Search Engine Optimization (SEO) Market Size to be Worth $157.41 Billion by 2032

Search Engine Optimization (SEO) Market Size to be Worth $157.41 Billion by 2032

Emerging research

The increasing use of mobile devices for web searching is one of the major factors driving the revenue growth of the search engine optimization (SEO) market.

Vancouver, Jan. 10, 2024 (GLOBE NEWSWIRE) — The global Search engine optimization (SEO) market. The size was USD 68.27 billion by 2022 and is expected to register a revenue CAGR of 8.7% during the forecast period, according to the latest analysis by Emergen Research. Increasing use of mobile devices for web search is a key factor driving the revenue growth of the market. Search engine optimization is a collection of strategies that any content producer can use to help certain web pages rank higher in search results, which can improve website traffic, increasing both visibility and revenue.

Search engines, such as Google, have moved to mobile indexing, prioritizing mobile versions of websites in their ranking algorithms, which encouraged companies to optimize their websites for mobile devices to maintain or improve your search rankings and thereby drive market revenue growth. . In addition, the increasing strategic initiatives of the companies contribute to the growth of the market revenue. For example, on October 21, 2023, Google announced that the end of the shift to mobile indexing aligns with the growing prevalence of mobile search among users. This means that Google prioritizes mobile versions when crawling pages and indexing content.

The increasing number of product launches and partnerships between leading companies is contributing to the growth of market revenue. For example, on August 7, 2023, Moz launched a pioneering metric, Brand Authority, which established a scale ranging from one to 100 to measure brand strength online. This innovative metric provides business leaders and marketers with an easy means to assess the competitive landscape through a single visualization for brand comparison.

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The story continues

However, the high cost associated with implementing and maintaining SEO strategies is a key factor hindering the market’s revenue growth. Initial implementation of comprehensive SEO strategies involves expenses related to website optimization, content creation, keyword research, and potentially engagement with specialized SEO tools or services that can be a barrier to smaller companies or startups with limited budgets.

Scope of the research

Report details

result

Market size in 2022

68.27 billion dollars

CAGR (2023-2032)

8.7%

Revenue forecast until 2032

157.41 billion dollars

Base year for estimation

2022

Historical data

2019-2021

Forecast period

2023–2032

Quantitative units

Revenue in billion USD and CAGR in % from 2023 to 2032

Coverage of the report

Revenue forecast, company ranking, competitive landscape, growth factors and trends

Segments covered

Component, Product, Deployment, Platform, End Use, and Region.

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East and Africa

Scope of the country

USA, Canada, Mexico, Germany, France, UK, Italy, Spain, Benelux, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, Emirates United Arabs, South Africa, Turkey, Rest of MEA

Profile of key companies

Alphabet Inc., Microsoft Corporation, Baidu, Inc., HUBSPOT INC., WordStream, Semrush Holdings, Inc., WebFX, BrightEdge Technologies, Inc., Rank Ranger, LLC, Ahrefs Pte. Ltd, Conductor, Linkdex, Yoast BV, SEOMoz, Inc., Screaming Frog Ltd., SEO Book, SpyFu, Inc., COGNITIVESEO, Majestic.

Customization scope

10 hours of free customization and expert consultation

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Large companies and competitive landscape

The global search engine optimization (SEO) market is fragmented with large and medium-sized market players accounting for the majority of revenue. Major players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, developing, testing and introducing more effective ones in the market. Some of the major players included in the market report are:

Strategic development

On December 4, 2023, HubSpot, Inc. acquired Clearbit, a leading B2B data provider. This addition of Clearbit to HubSpot’s framework aims to integrate valuable data from third-party companies directly into HubSpot’s core system of record, solidifying HubSpot’s position as the premier source of information for go-to-market professionals . Through the unified platform, leveraging the capabilities of Clearbit and HubSpot AI, HubSpot customers can anticipate an enriched understanding of their customers and prospects, resulting in enhanced contextual insight.

On August 30, 2023, BrightEdge released its latest technology, leveraging Generative Artificial Intelligence (GAI), known as BrightEdge Copilot, this innovation gives marketers a hands-on experience with GAI. It allows users to create custom, SEO-optimized web page titles and descriptions more efficiently and accurately, ultimately improving performance. It establishes a realm where SEO transcends mere algorithms, emphasizing interaction and intelligence, both artificial and human.

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Some key aspects of the report

The software segment accounted for the largest market share in terms of revenue in 2022. The growing demand for software as it provides tools for keyword research, website auditing, analytics and others , allowing businesses to improve their search engine rankings and generate organic traffic to their sites. which is a key factor driving revenue growth in the segment. The importance of optimizing software company content for SEO is emphasized as good SEO practices significantly improve a company’s online visibility and attract more potential customers. Keyword research tools allow businesses and SEO professionals to identify the most relevant and high-performing keywords for their content.

The cloud segment accounted for the largest market share in terms of revenue in 2022. Increasing demand for cloud-based SEO tools as it offers benefits in terms of accessibility, collaboration, scalability and real-time data management, which is a key driver of revenue growth. of the segment. Cloud-based SEO software eliminates the need for extensive on-premise installations and updates, providing users with instant access to the latest features and enhancements, which as a result ensures that businesses can quickly adapt to trends in SEO and evolving algorithm changes without the delays associated with traditional software. upgrades thus contribute to segment revenue growth.

The North America market accounted for the largest revenue share in 2022. The increasing prevalence of mobile devices has led search engines like Google to prioritize mobile-friendly websites, which is a factor key to driving market revenue growth in this region. Businesses are investing more in content marketing, as a result, there is a high demand for SEO services to optimize and promote this content, which is another factor driving revenue growth in the US market. In addition, increasing product launches and collaboration between leading companies in the region also contribute to the growth of the market revenue in this region.

On October 17, 2023, Yoast SEO released a new update full of improvements and fixes to improve the experience. With this update, Yoast SEO reaffirms its commitment to providing cutting-edge solutions that empower users in their SEO efforts. Users are encouraged to upgrade to version 21.2 to experience the benefits of the improved sidebar and optimize their online presence effectively.

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Emergen Research has segmented the global Search engine optimization (SEO) market. based on component, product, deployment, platform, end use, and region:

component Outlook (Revenue, billion USD; 2019-2032)

software

Services

On-page optimization

Off-page optimization

Technical SEO

Local SEO

SEO audit

Reputation management

Analysis of the competition

UX focused SEO

Mobile-First SEO

Ethical SEO practices

Education and formation

product Outlook (Revenue, billion USD; 2019-2032)

Content SEO

Technical SEO

SEO product page

Voice Search SEO

Local SEO

SEO tools powered by Ai

deployment Outlook (Revenue, billion USD; 2019-2032)

Size of the organization Outlook (Revenue, billion USD; 2019-2032)

Platform Outlook (Revenue, billion USD; 2019-2032)

desk

Phone

Mobile applications

Mobile browser

others

End-use Outlook (Revenue, billion USD; 2019-2032)

Electronic commerce

real state

IT

Software development

SaaS companies

Technical services

recreation

hospitality

Health care

education

others

Regional Outlook (Revenue, billion USD; 2019-2032)

North America

europe

Germany

France

UK

Italy

Spain

Benelux

Rest of Europe

Asia Pacific

china

India

Japan

South Korea

Rest of APAC

Latin America

Middle East and Africa

Saudi Arabia

United Arab Emirates

South Africa

Turkey

The rest of MEA

About Emergen Research

Emergen Research is a market research and consulting firm that provides syndicated research reports, custom research reports and consulting services. Our solutions focus exclusively on your purpose to locate, target and analyze consumer behavior changes across demographics and industries and help customers make smarter business decisions. We provide market intelligence studies that ensure relevant and fact-based research across multiple industries including healthcare, touchpoints, chemicals, types and energy.

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About the Author: Ted Simmons

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