Next Generation Search Engines Market-Need Of Relevant Information Are Expected To Support The Growth Of The Market

Search engine technology provides a methodology or framework to facilitate search on the World Wide Web (WWW). The installed software program initially examines and explores its database considering the keywords provided as search items and helps in retrieving the data related to those keywords. Automated systems constantly search for content to keep abreast of recently updated data or content on the web. The rapid growth of the amount of data on Internet has brought in new problems in terms of analysis, organization, retrieval, and capture of the massive information. As traditional search engines are based on early directory services, they are currently facing limitations regarding the management of massive heterogeneous information search. Hence the need for search engines with expanded search scope and enhanced search speed and efficiency has emerged. Such engines with enhanced search technology and improved efficiency are called next generation search engines.

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Demand for new technologies and need of relevant information are expected to support the growth of the next generation search engines market during the forecast period. Increased penetration of smartphones along with rise in the number of internet users are further propelling the market. However, privacy concerns and high initial set-up cost are restraining the next generation search engines market.

The global next generation search engines market can be segmented on the basis of its platform type, end-user industry, enterprise size, and region. Based on platform type, the next generation search engines market can be classified into mobile and desktop. On the basis of end-user industry, the next generation search engines market can be divided into BFSI, healthcare, consulting, automotive, oil & gas, retail, media & entertainment, and others. Consulting, followed by BFSI, is estimated to remain a sizable end-use industry in the global next generation search engines market in the next few years attributing to enterprises that provide solutions in customer service, advisory and decision-making support, investment consulting, and other relevant domains.

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