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Search Engines in the US industry analysis 🕶️
What's the Sweet Tea On SE's? Search engines, which collect, organize and display the knowledge of the internet, are the backbone of the information age and helped popularize the ad-supported attention economy internet users take for granted. From 2018 to 2023, spending on internet advertising has maintained strong momentum as consumer demand for internet access continued to grow, driven by the adoption of LTE, 5G and unlimited mobile data plans.
🕶️Additionally, despite COVID-19 depressing total advertising expenditure, digital advertising continued to grow as consumers practically lived online while stay-at-home orders were in place. As a result, search engine revenue from advertising is expected to rise at a CAGR of 10.1% to $242.8 billion, including an anticipated rise of 7.8% in 2023, with profit at 19.9%.
Search Engines in the US market size (2024-2029) 🕶️
Industry revenue has grown at a CAGR of 10.1% over the past five years, to reach an estimated $242.8bn in 2023.
🕶️TRENDS AND INSIGHTS
Search engines built the highways of the internet
- The Search Engines industry has cemented itself as one of the most important and innovative industries in United States history.
Advertising efficiency continues to expand
- Progressively smaller businesses have realized the order-of-magnitude efficiency increases realized by digital advertisement, enabling search providers to wreck the offline advertising market.
(She Ate This Look Up) 🏆🏆🏆🏆 🏆
Pros: Limitless. Search Is Everywhere In Everything Like The Air. 🕶️
Cons: Search Is More Than A Website Or An App. That's The EASY Part. Barrier of entry is extremely high. Search is 90% Math 10% Vibe.Capital intensity for search engine providers is more comparable to manufacturing industries than technology companies. Data centers and networking equipment must be kept up-to-date and operational with extreme reliability. Expensive But Worth It. If you know you know. If you don't.. TAYsearch it :) Love, MooChaCha.. The Princess Of Search.
🕶️P.S. Did You TAYsearch On The Go Today? Of Course You Did And We Thank You. 🕶️
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