Local Search Market, Share, Emerging Trends, Future Growth, ...| MENAFN.COM

Monday, 15 August 2022 07:33 GMT

Local Search Market, Share, Emerging Trends, Future Growth, Demand Forecast, Applications - Global Forecast 2022 To 2031


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The report titled Local Search Market which was recently added by Kenneth Research, aims at providing the clients with the business growth and investment opportunities present in the market globally. Further, the market is evaluated on various parameters that is covered in the report and further includes market size, market volume and the growth rate over the forecast period, i.e ., 2022-2031 . The market is further anticipated to grow with a robust CAGR throughout the forecast period.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Local Search Market Products.

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In Canada, the ICT sector consists of around 41,500 companies. Out of these, over 37,000 companies fall under software and computer services industry, resulting in around 89.8% of key players in the ICT industry to be involved in software and computer services. On the other hand, in the year 2018, as per the statistics of the Canadian ICT Sector Profile, released by the Government of Canada, ICT wholesaling, communications services and ICT manufacturing contributes to 4.5%, 3.4% and 2.2% share respectively in the country.

Local Search Market in India to grow at a healthy rate as internet penetration increases and local search increases their offerings and spread out in different platforms like mobile and offline.

The report begins with an introduction which explains the features of online and offline searches and how they have evolved with time. Further, the advantages of local searches are explained. It also gives a snapshot of global search market and the popular uses of search engine. Global market share for 2011-12 is also illustrated. In the market overview section the market size of local search in India is shown along with the growth rate. It also shows the percentage of successful local searches in India. Next the major offline search modes are described. In the next section the business model for both online and offline modes are explained.

In the next section drivers and challenges has been highlighted. Drivers include increase in phone based local searches. Proliferation of internet has also been instrumental in increasing the demand for local searches. Rise of mobile internet is yet another driver for the rise of phone based local searches. It has also been found that local search advertisements are more cost effective for small businessman. Also offline based local search in regional languages will further boost the market for the same. Challenges identified are search engines are acting as default sites for local search as well. Offline searches further face the barrier of 'paperless environment' where corporate houses encourage less use of paper. Also a large section of population in India cannot use local search because they are not aware of the concept and also they are not conversant in English whereas bulk of the search results are in English only.

Trends identified include increase in PE/VC investments in local search engine sites. Also many local search sites are migrating to other platforms like mobile platform. Some other local search engines are providing other additional services in order to garner a greater market share. In order to increase their offerings some of the local search engines are entering into a JV with other players.

The competition section begins with complete traffic statistics of the major players. It includes ranks, audience snapshot, technical details and most viewed sub domains. The summary slide lists the major local search engine brands and their corresponding phone number and websites. The major players in the market have been profiled which includes a financial summary for each of the players. Key ratios and key contacts are also listed. The last section offers strategic recommendations for the players in the local search marke

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The Market report answers the following questions:

What is the aim of the report?

  • The Local Search Market  report presents the estimated market size of Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
  • Based on various indicators, the Year-on-Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
  • An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
  • The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
  • The various parameters accelerating the growth of Market are incorporated in the research report.
  • The report analyzes growth rate, market size and valuation of the Market during the forecast period.

What aspects regarding the regional analysis Market are included in this report?

  • Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
  • The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
  • The growth rate of the market in every region, including their countries over the forecast period is included in the market report.

Based on what factors are the key market players assessed in this report?

  • The report offers detailed analysis of leading companies in the market across the globe.
  • It provides details of the major vendors involved in the Market including Key Players
  • A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
  • The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
  • The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

What is the key information extracted from the report?

  • Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
  • The report offers the present scenario and future growth prospects Market in various geographical regions.
  • The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
  • The SWOT analysis is conducted along with Porter's Five Force analysis.
  • The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.

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About Kenneth Research:

Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.

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Eli

Eli is a freelance writer and possess double graduation degree in physics and chemistry. She is an intense writer covering everything for Science and Tech to Business, Entertainment, Sports and Lifestyle.

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