Insight Engines Market - By Component (Tools and Services), By Application (Workforce Management, Customer Experience Management, Sales & Marketing Management, Operations Management, Risk & Compliance Management, and Others), By Type (Prescriptive Insights, Predictive Insights, and Descriptive Insights), By Deployment Type (On-Premises and Cloud), By Vertical (Government; Banking, Financial Services, Insurance; Manufacturing; Healthcare; Retail & Ecommerce; Media & Entertainment; Telecom & IT; and Others), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Global Insight Engines market, which was estimated at 759.15 (USD Million) in 2019 and is predicted to accrue earnings worth 3,179.20 (USD Million) by 2026, is set to record a CAGR of nearly 22.78% over 2020-2026.

20-Oct-2020 | Number of pages: 110 | Report Code: ZMR-3039 | Report Format : | Status : Published

Abstract

The global Insight Engines market, which was estimated at 759.15 (USD Million) in 2019 and is predicted to accrue earnings worth 3,179.20 (USD Million) by 2026, is set to record a CAGR of nearly 22.78% over 2020-2026. The report offers valuation and analysis of Insight Engines market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Million).

Introduction

Insight engines make use of machine & deep learning for deriving information and packing of enterprise information. Furthermore, it makes use of self-learning process. It is a key to digital transformation and assists the firms in unraveling the value of the machine data so that it can be accessed by organization staff. Furthermore, insight engines eliminate the requirement of learning complex query language and gain insights into basic query language. It is a kind of dynamic parser that checks the search query for interpreting its meaning and within a few seconds produces exact outcomes and effective visualizations.

Additionally, firms derive massive benefits from these tools. With the onset Chatbots as well as natural language processing technologies, the insight engines market is likely to gain traction over the years to come.

Market Growth Dynamics

Massive use of insight engines in consumer goods & retail sector will prompt the expansion of industry over the forthcoming years. In addition to this, consumer insights assist the firms in gaining the competitive edge and know the customer trends, thereby further driving the market growth in the recent years. Apart from this, a paradigm shift witnessed in myriad industries is likely to increase the popularity of insight engines in the near future. Moreover, large scale application of connected things in media & entertainment, BFSI, and IT & Telecom industries is anticipated to generate lucrative growth avenues for the business in the forthcoming years.

Furthermore, escalating need for advanced search methods and comprehensive analysis along with enhancing operational efficiency of strategic risk management activities will steer the industry landscape over the years ahead. Additionally, need for compliance and security of the data will further enlarge the scope of the market over the forthcoming years.

North America To Make Huge Contributions Towards Overall Market Share By 2026

The growth of the market in the region over the estimated timespan is due to large-scale presence of key analytic service providers in the region. In addition to this, many of the giant firms as well as small firms in the countries like the U.S. will contribute lucratively towards the regional market growth over the forecasting years. Rise in the utilization of big data analytics by various firms in the U.S. and Canada has enhanced market penetration in North America in the recent years.

Key players influencing the market growth and profiled in the report include Lucidworks, IntraFind Inc., Mindbreeze GmbH, Expert System, Smartlogic, Funnelback, Coveo Solutions Inc., IHS Markit Ltd, IBM Corporation, Microfocus, Sinequa, Attivio, Microsoft Corporation, Dassault Systèmes, and Market Logic.

The global insight engines market is segmented as follows:

By component:

  • Services
  • Tools

By application:

  • Sales & Marketing Management
  • Customer Experience Management
  • Workforce Management
  • Operations Management
  • Risk & Compliance Management
  • Others

By deployment type:

  • Cloud
  • On-Premises

By type:

  • Prescriptive Insights
  • Predictive Insights
  • Descriptive Insights

By vertical:

  • Banking, Financial Services, and Insurance
  • Media & Entertainment
  • Retail & Ecommerce
  • Government
  • Healthcare
  • Manufacturing
  • Telecom & IT
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions

Massive use of insight engines in consumer goods & retail sector will prompt the expansion of industry over the forthcoming years. In addition to this, consumer insights assist the firms in gaining the competitive edge and know the customer trends, thereby further driving the market growth in the recent years. Apart from this, a paradigm shift witnessed in myriad industries is likely to increase the popularity of insight engines in the near future. Moreover, large scale application of connected things in media & entertainment, BFSI, and IT & Telecom industries is anticipated to generate lucrative growth avenues for the business in the forthcoming years.

According to Zion Market Research report, The global Insight Engines market, which was estimated at 759.15 (USD Million) in 2019 and is predicted to accrue earnings worth 3,179.20 (USD Million) by 2026, is set to record a CAGR of nearly 22.78% over 2020-2026.

North America is likely to make noteworthy contributions towards overall Insight Engines Market revenue. The growth of the market in the region over 2020-2026 can be ascribed to large-scale presence of key analytic service providers in the region. In addition to this, many of the giant firms as well as small firms in the countries like the U.S. will contribute lucratively towards the regional market growth over the forecasting years. Rise in the utilization of big data analytics by various firms in the U.S. and Canada has enhanced market penetration in North America in the recent years.

The key players profiled in the report include Lucidworks, IntraFind Inc., Mindbreeze GmbH, Expert System, Smartlogic, Funnelback, Coveo Solutions Inc., IHS Markit Ltd, IBM Corporation, Microfocus, Sinequa, Attivio, Microsoft Corporation, Dassault Systèmes, and Market Logic.

Related Reports

Speaker Driver Market Analysis: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Price : $ 3999.00 | Report Code: ZMR-5476 | Report Format:

Global Speaker Driver Market: Overview The speaker driver is a device which transforms an electrical audio signal into sound waves. The speaker driver can also be termed as a loudspeaker. As there has been a remarkable upsurge in the demand for wireless and small-sized earphones among fitness en...Read More

Rail Asset Management Market Analysis: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Price : $ 3999.00 | Report Code: ZMR-5475 | Report Format:

Global Rail Asset Management Market: Overview Rail asset management solutions help rail operators, freight managers, passengers and also infrastructure managers in directing matters such as upgraded security, enhancement in service availability, optimal usage of fixed, linear and mobile assets, ...Read More

In-Memory Computing Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Price : $ 3999.00 | Report Code: ZMR-5474 | Report Format:

Global In-Memory Computing Market: Overview The adoption of in-memory computing or IMC is escalating day-by-day, triggered by the surging demand for quicker analysis on big data faster processing, the need to make architecture more comprehensible because of the increment in data sources, and te...Read More

Identity Verification Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Price : $ 3999.00 | Report Code: ZMR-5473 | Report Format:

Global Identity Verification Market: Overview Identity verification facilities are utilized by various establishments to certify that the information given by customers or users is related with the identity of a real entity. Identity verification services check with detailed consumer attributes ...Read More

Gaming Monitors Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Price : $ 3999.00 | Report Code: ZMR-5472 | Report Format:

Global Gaming Monitors Market: Overview Gaming monitors are used by gamers, professional and amateurs alike, for the sole purpose of recreation or content creation. The major market competitors offer high resolution gaming monitors. The larger the screen of the monitor, the more number of pixels...Read More

Request Free Brochure

COVID-19

A Global Pandemic

Request the coronavirus impact analysis across industries and market

Request impact analysis on this market
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.