Search Ad Spending Forecast and Trends H2 2023

Retail Media Flourishes as Marketers Await Disruption From GenAI

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About This Report
Until Google rolls out generative search to all users, most consumers won’t adopt the technology. That means AI isn’t driving search ad spending—yet.
Table of Contents

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.

authors

Evelyn Mitchell-Wolf

Contributors

Ross Benes
Senior Analyst
Peter Newman
Director, Forecasting
Tracy Tang
Senior Researcher
Max Willens
Senior Analyst
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