Global Social Media Management Market to Generate $18,197.8 Million and Exhibit a CAGR of 21.2% from 2021 to 2028 [210-Pages] - by Research Dive

Global Social Media Management Market to Generate $18,197.8 Million and Exhibit a CAGR of 21.2% from 2021 to 2028 [210-Pages] - by Research Dive

PR Newswire

NEW YORK, Nov. 10, 2021

The global social media management market is estimated to witness massive growth in forecast period, owing to rising penetration of social media applications across the globe. The Asia-Pacific region is anticipated to witness fastest growth by 2028.

NEW YORK, Nov. 10, 2021 /PRNewswire/ -- Research Dive in its latest published report estimates that the global social media management market will generate $18,197.8 million and exhibit a CAGR of 21.2% from 2021 to 2028.

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Market Dynamics

The usage of internet-enabled tablets and mobile phones is rising, and the user base on social media platforms are ever-increasing at a rapid pace. Besides, the penetration of social media applications is increasing across the globe. These factors are predicted to accelerate the growth of the global social media management market during the forecast period. Moreover, the increasing volume of data across various industries and its utilization in effective way is likely to create huge growth opportunities for the market by 2028. However, privacy leaks and data manipulation, which is forcing several industries to reconsider their social network interactions and personal information security are factors expected to hamper the market growth during the estimated timeframe.

Download an PDF Sample report of the Social Media Management Market

Impact of COVID-19 Pandemic on the Social Media Management Market

The COVID-19 pandemic has progressively impacted the global social media management market growth. The increase in the social media management market size and share is mainly due to the increased usage of social media platforms among consumers worldwide. This is owing to the volume of data generated via social media platforms, growing adoption rates of social media management software, and the increase in cloud adoption trends among small and medium enterprises during the pandemic period.

Checkout How COVID-19 impacts the Social Media Management Market. Click here to speak our Expert Analyst to Triangulate with your own data

Key Segment Findings of the Market:

The research report segments the global social media management market into type, enterprise size, end-use, and region.

Social media platforms are in trend as they are pulling in sales, developing customer relationships, building brand awareness – Analyst Review by Research Dive

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Top 10 Prominent Market Players in Social Media Management Market

The key players of the global social media management market include

  1. Sprinklr
  2. Falcon.io
  3. Oktopost
  4. HubSpot
  5. Social Hub
  6. Salesforce
  7. Spredfast
  8. Social Flow
  9. Likeable Hub
  10. Meltwater.

Inquire and Avail Quick access to the Top Companies Trending Strategies Summary Report

These players are focusing on product launches, technological advancements, and strategic collaborations to gain a competitive in the global market.

For instance, in November 2020, Ayrshare, the leading providee of the core infrastructure for social media management, posting, and analytics, announced the launch of the Ayrshare API or Application Programming Interface, to automate social media posting. The new API addresses the increasing needs of platforms and companies that programmatically post content to numerous social media networks.

More about Social media Management Market:

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About Research Dive

Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

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