Search Marketing Spend up 11% in UK
The UK’s search engine marketing spend grew 11% year on year during the fourth quarter of 2008, according to a report.
Search spend increased by 14% between the third quarter and fourth quarter of 2008, according to a Search Engine Performance Report.
This reflects the trend for consumers and marketers to increase online activity during the busy Christmas trading period.
Google grew its overall UK market share from 82.6% to 88.2% year on year, largely as a result of its Google Content network which grew by 300% year on year.
The increase in market share by Google was in part at Yahoo!’s expense. Its market share dropped from 13.9% to 8.4% year on year.
Microsoft Live Search was able to maintain its presence in the UK market at 3.4% market share.
The increased level of search spend during Q4 can be in large part attributed to the strength of the online retail channel in price comparison and shopping efficiency, particularly for more established online brands who increased spend to reach revenue goals.