The Social Media Global Market Report 2020-30 by The Business Research Company describes and explains the global Social Media market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
The Social Media Global Market Report 2021 covers Social Media market drivers, Social Media market trends, Social Media market segments, Social Media market growth rate, Social Media market major players, and Social Media market size.
The Social Media market report provides an in-depth analysis of the impact of COVID-19 on the global Social Media industry, along with revised market numbers due to the effects of the coronavirus and the expected Social Media market growth numbers 2021-2030.
Social Media Global Market Report 2021 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 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%.
The report covers the social media market’s segments-
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.
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