Generative Search Trends 2024

How Search Advertising Is Evolving as Google’s AI Overviews, Meta AI, and Perplexity Change the Search Paradigm

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About This Report
The introduction of Google’s AI Overviews has thrust generative search into the mainstream. But Google’s not the only player incorporating generative AI into search functions.
Table of Contents

Generative AI (genAI) is transforming search—and search advertising. Google’s now showing AI-generated summaries to the general public for certain queries, injecting an element of unpredictability into the biggest search platform.

Key Question: How will the search market adapt to Google’s AI Overviews?

Key Stat: Google will attract 70.5% of traditional search ad spending in 2026, per our forecast, making its search business more than 10 times the size of Microsoft’s.

authors

Evelyn Mitchell-Wolf

Contributors

Jacob Bourne
Chris Keating
Director, Research
Tracy Tang
Senior Researcher
Yoram Wurmser
Principal Analyst
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