The global Social Media Analytics Market size is projected to grow from USD 4.8 billion in 2023 to USD 14.6 billion by 2028, at a CAGR of 24.9% during the forecast period, according to research report by MarketsandMarkets™.
The social media analytics market is expanding due to the increasing usage of social media, higher smartphone penetration, and other developments in digital technology.
Browse in-depth TOC on "Social Media Analytics Market"
350 - Tables
50 - Figures
400 – Pages
Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=96768946
The market growth is further boosted by the impact of technologies such as natural language processing, artificial intelligence, machine learning, and augmented reality. Social media analytics enables businesses to maximize the impact of their social media marketing efforts. Future trends that will shape the landscape of social media analytics include artificial intelligence and machine learning
Solution segment to account for the largest market size during the forecast period.
Based on the offering segment, the solution is anticipated to hold the largest market size during the forecast period. In today's constantly evolving digital landscape, businesses need innovative tools to overcome the challenges of online interactions. These cutting-edge solutions help organizations extract valuable insights, monitor trends, and measure their online impact. From sentiment analysis to audience segmentation, these offerings enable businesses to make informed decisions, refine marketing strategies, and enhance customer engagement. As the demand for comprehensive analytics continues to rise, providers are continuously developing advanced solutions, driving the evolution of this dynamic market.
Managed service to account for higher CAGR during the forecast period.
Based on the services, managed services are anticipated to hold the highest CAGR during the forecast period. Managed service providers are playing a crucial role in the field of social media analytics. They offer a wide range of services to businesses to help them optimize their social media presence and gain valuable insights from their social media data. These services include advanced social media analytics tools that can track user traffic, measure customer experience, and identify trends and patterns in social media data. Additionally, managed service providers offer social media management services to maintain a consistent and effective social media presence, data consolidation, and management to ensure that all relevant data is easily accessible for analysis, and integration with other services such as customer relationship management systems.
Asia Pacific to exhibit the highest CAGR during the forecast period.
The CAGR of Asia Pacific is estimated to be highest during the forecast period. The market for Social Media Analytics in the Asia Pacific region is expected to experience significant growth, mainly due to population growth and government policies. This growth is being fueled by the increasing significance of social media platforms for businesses, a growing demand for business intelligence, and the adoption of advanced technologies such as natural language processing, artificial intelligence, machine learning, and augmented reality. The expansion of digital technology and the increasing adoption of cloud-based solutions are further driving this growth.
Major vendors in the global Social Media Analytics market are IBM (US), Google (US), Oracle (US), Salesforce (US), Adobe (US), SAS (US), Qualtrics (US), Digimind (France), Talkwalker (Luxembourg), Hootsuite (Canada), GoodData (US), Meltwater (Norway), Khoros (US), Sprout Social (US), Cision (US), Dash Husdson (Canada), Brand24 (US), Sotrender (Poland), Rival IQ (US), Facelift (Germany), Emplifi (US), SocialPilot (US), Agorapulse (France), Keyhole (Denmark), Sendible (UK), Buffer (US), Hubspot (US), Databox (US), Tailwind (US), Semrush (US), Awario (US), Oktopost (Israel), Simplify360 (US), Frrole (India), Mavsocial (US), Heuritech (France), Mnemonic Ai (US), Konnect Insights (India), Lucidya (Saudi Arabia), and Catalytics Datum (India).
Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=96768946
Key Dynamic Factors For Social Media Analytics Market:
Quick Development of Social Media Networks:
The need for social media analytics solutions is rising as a result of social media platforms' ongoing development and their growing user base. Analytics providers face both possibilities and challenges as new platforms and capabilities keep coming out.
Growing the Volume of Data:
Massive amounts of data are generated on social media networks. Social media analytics firms face a difficulty as well as an opportunity in managing and analysing this data to derive useful information.
Developments in Machine Learning and Artificial Intelligence
Social media analytics solutions that use AI and machine learning technology are better able to analyse big datasets, spot patterns, and forecast trends. With these developments, automation of procedures and real-time analysis become increasingly feasible.
Put Real-Time Analytics First:
Real-time analytics are becoming more and more important to businesses and marketers in order to react quickly to trends, interact with audiences, and make wise decisions. Real-time insights from social media analytics tools are highly appreciated.
Influencer marketing's rise:
The increasing prevalence of influencer marketing on social media platforms has led to a demand for analytics tools capable of evaluating the influence and efficacy of influencer campaigns. It becomes essential to choose the appropriate influencers and assess their effectiveness.
Data security and privacy concerns:
More rules are the result of increased awareness and concerns about data security and privacy on social media platforms. These rules must be followed by social media analytics tools in order to guarantee the moral and legitimate usage of user data.
Inquire Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=96768946
Competitive and Segmentation Analysis:
Many suppliers aim to carve out their niche and obtain a competitive edge in the fiercely competitive social media analytics sector, which is changing quickly. organisations in this sector understand how critical it is to provide cutting-edge analytics solutions to satisfy the various demands of marketers and organisations. The market is segmented according to firm size, industry verticals, and geographical areas, among other criteria. Social media analytics companies frequently modify their products to meet certain industry needs, guaranteeing applicability in a variety of industries, including banking, healthcare, retail, and more.
Browse Other Reports:
NLP in Education Market
AI in Project Management Market
Student Information System Market
Digital Asset Management Market
Business Process Automation Market
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/social-media-analytics-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/social-media-analytics.asp
Social Media Analytics Market: Future Scope, Strategic Insights, Forecasting Trends, Crucial Drivers, and Projections Up to 2028
This research report categorizes the Social Media Analytics market based on Offering, Analytics Type, Business Functions,& Verticals, and Region.