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Bing and Yahoo have about 30% of the search market and I think Microsoft in backing Bing for the long term so expect them to grow via some heavy marketing and integration with their software.
Google has to be nervous. Despite people saying they are taking over the world, they only have one profitable product, and that is search. If Yahoo/Bing can start chipping away at that, Google has very little recourse.
I would predict you are going to see some major changes from Google search which has been pretty stagnate for years.
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