|By Business Wire||
|August 15, 2013 12:48 PM EDT||
Research and Markets (http://www.researchandmarkets.com/research/78qspk/global_enterprise) has announced the addition of the "Global Enterprise Search Market 2012-2016" report to their offering.
The analysts forecast the Global Enterprise Search market to grow at a CAGR of 12.98 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increased demand for rapid and easy data access. The Global Enterprise Search market has also been witnessing the emergence of software-as-a-service based solutions. However, the high cost of implementation could pose a challenge to the growth of this market.
The key vendors dominating this space include Google Inc., HP Autonomy, Microsoft Corp. and Oracle Corp.
The other vendors mentioned in this report are Attivio Software Inc., Coveo Corp., Dassault Systems Inc., Expert System Inc., IBM Corp., LucidWorks Inc., MarkLogic Inc., MindBreeze, Perceptive Software Inc., PolySpot Enterprise Search, and Sinequa Inc.
Commenting on the report, an analyst from the team said: With the emergence of cloud computing, companies are trying to shift their data onto a hosted system. SaaS-based solutions have many benefits as the installation and maintenance of these solutions are not expensive. The major end-users for these solutions are SMEs, which have a lower budget for IT infrastructure and staff. Hence, SMEs are looking at SaaS-based enterprise search solutions for advanced search capabilities. Many vendors are offering flexible payment options to customers for the usage of SaaS-based solutions. In addition, the need for technical support staff is eliminated, as these tasks are performed by the SaaS vendors themselves. Thus, the emergence of SaaS-based solutions is expected to propel the growth of the market during the forecast period.
According to the report, one of the main drivers in this market is the need for fast and easy access to data. In recent years, many organizations are looking for relevant and updated information to enable them to take quick business decisions. This has in turn has increased the demand for search solutions among SMEs, large organizations, and government entities.
For more information visit http://www.researchandmarkets.com/research/78qspk/global_enterprise
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