Global Cognitive Search Platform Market by Type (Cloud-based, Web-based), By Application (Large Enterprise, SMEs) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global cognitive search platform market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cognitive search platforms from large enterprises and SMEs. Additionally, the growing trend of cloud-based and web-based cognitive search platforms is also contributing to the growth of this market. However, lack of awareness about cognitive search platforms among end users is restraining the growth of this market. North America dominates the global cognitive search platform market, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa.



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Product Definition:

Cognitive search platforms are designed to help users find information by understanding their intent and the context of their search. These platforms use artificial intelligence (AI) to analyze data and identify relevant information sources, which they then present to the user in a clear and concise way.

The importance of cognitive search platforms is that they can help companies improve the efficiency and effectiveness of their knowledge management processes. By providing users with a more intuitive way to find information, these platforms can help them locate the right data quickly and easily, making it easier for them to make informed decisions. Additionally, cognitive search engines can also be used to monitor user behavior in order to better understand how employees are using corporate data.

Cloud-based:

Cloud-based is a term used to define software or services that are hosted on the cloud. The cloud represents the virtualization of hardware resources such as servers, storage devices, and network connections. In other words, it's an approach where instead of installing an application on physical machines (servers), we can install it on fewer machines (cloud server) and access those applications using internet protocol over the internet.

Web-based:

The Web-based platform is a collection of software and hardware components that are used to process, analyze, and index the information on the Internet. The technology helps in organizing data found on the Internet by subjecting it to a search engine. It also helps in displaying relevant results based on the keywords or topics entered by users.

Application Insights:

The large enterprise segment dominated the global cognitive search platform market in 2017. This is attributed to factors such as extensive usage of AI platforms by large enterprises for advanced analytics and superior decision-making capabilities. Furthermore, growing adoption of chatbot solutions by large enterprises for customer support and knowledge transfer is further driving growth. The SMEs' application segment is expected to witness significant growth over the forecast period owing to increasing penetration of digital technologies across small businesses, which are increasingly adopting cognitive search platforms for better insights on customers¢â‚¬â„¢ needs and improving customer engagement efforts through chatbots.

The rise in demand from retail companies such as Amazon, Inc.

Regional Analysis:

North America dominated the global market in 2017. North America has a well-established IT sector and is home to several technology giants such as IBM, Google, Microsoft Corporation. The region’s growth can also be attributed to the increasing investments in R&D for cognitive computing and emergence of new startups offering advanced search solutions based on artificial intelligence (AI). Moreover, presence of leading e-commerce companies such as Amazon.com Inc., eBay Inc., and Walmart Stores Inc., which are continuously investing in AI technology will drive regional growth over the forecast period.

Asia Pacific is expected to witness significant growth over the forecast period owing to rising adoption of cloud computing services across various sectors including banking & financial services, retail & consumer goods, telecom & IT services among others. Increasing penetration rates for smartphones coupled with growing demand for mobile search apps from consumers are further driving regional market growth.

Growth Factors:

Increasing demand for cognitive search platforms from small and medium-sized businesses (SMBs) due to the growing awareness of the benefits of cognitive search platforms over traditional search engines.
The increasing demand for cognitive search platforms from large enterprises due to the need to manage and analyze big data sets more effectively.
The increasing use of cognitive search platforms in government and defense organizations to improve intelligence gathering and analysis capabilities.
The growing popularity of cloud-based cognitive search platforms among businesses due to their lower cost and ease of deployment/use.
The increasing focus on big data analytics by businesses, which is driving the need for better tools such as cognitive search platforms that can help make sense of all this data


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Scope Of The Report
Report Attributes
Report Details
Report Title
Cognitive Search Platform Market Research Report
By Type
Cloud-based, Web-based
By Application
Large Enterprise, SMEs
By Companies
IBM Watson, Coveo, Attivio, Lucidworks, Mindbreeze, Sinequa, Micro Focus, Squirro, PerkinElmer, BA Insight, BMC Software
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.

Global Cognitive Search Platform Market Report Segments:
The global Cognitive Search Platform market is segmented on the basis of:
Types
Cloud-based, Web-based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Large Enterprise, SMEs
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
IBM Watson
Coveo
Attivio
Lucidworks
Mindbreeze
Sinequa
Micro Focus
Squirro
PerkinElmer
BA Insight
BMC Software



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Highlights of The Cognitive Search Platform Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Cloud-based
Web-based
By Application:
Large Enterprise
SMEs
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Cognitive Search Platform Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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