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Internet Search Portals Global Market Report 2024 Market 2024 - Growth Analysis, Size, Outlook, Overview By 2033
Internet Search Portals Global Market Report
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According to The Business Research Company's, The internet search portals market size has grown rapidly in recent years. It will grow from $258.38 billion in 2023 to $295.62 billion in 2024 at a compound annual growth rate (CAGR) of 14.4%. The growth in the historic period can be attributed to user adoption, advertising revenue, search algorithm advancements, mobile internet.
The internet search portals market size is expected to see rapid growth in the next few years. It will grow to $493.56 billion in 2028 at a compound annual growth rate (CAGR) of 13.7%. The growth in the forecast period can be attributed to voice search and ai assistants, semantic search, e-commerce integration, data privacy and regulation. Major trends in the forecast period include zero-click searches, vertical search engines, video search, augmented reality in search.
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Market Drivers and Trends:
Rising mobile internet utilization is expected to fuel the market growth of the internet search portals market during the forecast period. Mobile devices are gaining importance for accessing the internet over desktop computers due to the ease of use and portability that mobile devices offer to consumers. According to the World Advertising Research Center (WARC), 2 billion people currently access the internet via only their smartphone, which equates to 51% of the global base of 3.9 mobile users. In 2020, US adults spent an estimated 470 minutes (seven hours and 50 minutes) per day with digital media. In August 2022, according to Oberlo, 59.4% of all the web traffic came through mobile phones. With improving mobile technology about 58% of 18-29 years old and 47% of 30-49 years old of the US access internet using their smartphones. Thus, increasing mobile internet utilization is expected to increase online traffic and thereby will drive the growth of internet search portals.
Major companies operating in the internet search portals market are focusing on innovative AI technologies such as Search Generative Experience (SGE) to improve the quality of search results. Search Generative Experience (SGE) is an experimental version of Google Search that integrates artificial intelligence answers directly into results. For instance, in May 2023, Google LLC, a US-based technology company, launched Search Generative Experience (SGE), an experimental version of Google Search that integrates artificial intelligence answers directly into results. This means that instead of just providing a list of links to websites, SGE can also provide summaries of key information, answer questions, and generate creative text formats of text content. This AI search engine has the potential to make it easier and faster for people to find the information they need online.
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Major Key Players of the Market:
Google, Baidu Inc., Softbank Group Corp., Naspers Limited, Naver Corporation, Yandex N.V., Sogou Inc., Mail.Ru Group., Yahoo, Coc Coc search, Yandex, Sina Corporation, Newegg Commerce Inc., Instacart, Shutterfly LLC, Sabre Corporation, Kaplan Inc., Endurance International Group, 58.com, Copart Inc., CDK Global Inc., Jacksonvill, Meta, Naver, NetEase, Netflix, Sogou, Tencent, Twitter
Internet Search Portals Market 2024 Key Insights:
• The internet search portals market size is expected to see rapid growth in the next few years. It will grow to $493.56 billion in 2028 at a compound annual growth rate (CAGR) of 13.7%.
• Rising Mobile Internet Utilization Drives For Growth In The Internet Search Portals Market
• Major Companies Embrace Ai Innovation With Search Generative Experience (SGE) In The Internet Search Portals Market
• Asia-Pacific was the largest region in the internet search portals market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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