target audience: TECH SUPPLIER Publication date: Sep 2023 - Document type: Market Analysis Perspective - Doc Document number: # US49696923
Market Analysis Perspective: Worldwide Search and Knowledge Discovery, 2023
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Abstract
This IDC Market Analysis Perspective provides insight into the current state and outlook of the search and knowledge discovery software market.
"Search and knowledge discovery was already entering an AI-powered renaissance, with organizations that have adopted newer systems seeing significant time savings, productivity improvements, and strategic business benefits like increased revenue and improved decision making," said Hayley Sutherland, research manager, Knowledge Discovery and Conversational AI at IDC. "The level of mainstream interest in LLMs over the past year has thrown fuel on this fire, as many companies leveraging generative AI scramble to add or partner with search engine providers to feed accurate, relevant, and safe information to generative systems, and search engines themselves become increasingly conversational."