Search and Discovery Software Market

Executive Summary

Search and Discovery Software Market was valued at US $9.46 billion in 2021 and is projected to grow at 15.82% CAGR over the forecast period to reach US $22.84 billion by 2027. Search and Discovery Software Market represented US $2.41 billion opportunity over 2019-2021 and estimated to create US $13.38 billion opportunity in 2027 over 2021.

Search and Discovery Software from Consainsights analyses the Search and Discovery Software Market in the Technology & Media industry over the forecast period to 2027.

Search and Discovery Software research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Search and Discovery Software segmentation includes Component, Application, Industry Vertical and Geography.

Based on the Component, the Search and Discovery Software analysis covers SOFTWARE, SERVICES.

In Component segment, SOFTWARE segment has highest cagr growth of 13.94%.

Based on the Application, the Search and Discovery Software analysis covers CUSTOMER EXPERIENCE MANAGEMENT, ASSET MANGEMENT, RISK MANAGEMENT, OTHERS.

In Application segment, CUSTOMER EXPERIENCE MANAGEMENT segment has highest cagr growth of 13.94%.

Based on the Industry Vertical, the Search and Discovery Software analysis covers BFSI, TRANSPORTATION, RETAIL, TELECOM & IT, HEALTHCARE, OTHERS.

In Industry Vertical segment, BFSI segment has highest cagr growth of 13.94%.

Based on the region, the Search and Discovery Software analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include BIRST INC., CLOUDERA INC., DATAMEER INC, DATAWATCH, ORACLE CORPORATION, IBM CORPORATION, MICROSOFT CORPORATION, SAP SE, TABLEAU SOFTWARE, TIBCO SOFTWARE INC. and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Component

Introduction

In 2021, SOFTWARE segment has the highest revenue of US $4.00 billion and is expected to grow at CAGR of 13.94% by 2027 SOFTWARE segment has highest cagr growth of 13.94%.

SOFTWARE

SOFTWARE segment was valued at US $2.98 billion in 2019 and is projected to grow at 13.94% CAGR over the forecast period to reach US $9.65 billion by 2027. SOFTWARE segment represented US $1.02 billion opportunity over 2019-2021 and estimated to create US $5.65 billion opportunity in 2027 over 2021.

SERVICES

SERVICES segment was valued at US $2.06 billion in 2019 and is projected to grow at 13.94% CAGR over the forecast period to reach US $6.65 billion by 2027. SERVICES segment represented US $0.70 billion opportunity over 2019-2021 and estimated to create US $3.90 billion opportunity in 2027 over 2021.

Application

Introduction

In 2021, CUSTOMER EXPERIENCE MANAGEMENT segment has the highest revenue of US $3.53 billion and is expected to grow at CAGR of 13.94% by 2027 CUSTOMER EXPERIENCE MANAGEMENT segment has highest cagr growth of 13.94%.

CUSTOMER EXPERIENCE MANAGEMENT

CUSTOMER EXPERIENCE MANAGEMENT segment was valued at US $2.63 billion in 2019 and is projected to grow at 13.94% CAGR over the forecast period to reach US $8.51 billion by 2027. CUSTOMER EXPERIENCE MANAGEMENT segment represented US $0.90 billion opportunity over 2019-2021 and estimated to create US $4.98 billion opportunity in 2027 over 2021.

ASSET MANGEMENT

ASSET MANGEMENT segment was valued at US $1.94 billion in 2019 and is projected to grow at 13.94% CAGR over the forecast period to reach US $6.28 billion by 2027. ASSET MANGEMENT segment represented US $0.66 billion opportunity over 2019-2021 and estimated to create US $3.68 billion opportunity in 2027 over 2021.

RISK MANAGEMENT

RISK MANAGEMENT segment was valued at US $1.44 billion in 2019 and is projected to grow at 13.94% CAGR over the forecast period to reach US $4.65 billion by 2027. RISK MANAGEMENT segment represented US $0.49 billion opportunity over 2019-2021 and estimated to create US $2.72 billion opportunity in 2027 over 2021.

OTHERS

OTHERS segment was valued at US $1.05 billion in 2019 and is projected to grow at 13.94% CAGR over the forecast period to reach US $3.40 billion by 2027. OTHERS segment represented US $0.36 billion opportunity over 2019-2021 and estimated to create US $1.99 billion opportunity in 2027 over 2021.

Industry Vertical

Introduction

In 2021, BFSI segment has the highest revenue of US $3.75 billion and is expected to grow at CAGR of 13.94% by 2027 BFSI segment has highest cagr growth of 13.94%.

BFSI

BFSI segment was valued at US $2.80 billion in 2019 and is projected to grow at 13.94% CAGR over the forecast period to reach US $9.05 billion by 2027. BFSI segment represented US $0.95 billion opportunity over 2019-2021 and estimated to create US $5.30 billion opportunity in 2027 over 2021.

TRANSPORTATION

TRANSPORTATION segment was valued at US $1.97 billion in 2019 and is projected to grow at 13.94% CAGR over the forecast period to reach US $6.39 billion by 2027. TRANSPORTATION segment represented US $0.67 billion opportunity over 2019-2021 and estimated to create US $3.74 billion opportunity in 2027 over 2021.

RETAIL

RETAIL segment was valued at US $1.23 billion in 2019 and is projected to grow at 13.94% CAGR over the forecast period to reach US $3.97 billion by 2027. RETAIL segment represented US $0.42 billion opportunity over 2019-2021 and estimated to create US $2.33 billion opportunity in 2027 over 2021.

TELECOM & IT

TELECOM & IT segment was valued at US $0.56 billion in 2019 and is projected to grow at 13.94% CAGR over the forecast period to reach US $1.82 billion by 2027. TELECOM & IT segment represented US $0.19 billion opportunity over 2019-2021 and estimated to create US $1.06 billion opportunity in 2027 over 2021.

HEALTHCARE

HEALTHCARE segment was valued at US $0.45 billion in 2019 and is projected to grow at 13.94% CAGR over the forecast period to reach US $1.46 billion by 2027. HEALTHCARE segment represented US $0.15 billion opportunity over 2019-2021 and estimated to create US $0.86 billion opportunity in 2027 over 2021.

OTHERS

OTHERS segment was valued at US $0.05 billion in 2019 and is projected to grow at 13.94% CAGR over the forecast period to reach US $0.15 billion by 2027. OTHERS segment represented US $0.02 billion opportunity over 2019-2021 and estimated to create US $0.09 billion opportunity in 2027 over 2021.