The global Insight Engines market worth US$ 7113.8 Mn by 2030, growing at a CAGR of 25.6%
Making decisions depending on current and past data is an essential factor for every industry as it proposes a wide range of opportunities for their business as well as their total operations. Insight engine is an enterprise platform that helps enterprises in managing business insights and makes them available to users in order to optimize and organize the business processes in a better way. In addition, incorporated with machine learning abilities the platform enables machines to gather and analyze data.
The aim of the report is to estimate the size of the market for insight engines and the future growth potential of the market for insight engines across various segments, such as component, insight type, application, and industry vertical.
The existence of market giants and the increase in demand from organizations to gain better market insights are the key factors driving demand for the insight engines across North America. On the contrary, Asia-Pacific regions are expected to gather significant market growth in upcoming years on the grounds of increasing adoption of connected and IoT devices.
The base year considered for the analysis is 2019 and from 2020 to 2028 the market size is estimated. Factors such as the growing need for natural access and advanced search for in-depth analysis and the growing volume of unstructured data are the key drivers of the insight engines market. However, data sources and data quality validation issues are hampering the market growth. Furthermore, the increase in the significance of AI technologies for data insights is anticipated to be opportunistic for the market in the forthcoming years.
Insight Engines Market Scope
|Revenue forecast in 2030
|US$ 7113.8 Mn
|CAGR of 25.6% during 2020-2030
|By Component, By Deployment Type, By Size of The Enterprise, By The End-user, Regions
|North America, Europe, Asia Pacific, South America, Middle East and Africa
|Key Players Profiled
|Mindbreeze GmbH, LucidWorks Inc., IBM Corporation, Dassault Systemes SE, Coveo Solutions Inc., Squiz, Sinequa SAS, EPAM Systems Inc. (Infongen), ServiceNow Inc., Google LLC (Alphabet Inc.), IHS Markit Ltd, Stravito AB, Micro Focus International PLC (HPE), IntraFind Software AG, Expert System SPA and Microsoft Corporation.
Key Segments of the Global Insight Engines Market
Component Overview(USD Million)
Insight Type Overview (USD Million)
- Prescriptive Insights
- Predictive Insights
- Descriptive Insights
Application Overview (USD Million)
- Workforce Management
- Sales and marketing optimization
- Operations management
- Customer experience management
Industry Vertical Overview (USD Million)
- IT & Telecom
- Government & Defense
Regional Overview (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America
Important Companies in the Global Insight Engines market
- Dassault Systèmes
- Insight Engines
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of insight engines market benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on insight engines market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the insight engines industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on component, insight type, application, and industry vertical. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global insight engines market. The report will benefit: Every stakeholder involved in the insight engines market.
- Managers within the insight engines industry looking to publish recent and forecasted statistics about insight engines market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global insight engines market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies