Rising Popularity of Online Search Engines Drive Growth of Information Retrieval Services Market, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global outlook on the Information Retrieval Services Industry. The global information retrieval market has fast evolved into a high revenue generating industry, based on the increasing number of authorized users, software licenses with customers, license renewal, and product maintenance contracts. Advancements in computing and telecommunications technology had also greatly influenced the industry, allowing the IR service providers to offer exhaustive databases at faster speeds to end-users. Growth in the market is expected to continue for the next few years, given the increasing needs for more effective searching and retrieval services from organizational and individual customers.

Information Retrieval Services: A Global Outlook

Follow us on LinkedIn – A perpetual quest for information sharing and the ability to quickly skim through large texts has led business organizations to turn towards Information Retrieval Services. Information retrieval solutions power a wide range of mission-critical applications within government entities and commercial enterprises across the world. These applications include intelligence gathering and analysis, enterprise portals, knowledge management, law enforcement, safety and national security, regulatory compliance, research and discovery, as well as customer service. The information retrieval industry traditionally serves academic researchers, government entities, corporate, and librarians that pay a premium for professional quality data. However, with the advent of free online Search Engines, the traditional retrieval business model has been largely undermined.

Presently, Internet search engine is considered the cornerstone for information retrieval system among a large base of geographically dispersed population. As organizations and individuals, Internet users are confident of its utility as a key information retrieval resource and look forward to exploit its interactive capabilities, specifically as a training tool. As more number of people use computer and Internet to access information, there is a growing need for superior search and retrieval technologies to facilitate indexing, searching, categorizing, and linking information.

Demand for enterprise search products is driven by the need of enterprises to gather and integrate unstructured information assets, mitigate business risk, and continuously monitor and navigate mission critical information to achieve business objectives. The shortage of appropriate and affordable information retrieval systems and services has forced business enterprises across the world to seek services of online search engine providers, such as Google.

With rapid advancements in Internet, changing reader habits, and changing buyer habits, B2B publishers are transitioning from current online presence to more interactive media-rich content, that would encompass editorial, web-based content as well as search based advertising. Information retrieval industry derives a substantial portion of revenues from sales to government agencies. While majority of the nations have increased spending on information systems, defense, and homeland security initiatives, certain government agencies are subject to budgetary reductions, which adversely affect their purchasing decisions as well as timing.

The research report titled “Information Retrieval Services: A Global Outlook” announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers an aerial view of the global information retrieval services market, identifies major short to medium term market challenges, and growth drivers. The report also recapitulates recent noteworthy mergers, acquisitions, and other strategic developments. Regional markets briefly abstracted include the United States and China. Market discussions in the report are punctuated with a number of fact-rich market data tables. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.

For more details about this comprehensive industry report, please visit –
http://www.strategyr.com/Information_Retrieval_Services_Industry_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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