Over the past few years due to significant developments in technologies such as IoT and big data, analytics has gained significant traction as it contributes towards simplifying business operations. The increase in demand for data-driven decisions has become one of the prime priorities for businesses. Insight engines are one of the emerging technologies which combine the power of AI and machine learning to drive business growth based on insights. Hence, such factors are creating growth opportunities for the insight engines market.
Adroit Market Research study on the global market for insight engines offers a holistic view of the industry from 2020 to 2028 as a forecast period, including factors such as market drivers, limitations, opportunities, threats, and regulatory overview. The market has been analyzed from 2018 to 2028, with a base year estimate of 2019 and a projection from 2020 to 2028. The report covers the current status and potential characteristics of the market at both the global and the country level. Moreover, the report also assesses market competition with Porter's analysis of five strengths and places leading players on the basis of their product range, regional presence, strategic initiatives, and overall sales. Prominent players in the global insight engine market have been analyzed in depth.
The operations management segment is likely to hold a significant market share in 2021. Major growth factors are the growing need to develop real-time insights from the data to certify the effective operations of business processes. On the contrary, the sales and marketing segment accounted for the highest growth and it is expected to hold its position over the forecast period.
Insight engine is an advanced platform that is employed by businesses to augment users' experience by utilizing, collecting, and evaluating data derived from conventional sources. The growing adoption of IoT and smart devices is leading to the adoption of insight engine solutions across numerous industries and organizations. Additionally, the increasing demand from various organizations to obtain real-time insights and synthesized information are the key factors boosting the overall growth of the insight engines market.
The key players of the global insight engines market report include Coveo, Dassault Systèmes, HPE, IBM, Insight Engines, Lucidworks, Microsoft, Oracle, Smartlogic, and Veritone.
Key Segments of the Global Insight Engines Market
Component Overview, 2018-2028 (USD Million)
Insight Type Overview, 2018-2028 (USD Million)
- Prescriptive Insights
- Predictive Insights
- Descriptive Insights
Application Overview, 2018-2028 (USD Million)
- Workforce Management
- Sales and marketing optimization
- Operations management
- Customer experience management
Industry Vertical Overview, 2018-2028 (USD Million)
- IT & Telecom
- Government & Defense
Regional Overview, 2018-2028 (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Rest of South Ameri