The Business Research Company offers ” Social Media Global Market Report 2020-30: Covid 19 Impact and Recovery ” in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.
The global social media market is expected to grow from $88 billion in 2019 to $104.7 billion in 2020 at a compound annual growth rate (CAGR) of 19%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 31% from 2021 and reach $224.2 billion in 2023.
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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 advertisment and other services offered on social media platforms.
Companies in the social media market have been heavily investing in the online video market such as digital hangouts. Digital hangouts include apps that let the user video chat with multiple people simultaneously, and possibly engage in a number of activities such as watching movies or shopping together. A number of apps have started offering this service and has attracted a large user base.
Social Media Market Segmentation: –
By Type
1. Advertisement
2. Subscription
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Social Media Market Characteristics
4. Social Media Market Product Analysis
5. Social Media Market Supply Chain
……………
19. Social Media Market Competitive Landscape
20. Key Mergers And Acquisitions In The Social Media Market
21. Market Background: Web Content, Search Portals And Social Media Market
22. Recommendations
23. Appendix
The report covers the trends and market dynamics of the social media market in major countries – Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the social media market are Facebook; YouTube; Instagram; Twitter; LinkedIn
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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