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Tuesday May 05, 2015
Tuesday May 05, 2015
The global enterprise search market is expected to reach USD 5.02 billion by 2020, according to a new study by Grand View Research, Inc. Increasing demand for solutions offering time-saving data search capabilities is expected to be a key factor driving market growth over the next six years. The need to manage large volumes of data efficiently in an organization so as to improve operational efficiency of an enterprise is also expected to propel the market through the forecast period. These solutions offer enhanced security layer that allows information access to only authorized personnel, which is also expected to fuel the enterprise search market over the forecast period. Increasing demand for several value-added services along with search capabilities due to changes in operational practices within organizations provide avenues for market growth.
Technological advancement, and emergence of cloud computing and Software as a Service (SaaS) is expected to drive market growth. Furthermore, these solutions offer several benefits such as low maintenance and installation cost along with minimum technical support, which is also expected to positively impact the market over the next few years. However, availability of online search engines may pose a challenge to companies operating in the market.
To request a sample copy or view summary of this report, click the link below:http://www.grandviewresearch.com/industry-analysis/enterprise-search-market
For More Information visit - http://www.grandviewresearch.com/
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