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Information Retrieval Software Expanding Reach, Role, says New Delphi Group Report

In its most recent research into the business use of information retrieval technologies, market advisor Delphi Group will report that the information retrieval software market topped $400M in software license revenue in calendar 2001. This represents a pullback of 10% from the comparable market performance in calendar 2000.

2001 was a challenging year for all enterprise software suppliers, and the Information Retrieval market was no exception," explains Hadley Reynolds, Delphi’s Director of Research. "But we project that this software segment will grow disproportionately going forward, as the business use of new generation information retrieval technologies becomes more widespread. Enterprises are now recognizing the contribution this set of technologies can make in helping leverage information assets for increased commerce and a smarter workplace."

In the 2002-04 period, Delphi forecasts that this market will build from continued weakness in 2002 to expand at a rate in excess of 20% through 2004. Driving the growth will be the adoption by both Government and Global 2000 firms of advanced information retrieval and content Web services to enhance the performance of online commerce initiatives, Web service/self-service experience, and internal collaborative applications," stated Reynolds.

Delphi’s research identifies five segments of information retrieval software: Basic Search, Advanced Search, Taxonomy & Classification, Expertise Management/Question Answering, and Ontologies/Topic Maps. On a revenue basis, Basic Search is still the leading segment with 40% on a revenue basis, but both Advanced Search and Taxonomy & Classification areas have grown substantially, commanding 27% and 23% of the market respectively in 2001.

 

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