The Business Research Company’s latest report Social Media Advertisement Global Market Report 2020 covers Social Media Advertisement market drivers, Social Media Advertisement market trends, Social Media Advertisement market segments, Social Media Advertisement market growth rate, Social Media Advertisement market major players, and Social Media Advertisement market size. The report provides in-depth analysis of the impact of COVID-19 on the Social Media Advertisement industry, along with revised market numbers due to the effects of the coronavirus.
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Social Media Advertisement Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global social media advertisement market is expected to grow from $86.41 billion in 2019 to $102.66 billion in 2020 at a compound annual growth rate (CAGR) of 18.8%. The growth is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing that has increased digital content consumption and advertisements for essentials and health and hygiene products over social media have increased. The market is then expected to reach $221.01 billion in 2023 at a CAGR of 29.12%.
The report covers the Social Media Advertisement market’s segments-
1) By Advertisement Type: Microblogging, Photo Sharing, Video Sharing, Others.
2) By Device: Mobile, Personal Computers Or Laptops.
3) By End-Use Industry: Healthcare, Automotive, Retail, Telecom, BFSI, Others.
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