Global Social Media Market is expected to reach $171.03 billion by 2027 growing at a CAGR 17.1% during 2018 to 2027.

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Some of the key players in Social Media Market include Facebook, Instagram, LinkedIn, Youtube, Twitter, HubSpot, Digimind, HootSuite Media, Salesforce, SharpSpring, Sprinklr, and Critical Mention.

Gaithersburg, Maryland, United States – April 18, 2020 /MarketersMedia/

Some of the key factors such as growing mobile users in all ages and narrowing prices of internet packs are driving the market growth in the forecast period. However, growing awareness on harmful effects of social media is the restraining factor for the growth of the market.

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Social media are interactive technologies that help in the creation or sharing of information through virtual communities and networks. Users engage with social media by means of computer, tablet or smart phone through web-based software or web application, often utilizing it for messaging.

By type, advertisement segment is having huge demand as the brands can promote themselves easily and get more attraction towards their product, especially from the young population.

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On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to the increasing number of smart phone users and rapid urbanization.

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Types Covered:
• Subscription
• Advertisement
• Cloud-Based
• On-Premise

Applications Covered:
• Small and Midsize Business (SMBs)
• Large Enterprise

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

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Source URL: https://marketersmedia.com/global-social-media-market-is-expected-to-reach-17103-billion-by-2027-growing-at-a-cagr-171-during-2018-to-2027/88954122

Source: MarketersMedia

Release ID: 88954122

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