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26 June: The need for effective search engines to locate information on the web, and retrieve information within sites, has resulted in increasing investment into new search technologies. Ovum, the analyst and consulting company, predicts that search vendors will generate over $1.2 billion in revenues this year, a figure which will more than double by 2006 to $2.6 billion.
Next generation search technologies* aim to ensure that searches are more relevant and dependable, and therefore inherently more valuable to the consumer.
The bursting of the dot.com bubble has resulted in a consolidation of the web search engine market with the spotlight thrown on the efficacy of vendors’ business models. There is a danger that many of these essential tools could disappear due to lack of funds.
Eric Woods, Director of Knowledge Management Research for Ovum explains:
“Although search technology is the...