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Yes, the search volumes in Keyword Planner are real.
These search volume numbers are based on how many searches are performed by users in the geographical region you set in the planner. It is measured by the total number of searches that are performed in Google search engine, expressed as the average monthly volume during the previous 12-month period.
If the search volume for a term is very low it won’t show up in the Keyword Planner, but the Keyword Planner will go as low as an average of 10 searches per month.
If the numbers seem a bit high in the planner, make sure you have the correct geographical region. Keep in mind your campaigns may be more localized than the Keyword Planner. The Keyword Planner will show you how many people are searching for keywords or terms in specific cities, states, and countries.
If numbers in the Keyword Planner seem a bit low, it might mean that you need to add a more diverse set of keywords into your keywords list, or you may need to broaden your geographical reach.
If your ads are targeting the same geographical region as you have set in the Keyword Planner, but you are getting much fewer clicks than the planner says are available, then you can identify whether your ads may reach a wider audience or not by checking your keywords’ Impression Share.
Impression Share tells you what percentage of the searches matching that keyword that you were eligible to show for you actually showed for. I.e. if you got 30 clicks and 30% impression share, it means that 100 clicks were available for you but you only won 30 of them in Google’s auction process.
If your Impression Share is high then you may be excluding too many demographics or audiences. If it’s low then you might need to increase bids or improve your keyword quality score in order to get a higher percentage of the searches for that keyword.
This tip and many others are found at https://www.petramanos.com/category/tips/