The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

According to The Business Research Company’s AI In Social Media Global Market Report 2023, The global AI in social media market is expected to grow from $1.31 billion in 2022 to $1.68 billion in 2023 at a compound annual growth rate (CAGR) of 28.08%. The global AI in social media market size is expected to reach $4.58 billion in 2027 at a CAGR of 28.48%.

North America held the largest AI in social media market share, and Asia-Pacific was the fastest-growing region in 2022.

AI In Social Media Market Driver
The increasing use of social media for online commerce is projected to drive the expansion of AI in the social media market in the future. The expanding trend of using social media platforms for discovering, researching, and purchasing things online is referred to as social media shopping. AI in social media is being utilised to improve the online shopping experience, improve product recommendations, and streamline the purchasing process. Personalised suggestions, visual search, chatbots and virtual assistants, customer service, fraud detection, and security are all aided by it. As a result, these variables promote AI in the social media industry. According to Influencer Marketing Hub, a Danish media company, the number of social consumers in the US increased by more than 35% in December 2022, and social commerce sales in the country will be worth $53.10 million, or 5.1% of all online sales, in 2022, compared to previous years. In China, social applications will account for 11.7% of total retail eCommerce sales in 2020, rising to 52% by 2022. As a result, the increasing use of social media for online commerce is fueling the rise of AI in the social media sector.

View More On The AI In Social Media Market Report 2023 – https://www.thebusinessresearchcompany.com/report/ai-in-social-media-global-market-report

Key AI In Social Media Market Segments

The global AI in social media market is segmented –
1) By Component: Solutions, Services
2) By Enterprise Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
3) By Technology: Machine Learning And Deep Learning, Natural Language Processing (NLP)
4) By Application: Customer Experience Management, Sales And Marketing, Image Recognition, Predictive Risk Assessment, Other Applications
5) By End User: Retail, E-commerce, Banking, Financial Services And Insurance (BFSI), Media And Advertising, Education, Public Utilities, Others End-Users

AI In Social Media Market Prominent Players
Major players in the AI in social media market are Meta Platforms Inc., International Business Machines Corporation (IBM), Microsoft Corporation, Adobe Inc., Snap Inc., Amazon Web Services Inc., Google LLC, Salesforce Inc., Twitter Inc., Baidu Inc., Hootsuite Inc., Clarabridge, NetBase Solutions Inc., Talkwalker, Converseon Inc. and Sprinklr.

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Prominent AI In Social Media Market Trend
Technological progress is a crucial topic that is gaining traction in the AI and social media businesses. To maintain their market position, major players in the AI in social media sector are inventing revolutionary technologies. For example, Meta Platforms, Inc., a US-based technology business, unveiled Sphere, a new AI-powered tool, in July 2022. It is the first AI model capable of examining millions of citations in real time to determine whether they actually support the corresponding argument. In order to improve the accuracy of Wikipedia entries, this revolutionary artificial intelligence (AI) programme would discover and address misleading information, or fake news, on the internet as well as on Facebook, Instagram, and WhatsApp, which contribute to the spread of misinformation online. Furthermore, Sphere’s dataset, which consists of 134 million public webpages, taps on the internet’s collective wisdom to instantly review hundreds of thousands of online citations in search of factual mistakes. The programme is designed to help improve the accuracy and dependability of online information and, ultimately, to combat the spread of misinformation on social media.

The AI In Social Media Global Market Report 2023  provides comprehensive insights on the AI in social media market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the AI in social media market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Artificial Intelligence Global Market Report 2023
Social Media Advertisement Global Market Report 2023
Social Media Global Market Report 2023

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