Google and Facebook will both be front and centre in 'social search'
Source: Greenlight , Author: Posted by BI-ME staff
Posted: Fri May 11, 2012 3:28 pm

INTERNATIONAL. Findings from a survey undertaken by leading independent digital marketing agency, Greenlight, indicate that Google+ might be more successful than most have initially speculated and that Facebook could potentially capture close to a quarter of the search market globally were it to launch a search engine of its own tomorrow.

This market share would make Facebook the second most utilised search engine in every major market except for China, Japan, and Russia, where it would occupy an uncontested third place.
 
Greenlight’s global “Search & Social Survey (2011-2012)” asked 500 people - students, law enforcement professionals, medical staff, accountants, lawyers, the unemployed, and everyone in between, how they engage with online advertising, search engines, and social networks, in order to glean insight into how consumers engage with marketers today, and formulate views on what the future might hold.
 
Facebook could capture around 22% of the global search market
 
Greenlight's research revealed 5% would 'definitely' use a future Facebook search engine if the firm were to launch one to rival Google's. The other extreme, those categorically saying that they simply would not use a future Facebook search engine, totalled 26% of all respondents. Those responding in the 'Definitely' and 'Probably' camps totalled 17%. Those responding 'No' and 'Probably not', totalled 48%.
 
Fig 1 - If Facebook incorporated its own search engine, would you use it over your preferred search engine?

 


 Source: Greenlight
 
“These stats therefore suggest Facebook could capture around 22% of the global search market by simply launching its own search engine tomorrow morning (the 'Definitely', 'Probably', and half of the 'Don't know' respondents combined), says Andreas Pouros, chief operating officer at Greenlight.  “It wouldn't need to be a spectacular engine either, just well integrated into the Facebook experience and generally competent.
 
What’s more, the results also suggest Facebook could increase that projected market share to a maximum of 50% within a few years by converting the least overtly loyal Google users over to them. However, that increase would need to come from the 27% of respondents who replied ‘Maybe, but only if it was better than Google and Bing’ ”.
 
(Facebook already integrates Bing into its search function, but it is a buried option in the navigational side-bar post query, so this really does not constitute its own search engine by any real definition).
 
23% of Google users have been +1'ing listings in Google's search result
 
On the flip side, Greenlight found that Google's own social endeavours with Google+ might be more successful than most have initially speculated. For instance, 23% of Google users have been +1'ing listings in Google's search results, giving Google lots of data about what people like.
 
When compared to the 35% of users that Greenlight’s survey found routinely 'like' a brand or company on Facebook, then it is not that significantly more than Google's social signal collection, particularly as 28% of respondents said they had no idea what '+1' actually meant, which says Greenlight, will invariably decrease rapidly over time.
 
Fig 2 - How regularly do you'+1' something in Google's search results


 Source: Greenlight
 
Greenlight’s research essentially shows that Facebook will both be front and centre in 'social search' and so it won't be enough for websites to simply be relevant, they also need to demonstrate qualities that attract social validation and promotion.
 
Pouros concludes: “Brands and e-retailers need to be encouraging +1's in Google, as it isn't something that might be important in the future - it already is! It affects natural search rankings and will have an increasing impact over time across every Google product they utilise - AdWords, price comparison, Shopping, YouTube, etc., and Facebook could be a major search engine overnight. As such a brand’s performance on Facebook today (likes, visits, etc.) will likely have a decisive impact on how well exposed it is on that new search engine.”        
 
About Greenlight:
 
Greenlight is a leading independent digital marketing agency, the largest of its kind in Europe and the fastest growing. With over 100 blue-chip clients including Santander, New Look, Sky and ghd, Greenlight is a leader in the digital marketing space, and is recognized worldwide for its commitment to delivering record ROI for its clients and investing in the future.
 
Greenlight is considered the premier thought leader in the sector, publishing widely read industry reports, original research, speaking at trade events, and delivering a highly respected digital marketing training programme via the Greenlight Academy. Founded in 2001, Greenlight is headquartered in London, with offices in New York.

For more information, please visit  www.greenlightdigital.com

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: October 29, 2014
UAE. Total wealth in the GCC stood at US$ 1.7 tillion in 2014, up 4.75% from 2013; Total wealth in Saudi Arabia and UAE grew by 5%; Global household wealth up 8.3% to US$263 trillion, driven by the US and Europe, according to Credit Suisse Research Institute.
date:Posted: October 29, 2014
UAE. Significant increase in inflows of private capital into UAE in 2014; UAE seen as hub between Africa and Asia; Political stability remains a major factor driving flows; UAE clear winner in the region, as other GCC countries see net outflows of private capital.
date:Posted: October 28, 2014
INTERNATIONAL. Foreign policy is what a president wishes would happen; foreign affairs are what actually happen; the problem that Obama has, which has crippled his foreign policy, is that his principles have not been defined with enough rigor to provide definitive guidance in a crisis.
UAE. Total wealth in the GCC stood at US$ 1.7 tillion in 2014, up 4.75% from 2013; Total wealth in Saudi Arabia and UAE grew by 5%; Global household wealth up 8.3% to US$263 trillion, driven by the US and Europe, according to Credit Suisse Research Institute.
dhgate