How big is the Insight Engines Market?

The Insight Engines Market size is expected to reach USD 1.80 billion in 2024 and grow at a CAGR of 26.16% to reach USD 5.75 billion by 2029. Read More

What is the current Insight Engines Market size?

In 2024, the Insight Engines Market size is expected to reach USD 1.80 billion. Read More

Who are the key players in Insight Engines Market?

IBM Corporation, Mindbreeze GmbH, Sinequa SAS, LucidWorks, Inc. and Coveo Solutions Inc. are the major companies operating in the Insight Engines Market. Read More

Which is the fastest growing region in Insight Engines Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Insight Engines Market?

In 2024, the North America accounts for the largest market share in Insight Engines Market. Read More

What years does this Insight Engines Market cover, and what was the market size in 2023?

In 2023, the Insight Engines Market size was estimated at USD 1.43 billion. The report covers the Insight Engines Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Insight Engines Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Insight Engine Market - Share, Size & Industry Analysis

Insight Engine Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Global Insight Engines Market is Segmented by Component (Software and Services), Deployment Type (On-premises and Cloud), Size of the Enterprise (Small and Medium-Sized Enterprises and Large Enterprises), End-user Industry (BFSI, Retail, and IT and Telecom), and Geography (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.

Insight Engines Industry Overview

The insight engines market is moderately fragmented due to the significant presence of players such as IBM Corporation, Mindbreeze GmbH, LucidWorks Inc., and Sinequa SAS. Vendors in the market are also extending the reach of their content indexing capabilities to rich media either natively or via partnership by using machine learning capabilities such as computer vision, speech-to-text functions, etc.

October 2021 - Qubit, a supplier of AI-powered customization technology for merchandising teams, was purchased by Coveo, a relevant platform that strives to better digital experiences through AI-powered search, recommendations, and personalization. Coveo's geographic development into the UK and European markets is likely to be accelerated due to the transaction.
June 2021 - IntraFind Software AG announced that its iFinder Enterprise Search solution is available on the Microsoft Azure Marketplace. Following the development, companies using Azure were able to access the IntraFind solution for enterprise-wide information search.
June 2021 - Parts of Google's famous YouTube video service are being moved to the company's cloud service from the advertising company's own data center infrastructure. The move shows that Google is turning its attention inward as it aims to increase its part in the booming cloud-computing sector and become less reliant on adverts on its search engine and other sites.
March 2021 - ServiceNow introduced the new version of 'The Now Platform.' Now Platform Quebec release features new Creator Workflows and App Engine Studio to accelerate the pace of digital transformation, enabling fast lowcode app development across the enterprise to easily workflow everyday business challenges. The latest edition of the Now Platform includes new low-code app development tools and improved native AI capabilities, enabling companies to innovate rapidly, offer excellent experiences, and increase productivity.