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Insight Engines Market Share

Report ID: GMI5711
Published Date: May 2023
Report Format: PDF

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Insight Engines Market Share

The major companies operating in the insight engines market include :

Attivio
Celonis
Coveco Solutions, Inc
Elastic
Fosfor
Funnelback Pty Ltd
Google LLC
IBM
IntraFind
LucidWorks, Inc
Micro Focus Internationa
Microsoft
Mindbreeze
Sinequa SAS
Squirro
Stravito AB

Companies are adopting partnership, acquisition, and business expansion strategies to expand their geographic footprint and improve their technology. For instance, in February 2022, Mindbreeze collaborated with BLUE Consult GmbH for intelligent knowledge management. The partnership developed the Mindbreeze InSpire solution for assisting other organizations in using information efficiently and increasing their competitive advantage.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of insight engines was worth USD 1.6 billion in 2022 and is set to witness over 22% CAGR from 2023 to 2032, driven by the rising need for better data quality and data source validation capabilities.

The BFSI sector will cross USD 3.8 billion by 2032, due to their increasing application scope.

The cloud-based deployment segment will exceed USD 6.5 billion during 2023 to 2032, owing to the higher need for increased scalability and efficiency along with cost-effectiveness.

North America accounted for over 35% of the industry share in 2022, led by the rising adoption of cutting-edge technologies, such as chatbots, voice recognition, and NLP.