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No, ChatGPT isn’t stealing Google’s search market share

avenueadsBy avenueads9 November 2023Updated:3 January 2024No Comments3 Mins Read
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Reporting on Google’s market share as of late is like reporting on the sky (do you know it’s blue?).

But right this moment, In search of Alpha revealed an article with a clickable headline of ChatGPT eats away at Google search’s dominance.

This text (which is paywalled, so I’m not linking to it) is predicated on a Financial institution of America report (why is Financial institution of America speaking about search market share?), which is predicated on knowledge from StatCounter and Related Internet, which I realized of through an X post by Greg Sterling.

A report from BofA argues that Google’s search market share is down ever so barely and attributes that to ChatGPT. (I query that.) I believe a extra attention-grabbing metric to take a look at could be search frequency; are folks conducting as many searches on Google as they used to? pic.twitter.com/S9iBXR4biP

— Greg Sterling 🇺🇦 (@gsterling) November 9, 2023

By the numbers. Google’s worldwide search market share, in accordance with StatCounter:

  • October 2023: 91.53%
  • October 2022: 92.34%

That is Google’s lowest international search market share previously 12 months. However is that this ChatGPT consuming into Google’s search market share? Extraordinarily unlikely.

The issue? Statcounter doesn’t monitor ChatGPT as a result of – hi there? – it isn’t a search engine. It’s an LLM-based generative AI chatbot.

Comparatively secure. Google Search has been “comparatively secure” over the previous 12 months, in accordance with the report. Effectively, sure. However we will really go additional again than that on StatCounter.

Google has been “comparatively secure” since August 2015. That’s the month Google surpassed 91% search market share worldwide for the primary time.

Up to now seven years, Googe’s search market share has bounced round from 91.1% (December 2015) to 93.37% (February 2023). For many of those eight years, ChatGPT didn’t exist, together with from April to August 2018 when Google’s search market share dipped under 91%.

What about Bing? Microsoft Bing remains to be down year-on-year, 3.13% (October 2023) vs. 3.59% (October 2022), in accordance with Statcounter. In the meantime, Microsoft CEO Satya Nadella has warned us that AI will make Google more dominant.

Dig deeper. The new Bing has failed to take any market share from Google after six months.

Different numbers. Some month-over-month comparisons from Related Internet:

  • Google site visitors declined to 2.8 billion (down 0.4%).
  • Bard site visitors elevated to eight.7 million (up 2%).
  • Bing site visitors elevated to 42.7 million (up 8%)
  • ChatGPT site visitors elevated to 55 million (up 4%). An essential reminder right here – ChatGPT’s site visitors is just 2% of Google’s net site visitors.

Why we care. Generative AI is – and can proceed to – reshape search as we all know it. However false narratives aren’t useful for anyone. Google remains to be as dominant because it has been since 2015. The affect of Google, ChatGPT and generative AI on search is a narrative for search entrepreneurs to observe. However for now, there’s nothing to see right here.

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