a challenging task for businesses. The insight engines offers intelligent search that assists in extracting valuable insights from the data that is present across all organizations. During the forecast period, the large enterprises is anticipated to hold the largest market share.

The search and discovery segment is projected to hold the largest market share during the forecast period

Insight engines are an evolution of search technologies that offer proactive and on-demand knowledge discovery and exploration with the use of semantic and machine learning technologies. To make sure that a wide range of information is easily discoverable, they often develop a new index by crawling, indexing, and mining both internal and external data sources as well as organised and unstructured content. During the forecast period the search and discovery segment in anticipated to hold the largest share.

Among technologies, the machine learning segment is anticipated to grow at a highest CAGR during the forecast period

For more intuitive, personalized, and pertinent digital experiences, insight engines integrate machine learning, rich usage analytics, and AI-powered search capabilities. Machine Learning technology is extensively use to analysis the user behaviour and creation of relevance models that automatically learn and advance as the data, content, and user activities develop and change. The technology helps in two ways: by enhancing the search engine's general capabilities, ensuring that the user sees appropriate results based on their search queries, and by understanding the intent behind the user's search queries. During the forecast period the machine learning segment is anticipated to grow at a highest CAGR.

North America to account for the largest market size during the forecast period

During the forecast period, North America is estimated to account for the largest size of the market for insight engines. The region has been extremely open toward adopting new and innovative technologies and is expected to provide market growth opportunities to insight engine vendors. The presence of a robust innovation ecosystem that is supported by strategic investments in advanced technologies across the region drives the growth of the market. The presence of various global players and rising application of insight engines across various business verticals are fueling the adoption of insight engines solution in this region.

Breakdown of Primaries

In-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, system integrators, and executives from various key organizations operating in the insight engines market.

  • By Company: Tier I: 35%, Tier II: 45%, and Tier III: 20%
  • By Designation: C-Level Executives: 35%, Directors: 25%, and Others: 40%
  • By Region: APAC: 30%, Europe: 20%, North America: 40%, MEA: 5%, and Latin America: 5%

The report includes the study of key players offering insight engines solutions and services. It profiles major vendors in the global market. The major vendors Microsoft (US), IBM (US), OpenText (Canada), SAP (Germany), Oracle (US), Elastic (US), Expert.ai (Italy), Almawave (Italy), Mindbreeze (Austria), Squirro (Switzerland), Sinequa (France), Coveo (Canada), Lucidworks (US), SearchBlox (US), Attivio (US), o9 Solutions (US), Celonis (US), Squiz (Australia), IntraFind (Germany), Fletch (US), Veritone (US), Progress (US), Upland Software (US), ForwardLane (US), Tecnotree (Finland), Comintelli (Sweden), Activeviam (US), Dun & Bradstreet (US), Prevedere (US), Stravito (Sweden), xFind (Israel), Turing Labs (US), Rampfy (Brazil), Raffle.ai (Denmark), Pecan AI (Israel), Omnisearch (Canada), and Fosfor (India).

Research Coverage

The market study covers insight engines across segments. It aims at estimating the market size and the growth potential across different segments, such as offering, application, technology, deployment mode, organization size, vertical, and region. It includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report

The report would provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market for insight engines and its subsegments. It would help stakeholders understand the competitive landscape and gain more insights better to position their business and plan suitable go-to-market strategies. It also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (increasing use of unstructured data, growing adoption of insight engines solutions in BFSI sector, demand for enhanced and more effective strategic risk management, and growing demand for advanced search and natural access to in-depth analysis), restraints (data quality and source validation issues), opportunities (growing data volumes and sophisticated algorithms raising adoption of AI technologies for data insights, growing adoption of cutting edge technologies to offer predictive insights for businesses, and rising adoption of data driven decision making to enhance customer experience), and challenges (data security and privacy concerns, and lack of trained and skill personnel) influencing the growth of the insight engines market
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the insight engines market
  • Market Development: Comprehensive information about lucrative markets - the report analyses insight engines market across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in insight engines market strategies; the report also helps stakeholders understand the pulse of the insight engines market and provides them with information on key market drivers, restraints, challenges, and opportunities.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players such as IBM (US), Microsoft (US), Elastic (US), and Coveo (Canada), among others in the insight engines market.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.3.3 Years Considered
1.4 Currency Considered
1.5 Stakeholders
1.6 Summary of Changes
1.7 Impact of Recession

2 Research Methodology
2.1 Research Data
Figure 1 Insight Engines Market: Research Design
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 List of Key Primary Interview Participants
2.1.2.2 Breakup of Primary Profiles
2.1.2.3 Key Industry Insights
2.2 Market Breakup and Data Triangulation
Figure 2 Data Triangulation
2.3 Market Size Estimation
Figure 3 Market: Top-Down and Bottom-Up Approaches
2.3.1 Top-Down Approach
2.3.2 Bottom-Up Approach
Figure 4 Market Size Estimation Methodology - Approach 1 (Supply-Side): Revenue from Solutions/Services of Insight Engines Market
Figure 5 Market Size Estimation Methodology - Approach 2, Bottom-Up (Supply-Side): Collective Revenue from All Solutions/Services of Market
Figure 6 Market Size Estimation Methodology - Approach 3, Bottom-Up (Supply-Side): Collective Revenue from All Solutions/Services of Market
Figure 7 Market Size Estimation Methodology - Approach 4, Bottom-Up (Demand-Side): Share of Insight Engines Through Overall Spending
2.4 Market Forecast
Table 1 Factor Analysis
2.5 Research Assumptions
2.6 Limitations
2.7 Recession Impact

3 Executive Summary
Table 2 Global Insight Engines Market Size and Growth Rate, 2018-2022 (USD Million, Y-O-Y %)
Table 3 Global Market Size and Growth Rate, 2023-2028 (USD Million, Y-O-Y %)
Figure 8 Solutions Segment to Dominate Market in 2023
Figure 9 Machine Learning Segment to Account for Larger Market Size in 2023
Figure 10 Search and Discovery Segment to Hold Largest Market Size in 2023
Figure 11 Large Enterprises Segment to Hold Larger Market Share in 2023
Figure 12 Cloud Segment to Hold Larger Market Size in 2023
Figure 13 IT and ITeS Segment to Grow at Highest CAGR During Forecast Period
Figure 14 Asia-Pacific to Grow at Highest CAGR During Forecast Period

4 Premium Insights
4.1 Attractive Opportunities in Insight Engines Market
Figure 15 Rising Demand to Embrace AI-Powered Search Experience Across BFSI and Retail and e-Commerce Sectors to Drive Market Growth
4.2 Overview of Recession in Global Market
Figure 16 Market to Witness Minor Decline in Y-O-Y Growth in 2023
4.3 Market: Top Three Applications
Figure 17 Search and Discovery Segment to Grow at Highest CAGR During Forecast Period
4.4 North America: Market, by Technology and Top Three Verticals
Figure 18 Machine Learning and IT and ITeS Segments to Hold Largest Market Shares in North America in 2023
4.5 Insight Engines Market: by Region
Figure 19 North America to Hold Largest Market Share in 2023

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
Figure 20 Drivers, Restraints, Opportunities, and Challenges: Insight Engines Market
5.2.1 Drivers
5.2.1.1 Increasing Use of Structured Data
5.2.1.2 Growing Adoption of Insight Engines Solutions in BFSI Sector
5.2.1.3 Demand for Enhanced and More Effective Strategic Risk Management
5.2.1.4 Growing Demand for Advanced Search and Natural Access to In-Depth Analysis
5.2.2 Restraints
5.2.2.1 Data Quality and Source Validation Issues
5.2.3 Opportunities
5.2.3.1 Growing Data Volumes and Sophisticated Algorithms Raising Adoption of AI Technologies for Data Insights
5.2.3.2 Growing Adoption of Cutting-Edge Technologies to Offer Predictive Insights for Businesses
5.2.3.3 Rising Adoption of Data-Driven Decision-Making to Enhance Customer Experience
5.2.4 Challenges
5.2.4.1 Data Security and Privacy Concerns
5.2.4.2 Lack of Trained and Skilled Personnel
5.3 Brief History of Insight Engines Technology
Figure 21 History: Insight Engines Market
5.4 Market: Ecosystem
Table 4 Market: Ecosystem
5.5 Supply Chain Analysis
Figure 22 Supply Chain Analysis: Market
5.6 Case Study Analysis
5.6.1 Healthcare and Life Sciences
5.6.1.1 Coveo Enabled Life Extension to Provide Relevant and Personalized Experience to Customers
5.6.2 Banking, Financial Services, and Insurance
5.6.2.1 Bank of England Intended to Drive Innovation with Squirro Cognitive Search
5.6.2.2 Plexus Law Selected Expert.AI to Deliver Better User Experience with Improved Accuracy
5.6.3 Retail and e-Commerce
5.6.3.1 Lucidworks Enabled Goop to Streamline Its Merchandising Control Over Its Search Engine
5.6.4 Telecom
5.6.4.1 Comintelli Provided Vodafoneziggo Central Place Where Knowledge and Insights Can be Shared Easily Across Departments
5.6.5 Energy & Utility
5.6.5.1 Mindbreeze Helped Leading Energy Companies Reduce Ticket Processing Time and Save Countless Hours
5.6.6 Education
5.6.6.1 Squiz Enabled University of North Dakota to Deliver Relevant Information for Each Query
5.7 Technology Analysis
5.7.1 Insight Engines and Artificial Intelligence
5.7.2 Insight Engines and Natural Language Processing
5.7.3 Insight Engines and Machine Learning
5.7.4 Insight Engines and Data Integration
5.8 Porter's Five Forces Analysis
Figure 23 Insight Engines Market: Porter's Five Forces Analysis
Table 5 Market: Porter's Five Forces Analysis
5.8.1 Threat of New Entrants
5.8.2 Threat of Substitutes
5.8.3 Bargaining Power of Suppliers
5.8.4 Bargaining Power of Buyers
5.8.5 Intensity of Competitive Rivalry
5.9 Regulatory Landscape
5.9.1 Health Insurance Portability and Accountability Act
5.9.2 General Data Protection Regulation
5.9.3 Gramm-Leach-Bliley Act
5.9.4 The International Organization for Standardization Standard 27001
5.9.5 Health Level Seven International
5.9.6 Communications Decency Act
5.10 Pricing Model Analysis
5.10.1 Indicative Pricing Analysis by Various Pricing Models
Table 6 Average Selling Pricing Analysis, 2023
5.11 Patent Analysis
5.11.1 Methodology
5.11.2 Document Type
Table 7 Patents Filed, 2013-2022
5.11.3 Innovation and Patent Applications
Figure 24 Total Number of Patents Granted, 2013-2022
5.11.4 Top Applicants
Figure 25 Top Ten Companies with Highest Number of Patent Applications in Last Ten Years, 2013-2022
Table 8 Top Twenty Patent Owners in Insight Engines Market, 2013-2022
5.12 Tariff and Regulatory Landscape
5.12.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 9 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 10 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 11 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 12 Middle East & Africa: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 13 Latin America: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.13 Trends/Disruptions Impacting Buyers of Market
Figure 26 Market: Trends/Disruptions Impacting Buyers
5.14 Types of Insight Engines
5.15 Benefits of Insight Engines
5.16 Key Conferences and Events, 2023-2024
Table 14 Market: Detailed List of Conferences and Events, 2023-2024
5.17 Assessment by Insight Engines’ Variables
5.17.1 Architecture
5.17.2 Connectivity
5.17.3 Intelligence
5.17.4 Security
5.17.5 Content Processing
5.17.6 Customization
5.18 Assessment by Insight Type
5.18.1 Descriptive
5.18.2 Predictive
5.18.3 Prescriptive
5.19 Current & Emerging Business Models
5.20 Future Direction Insight Engines Market Landscape
5.21 Key Stakeholders & Buying Criteria
5.21.1 Key Stakeholders in Buying Process
Figure 27 Influence of Stakeholders on Buying Process for Top Three Applications
Table 15 Influence of Stakeholders on Buying Process for Top Three Applications
5.21.2 Buying Criteria
Figure 28 Key Buying Criteria for Top Three Applications
Table 16 Key Buying Criteria for Top Three Applications
5.22 Assessment by Search Type
5.22.1 Internal Search
5.22.2 External Search

6 Insight Engines Market, by Offering
6.1 Introduction
6.1.1 Offering: Market Drivers
Figure 29 Solutions Segment to Register Higher CAGR During Forecast Period
Table 17 Market, by Offering, 2018-2022 (USD Million)
Table 18 Market, by Offering, 2023-2028 (USD Million)
6.2 Solutions
6.2.1 Enhanced Business Operations and Operational Effectiveness to Drive Demand for Solutions
Table 19 Solutions: Market, by Region, 2018-2022 (USD Million)
Table 20 Solutions: Market, by Region, 2023-2028 (USD Million)
6.3 Services
Figure 30 Support and Maintenance Segment to Register Highest CAGR During Forecast Period
Table 21 Services: Insight Engines Market, by Type, 2018-2022 (USD Million)
Table 22 Services: Market, by Type, 2023-2028 (USD Million)
Table 23 Services: Market, by Region, 2018-2022 (USD Million)
Table 24 Services: Market, by Region, 2023-2028 (USD Million)
6.3.1 Consulting and Training
6.3.1.1 Growing Need from Organizations to Comply with Various Labor Laws and Regulations to Drive Demand
Table 25 Consulting and Training: Market, by Region, 2018-2022 (USD Million)
Table 26 Consulting and Training: Market, by Region, 2023-2028 (USD Million)
6.3.2 Deployment and Integration
6.3.2.1 Lack of Integral Requirements to Implement Insight Engines and Need for Proficient Solutions to Drive Demand
Table 27 Deployment and Integration: Market, by Region, 2018-2022 (USD Million)
Table 28 Deployment and Integration: Market, by Region, 2023-2028 (USD Million)
6.3.3 Support and Maintenance
6.3.3.1 Increasing Deployment of Insight Engines Solutions to Drive Demand for Support and Maintenance Services
Table 29 Support and Maintenance: Market, by Region, 2018-2022 (USD Million)
Table 30 Support and Maintenance: Market, by Region, 2023-2028 (USD Million)

7 Insight Engines Market, by Application
7.1 Introduction
7.1.1 Application: Market Drivers
Figure 31 Search and Discovery Segment to Grow at Highest CAGR During Forecast Period
Table 31 Market, by Application, 2018-2022 (USD Million)
Table 32 Market, by Application, 2023-2028 (USD Million)
7.2 Risk and Compliance Management
7.2.1 Need to Enhance Business Performance, Manage Risks, and Meet Regulatory Compliance Challenges to Drive Demand
Table 33 Risk and Compliance Management: Market, by Region, 2018-2022 (USD Million)
Table 34 Risk and Compliance Management: Market, by Region, 2023-2028 (USD Million)
7.3 Search and Discovery
7.3.1 Rising Need for Advanced Search and Access to In-Depth Insights to Drive Demand for Insight Engine Solutions
Table 35 Search and Discovery: Market, by Region, 2018-2022 (USD Million)
Table 36 Search and Discovery: Market, by Region, 2023-2028 (USD Million)
7.4 Customer Management
7.4.1 Increased Need for Understanding Customer Behavior and Smart Customer Support to Drive Demand
Table 37 Customer Management: Market, by Region, 2018-2022 (USD Million)
Table 38 Customer Management: Market, by Region, 2023-2028 (USD Million)
7.5 Knowledge Management
7.5.1 Rising Need to Gain Insights to Make Smart and Informed Decisions to Boost Market
Table 39 Knowledge Management: Market, by Region, 2018-2022 (USD Million)
Table 40 Knowledge Management: Market, by Region, 2023-2028 (USD Million)
7.6 Other Applications
Table 41 Other Applications: Market, by Region, 2018-2022 (USD Million)
Table 42 Other Applications: Market, by Region, 2023-2028 (USD Million)

8 Insight Engines Market, by Technology
8.1 Introduction
8.2 Technology: Market Drivers
Figure 32 Machine Learning Segment to Hold Higher Growth Rate During Forecast Period
Table 43 Market, by Technology, 2018-2022 (USD Million)
Table 44 Market, by Technology, 2023-2028 (USD Million)
8.3 Natural Language Processing
8.3.1 Need to Comprehend Human Voices and Evaluate Languages and Data Sets to Drive Demand
Table 45 Natural Language Processing: Market, by Region, 2018-2022 (USD Million)
Table 46 Natural Language Processing: Market, by Region, 2023-2028 (USD Million)
8.3.1.1 Semantic Analysis
8.3.1.2 Syntactic Analysis
8.4 Machine Learning
8.4.1 Rising Need to Analyze User Behavior and Identify Relevance in Search Results to Drive Demand
Table 47 Machine Learning: Market, by Region, 2018-2022 (USD Million)
Table 48 Machine Learning: Market, by Region, 2023-2028 (USD Million)
8.4.1.1 Graph Database
8.4.1.2 Collaborative Filtering
8.4.1.3 Clustering

9 Insight Engines Market, by Deployment Mode
9.1 Introduction
9.1.1 Deployment Mode: Market Drivers
Figure 33 Cloud Deployment Mode to Witness Higher CAGR During Forecast Period
Table 49 Market, by Deployment Mode, 2018-2022 (USD Million)
Table 50 Market, by Deployment Mode, 2023-2028 (USD Million)
9.2 On-Premises
9.2.1 Reliability for High-Level Control and Security, Data Protection, and Analysis Improvement to Boost Demand
Table 51 On-Premises: Market, by Region, 2018-2022 (USD Million)
Table 52 On-Premises: Market, by Region, 2023-2028 (USD Million)
9.3 Cloud
9.3.1 Low Deployment Cost and Easy Upgradability and Accessibility to Drive Demand
Table 53 Cloud: Market, by Region, 2018-2022 (USD Million)
Table 54 Cloud: Market, by Region, 2023-2028 (USD Million)

10 Insight Engines Market, by Organization Size
10.1 Introduction
10.1.1 Organization Size: Market Drivers
Figure 34 Small and Medium-Sized Enterprises Segment to Witness Higher CAGR During Forecast Period
Table 55 Market, by Organization Size, 2018-2022 (USD Million)
Table 56 Market, by Organization Size, 2023-2028 (USD Million)
10.2 Small and Medium-Sized Enterprises
10.2.1 Intense Competition to Improve Strategic Business Decisions to Drive Demand for Insight Engines Solutions
Table 57 Small and Medium-Sized Enterprises: Market, by Region, 2018-2022 (USD Million)
Table 58 Small and Medium-Sized Enterprises: Market, by Region, 2023-2028 (USD Million)
10.3 Large Enterprises
10.3.1 Intelligent Search for Extracting Valuable Insights to Drive Demand for Insight Engines Solutions
Table 59 Large Enterprises: Market, by Region, 2018-2022 (USD Million)
Table 60 Large Enterprises: Market, by Region, 2023-2028 (USD Million)

11 Insight Engines Market, by Vertical
11.1 Introduction
11.1.1 Vertical: Market Drivers
Figure 35 IT and ITeS Vertical to Grow at Highest Growth Rate During Forecast Period
Table 61 Market, by Vertical, 2018-2022 (USD Million)
Table 62 Market, by Vertical, 2023-2028 (USD Million)
11.2 Banking, Financial Services, and Insurance
11.2.1 Need to Optimize Financial Data Reporting, Risk Assessments, and Fraud Detection to Drive Market
Table 63 Banking, Financial Services, and Insurance: Market, by Region, 2018-2022 (USD Million)
Table 64 Banking, Financial Services, and Insurance: Market, by Region, 2023-2028 (USD Million)
11.3 IT and ITeS
11.3.1 Requirements to Improve Efficiency, Facilitate Innovation, and Maintain Regulatory Compliance to Drive Market
Table 65 IT and ITeS: Market, by Region, 2018-2022 (USD Million)
Table 66 IT and ITeS: Market, by Region, 2023-2028 (USD Million)
11.4 Retail and e-Commerce
11.4.1 Need to Understand Target Markets, Detect Fraud and Theft, and Enhance Customer Experience to Boost Market
Table 67 Retail and e-Commerce: Market, by Region, 2018-2022 (USD Million)
Table 68 Retail and e-Commerce: Market, by Region, 2023-2028 (USD Million)
11.5 Healthcare and Life Sciences
11.5.1 Rising Focus on Improving Patient Management and Experience to Drive Demand for Insight Engine Solutions
Table 69 Healthcare and Life Sciences: Insight Engines Market, by Region, 2018-2022 (USD Million)
Table 70 Healthcare and Life Sciences: Market, by Region, 2023-2028 (USD Million)
11.6 Telecom
11.6.1 Need to Automate Network Operations and Maximize Network Profitability to Propel Market
Table 71 Telecom: Market, by Region, 2018-2022 (USD Million)
Table 72 Telecom: Market, by Region, 2023-2028 (USD Million)
11.7 Manufacturing
11.7.1 Ability to Predict Global Supply Chain Costs and Consumer Demand to Drive Market
Table 73 Manufacturing: Market, by Region, 2018-2022 (USD Million)
Table 74 Manufacturing: Market, by Region, 2023-2028 (USD Million)
11.8 Government
11.8.1 Requirement for Understanding Constituent Needs and Improving Customer Service to Boost Market
Table 75 Government: Market, by Region, 2018-2022 (USD Million)
Table 76 Government: Market, by Region, 2023-2028 (USD Million)
11.9 Other Verticals
Table 77 Other Verticals: Market, by Region, 2018-2022 (USD Million)
Table 78 Other Verticals: Market, by Region, 2023-2028 (USD Million)

12 Insight Engines Market, by Region
12.1 Introduction
Figure 36 Asia-Pacific to Grow at Highest CAGR During Forecast Period
Figure 37 India to Grow at Highest CAGR During Forecast Period
Table 79 Market, by Region, 2018-2022 (USD Million)
Table 80 Market, by Region, 2023-2028 (USD Million)
12.2 North America
12.2.1 North America: Market Drivers
12.2.2 North America: Recession Impact
Figure 38 North America: Insight Engines Market Snapshot
Table 81 North America: Market, by Offering, 2018-2022 (USD Million)
Table 82 North America: Market, by Offering, 2023-2028 (USD Million)
Table 83 North America: Market, by Service, 2018-2022 (USD Million)
Table 84 North America: Market, by Service, 2023-2028 (USD Million)
Table 85 North America: Market, by Technology, 2018-2022 (USD Million)
Table 86 North America: Market, by Technology, 2023-2028 (USD Million)
Table 87 North America: Market, by Deployment Mode, 2018-2022 (USD Million)
Table 88 North America: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 89 North America: Market, by Organization Size, 2018-2022 (USD Million)
Table 90 North America: Market, by Organization Size, 2023-2028 (USD Million)
Table 91 North America: Market, by Application, 2018-2022 (USD Million)
Table 92 North America: Market, by Application, 2023-2028 (USD Million)
Table 93 North America: Market, by Vertical, 2018-2022 (USD Million)
Table 94 North America: Market, by Vertical, 2023-2028 (USD Million)
Table 95 North America: Market, by Country, 2018-2022 (USD Million)
Table 96 North America: Market, by Country, 2023-2028 (USD Million)
12.2.3 US
12.2.3.1 Need for Fast Access to Documents and Data to Drive Demand for Insight Engines Solutions and Services
12.2.4 Canada
12.2.4.1 Strong Startup Ecosystem and Focus of Businesses on Data-Driven Decision-Making to Drive Market
12.3 Europe
12.3.1 Europe: Market Drivers
12.3.2 Europe: Recession Impact
Table 97 Europe: Insight Engines Market, by Offering, 2018-2022 (USD Million)
Table 98 Europe: Market, by Offering, 2023-2028 (USD Million)
Table 99 Europe: Market, by Service, 2018-2022 (USD Million)
Table 100 Europe: Market, by Service, 2023-2028 (USD Million)
Table 101 Europe: Market, by Technology, 2018-2022 (USD Million)
Table 102 Europe: Market, by Technology, 2023-2028 (USD Million)
Table 103 Europe: Market, by Deployment Mode, 2018-2022 (USD Million)
Table 104 Europe: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 105 Europe: Market, by Organization Size, 2018-2022 (USD Million)
Table 106 Europe: Market, by Organization Size, 2023-2028 (USD Million)
Table 107 Europe: Market, by Application, 2018-2022 (USD Million)
Table 108 Europe: Market, by Application, 2023-2028 (USD Million)
Table 109 Europe: Market, by Vertical, 2018-2022 (USD Million)
Table 110 Europe: Market, by Vertical, 2023-2028 (USD Million)
Table 111 Europe: Market, by Country, 2018-2022 (USD Million)
Table 112 Europe: Market, by Country, 2023-2028 (USD Million)
12.3.3 UK
12.3.3.1 Continued Transition Toward Online Services due to Relative Ease and Speedy Growth to Boost Market
12.3.4 Germany
12.3.4.1 Rapid Adoption of Cutting-Edge Solutions for Maintaining Competitive Business Environment to Propel Market
12.3.5 France
12.3.5.1 Significant Potential for Al and Increasing Funding to Drive Adoption of Insight Engines Solutions
12.3.6 Italy
12.3.6.1 Growing Adoption of Insight Engine Solutions in Healthcare and Life Sciences to Boost Market
12.3.7 Spain
12.3.7.1 Need for Growing Volume of Data from Various Sources and More Personalized Experience to Drive Market
12.3.8 Rest of Europe
12.4 Asia-Pacific
12.4.1 Asia-Pacific: Market Drivers
12.4.2 Asia-Pacific: Recession Impact
Figure 39 Asia-Pacific: Insight Engines Market Snapshot
Table 113 Asia-Pacific: Market, by Offering, 2018-2022 (USD Million)
Table 114 Asia-Pacific: Market, by Offering, 2023-2028 (USD Million)
Table 115 Asia-Pacific: Market, by Service, 2018-2022 (USD Million)
Table 116 Asia-Pacific: Market, by Service, 2023-2028 (USD Million)
Table 117 Asia-Pacific: Market, by Technology, 2018-2022 (USD Million)
Table 118 Asia-Pacific: Market, by Technology, 2023-2028 (USD Million)
Table 119 Asia-Pacific: Market, by Deployment Mode, 2018-2022 (USD Million)
Table 120 Asia-Pacific: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 121 Asia-Pacific: Market, by Organization Size, 2018-2022 (USD Million)
Table 122 Asia-Pacific: Market, by Organization Size, 2023-2028 (USD Million)
Table 123 Asia-Pacific: Market, by Application, 2018-2022 (USD Million)
Table 124 Asia-Pacific: Market, by Application, 2023-2028 (USD Million)
Table 125 Asia-Pacific: Market, by Vertical, 2018-2022 (USD Million)
Table 126 Asia-Pacific: Market, by Vertical, 2023-2028 (USD Million)
Table 127 Asia-Pacific: Market, by Country, 2018-2022 (USD Million)
Table 128 Asia-Pacific: Market, by Country, 2023-2028 (USD Million)
12.4.3 India
12.4.3.1 Growing Adoption of Technologies and Expanding Economy to Drive Demand for Insight Engines Solutions
12.4.4 Japan
12.4.4.1 Ability to Generate Insights from Large Volumes of Data Through Various Sources to Drive Market Growth
12.4.5 China
12.4.5.1 Government's Efforts for R&D Activities and Investments from Foreign Enterprises to Drive Market
12.4.6 South Korea
12.4.6.1 Government Initiatives to Facilitate Digital Economy to Drive Market
12.4.7 Rest of Asia-Pacific
12.5 Middle East & Africa
12.5.1 Middle East & Africa: Market Drivers
12.5.2 Middle East & Africa: Recession Impact
Table 129 Middle East & Africa: Insight Engines Market, by Offering, 2018-2022 (USD Million)
Table 130 Middle East & Africa: Market, by Offering, 2023-2028 (USD Million)
Table 131 Middle East & Africa: Market, by Service, 2018-2022 (USD Million)
Table 132 Middle East & Africa: Market, by Service, 2023-2028 (USD Million)
Table 133 Middle East & Africa: Market, by Technology, 2018-2022 (USD Million)
Table 134 Middle East & Africa: Market, by Technology, 2023-2028 (USD Million)
Table 135 Middle East & Africa: Market, by Deployment Mode, 2018-2022 (USD Million)
Table 136 Middle East & Africa: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 137 Middle East & Africa: Market, by Organization Size, 2018-2022 (USD Million)
Table 138 Middle East & Africa: Market, by Organization Size, 2023-2028 (USD Million)
Table 139 Middle East & Africa: Market, by Application, 2018-2022 (USD Million)
Table 140 Middle East & Africa: Market, by Application, 2023-2028 (USD Million)
Table 141 Middle East & Africa: Market, by Vertical, 2018-2022 (USD Million)
Table 142 Middle East & Africa: Market, by Vertical, 2023-2028 (USD Million)
Table 143 Middle East & Africa: Market, by Country, 2018-2022 (USD Million)
Table 144 Middle East & Africa: Market, by Country, 2023-2028 (USD Million)
12.5.3 Saudi Arabia
12.5.3.1 Government Initiatives to Build Country's Digital Capabilities and Infrastructure to Drive Demand for Insight Engines Solutions
12.5.4 UAE
12.5.4.1 Ability to Embrace Cutting-Edge Technologies to Drive Adoption of Insight Engines Solutions
12.5.5 South Africa
12.5.5.1 Extraction of Insights for Identifying Patterns from Massive Data Sets to Drive Adoption of Insight Engines Solutions
12.5.6 Israel
12.5.6.1 Ability to Create Valuable Customer Experience to Drive Demand for Insight Engines Solutions
12.5.7 Rest of Middle East & Africa
12.6 Latin America
12.6.1 Latin America: Market Drivers
12.6.2 Latin America: Recession Impact
Table 145 Latin America: Insight Engines Market, by Offering, 2018-2022 (USD Million)
Table 146 Latin America: Market, by Offering, 2023-2028 (USD Million)
Table 147 Latin America: Market, by Service, 2018-2022 (USD Million)
Table 148 Latin America: Market, by Service, 2023-2028 (USD Million)
Table 149 Latin America: Market, by Technology, 2018-2022 (USD Million)
Table 150 Latin America: Market, by Technology, 2023-2028 (USD Million)
Table 151 Latin America: Market, by Deployment Mode, 2018-2022 (USD Million)
Table 152 Latin America: Market, by Deployment Mode, 2023-2028 (USD Million)
Table 153 Latin America: Market, by Organization Size, 2018-2022 (USD Million)
Table 154 Latin America: Market, by Organization Size, 2023-2028 (USD Million)
Table 155 Latin America: Market, by Application, 2018-2022 (USD Million)
Table 156 Latin America: Market, by Application, 2023-2028 (USD Million)
Table 157 Latin America: Market, by Vertical, 2018-2022 (USD Million)
Table 158 Latin America: Market, by Vertical, 2023-2028 (USD Million)
Table 159 Latin America: Market, by Country, 2018-2022 (USD Million)
Table 160 Latin America: Market, by Country, 2023-2028 (USD Million)
12.6.3 Brazil
12.6.3.1 Investments by Startups in Cutting-Edge Technologies to Fuel Demand for Insight Engines Solutions
12.6.4 Mexico
12.6.4.1 Rising Support for Implementing High-Performance Insight Engines and Analytics Technologies to Drive Market
12.6.5 Argentina
12.6.5.1 Increasing Application of Insight Engines Solutions in Various Industry Verticals to Spur Market Growth
12.6.6 Rest of Latin America

13 Competitive Landscape
13.1 Overview
13.2 Strategies Adopted by Key Players
Table 161 Overview of Strategies Adopted by Key Insight Engines Vendors
13.3 Revenue Analysis
13.3.1 Historical Revenue Analysis
Figure 40 Historical Revenue Analysis of Top Players, 2020-2022 (USD Million)
13.4 Market Share Analysis
Figure 41 Insight Engines Market Share Analysis for Key Companies, 2022
Table 162 Market: Degree of Competition
13.5 Product Comparison
Table 163 Comparative Analysis of Insight Engines Products
13.5.1 SAP Analytics Cloud
13.5.2 Elasticsearch
13.5.3 Lucidworks Fusion
13.5.4 Squirro Insight Engines
13.5.5 Mindbreeze Inspire
13.6 Company Evaluation Quadrant
13.6.1 Stars
13.6.2 Emerging Leaders
13.6.3 Pervasive Players
13.6.4 Participants
Figure 42 Key Market Players, Company Evaluation Quadrant, 2022
13.6.5 Competitive Benchmarking
Table 164 Market: Product Footprint Analysis of Key Players, 2022
13.7 Startup/SME Evaluation Quadrant
13.7.1 Progressive Companies
13.7.2 Responsive Companies
13.7.3 Dynamic Companies
13.7.4 Starting Blocks
Figure 43 Startups/SMEs Insight Engines Players, Company Evaluation Quadrant, 2022
13.7.5 Startups/SMEs Competitive Benchmarking
Table 165 Market: Detailed List of Key Startups/SMEs
Table 166 Insight Engines Market: Product Footprint Analysis of Startups/ SMEs Players, 2023
13.8 Competitive Scenario and Trends
13.8.1 Product Launches
Table 167 Service/Product Launches, 2020-2023
13.8.2 Deals
Table 168 Deals, 2020-2023

14 Company Profiles
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, Weakness/Competitive Threats)*
14.1 Introduction
14.2 Major Players
14.2.1 Microsoft
Table 169 Microsoft: Business Overview
Figure 44 Microsoft: Company Snapshot
Table 170 Microsoft: Products/Solutions/Services Offered
Table 171 Microsoft: Product Launches and Enhancements
Table 172 Microsoft: Deals
14.2.2 IBM
Table 173 IBM: Business Overview
Figure 45 IBM: Company Snapshot
Table 174 IBM: Products/Solutions/Services Offered
Table 175 IBM: Product Launches and Enhancements
Table 176 IBM: Deals
14.2.3 Oracle
Table 177 Oracle: Business Overview
Figure 46 Oracle: Company Snapshot
Table 178 Oracle: Products/Solutions/Services Offered
14.2.4 SAP
Table 179 SAP: Business Overview
Figure 47 SAP: Company Snapshot
Table 180 SAP: Products/Solutions/Services Offered
Table 181 SAP: Product Launches and Enhancements
Table 182 SAP: Deals
14.2.5 Opentext
Table 183 Opentext: Business Overview
Figure 48 Opentext: Company Snapshot
Table 184 Opentext: Products/Solutions/Services Offered
Table 185 Opentext: Product Launches and Enhancements
Table 186 Opentext: Deals
14.2.6 Elastic
Table 187 Elastic: Business Overview
Figure 49 Elastic: Company Snapshot
Table 188 Elastic: Products/Solutions/Services Offered
Table 189 Elastic: Product Launches and Enhancements
Table 190 Elastic: Deals
14.2.7 Expert.AI
Table 191 Expert.AI: Business Overview
Figure 50 Expert.AI: Company Snapshot
Table 192 Expert.AI: Products/Solutions/Services Offered
Table 193 Expert.AI: Product Launches and Enhancements
Table 194 Expert.AI: Deals
14.2.8 Almawave
Table 195 Almawave: Business Overview
Figure 51 Almawave: Company Snapshot
Table 196 Almawave: Products/Solutions/Services Offered
Table 197 Almawave: Product Launches and Enhancements
Table 198 Almawave: Deals
14.2.9 Mindbreeze
Table 199 Mindbreeze: Business Overview
Table 200 Mindbreeze: Products/Solutions/Services Offered
Table 201 Mindbreeze: Product Launches and Enhancements
Table 202 Mindbreeze: Deals
14.2.10 Squirro
Table 203 Squirro: Business Overview
Table 204 Squirro: Products/Solutions/Services Offered
Table 205 Squirro: Product Launches and Enhancements
Table 206 Squirro: Deals
14.2.11 Sinequa
Table 207 Sinequa: Business Overview
Table 208 Sinequa: Products/Solutions/Services Offered
Table 209 Sinequa: Product Launches and Enhancements
Table 210 Sinequa: Deals
14.2.12 Coveo
Table 211 Coveo: Business Overview
Figure 52 Coveo: Company Snapshot
Table 212 Coveo: Products/Solutions/Services Offered
Table 213 Coveo: Product Launches and Enhancements
Table 214 Coveo: Deals
14.2.13 Lucidworks
Table 215 Lucidworks: Business Overview
Table 216 Lucidworks: Products/Solutions/Services Offered
Table 217 Lucidworks: Product Launches and Enhancements
Table 218 Lucidworks: Deals
14.2.14 Searchblox
Table 219 Searchblox: Business Overview
Table 220 Searchblox: Products/Solutions/Services Offered
Table 221 Searchblox: Product Launches and Enhancements
14.2.15 Attivio
Table 222 Attivio: Business Overview
Table 223 Attivio: Products/Solutions/Services Offered
Table 224 Attivio: Deals
14.3 Other Key Players
14.3.1 O9 Solutions
14.3.2 Celonis
14.3.3 Squiz
14.3.4 Intrafind
14.3.5 Fletch
14.3.6 Veritone
14.3.7 Progress
14.3.8 Upland Software
14.3.9 Forwardlane
14.3.10 Tecnotree
14.3.11 Comintelli
14.3.12 Activeviam
14.3.13 Dun & Bradstreet
14.3.14 Prevedere
14.3.15 Stravito
14.3.16 Xfind
14.3.17 Turing Labs
14.3.18 Rampfy
14.3.19 Raffle.AI
14.3.20 Pecan AI
14.3.21 Omnisearch
14.3.22 Fosfor
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, Weakness/Competitive Threats)* Might Not be Captured in Case of Unlisted Companies

15 Adjacent and Related Markets
15.1 Introduction
15.2 Advanced Analytics Market - Global Forecast to 2026
15.2.1 Market Definition
15.2.2 Market Overview
15.2.3 Advanced Analytics Market, by Component
Table 225 Advanced Analytics Market, by Component, 2016-2020 (USD Million)
Table 226 Advanced Analytics Market, by Component, 2021-2026 (USD Million)
15.2.4 Advanced Analytics Market, by Business Function
Table 227 Advanced Analytics Market, by Business Function, 2016-2020 (USD Million)
Table 228 Advanced Analytics Market, by Business Function, 2021-2026 (USD Million)
15.2.5 Advanced Analytics Market, by Type
Table 229 Advanced Analytics Market, by Type, 2016-2020 (USD Million)
Table 230 Advanced Analytics Market, by Type, 2021-2026 (USD Million)
15.2.6 Advanced Analytics Market, by Deployment Mode
Table 231 Advanced Analytics Market, by Deployment Mode, 2016-2020 (USD Million)
Table 232 Advanced Analytics Market, by Deployment Mode, 2021-2026 (USD Million)
15.2.7 Advanced Analytics Market, by Organization Size
Table 233 Advanced Analytics Market, by Organization Size, 2016-2020 (USD Million)
Table 234 Advanced Analytics Market, by Organization Size, 2021-2026 (USD Million)
15.2.8 Advanced Analytics Market, by Vertical
Table 235 Advanced Analytics Market, by Vertical, 2016-2020 (USD Million)
Table 236 Advanced Analytics Market, by Vertical, 2021-2026 (USD Million)
15.2.9 Advanced Analytics Market, by Region
Table 237 Advanced Analytics Market, by Region, 2016-2020 (USD Million)
Table 238 Advanced Analytics Market, by Region, 2021-2026 (USD Million)
15.3 Data Discovery Market - Global Forecast to 2025
15.3.1 Market Definition
15.3.2 Market Overview
15.3.3 Data Discovery Market, by Component
Table 239 Data Discovery Market, by Component, 2014-2019 (USD Million)
Table 240 Data Discovery Market, by Component, 2019-2025 (USD Million)
Table 241 Data Discovery Market, by Service, 2014-2019 (USD Million)
Table 242 Data Discovery Market, by Service, 2019-2025 (USD Million)
Table 243 Professional Services: Data Discovery Market, by Type, 2014-2019 (USD Million)
Table 244 Professional Services: Data Discovery Market, by Type, 2019-2025 (USD Million)
15.3.4 Data Discovery Market, by Organization Size
Table 245 Data Discovery Market, by Organization Size, 2014-2019 (USD Million)
Table 246 Data Discovery Market, by Organization Size, 2019-2025 (USD Million)
15.3.5 Data Discovery Market, by Deployment Mode
Table 247 Data Discovery Market, by Deployment Mode, 2014-2019 (USD Million)
Table 248 Data Discovery Market, by Deployment Mode, 2019-2025 (USD Million)
Table 249 Cloud: Data Discovery Market, by Type, 2014-2019 (USD Million)
Table 250 Cloud: Data Discovery Market, by Type, 2019-2025 (USD Million)
15.3.6 Data Discovery Market, by Functionality
Table 251 Data Discovery Market, by Functionality, 2014-2019 (USD Million)
Table 252 Data Discovery Market, by Functionality, 2019-2025 (USD Million)
15.3.7 Data Discovery Market, by Application
Table 253 Data Discovery Market, by Application, 2014-2019 (USD Million)
Table 254 Data Discovery Market, by Application, 2019-2025 (USD Million)
15.3.8 Data Discovery Market, by Vertical
Table 255 Data Discovery Market, by Vertical, 2014-2019 (USD Million)
Table 256 Data Discovery Market, by Vertical, 2019-2025 (USD Million)
15.3.9 Data Discovery Market, by Region
Table 257 Data Discovery Market, by Region, 2014-2019 (USD Million)
Table 258 Data Discovery Market, by Region, 2019-2025 (USD Million)

16 Appendix
16.1 Discussion Guide
16.2 Knowledgestore: The Subscription Portal
16.3 Customization Options

Executive Summary

Companies Mentioned

  • Activeviam
  • Almawave
  • Attivio
  • Bank of England
  • Celonis
  • Comintelli
  • Coveo
  • Dun & Bradstreet
  • Elastic
  • Elasticsearch
  • Expert.AI
  • Fletch
  • Forwardlane
  • Fosfor
  • Goop
  • IBM
  • Intrafind
  • Lucidworks
  • Microsoft
  • Mindbreeze
  • O9 Solutions
  • Omnisearch
  • Opentext
  • Oracle
  • Pecan AI
  • Plexus Law
  • Prevedere
  • Progress
  • Raffle.AI
  • Rampfy
  • SAP
  • Searchblox
  • Sinequa
  • Squirro
  • Squiz
  • Stravito
  • Tecnotree
  • Turing Labs
  • University of North Dakota
  • Upland Software
  • Veritone
  • Vodafoneziggo
  • Xfind

Methodology

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Table Information

Report AttributeDetails
No. of Pages281
PublishedApril 2023
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 1.7 Billion
Forecasted Market Value ( USD ) by 2028 $ 5.6 Billion
Compound Annual Growth Rate27.1%
Regions CoveredGlobal
No. of Companies Mentioned43

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About the Insight Engine Market

The Insight Engine market is a subset of the Big Data market, focusing on the development of software and services that enable organizations to gain insights from their data. Insight Engines are designed to help organizations make better decisions by providing them with the ability to quickly analyze large amounts of data and identify patterns and trends. Insight Engines can be used to identify customer preferences, optimize marketing campaigns, and improve operational efficiency. Insight Engines are typically offered as cloud-based services, allowing organizations to access the technology without having to invest in hardware or software. Companies in the Insight Engine market include Microsoft, IBM, Oracle, SAP, Salesforce, and Tableau. Show Less Read more

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