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The search market is about to experience unprecedented disruption
Search ad spending growth will accelerate in 2024
Retail media will be the source of most search ad spending growth in the coming years
Competition around generative search is a slow burn
Google is in a more precarious position than ever as it defends its search business in court
Social platforms are honing their search chops to solidify their status as Gen Z’s Google
What will be top of mind for search advertisers in 2024?
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Generative AI (genAI) will change the trajectory of search advertising—but not yet. In the meantime, retail media and social networks continue to attract consumers’ queries and marketers’ search budgets.
Key Question: How will search ad spending evolve to accommodate newer players and the coming disruption from genAI?
Key Stat: Search formats on retail media will account for over half of all new search ad dollars this year. Just 1 in 5 will go to Google.
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Table of Contents
Executive Summary
The search market is about to experience unprecedented disruption
Search ad spending growth will accelerate in 2024
Retail media will be the source of most search ad spending growth in the coming years
Competition around generative search is a slow burn
Google is in a more precarious position than ever as it defends its search business in court
Social platforms are honing their search chops to solidify their status as Gen Z’s Google
What will be top of mind for search advertisers in 2024?
Google Is the Default Search Engine for the Majority of US Internet Users Across Devices (US market share, by browser and mobile operating system, Oct 2023)
Google Is the Default Search Engine for the Majority of US Internet Users Across Devices (US market share, by browser and mobile operating system, Oct 2023)
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