Search Engine Market Size, Share, Growth and Industry Analysis, By Type (Crawler Search Engine and Meta Search Engine), By Application (Large Enterprises and SMEs) Regional Forecast to 2028

Updated On: 06 March 2023

REPORT OVERVIEW

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The global search engine market size was USD 167.02 billion in 2021. The global COVID-19 pandemic has been unprecedented and staggering; with the search engine market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is projected to touch USD 348.80 billion by 2028, exhibiting a CAGR of 11.0% during the forecast period. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

The phrase "search industry" refers to the field of knowledge and information gathering technologies that rank and categorize material and show it according to its relevance. A engine is the main platform through which the content is displayed. Creating appropriate results for the items people search for using keywords and/or previously seen content is the main goal of a search engine.

COVID-19 Impact: Increase in Utilization of Engines by Businesses to Produce Cutting Edge Product Solutions

As one of the greatest knowledge discovery choices for enterprise search, engines gained momentum with COVID-19. The amount of data produced by business apps in the search sector has significantly increased. Additionally, there was a large rise in the amount of time needed to create useful searches for business decisions. Major market vendors introduced cutting-edge product solutions with cutting-edge capabilities to meet industry-specific and post-pandemic search requirements in order to promote their engines during the COVID-19 pandemic.

LATEST TRENDS

"Maintain Dominance of Web Traffic by Using of AI to Enhance Customer Experience and Reduce Propagation of False Information"

Google has unveiled a more potent search engine technology that integrates search parameters for more precise and customized results. Google is attempting to employ artificial intelligence to enhance the customer experience and maintain its dominance of web traffic. At its Search On'21 event, where the platform was revealed, Google executives spoke about their AI developments' goal of increasing the usefulness of online information while reducing the propagation of false information. In order to produce more comprehensive and specialized results, the updated search technology will mix data from text, photos, and even videos using the firm's image-recognition tool Google Lens. New language features driven by AI have been added to lens, which will help users filter their search results.

SEGMENTATION

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• By Type

Based on type, the market is distributed into Crawler Search Engine and Meta Search Engine

• By Application

Based on application, the market is divided into Large Enterprises and SMEs

DRIVING FACTORS

"Better Than Conventional Searches as it Eliminates the Need to Manually Enter Searches into Engines to Find Resources"

This expands the topic's data coverage and makes it possible to find more information by submitting repeated requests to numerous other searches. They employ the indexes established by other engines, collecting and frequently post-processing results in distinctive ways. By retrieving more results with the same amount of effort, a meta search has an edge over a conventional search engine. Additionally, it eliminates the need for users to manually enter searches into various engines in order to find resources.

"Internet Searches Provide a Variety of Data and Help in Organizing Web Pages Conveniently this promotes Broadening of the Market"

There are many different information sources that may be found online. A simple internet search can yield results from digital news articles, encyclopedias, academic studies, and even individual blogs. With so many options, anyone looking for knowledge can select the sources they want to use or combine a number of sources to better comprehend a topic. Internet searches also aid in organizing the internet and specific webpages. These engines help to compile the huge quantity of data that is occasionally dispersed throughout a web page into an ordered list that can be accessed more conveniently. These considerations encourage the adoption of these online searches as well as the expansion of the search engine market growth.

RESTRAINING FACTORS

"Inaccurate and Numerous Set of Identical Results by Meta Searching Might Hinder the Market Expansion"

In instance, if the individual is looking for well-known or common knowledge, meta searching creates the impression that the issue is covered more thoroughly. The engines that were queried frequently returned numerous sets of identical results. Results might not be as accurate as when the user is using a sophisticated search interface at a particular engine because it is more difficult for customers to search using powerful seo syntax to be provided with the query. As a result, many meta search engine employ straightforward searching.

REGIONAL INSIGHTS

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"High Demand and Expansion of Online Distribution Channels Fuel the Global Search Market"

The Asia Pacific region now controls the biggest search engine market share. It is anticipated that the region's high demand for the items, which mostly serves rising economies, will continue. The big firms are anticipated to concentrate mostly on this area, with young people as their target market. Moreover, it is projected that the expansion of the online distribution channel for the sale of smart speakers will be fueled by the global expansion of e-commerce in nations like China and India. Additionally, it is anticipated that the leading vendors in this area would cater to the price-conscious customer base by providing a range of items. As a result, they open doors for businesses that sell goods for a bargain.

KEY INDUSTRY PLAYERS

"Investments in R&D and Strategic Methods Adopted by the Major Players to Stay Ahead of their Competitors "

The search engine market is disjointed. The major firms are investing substantially in research and development to better understand the needs of internet users as they launch a variety of products to appeal to their clients. In addition, they engage in partnerships, mergers, and acquisitions to broaden their market reach across vast geographic regions. Additionally, they are adopting deliberate actions to keep up with the times and outperform their rivals.

List of Market Players Profiled

• Google (U.S.)
• Baidu (China)
• Microsoft (U.S.)
• Yahoo! (U.S.)
• Yandex (Russia)
• IAC (U.S.)
• DuckDuckGo (U.S.)
• Hulbee (Switzerland)
• System1 (U.S.)
• Naver (South Korea)
• Kakao (South Korea)

REPORT COVERAGE

This report covers the search engine market. The CAGR expected to be in during the forecast period, and also the USD value in 2021 and what it is expected to be in 2028. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.