Autonomy ‘fastest growing search, discover vendor: market share lead up to 14%’ - IDC
IDC, a leading research firm, said Autonomy Corporation plc gained the largest revenue share in the worldwide search and discovery market in 2008, in a report assessing the search and discovery technologies market.
IDC also recognised Autonomy as the fastest growing of the leading vendors in the report with 17.6% growth from 2007 to 2008.
The report, "Worldwide Search and Discovery Software, 2009 - 2013 Forecast Update and 2008 Vendor Shares" was written by Sue Feldman, VP for search and discovery technologies research. It found Autonomy increased its market share lead to 14.4% in 2008.
IDC reported the search and discovery software market grew 19% in 2008 to $2.1 billion, which outperformed the software market and the economy as a whole.
Ms Feldman said that Autonomy "was unique in its early recognition that a search-based architecture, combined with content management, text analytics, archiving, records management, rich media understanding, workflow, and easy-to-use visualizations could create compelling tools to solve a broad swath of current business problems.
"We can no longer consider Autonomy to be a pure-play search vendor. It has diversified to become a search-based software vendor. A true picture of Autonomy's market position must include the compliance infrastructure, eDiscovery, process automation middleware, archiving, and content management software markets as well."
The report found that search-based applications, built on a search backbone, but designed to facilitate a particular task and to create an integrated work environment for users, will proliferate and flourish. Because they make sense to business users, they are already popular.
Search-based applications streamline knowledge work, making information workers more productive. Search-based applications embed search and discovery technologies as a component, but their selling point is that a worker can sit down and accomplish a job without having to move from one information source to another, or from one application to the next.
IDC said successful vendors will build intuitive applications to facilitate sales, research, loan processing, marketing, financial analysis, eDiscovery, or call centres. These full-blown applications will develop integrated work environments in which the UI design hides the complexity of multiple information sources and applications. These applications embed knowledge bases, rule bases, analytics, workflow, collaborative tools, and connectors to internal and external sources of information.
Autonomy CEO Mike Lynch said: "We're really pleased to see our dominance in the search and discovery market, as recognized by IDC. This rapid growth is testament to the power of Autonomy's meaning based technologies that are revolutionising the way organisations manage their information."
