Next Generation Search Engines Market: Global Industry Analysis and Forecast (2023-2029)

Next Generation Search Engines Market size was valued at US$ 38.53 Bn. in 2022 and the total revenue is expected to grow at 14.4 % through 2022 to 2029, Next Generation Search Engines Market is reaching nearly US$ 98.8 Bn. by 2029.
Next Generation Search Engines Market Overview:
The increased demand for semantic search capabilities, technological advancements in computer science, online technologies, and the constant availability of information on the internet have altered the landscape of search and information access. Advanced technologies such as machine learning, semantic analysis, and social networks are used in next-generation search engines.

Next-generation search engines are expected to offer enhanced information retrieval methods, which will be especially valuable for decision-makers and scientists who want to learn more about search in order to evaluate existing solutions and communicate with Software and data suppliers. Next-generation search engines are also referred to as advanced search engines since they are equipped with cutting-edge technologies such as embedded artificial intelligence, voice-based searches, and image-based searches.

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Next Generation Search Engines Market Dynamics:
Search engine technology is a system or framework that makes searching on the internet easier (WWW). The installed software programmer first investigates and explores its database using the search items provided as keywords, and then assists in retrieving data linked to those keywords. Automated systems are always looking for new content to stay up with the most recent updates to data or content on the internet. The fast increase in the amount of data available on the Internet has created new challenges in terms of data analysis, organization, retrieval, and capture.

Traditional search engines are limited in their ability to manage big heterogeneous information searches since they are built on early directory services. As a result, the need for search engines with a broader search scope as well as improved search speed and efficiency has grown. Next-generation search engines are those that have improved search technology and are more efficient.

During the forecast period, the need for new technologies and the requirement for relevant information are expected to drive the growth of the next-generation search engines market. The market is being propelled forward by increased smartphone penetration and an increase in the number of internet users. However, worries about privacy and a high initial set-up cost are limiting the market for next-generation search engines.

In their daily operations, scientific and economic institutions must deal with a variety of strategic data. One of the most difficult tasks is locating accurate information quickly. Next-generation search engines are widely used by scientists and decision-makers because they provide users with semantic search, speedy information retrieval, and the ability to build working knowledge about a given search in order to evaluate alternatives.

Multi-type inputs such as natural language words, photos, and voice are also supported by next-generation search engines, which are capable of understanding users' needs and responding swiftly and intelligently. Virtual assistants, such as smart speakers, are also used to locate any area, obtain information, and receive payment reminders, among other things.
Search Engine Statistics:-
1. In September 2021, Google accounted for 78.39 % of all desktop and laptop searches worldwide. - Since January 2022, Google's desktop search market share has fluctuated between 64 percent and 78 percent over the globe. Since 2022, the other two leading search engines, Bing and Baidu, have been only a few percentage points apart, with Bing eventually securing second place with 10.54 %. By September 2021, Baidu had lost a significant amount of traffic, accounting for only 4.26 % of all desktop/laptop searches.

2. As of September 2021, Baidu has a 7.8% share of the mobile search market. - According to the most recent search engine statistics, Baidu has the second-largest mobile market share, trailing only Yahoo and Bing. Yahoo has a 0.88 percent share of mobile search traffic, while Bing has a 0.74 %, both of which are significantly lower than desktop/laptop usage. Since September 2022, Google's market share has dropped from 94 % to 89 %, while Baidu's has increased from 4.54 %.

3. Yahoo accounts for 1.27 % of all one-word search inquiries - It's no surprise that Google wins all categories when it comes to word count. While still staying around 90% of all word counts, it has dropped below 90%, indicating an increase in the use of Yahoo, Bing, and other unnamed engines. Despite the lack of evidence, that one word might very well be "Google."

4. In a decade, Microsoft Sites' market share among search engines increased from 12% to 26% - Statistics on search engine usage reveal Microsoft is the only corporation that has seen its market share increase. Verizon Media has grown somewhat over the last seven years, and now has a market share of 11.4 %.
Next Generation Search Engines Market Segment Analysis:
The Next Generation Search Engines Market is segmented into by product, distribution channel and end user.

Based on Product Type, the market is sub-segmented into the mobile, desktop. During the forecast period, the Next Generation Search Engines market's sub-segment is expected to hold the greatest market share. In ICT Media and other industries, there is a growing demand for high-quality industrial valves. The demand for Next Generation Search Engines is currently being driven by the need to reduce the danger of contamination. The market and industry's developing concerns are expected to enhance the Next Generation Search Engines market in ICT Media.

Based on End-User, the market is sub-segmented into enterprises, individuals. Application valves for Next Generation Search Engines are one of the most basic and essential components of today's modern technological society. In the global Next Generation Search Engines market, the market segment is expected to hold the largest market share by 2029.


Next Generation Search Engines Market Regional Analysis –
During the forecast period, the Asia Pacific region is expected to increase the most. Due to rising economies and the increasing adoption of modern technologies, Asia Pacific is expected to have the greatest market share of xx % by 2029. The significant development driver in the Asia Pacific is increasing investment by major key players such as Google and Microsoft, as well as demand for smart speakers to connect smart home products such as TVs, lighting, and fans.

Google voice search on a smartphone, for example, is available in over 60 languages and has a % accuracy rate. As a result of the multilingual population in Asian Pacific nations like India, demand for virtual assistance devices has been steadily expanding, which is likely to enhance the global market for next-generation search engines in the region.

The objective of the report is to present a comprehensive analysis of the global Next Generation Search Engines Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Next Generation Search Engines Market dynamics, structure by analyzing the market segments and projects the global Next Generation Search Engines Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Next Generation Search Engines Market make the report investor’s guide.
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Next Generation Search Engines Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US$ 38.53 Bn.


Forecast Period 2023 to 2029 CAGR:
14.4%
Market Size in 2029:
US$ 98.8 Bn.


 Segments Covered:
by Product Type
• Mobile
• Desktop


by Distribution channel
• Online
• Offline


by End-user
• Enterprises
• Individual



Next Generation Search Engines Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Next Generation Search Engines Market Key Players are:
• Google
• Amazon
• Microsoft
• Yahoo
• Sogou
• Alibaba Group
• Sonos Inc.
• Harman
• Kardon Inc. /JBL
• Apple Inc.
• Bose Corporation
• Xiaomi Inc.
• Baidu Inc.
• Quora
• YouTube
• DuckDuckGo
• Blekko
• Yandex
• Qwant
• WebCrawler
• Lycos Inc.
• Adzuna
Frequently Asked Questions:
1) What was the market size of Global Next Generation Search Engines Market in 2022?
Ans - Global Global Next Generation Search Engines Market was worth US$ 38.53 Bn. in 2022.

2) What is the market segment of the Next Generation Search Engines Market?
Ans -The market segments are based on Product type, distribution channel and end-user

3) What is the forecast period considered for Global Next Generation Search Engines Market?
Ans -The forecast period for Global Next Generation Search Engines Market is 2023 to 2029.

4) What is the market size of Global Next Generation Search Engines Market in 2029?
Ans – Global Next Generation Search Engines Market is estimated as worth US$ 98.8 Bn.

5) Which region is dominated in Global Next Generation Search Engines Market?
Ans -In 2022, the Asia pacific region dominated the Global Next Generation Search Engines Market.