Market Share of Insight Engines Industry
The insight engines market is moderately 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.
- October 2021 - Qubit, a supplier of AI-powered customization technology for merchandising teams, was purchased by Coveo, a relevant platform that strives to better digital experiences through AI-powered search, recommendations, and personalization. Coveo's geographic development into the UK and European markets is likely to be accelerated due to the transaction.
- June 2021 - IntraFind Software AG announced that its iFinder Enterprise Search solution is available on the Microsoft Azure Marketplace. Following the development, companies using Azure were able to access the IntraFind solution for enterprise-wide information search.
- June 2021 - Parts of Google's famous YouTube video service are being moved to the company's cloud service from the advertising company's own data center infrastructure. The move shows that Google is turning its attention inward as it aims to increase its part in the booming cloud-computing sector and become less reliant on adverts on its search engine and other sites.
- March 2021 - ServiceNow introduced the new version of 'The Now Platform.' Now Platform Quebec release features new Creator Workflows and App Engine Studio to accelerate the pace of digital transformation, enabling fast lowcode app development across the enterprise to easily workflow everyday business challenges. The latest edition of the Now Platform includes new low-code app development tools and improved native AI capabilities, enabling companies to innovate rapidly, offer excellent experiences, and increase productivity.
Insight Engines Market Leaders
IBM Corporation
Mindbreeze GmbH
Sinequa SAS
LucidWorks, Inc.
Coveo Solutions Inc.
*Disclaimer: Major Players sorted in no particular order
