Global Social Media Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Social Media Market Report by The Business Research Company covers social media market drivers and restraints, social media market size, major players, and the impact of COVID-19 on the social media market.
The social media market consists of sales by entities (organizations, sole traders or partnerships) that enable customers to interact, create and share content and information. Social media enables users to share pictures, video and audio files. This market includes revenues from sales from advertisement and other services offered on social media platforms. The social media market is segmented into social media advertising and social media subscriptions.
Rising penetration of mobile, tablet and other electronics and rising data consumption will drive the social media market. Increase in sales of internet accessible electronic devices such as smart phones and tablets leads to an increase in time spent on social media websites.
The global social media market is expected to grow from $94.83 billion in 2020 to $102.62 billion in 2021 at a compound annual growth rate (CAGR) of 8.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $308.96 billion in 2025 at a CAGR of 32%.
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Some social media market trends include social media companies offering their social media platforms for electronic commerce of goods and services to drive revenues. This can be attributed to the increasing adoption of e-commerce and online shopping among consumers owing to the growing internet and smartphone penetration.
Global social media market segments include:
1) By Type: Social Media Advertisement, Social Media Subscription.
2) By Service: Social Networking, Micro Blogging And Instant Messaging, Photo Sharing Networks.
3) By End-User Industry: Retail And Wholesale, Transportation Manufacturing, Food And Beverages, Financial Services, Information Technology, Electrical And Electronics Manufacturing, Media And Recreation, Transportation Services, Healthcare, Others.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest global social media market share.
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The Social Media Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides social media market overviews, analyzes and forecasts market size, share, social media market players, social media market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The social media market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Social Media Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Facebook, YouTube, Instagram, Twitter, LinkedIn.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Social Media Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Social Media Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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