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Insight Engines Market Size and Forecast 2024-2033|Google LLC, Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, Hewlett Packard Enterprise Co

The Insight Engines Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Insight Engines Global Market Report 2024, The insight engines market size is expected to see exponential growth in the next few years. It will grow to $5.78 billion in 2028 at a compound annual growth rate (CAGR) of 26.6%. The growth in the forecast period can be attributed to increasing demand for advanced search and key capabilities, growing emphasis on risk management and compliance, adoption of machine learning and AI technologies, increasing focus on data-driven decision-making, rise of big data and IoT. Major trends in the forecast period include technological advancement, increasing focus on customer service, growing adoption in healthcare sector, increasing demand for natural language processing (NLP), growing importance of sustainability.

The rising volume of data is expected to propel the growth of the insight engines market going forward. The volume of data refers to the amount or size of data that is generated, processed, stored, and transmitted within a system or organization. The businesses across industries rely on data analysis for insights for data-driven decision making, leading to data collection practices. Insight engines are used in managing the surge of data by automatically generating insights from existing databases, providing a comprehensive understanding of an organization’s data, and empowering decision-makers with actionable insights. For instance, in February 2021, according to the Korea Data Center Council (KDCC), a South Korea-based non-profit organization, the overall capacity of colocation data centers information technology (IT) load reached 430 megawatt (MW) at the end of 2020, accounting for 11% of the total Asia-Pacific IT load. Further, the total commercial data center IT load in Korea is expected to expand by 700 MW between 2021 and 2023, accounting for 15% of overall Asia-Pacific capacity. Therefore, the rising volume of data is driving the growth of the insight engine market.

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The insight engines market covered in this report is segmented –

1) By Component: Solutions, Services

2) By Deployment Mode: Cloud, On-Premises

3) By Technology: Natural Language Processing, Machine Learning

4) By Application: Search And Discovery, Customer Management, Knowledge Management, Risk And compliance Management, Other Applications

5) By Vertical: Banking, Financial Services, And Insurance, Information Technology (IT) And Information Technology Enabled Service (ITES), Retail And E-commerce, Healthcare And Life Sciences, Telecom, Manufacturing, Government

Major companies operating in the insight engines market are developing advanced technologies and solutions, such as automated insight engines, to gain a competitive edge in the market. This platform allowing existing or synthesized information to be delivered proactively or interactively to digital workers, customers, or constituents at timely business moments. For instance, in January 2022, Atrium, a US-based consulting services company, launched automated insights engine, a tool that continuously evaluates sales performance, reveals the underlying causes from hundreds of KPIs (key performance indicators), and makes suggestions for the next course of action. This advanced tool is designed to immediately reveal the underlying reasons for a representative’s high or low performance, enabling a manager to take appropriate action after fully understanding what is and is not working within their team. Its key features include continuous monitoring and analysis of hundreds of rep and team metrics, a strategy insights console that provides a single view of a rep or team’s performance, insight alerts, and recommended actions.

The insight engines market report table of contents includes:

1. Executive Summary

2. Insight Engines Market Characteristics

3. Insight Engines Market Trends And Strategies

4. Insight Engines Market – Macro Economic Scenario

5. Global Insight Engines Market Size and Growth

26. South America Insight Engines Market

27. Brazil Insight Engines Market

28. Middle East Insight Engines Market

29. Africa Insight Engines Market

30. Insight Engines Market Competitive Landscape And Company Profiles

Top Major Players: