Next-Generation Search Engine Market Reaches US$23.8 Billion

According to IMARC Group’s latest report “Next-Generation Search Engines Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global Next-Generation Search Engines market has reached worth US$10.5 billion in 2021 Looking ahead, IMARC Group expects the market to reach US$23.8 billion by 2027, growing at a CAGR of 14.47% at during the period 2022-2027.

Next-generation search engines refer to advanced search engines integrated with new technologies, including AI capabilities and voice and image-based search. They provide an advanced information search model, which helps consumers get working information on their queries. Next-generation search engines help people get things done through an intuitive interface in connected homes and cars. Google Assistant, Alexa, Google Lens are some of the commonly used next-gen search engines that are gaining traction with consumers.

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Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

Market trends:

The global next-generation search engine market is primarily driven by the increasing adoption of advanced technologies such as deep neural networks, machine learning, and AI. They can be customized according to the end user and hence are used in various verticals such as retail, BFSI and healthcare. Ever-changing semantic search capabilities, web technologies, and the flow of information available on the Internet are transforming the search engine landscape. Furthermore, the growing number of internet users and growing penetration of smartphones are driving the advancements in the voice activation capabilities of the devices, which in turn propels the growth of the market. Moreover, the introduction of self-service and personalization options in these search engines should significantly influence their adoption in the coming years.

Breakdown by type of platform:

Mobile
Desk

Breakdown by end user:

Personal
Commercial

Breakdown by distribution channel:

On line
Offline

Market Breakdown by Region:

North America (USA, Canada)
Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, others)
Middle East and Africa

Competitive landscape with a key player:

Alibaba Group
Amazon.com Inc.
Apple Inc.
Ask.com (IAC)
Baidu inc.
Duck Duck Go Inc.
facebook inc.
Google LLC (Alphabet Inc.)
Microsoft Corporation
Yahoo (Verizon Communications Inc.).

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As the novel coronavirus (COVID-19) crisis engulfs the world, we continuously monitor changes in markets, as well as industry consumer behaviors around the world and our estimates on the latest market trends and forecasts are made. after considering the impact of this pandemic.

If you want the latest primary and secondary data (2022-2027) with cost module, business strategy, distribution channel, etc. Click request a free sample report, the published report will be emailed to you in PDF format within 24-48 hours of receipt. full payment.

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Rosemary S. Bishop