4%
4% YoY
#3
Summary
- Parallel ranks #3 within the Search & Research AI category, maintaining its position month-over-month.
- As of October 2026, 4% of organizations who have a vendor in the Search & Research AI category use Parallel: up 4 percentage points from last year.
- Parallel has the highest adoption among micro-SMB companies (5%), compared to small-to-medium businesses (4%), mid-market (3%), and enterprise (5%).
- Parallel key capabilities include web search, web data extraction, and research APIs designed for AI agents and applications.
Are businesses buying Parallel?
Key stats
4%
4% YoY
Enterprise, 42%
4%
24%
#3
#3
Adoption Rates by company size
| Company size | Adoption rate |
|---|---|
| SMB | 4% |
| Mid-market | 3% |
| Enterprise | 5% |
About Parallel
Parallel provides enterprise-grade web research APIs for AI agents and developers, delivering evidence-based search and structured data extraction from the web.
About this data
These insights come from Ramp’s procurement and renewal data, built on real-world transactions observed across our platform. Figures represent aggregated observations from Ramp Procurement and Renewals activity.
| Date | New adopter share | Competitor switch rate | Dominant FTE segment | Adoption rate (Enterprise) | Adoption rate (Mid-Market) | Adoption rate (SMB) |
|---|---|---|---|---|---|---|
| Sep 2026 | 4% | 24% | Enterprise, 42% | 5% | 3% | 4% |
| Aug 2026 | 5% | 24% | Enterprise, 39% | 5% | 3% | 4% |
| Jul 2026 | 3% | 24% | Enterprise, 43% | 4% | 3% | 4% |
| Jun 2026 | 5% | 22% | Enterprise, 50% | 4% | 2% | 3% |
| May 2026 | 4% | 21% | Enterprise, 56% | 4% | 2% | 3% |
| Apr 2026 | 1% | 20% | Enterprise, 52% | 5% | 1% | 2% |
| Mar 2026 | 1% | 19% | Enterprise, 56% | 4% | 2% | 2% |
| Feb 2026 | 2% | 20% | Mid-Market, 39% | 5% | 1% | 2% |
| Jan 2026 | 5% | 17% | Mid-Market, 67% | 2% | 1% | 1% |
| Dec 2025 | 2% | 17% | Mid-Market, 55% | 0% | 1% | 1% |
| Nov 2025 | 1% | 13% | Mid-Market, 65% | 0% | 1% | 1% |
| Oct 2025 | 0% | 10% | Mid-Market, 62% | 0% | 1% | 0% |
| Sep 2025 | 0% | 9% | Mid-Market, 65% | 0% | 0% | 0% |
| Aug 2025 | 1% | 9% | Mid-Market, 79% | 0% | 0% | 0% |
| Jul 2025 | — | 8% | Mid-Market, 60% | 0% | 0% | 0% |
| Jun 2025 | — | 8% | Mid-Market, 65% | 0% | 0% | 0% |
| May 2025 | — | 9% | Mid-Market, 65% | 0% | 0% | 0% |
| Apr 2025 | — | 10% | Mid-Market, 65% | 0% | 0% | 0% |
| Mar 2025 | — | 13% | Mid-Market, 71% | 0% | 0% | 0% |
| Feb 2025 | — | 8% | Mid-Market, 71% | 0% | 0% | 0% |
| Jan 2025 | — | — | Mid-Market, 71% | 0% | 0% | 0% |
| Dec 2024 | — | 20% | Mid-Market, 71% | 0% | 0% | 0% |
| Nov 2024 | — | 33% | Mid-Market, 71% | 0% | 1% | 0% |
| Oct 2024 | — | — | Mid-Market, 71% | 0% | 1% | 0% |
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