Massive Proliferation of Data Gives Rise to Next Generation Search Engines

Published Date : Feb 26, 2018

ALBANY, New York, February 26, 2018: has added yet another new market study to its database, titled, “Next Generation Search Engines Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025.” The report is a valuable source of information on the relatively new communication technology which is making waves in many sectors. Overall, it intends to help players understand the prospects in the market and grow in tandem with it.

Advent of the internet, and the search engines to retrieve information from it, disrupted both work and leisure big time. But with the unprecedented growth of data and information, traditional search engines are falling short vis-à-vis reports, retrieval, organization, and properly capturing the massive volume of information. This is because, in addition to the web pages, there are audios, videos, and data from the deep web, social media, and mobile internet. Enter next generation search engines that are the new age methods of information retrieval. Unlike the first-generation search engines that function based on directory services, web information display, and browsing, the next generation search engines are based on web-based link reports and keyword matching.

Thus the next generation search engines have greater search scope and higher search speed and efficiency on account of the underpinning technology. Pressing demand for more effective technologies and requisite information is predicted to majorly boost the market for next generation search engines. The surging use of smartphones, coupled with burgeoning internet users is also benefitting the market. On the flipside, however, concerns over privacy and steep upfront capital required to build next generation search engines are posing a challenge to their market.

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Depending upon the type of platform, the next generation search engines market can be segmented into desktop and mobile. Some of the key end use industries in the market are healthcare, BFSI, consulting, oil and gas, automotive, retail, media and entertainment, and others. Among them, consulting is a leading generator of demand and is followed by BFSI.

Depending upon the size of enterprise again, the global next generation search engine market can be divided into public enterprise, large-scale enterprise, and small-scale enterprise. At present, even though the large-scale enterprises account for most of the demand in the market, start-ups are also emerging as a promising source of demand due to their mushrooming in developing economies of China and India.

Geographically, the key segments of the global next generation search engine market are South America, North America, Asia Pacific, Europe, and the Middle East and Africa. Of them, North America, powered primarily by Canada and the US, at present holds sway over the market because of the presence prominent industry players in the region and swift technological progress. Asia Pacific is another prominent market that is predicted to grow impressively due to the booming information and technology in India, China, Japan, South Korea, and the Philippines. The teeming number of small and medium-sized enterprises in the region has also filliped its market.

Savvy companies in the global market for next generation search engines are trying to outgun rivals with advanced search services. Some such players who have rose to prominence are Google, Facebook, Inc., Microsoft Corporation, Blenko, Ask, You Tube, Quora, inc., and DuckDuckGo.

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