Insight Engines Market
Global Insight Engines Market Size, Share & Trends Analysis Report 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) Forecast Period 2022-2028 Update Available - Forecast 2024-2030
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.
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.
Global Insight Engines Market Share by end-user, 2021 (%)
The BFSI segment is considered the dominating segment in the global insight engines market.
Among end-user, the BFSI segment is estimated as dominating segment during the forecast period. Banks face a unique set of issues, as they negotiate an ever-changing consumer landscape and corporate expectations. The use of search technologies is at the forefront of making sense of the new financial environment. The variety of data sources for usage has evolved beyond the traditional mix. Engines can handle billions of documents in a variety of forms and connect to all of the data in real-time. While attempting to prevent game-changing phenomena such as cyber risk and disruptive innovation, insurers are increasingly confronted with a regulatory landscape. These businesses can benefit from search to stay adaptable and grow. Insight engines are also being used by banks and other financial institutions to locate and interpret customer sentiment by scanning social media and analysing discussions about their services and strategy using Natural Language Processing.
Regional Outlook
Geographically, the global insight engines market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (India, China, Japan, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). North America is projected to have a significant CAGR in the insight engines market. The growth is driven by the increase in the adoption of advanced technologies such as artificial intelligence, the growing volume of organizational data, and the rising emergence of more and more small and medium-scale organizations. However, the factors such as stringent government regulations and complexities in data synchronization coupled with insight engine tools with the existing system is a complex process that will restrain the market growth in the region.
Global Insight Engines Market Growth, by region 2022-2028
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.
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
- Market value data analysis of 2022 and forecast to 2028.
- 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.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Insight Engines Industry
• Recovery Scenario of Global Insight Engines Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Trade Analysis
2.2.3. Porter’s Analysis
2.2.4. Recommendations
2.2.5. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on key players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Insight Engines Market, By Insight Type
5.1.1. Predictive insights
5.1.2. Prescriptive insights
5.1.3. Descriptive insights
5.2. Global Insight Engines Market, By Deployment Type
5.2.1. On-premises
5.2.2. Cloud
5.3. Global Insight Engines Market, By End User
5.3.1. BFSI
5.3.2. Retail and eCommerce
5.3.3. IT and telecom
5.3.4. Healthcare
5.3.5. Others
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
6.4.1. Latin America
6.4.2. Middle East & Africa
7. Company Profiles
7.1. Comintelli
7.2. Coveo Solutions Inc.
7.3. Dassault Systems S.A.
7.4. EPAM Systems, Inc.
7.5. Expert System S.p.A.
7.6. Funnelback Pty Ltd
7.7. Google LLC
7.8. IBM Corp
7.9. IHS Markit Ltd
7.10. Insight Engines, Inc.
7.11. IntraFind Inc.
7.12. LucidWorks, Inc.
7.13. Micro Focus International plc
7.14. Microsoft Corporation
7.15. Mindbreeze GmbH
7.16. Prevedere Inc
7.17. ServiceNow, Inc.
7.18. Sinequa SAS
7.19. Veritone, Inc
1. GLOBAL INSIGHT ENGINES MARKET RESEARCH AND ANALYSIS BY INSIGHT TYPE , 2021-2028 ($ MILLION)
2. GLOBAL PREDICTIVE POINT INSIGHT ENGINES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL PRESCRIPTIVE INSIGHT ENGINES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL DESCRIPTIVE INSIGHT ENGINES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL INSIGHT ENGINES MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2021-2028 ($ MILLION)
6. GLOBAL ON-PREMISES INSIGHT ENGINES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL CLOUD BASED INSIGHT ENGINES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL INSIGHT ENGINES MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
9. GLOBAL INSIGHT ENGINES IN BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL INSIGHT ENGINES IN RETAIL AND ECOMMERCE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL INSIGHT ENGINES IN IT AND TELECOM MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL INSIGHT ENGINES IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. NORTH AMERICAN INSIGHT ENGINES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
14. NORTH AMERICAN INSIGHT ENGINES MARKET RESEARCH AND ANALYSIS BY INSIGHT TYPE, 2021-2028 ($ MILLION)
15. NORTH AMERICAN INSIGHT ENGINES MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2021-2028 ($ MILLION)
16. NORTH AMERICAN INSIGHT ENGINES MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
17. EUROPEAN INSIGHT ENGINES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. EUROPEAN INSIGHT ENGINES MARKET RESEARCH AND ANALYSIS BY INSIGHT TYPE, 2021-2028 ($ MILLION)
19. EUROPEAN INSIGHT ENGINES MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2021-2028 ($ MILLION)
20. EUROPEAN INSIGHT ENGINES MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC INSIGHT ENGINES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC INSIGHT ENGINES MARKET RESEARCH AND ANALYSIS BY INSIGHT TYPE, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC INSIGHT ENGINES MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC INSIGHT ENGINES MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
25. REST OF THE WORLD INSIGHT ENGINES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
26. REST OF THE WORLD INSIGHT ENGINES MARKET RESEARCH AND ANALYSIS BY INSIGHT TYPE, 2021-2028 ($ MILLION)
27. REST OF THE WORLD INSIGHT ENGINES MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2021-2028 ($ MILLION)
28. REST OF THE WORLD INSIGHT ENGINES MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL INSIGHT ENGINES MARKET, 2021-2028 (% MILLION)
2. IMPACT OF COVID-19 ON GLOBAL INSIGHT ENGINES MARKET BY SEGMENT, 2021-2028 (% MILLION)
3. RECOVERY OF GLOBAL INSIGHT ENGINES MARKET, 2021-2028 (%)
4. GLOBAL INSIGHT ENGINES MARKET SHARE BY INSIGHT TYPE, 2021 VS 2028 (%)
5. GLOBAL INSIGHT ENGINES MARKET SHARE BY DEPLOYMENT TYPE, 2021 VS 2028 (%)
6. GLOBAL INSIGHT ENGINES MARKET SHARE BY END-USER, 2021 VS 2028 (%)
7. GLOBAL INSIGHT ENGINES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL PREDICTIVE INSIGHT ENGINES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL PRESCRIPTIVE INSIGHT ENGINES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL DESCRIPTIVE INSIGHT ENGINES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL ON-PREMISES INSIGHT ENGINES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL CLOUD BASED INSIGHT ENGINES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL INSIGHT ENGINES IN BFSI MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL INSIGHT ENGINES IN RETAIL AND ECOMMERCE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL INSIGHT ENGINES IN IT AND TELECOM MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL INSIGHT ENGINES IN HEALTHCARE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17. US INSIGHT ENGINES MARKET SIZE, 2021-2028 ($ MILLION)
18. CANADA INSIGHT ENGINES MARKET SIZE, 2021-2028 ($ MILLION)
19. UK INSIGHT ENGINES MARKET SIZE, 2021-2028 ($ MILLION)
20. FRANCE INSIGHT ENGINES MARKET SIZE, 2021-2028 ($ MILLION)
21. GERMANY INSIGHT ENGINES MARKET SIZE, 2021-2028 ($ MILLION)
22. ITALY INSIGHT ENGINES MARKET SIZE, 2021-2028 ($ MILLION)
23. SPAIN INSIGHT ENGINES MARKET SIZE, 2021-2028 ($ MILLION)
24. REST OF EUROPE INSIGHT ENGINES MARKET SIZE, 2021-2028 ($ MILLION)
25. INDIA INSIGHT ENGINES MARKET SIZE, 2021-2028 ($ MILLION)
26. CHINA INSIGHT ENGINES MARKET SIZE, 2021-2028 ($ MILLION)
27. JAPAN INSIGHT ENGINES MARKET SIZE, 2021-2028 ($ MILLION)
28. SOUTH KOREA INSIGHT ENGINES MARKET SIZE, 2021-2028 ($ MILLION)
29. REST OF ASIA-PACIFIC INSIGHT ENGINES MARKET SIZE, 2021-2028 ($ MILLION)
30. REST OF THE WORLD INSIGHT ENGINES MARKET SIZE, 2021-2028 ($ MILLION
