Gartner has rated Algolia ahead of Google in the growing $56 billion market for search and product discovery, highlighting Google’s challenges amid declining shares in 2025. Google struggles to commercialize its generative AI technology, lagging behind competitors like ChatGPT. Analysts warn that Google's stock might continue to drop unless it proves the durability of its search business. In contrast, Algolia has effectively gained market share by providing better solutions for product catalog searches, an area Google has previously abandoned, allowing rivals to thrive.
Google shares have lost value in 2025. That’s because the search giant is struggling to catch up with ChatGPT when it comes to commercializing its idea.
The market will need to see fundamental evidence that Google search is indeed going to be more durable than currently appreciated, noted Morgan Stanley analyst Brian Nowak.
Algolia is clearly ahead of Google in those two search and product discovery verticals, as it supplies a service that swiftly offers consumers relevant results.
In 2018, Google abandoned the business of helping consumers search through a company's online product catalog, while Algolia was rapidly taking a piece of that pie.
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