Need for Enterprise Workflow Efficiency and Enhanced Productivity to Propel Enterprise Search Market to US$3,993.7 Million
According to a recent market study published by Transparency Market Research (TMR), titled “Enterprise Search Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019”, the global enterprise search market is expected to reach US$3,993.7 million by 2019, increasing from US$1,777.5 million in 2012 and expanding at a 12.2% CAGR from 2013 to 2019. Enterprise search system makes content from databases, intranets, data management systems, email, and other sources searchable. Such systems enhance the productivity and efficiency of business processes and can save as much as 30% of the time spent by employees searching information.The need to obtain relevant information quickly and the availability of technological applications to obtain it are the main factors set to drive the global enterprise search market. However, uncertain meaning of keywords, having multiple data repositories, and tools such as customized internet search are some factors that in...