TECH SUPPLIER Oct 2019 - Special Study - Doc # US45572019

Worldwide Artificial Intelligence–Enabled Search Software Forecast, 2019–2023

By: Hayley SutherlandSenior Research Analyst, AI Software Platforms, David SchubmehlResearch Director, Cognitive/Artificial Intelligence Systems

Abstract

This IDC Special Study presents a view of AI-enabled search software revenue from the historical year 2018 through to the five forecast years of 2019–2023.

"The AI-enabled search market grew significantly from 2017 to 2018, and we expect this area to continue to grow annually over the forecast period, approaching nearly $2.1 billion in revenue by 2023, with a five-year CAGR of 18.2%," said Hayley Sutherland, senior research analyst at IDC. "We are seeing a widespread shift toward AI-enabled search that can generate personalized insights and recommendations, as opposed to merely presenting users with a specific data point, thereby improving productivity and augmenting the capabilities of knowledge workers."


Coverage

Subscriptions Covered

Artificial Intelligence-Enabled Search 2019


Companies Covered

Sinequa SAS, IBM, LucidWorks Inc., Coveo Solutions Inc., Google Inc., Microsoft Corporation


Regions Covered

Worldwide


Topics Covered

Cognitive/artificial intelligence, Search and discovery, Text analytics


Content


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