Artificial Intelligence
Enterprise Search Market Size & Share to Surpass $8.12 Billion by 2030 | Vantage Market Research
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WASHINGTON, May 15, 2023 (GLOBE NEWSWIRE) — The Global Enterprise Search Market is valued at USD 4.3 Billion in 2022 and is projected to reach a value of USD 8.12 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 9.5% over the forecast period 2023-2030.
Market Overview
The global demand for Enterprise Search is predicted to grow owing to the increasing need for enterprises to efficiently manage and improve data accessibility. Marketers are increasingly interested in search solutions that can help them save time while searching for data. Enterprise Search solutions provide enterprises with the necessary data or information from a pool of databases, emails, intranets, data management systems, and so on. These solutions not only improve business efficiency but also provide security by granting authorized access to information.
We forecast that the hosted search category in Enterprise Search market sales will account for more than 47% by 2030. This is due to the fact that company data is increasingly being housed on cloud platforms for remote work capabilities.
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Market Dynamics
Rising Trend of Hashing Technology will Support Market Expansion
The growing trend of hashing technology is likely to have a beneficial impact on the industry due to improved search output performance. For quick search functions, the further technology sorts data based on hash values. For example, in September 2022, Algolia, a private search engine firm, finalized the acquisition of Search.io, a hashing technology company. Algolia was able to provide its clients with faster and more efficient search results as a result of the acquisition.
Growing Trend of Digitization in the Industrial Sector to Drive Market Growth
Employees utilize business search solutions to search through terabytes of data instantly, considerably driving market growth. Enterprise Search solutions are critical for businesses because they drastically cut search times, which leads to greater productivity. Furthermore, Enterprise Search service providers secure the data to prevent unwanted access. When a company has numerous layers of employees, a security layer assists in providing data access exclusively to specific personnel.
Top Players in the Global Enterprise Search Market
- Attivio (Massachusetts, U.S.)
- Coveo Solutions Inc. (Canada)
- Dassault Systemes Inc. (France)
- Dieselpoint Inc. (Illionis, U.S.)
- EMC Corporation (U.S.)
- Expert System Inc. (Hong Kong)
- Alphabet Inc. (U.S.)
- HP Autonomy (UK)
- IBM Corporation (U.S.)
- Lucidworks Inc. (U.S.)
- MarkLogic Corporation (U.S.)
- Oracle Corporation (U.S.)
- Perceptive Software Inc. (U.S.)
- PolySpot (France)
- Recommind Inc. (U.S.)
- SAP AG (Germany)
- Sinequa Inc. (Paris)
- Thunderstone Software (U.S.)
- X1 Technologies (U.S.)
- ZyLabs (U.S.)
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Top Trends in Global Enterprise Search Market
- One trend that Vantage Market Research (VMR) expects to see in the Enterprise Search industry is the advancement of technology. Employees use corporate search solutions to swiftly search through terabytes of data, significantly driving market growth. Enterprise Search solutions are crucial for businesses because they significantly reduce search times, resulting in increased productivity. Moreover, Enterprise Search service providers safeguard the data to prevent unauthorized access when a corporation has multiple levels of employees. A security layer aids in restricting data access to certain personnel.
- Another trend that VMR predicts will continue in the Enterprise Search is its growing adoption of digitization. The use of Enterprise Search market goods makes proprietary records and data easily accessible to relevant personnel within and outside the firm. The architecture aims to overcome organizational storage constraints and enable information aggregation for enterprises and other entities throughout the value chain. The increasing number of data and document sources in businesses throughout the world is a major contributor to the expanding demand in the Enterprise Search market. In the corporate search market, the banking, financial services, and insurance (BFSI) industry has traditionally been a prominent end customer. Additional broad application areas include public and private organizations, commercial, retail, healthcare, and various other industries.
Top Report Findings
- The Hosted search category controls most of the Enterprise Search market’s revenue based on Type. Its expansion might be ascribed to the growing popularity of cloud-based data hosting in organizations due to the convenience of remote data access. For instance, Gartner, Inc. predicted in February 2022 that cloud computing will account for more than half of enterprise information technology spending by 2025. Furthermore, the trend of data digitization, coupled with the pandemic, is likely to boost market expansion by driving enterprises to embrace cloud-based data platforms.
- Based on the End-User, most of the Enterprise Search market’s revenue is controlled by Banking & Finance, attributed to the interconnectedness and exchange of data in numerous channels. Data accessibility is a difficulty for banks and financial institutions. As a result, they invest in Enterprise Search software to help their staff swiftly obtain information from their enormous database. Financial companies can use intelligent search technologies to convert their outdated datasets into accessible resources.
- Based on Enterprise Size, most of the Enterprise Search market’s revenue is controlled by Small categories. The expanding number of small businesses around the world is boosting the market growth. According to the US Small Business Administration, the number of small enterprises in the United States will reach 33.2 million by 2022. Furthermore, technology penetration is likely to fuel demand for Enterprise Search solutions among small businesses because of their cost and process benefits.
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Recent Developments in the Global Enterprise Search Market
- 2022: Adesso SE, an IT service provider, established a partnership with Sinequa, an Enterprise Search solution supplier, to develop an Enterprise Search competency center. The cooperation was formed in order for the two companies’ respective skills to be exchanged.
Hosted Search of the Global Enterprise Search Market Anticipated to Generate Nearly Half the Total Global Revenue
For better understanding, based on the Type, the Enterprise Search market is divided into local search, hosted search, and search appliance.
It is expected that the Hosted search segment will be the fastest-growing market. Its expansion might be linked to the increasing popularity of cloud-based data hosting in organizations due to the benefit of remote data access. Furthermore, the trend of data digitization, accompanied by the pandemic, forcing enterprises to embrace cloud-based data platforms is likely to boost market expansion.
On the other hand, it is anticipated that the Local Search industry will be the largest growing category in the Enterprise Search market. The segment’s strong market presence can be attributed to the prominent data hosting on local enterprise sites. The concern for data security is anticipated to be resolved by storing data locally, as no third party has access to any type of data. Furthermore, the trend of assorting data by type and form is expected to drive the local search segment in the Enterprise Search market.
North America Region of the Global Enterprise Search Market Anticipated to Generate a Considerable Amount of Revenue
North America dominates the market throughout the projection period. This is due to the region’s substantial presence of multiple key industry participants, as well as technological breakthroughs started by them. The convergence of enterprise security solutions and information systems will further boost the regional market growth. Furthermore, the region’s rapid technology improvements and acceptance are likely to positively impact the North American Enterprise Search market throughout the forecast period.
The Asia Pacific is expected to be the fastest-growing region in the Enterprise Search market, considering the growth of the information technology sector in nations such as China, India, South Korea, Japan, and the Philippines, to name a few. The region is seeing a significant increase in the number of small and large-scale software enterprises, creating an attractive potential for the sector.
Browse market data Tables and Figures spread through 142 Pages and in-depth TOC on Enterprise Search Market Forecast Report (2023-2030).
Global Enterprise Search Market Segmentation
By Type
- Local Search
- Hosted Search
- Search Appliance
By End-Use
- Government & Commercial Offices
- Banking & Financial
- Healthcare
- Retail
- Media
- Manufacturing
- Other End Uses
By Enterprise Size
- Small
- Medium
- Large
By Region
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA
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Scope of the Report:
| Report Attributes | Details |
| Market Size in 2022 | USD 4.3 Million |
| Revenue Forecast by 2030 | USD 8.12 Billion |
| CAGR | 9.5% from 2023 to 2030 |
| Base Year | 2022 |
| Forecast Year | 2023 to 2030 |
| Key Players | Attivio, Coveo Solutions Inc., Dassault Systemes Inc., Dieselpoint Inc., EMC Corporation, Expert System Inc., Alphabet Inc., HP Autonomy, IBM Corporation, Lucidworks Inc., MarkLogic Corporation, Oracle Corporation, Perceptive Software Inc., PolySpot, Recommind Inc., SAP AG, Sinequa Inc., Thunderstone Software, X1 Technologies, ZyLabs |
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After two years of consecutive Reputation Score declines, this year’s Score is back up with an increase from 73.2 in 2023 to 73.8 in 2024. It’s a small increase after 2023’s full one-point drop. However, it’s an encouraging sign that companies have begun to recover from reputation falls driven by many challenges: macroeconomic issues, workplace difficulties, product problems, and corporate responsibility skepticism.
“This year’s report underscores a pivotal shift in the corporate landscape, spotlighting the remarkable adaptability and dedication of the Top 100 companies in responding to the dynamic needs of stakeholders,” states RepTrak CEO Mark Sonders. “The companies featured in our report are not just riding the wave of change; they are the ones steering it, proving that the best approach to business is one that embraces evolution and champions progress.”
RepTrak’s report explores how people thought, felt, and acted toward companies over the past year. Findings include notable increases in Conduct and Citizenship efforts, stakeholders’ rising willingness to invest, culturally resonant brand communications, and ESG Scores that soared despite skepticism around the acronym.
To read the full 2024 Global RepTrak 100 report, please visit: www.reptrak.com/globalreptrak
About RepTrak
The RepTrak™ Company is the world’s leading reputation data and insights company. We help companies by organizing and grading a variety of reputational elements, offering a real-world report card on their corporate reputation. Subscribers to the RepTrak program use our predictive insights to protect business value, improve return on investment, and increase their positive impact on society. RepTrak’s pairing of advanced metrics and dedicated reputation advisors offers clients an actionable analysis of their reputation data, aligning business objectives with stakeholder sentiment across different markets and sectors.
Established in 2004, The RepTrak Company owns the world’s largest reputation benchmarking database, gathering over 1 million company ratings per year used by CEOs, boards, and executives in more than 60 countries worldwide. For more information, please visit: www.reptrak.com
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Artificial Intelligence
Group-IB takes part in a global operation to cripple Canadian Phishing-as-a-Service provider LabHost
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Artificial Intelligence
Malaysia Data Center Market to Witness $3.97 Billion Investment Opportunities by 2029, Get Insights on 34 Existing Data Centers and 33 Upcoming Facilities across Malaysia – Arizton
CHICAGO, April 18, 2024 /PRNewswire/ — According to Arizton’s latest research report, the Malaysia data center market is growing at a CAGR of 13.92% during the forecast period.
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Malaysia Data Center Market Report Scope
Report Attributes
Details
Market Size (Investment)
USD 3.97 Billion (2029)
Market Size (Area)
883 Thousand Sq. Feet (2029)
Market Size (Power Capacity)
163 MW (2029)
CAGR Investment (2023-2029)
13.92 %
Colocation Market Size (Revenue)
USD 1.23 Billion (2029)
Historic Year
2020-2022
Base Year
2023
Forecast Year
2024-2029
Over the next few years, Malaysia is poised to witness significant growth in data center investments, driven by the influx of operators like AirTrunk, Equinix, Princeton Digital Group, and other leading companies. Key hubs like Cyberjaya, Kuala Lumpur, and Johor Bahru are expected to see heightened activity, hosting most of the country’s data centers.
The wholesale colocation sector is projected to experience a revenue surge fueled by major cloud players like Microsoft, Google, and AWS. These companies have unveiled plans to establish dedicated cloud regions within Malaysia, with expected timelines for deployment within the next one to two years. This trend underscores Malaysia’s growing importance as a regional hub for data infrastructure and cloud services.
Malaysia is among the top expensive markets globally for developing data centers. Malaysia’s data center construction cost in 2023 stood at about $8.5-$10 million per MW, making it the costliest market in the APAC region after Singapore and Jakarta.
Investment Opportunities in the Malaysia Data Center Market
In November 2023, ST Telemedia Global Data Centres announced its plans to develop a new data center campus in Johor. The construction of the first building is likely to begin soon and become operational by 2025. The company formed a joint venture with Basis Bay to develop a new data center campus with two buildings, Cyberjaya DC.2 and STT Kuala Lumpur 1 in Cyberjaya, Selangor.In October 2023, EDGNEX Data Centres by DAMAC announced its plans to enter the APAC market for the first time; the company is considering a facility in Cyberjaya, Selangor. The expected investment can cross the $52 million mark.In October 2023, Infinaxis Data Centre Holdings, the joint venture between Gaw Capital Partners and A3 Capital, announced the construction of its first data center facility in Cyberjaya. The facility will have 10 data halls and will likely be operational by Q2 2025.In September 2023, EdgeConneX announced its plans to expand its footprint in Malaysia with the development of three data centers sites across Bukit Jalil, Kuala Lumpur, and Cyberjaya. The company plans to develop data centers in partnership with Cyberview.To Know More, Download the Free Sample Report: https://www.arizton.com/market-reports/malaysia-data-center-market-size-analysis
Market Trends
According to IRENA, in 2022, hydroenergy accounted for around 69% of the renewable energy capacity in Malaysia, followed by solar energy, which contributed about 21%, along with a 10% contribution by bioenergy.Malaysia aims to achieve the target of net-zero carbon emissions by 2050. To make this goal a reality, WWF-Malaysia is partnering with Boston Consulting Group to develop an independent joint study on the country’s optimal net zero pathway.The government of Malaysia has established a green tariff scheme to support its carbon-neutrality target. Under the scheme, subscribers can get electricity from solar or hydro sources instead of fossil fuel sources.Mergers, acquisitions, joint ventures, and partnerships are key strategies employed by operators to expand their portfolios and global footprint. For example:
In December 2023, Chindata Group merged with BCPE Chivalry Merger Sub, a wholly owned subsidiary of BCPE Chivalry Bidco, completing its transition to a private company from a public one.November 2023 saw ST Telemedia Global Data Centres, in a joint venture with Basis Bay, announcing plans to develop a new data center campus with two buildings in Cyberjaya, Selangor.A3 Capital and Gaw Capital Partners formed a joint venture in February 2023 to establish Infinaxis Data Centre Holdings to develop and operate data centers across Malaysia and Southeast Asia.MN Holdings, an engineering services and solutions company, signed a Memorandum of Understanding (MoU) in April 2023 with Shanghai DC-Science, outlining an investment of approximately $600 million to develop a data center site at the Sedenak Tech Park, Johor.Why Should You Buy This Research?
Market size is available regarding investment, area, power capacity, and Malaysia colocation market revenue.An assessment of the data center investment in Malaysia by colocation, hyperscale, and enterprise operators.Investments in the area (square feet) and power capacity (MW) across cities in the country.A detailed study of the existing Malaysia data center market landscape, an in-depth market analysis, and insightful predictions about market size during the forecast period.Snapshot of existing and upcoming third-party data center facilities in MalaysiaFacilities Covered (Existing): 34Facilities Identified (Upcoming): 33Coverage: 9 LocationsExisting vs. Upcoming (Area)Existing vs. Upcoming (IT Load Capacity)Data Center Colocation Market in MalaysiaColocation Market Revenue & Forecast (2023-2029)Wholesale vs. Retail Colocation Revenue (2023-2029)Retail Colocation PricingWholesale Colocation PricingThe Malaysia data center market investments are classified into IT, power, cooling, and general construction services with sizing and forecast.A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the industry.Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the industry.A transparent research methodology and the analysis of the demand and supply aspects of the industry.Buy this Research @ https://www.arizton.com/market-reports/malaysia-data-center-market-size-analysis
Post-Purchase Benefit
1hr of free analyst discussion10% off on customizationThe Report Includes the Investment in the Following Areas:
IT InfrastructureServersStorage SystemsNetwork InfrastructureElectrical InfrastructureUPS SystemsGeneratorsSwitches & SwitchgearsPDUsOther Electrical InfrastructureMechanical InfrastructureCooling SystemsRack CabinetsOther Mechanical InfrastructureCooling SystemsCRAC and CRAHChillersCooling Tower and Dry CoolersOther Cooling UnitsGeneral ConstructionCore & Shell DevelopmentInstallation & Commissioning ServicesBuilding & Engineering DesignFire Detection & Suppression SystemsPhysical SecurityData Center Infrastructure Management (DCIM)Tier StandardTier I & Tier IITier IIITier IV GeographySelangorJohorOther StatesVendor Landscape
IT Infrastructure Providers
Cisco SystemsDell TechnologiesFujitsuHewlett Packard EnterpriseHuawei TechnologiesIBMInspurLenovoNetAppData Center Construction Contractors & Sub-Contractors
Advance Power EngineeringAsima ArchitectsAVO TechnologyB-Global TechCTC-GlobalCSF GroupCyclect GroupDSCO GroupGamudaGCM TechnologiesHSS EngineersISGKienta Engineering ConstructionLSK EngineeringMES GroupM+W Group (Exyte)MN HoldingsNakanoNTT FACILITIESPowerware SystemsS5 EngineeringShaw ArchitectSunway Construction GroupUnique CentralSupport Infrastructure Providers
ABBCaterpillarCumminsEatonFuji ElectricHITEC Power ProtectionKOHLER PowerLegrandMitsubishi ElectricNarada Power SourcePiller Power SystemsRittalRolls-RoyceSchneider ElectricSiemensSocomecSTULZTraneVertivData Center Investors
Bridge Data CentresEdge CentresGDS ServicesIRIX (PP TELECOMMUNICATION)Keppel Data CentresNTT DATAOpen DCTM OneVantage Data CentersYTL Data Center HoldingsNew Entrants
AirTrunkAmazon Web Services (AWS)EdgeConneXEquinixFutureData (Cyclect Group + TSG Group)Googlei-BerhadInfinaxis Data Centre HoldingsMN Holdings + Shanghai DC-ScienceMicrosoftNEXTDCPrinceton Digital GroupRegal OrionSingtelST Telemedia Global Data CentresYondrTo Know More, Download the Free Sample Report: https://www.arizton.com/market-reports/malaysia-data-center-market-size-analysis
Key Questions Answered in the Report:
What factors are driving the Malaysian data center industry?
How big is the Malaysia data center market?
How many MW of power capacity will be added across Malaysia during 2024 to 2029?
What is the growth rate of the Malaysia data center market?
Which states are included in the Malaysia data center market report?
Get the Detailed TOC @ https://www.arizton.com/market-reports/malaysia-data-center-market-size-analysis
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