Global Next Generation Search Engines Market Research Overview 2020-2025: Industry Growth Analysis by Key Players, Types, Applications, Countries, and Forecast.
The Next Generation Search Engines market is expected to register a CAGR of 25.5% over the forecast period 2020 – 2025. This report presents market Size, Share, COVID Impact Analysis and Forecast to 2025. It is comprehensive research with in-depth data and contemporary analysis of Next Generation Search Engines Market at a global, regional and key country level, split by different sub-segments of the industry.
The ongoing advancements in the voice-activated capabilities of devices are making voice searches by the user even more commonplace, hence, developing the opportunities for the market, over the forecast period.
– The rapidly increasing need for semantic search capabilities, the reduction of value in traditional keyword strategies, and the emergence of long-tail phrase optimization are some of the major factors that will drive the market for next generation search engines, over the forecast period.
– Intelligent virtual assistant (IVA) smart speakers are experiencing substantial growth in the market, and are playing a very significant role in the evolution of the voice user interface, in smart homes. The current growth in the smart homes and smart office markets is also expected to boost adoption for next generation search engines.
– In a modern house installed with a set of connected gadgets, connectivity issues are bound to happen. Connection problems arising with the voice-based search engine devices may require the user to first repeat the power cycle of the speaker, as well as the modem and the router, which presents a challenge to the market.
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For each of the market segments, the Next Generation Search Engines Business analysis incorporates valuable differentiation data. These segments are further investigated on a number of levels, including historical results Also, Industry technological advancement, market size estimate, market competitive situation and development patterns, emerging opportunities, growth prospects, types and applications are all covered in this study.
Scope of the Report
Next generation search engines are considered as advanced search engines incorporated with New technologies like embedded AI capabilities. Voice-based (Google Assistant, Alexa) and Image based (Google Lens) searches are considered as next generation search engines.
Key Market Trends
Personal Segment to Witness the Highest Growth
– Smart speakers in the personal end-user vertical are expected to hold the majority share in the market owing to the growing usage of the devices in smart homes. The integration of smart speakers with smart home devices, such as TVs, thermostats, and smart lightbulbs is encouraging consumers to adopt these devices for personal uses.
– According to Google, Google Assistant, which works on the Google Home line of smart speakers and displays, is integrated with more than 1,600 home-automation brands and more than 10,000 devices.
– Furthermore, according to the Voicebot Smart Speaker Consumer Adoption Report, January 2019, the most popular smart home devices by a wide margin are smart TVs with 33.3%., followed by smart lighting at 21.2%, voice interactive game consoles and cable boxes at 14.4% and smart thermostats at 12.4%.
– Moreover, with the increasing sales of smart home devices in the United States The market is expected to drive the market further in that region.
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Asia-Pacific Occupies the Largest Market Share
– Asia Pacific region currently holds the largest market share for the market studied and the demand for the product in the region which is primarily from the emerging economies is expected to remain high and the major players are expected to focus primarily on this region with the target audience being youths.
– China, India, Japan, South Korea, Singapore, and other populous nations are the nations with consumer product based demand, are expected to remain the target market as the product demand here is driving the market.
– Also. the major vendors in this region are expected to target the price sensitive consumer group by offering products in different price segments and therefore create an opportunity for vendors that offer products at a low price. Vendors with costly products may target the different customer segment by offering products as a package in collaboration with other electronic products, such as notebooks, tablets.
– The presence of a vast population with different regional languages spoken has prompted the market vendors to offer a language-based search capacity in the regional language.
The competition prevailing in the market is quite high. Technological Innovativation has been the most important augmenting factor for the competition prevailing in the market. The market is moderately concentrated with the presence of many players. Some of the major players are Amazon.com Inc., Alphabet Inc. (Google), Alibaba Group, Baidu Inc. among others.
All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply-chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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