Global Commercial Research Company Search Engine Optimization Services Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026
LONDON, GREATER LONDON, UK, February 9, 2022 /EINPresswire.com/ — According to TBRC Search Engine Optimization Services Market Overview, the increasing penetration of mobiles, tablets and other electronic devices and the growing consumption of data will drive the web content, search portals and social media market. Rising sales of electronic devices lead to more people owning internet-enabled devices and increased access to digital platforms. For example, the average time spent online by each person in the United States has increased to 282 minutes per day in 2021, giving businesses the opportunity to generate more revenue per user. This growing average internet usage is expected to drive the market for search engine optimization services.
Asia-Pacific was the largest region in the SEO services market in 2021. Africa is expected to be the fastest growing region during the forecast period. Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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The Global SEO services market size is expected to grow from $51.74 billion in 2021 to $63.19 billion in 2022 at a compound annual growth rate (CAGR) of 22.1%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that resulted in operational challenges. The search engine optimization services market share is expected to reach $134.26 billion in 2026 with a CAGR of 20.7%.
Competition for search traffic is high among major players such as Google, Yahoo, and Bing. Strategic partnerships are observed among major competitors, contributing a large share of their revenue, changing the outlook of the search engine optimization services market. For example, Apple uses Google as its default search engine, which has contributed up to $8.8 billion to Google’s annual revenue, and Yahoo has moved to Microsoft Bing.
The major players covered in the global search engine optimization services industry are Axel Springer SE, Google, Bing, Baidu, Ask and Yahoo.
TBRC’s Global Search Engine Optimization Services Market analysis report is segmented by Type into Agency SEO Services, Freelance SEO Services, by Organization into Small & Medium Enterprises (SMEs), Large Enterprises, by end-user industry in professional services, IT services, e-commerce, hospitality, leisure, real estate, other.
Global Search Engine Optimization Services Market Report 2022 – By Type (Agency SEO Services, Freelance SEO Services), By Organization (Small & Medium Enterprises (SMEs), Large Enterprises), By Industry End-User (Professional Services, IT Services, E-Commerce, Hospitality, Leisure, Real Estate) – Global Market Size, Trends and Forecasts 2022-2026 is part of a series of new reports from The Business Research Company that provides an overview of the Search Engine Optimization Services Market, Forecasts Search Engine Optimization Services Market Size and Growth for Overall Market, Search Engine Optimization Services Market Segments, Geographies, search engine optimization services market trends, search engine optimization services market drivers, constraints, re comers, profiles and market shares of the main competitors.
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