How big is the Insight Engines Market?

The Insight Engines Market size is expected to reach USD 1.8 billion in 2024 and grow at a CAGR of 26.16% to reach USD 5.75 billion by 2029. Read More

What is the current Insight Engines Market size?

In 2024, the Insight Engines Market size is expected to reach USD 1.8 billion. Read More

Who are the key players in Insight Engines Market?

IBM Corporation, Mindbreeze GmbH, Sinequa SAS, LucidWorks, Inc. and Coveo Solutions Inc. are the major companies operating in the Insight Engines Market. Read More

Which is the fastest growing region in Insight Engines Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Insight Engines Market?

In 2024, the North America accounts for the largest market share in Insight Engines Market. Read More

What years does this Insight Engines Market cover, and what was the market size in 2023?

In 2023, the Insight Engines Market size was estimated at USD 1.33 billion. The report covers the Insight Engines Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Insight Engines Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Insight Engines Market Share

Statistics for the 2023 & 2024 Insight Engines market share, created by Mordor Intelligence™ Industry Reports. Insight Engines share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Insight Engines Industry

The insight engine market is fragmented due to the significant presence of players such as IBM Corporation, Mindbreeze GmbH, LucidWorks Inc., and Sinequa SAS. Vendors in the market are also extending the reach of their content indexing capabilities to rich media either natively or via partnership by using machine learning capabilities such as computer vision, speech-to-text functions, etc.

For instance, in April 2024, Litera unveiled a new GenAI-driven KM tool to help companies enhance their negotiation positions and bolster transaction planning. This tool enables firms to pinpoint 'relevant precedents, deal points, and market insights,' empowering them to better support their clients. By delving into 'all matter, deal, and negotiating data' from past transactions, Litera aims to provide a comprehensive solution for its users.