The global next generation search engines market size reached US$ 12.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 25.7 Billion by 2028, exhibiting a growth rate (CAGR) of 12.8% during 2023-2028.
Next generation search engines, also known as advanced search engines, are incorporated with new technologies, such as voice- and image-based searches. They rely on machine learning (ML), semantic analysis and artificial intelligence (AI) capabilities to make information retrieval faster and easier. This further helps scientists and researchers obtain spatial data from various climate and ecological sciences. At present, virtual assistants are one of the commonly used next generation search engines in the retail and banking, financial services, and insurance (BFSI) sectors across the globe.
Next Generation Search Engines Market Trends:
Over the recent years, the number of voice searches has experienced exponential growth on account of the growing popularity of devices, which are embedded with voice assistants like Amazon’s Alexa. These searches are faster and more convenient as compared to text searches due to the advancements in speech recognition technology. This represents one of the most popular trends positively influencing the demand for next generation search engines around the world. Apart from this, the rising uptake of research activities in various sectors to launch new products or improvise the older variants as per the requirement of the consumers and profitability of the key players represents one of the major factors strengthening the growth of the market to obtain insightful data. Furthermore, the growing use of e-commerce for hassle-free online shopping experiences is also contributing to market growth. Moreover, the increasing penetration of the internet and boosting sales of smartphones is catalyzing the use of next generation search engines in numerous end use industries. Besides this, the introduction of self-service options in these search engines is projected to impel the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global next generation search engines market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on platform type, end user and distribution channel.
Breakup by Platform Type:
Breakup by End User:
Breakup by Distribution Channel:
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alibaba Group, Amazon.com Inc., Apple Inc., Ask.com (IAC), Baidu Inc., Duck Duck Go Inc., Facebook Inc., Google LLC (Alphabet Inc.), Microsoft Corporation and Yahoo (Verizon Communications Inc.).
Base Year of the Analysis
Platform Type, End User, Distribution Channel, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Alibaba Group, Amazon.com Inc., Apple Inc., Ask.com (IAC), Baidu Inc., Duck Duck Go Inc., Facebook Inc., Google LLC (Alphabet Inc.), Microsoft Corporation and Yahoo (Verizon Communications Inc.)
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Key Questions Answered in This Report
The global next generation search engines market was valued at US$ 12.0 Billion in 2022.
We expect the global next generation search engines market to exhibit a CAGR of 12.8% during 2023-2028.
The growing popularity of next generation search engines, such as voice assistants, over text searches,
owing to their higher convenience level and faster search rate, is primarily driving the global next
generation search engines market.
The sudden outbreak of the COVID-19 pandemic has led to the rising adoption of next generation search
engines across numerous sectors to make information retrieval faster and easier, particularly in the e-
commerce sector for hassle-free online shopping experiences.
Based on the platform type, the global next generation search engines market can be segmented into
mobile and desktop. Currently, mobile holds the majority of the total market share.
Based on the end user, the global next generation search engines market has been divided into personal
and commercial, where the commercial sector currently exhibits a clear dominance in the market.
Based on the distribution channel, the global next generation search engines market can be categorized
into online and offline. Currently, online channel accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global next generation search engines market include Alibaba Group,
Amazon.com Inc., Apple Inc., Ask.com (IAC), Baidu Inc., Duck Duck Go Inc., Facebook Inc., Google LLC
(Alphabet Inc.), Microsoft Corporation, and Yahoo (Verizon Communications Inc.).
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