How big is the Next Generation Search Engines Market?

The Next Generation Search Engines Market size is expected to reach USD 37.39 billion in 2024 and grow at a CAGR of 14.82% to reach USD 80.98 billion by 2029. Read More

What is the current Next Generation Search Engines Market size?

In 2024, the Next Generation Search Engines Market size is expected to reach USD 37.39 billion. Read More

Who are the key players in Next Generation Search Engines Market?

Amazon.com Inc., Apple Inc., Google LLC (Alphabet Inc.), Bose Corporation and Xiaomi Inc are the major companies operating in the Next Generation Search Engines Market. Read More

Which is the fastest growing region in Next Generation Search Engines Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Next Generation Search Engines Market?

In 2024, the Asia Pacific accounts for the largest market share in Next Generation Search Engines Market. Read More

What years does this Next Generation Search Engines Market cover, and what was the market size in 2023?

In 2023, the Next Generation Search Engines Market size was estimated at USD 31.85 billion. The report covers the Next Generation Search Engines Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Next Generation Search Engines Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Next Generation Search Engines Market Share

Statistics for the 2023 & 2024 Next Generation Search Engines market share, created by Mordor Intelligence™ Industry Reports. Next Generation Search Engines share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Next Generation Search Engines Industry

The market faces intense competition, primarily driven by technological innovation as a pivotal growth factor. It maintains a moderate level of concentration, featuring industry leaders such as Amazon, Google, and Apple. Several noteworthy developments have recently taken place:

In May 2023, Google Inc. unveiled plans for an AI-integrated search engine results page. This innovative search engine is currently in its testing phase and promises AI-generated topic summaries that will appear above the conventional search results. Additionally, it will include a highlighted background section, with its color dynamically adjusting according to the user's search intent.

In September 2022, Gen Z entered into a strategic partnership with TikTok to introduce a new search engine. This collaboration leverages TikTok's powerful algorithm, effectively tailored to the preferences of younger users. Notably, this search engine differentiates itself by offering content synthesized and delivered by real individuals on the platform rather than anonymous websites.