We are thrilled to announce that Algolia has been recognized as a Leader in the 2024 Gartner® Magic Quadrant™ for Search and Product Discovery.

Search technologies have been around for more than 20 years, but with the rise of AI, there are many questions about which providers are most poised to take advantage of new LLM machine learning capabilities. On-site search presents a massive opportunity for industries such as retail or manufacturing.

Better search results can drive massive upswing in top-line conversion rates and revenue, while dropping bottom-line support and services costs.

Alglolia’s AI Search was positioned furthest on the Completeness of Vision axis. Our AI Search product, powered by a proprietary NeuralSearch technology, was announced last year and operates around three core pillars: speed, ease of use, and scale.

• Speed: Algolia’s proprietary technology and infrastructure design allows its AI search to return results for search queries in 1 to 20 milliseconds, which is up to 200 times faster than other search and product discovery solutions on the market. Powering fast results is critical to boost user satisfaction and ROI.
• Ease of use: Algolia’s APIs can be implemented quickly, which empowers faster and cheaper go-to-market. Algolia’s solutions are also easy to develop further with SDKs and a code library, cutting down on manual upkeep. As part of the MACH Alliance, Algolia is easy to integrate with, which is particularly advantageous for users of ecommerce platforms like Shopify and Adobe Commerce. The company also provides impactful analytics capabilities for merchandisers and business users.
• Scale: Algolia is the largest hosted search engine in the world, handling 1.7 trillion searches annually for 17,000+ customers. Many of these customers are large-scale enterprises, which Algolia has empowered to become exponentially more user-friendly. The company’s index contains over 30 billion records and operates at up to 99.999% availability.

We couldn’t be more excited to be named a Leader in this inaugural report from Gartner. Download your complimentary copy of the report to understand how Gartner has analyzed this space and what opportunities lie ahead for organizations who are looking to transform their business with AI search.

Gartner, Magic Quadrant for Search and Product Discovery, Mike Lowndes, Aditya Vasudevan et al, 13 May 2024. This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from Algolia.

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