Uploaded on Sep 9, 2024
The increased demand for remote work during the COVID-19 pandemic boosted the global social media market, driving the need for social media management solutions. Additionally, the rising popularity of short, accessible entertainment is further fueling market growth.
Social Media Management Software Market: Vendor Landscape and Strategic Analysis
Social Media Management Market Overview The global social media management market size was valued at $15.24 billion in 2021, and is projected to reach $118.03 billion by 2031, growing at a CAGR of 22.8% from 2022 to 2031. 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 Research 𝐑𝐞𝐩𝐨𝐫𝐭 Social Media Management refers to the process of creating, scheduling, analyzing, and engaging with content posted on social media platforms, such as Facebook, Twitter, Instagram, LinkedIn, and others. It involves managing a brand’s online presence by planning and publishing posts, responding to comments and messages, analyzing social media performance through metrics and data, and fostering community engagement. The Social Media Management Market is driven by the increasing need for businesses to manage and analyze social media presence effectively. Key factors influencing the market include the rising adoption of social media platforms for marketing, brand awareness, and customer engagement, along with the growing demand for real-time data analysis and insights. Covid-19 Impact • The rise in COVID-19 cases led governments to enforce strict lockdowns, confining billions of people to their homes. • This situation contributed to the increased use of social media software solutions during the lockdown period. • A report by Dow Jones & Company, Inc. highlighted a 19.4% increase in daily social media usage among U.S. citizens in 2020 compared to 2019. • Remote work and work-from-home policies, which emerged during the pandemic, are becoming standard practices across industries. • Social media platforms are expected to play an increasingly active role in the future. • McKinsey & Company research predicts that over 25% of the workforce will continue working from home even after the pandemic ends. • These trends offer significant growth opportunities for the social media market in the coming years. Social Media Management Market Segments By Component By Enterprise Size • Solution • Service • Large Enterprises • SMEs By Deployment Model • On Premise • Cloud Social Media Management Market Segments By Application By Industry Vertical • BFSI • Sales and Marketing • Retail and E Commerce Management • Government and Public • Customer Experience Sector Management • Healthcare and Life • Competitive Intelligence Science • IT and Telecom • Risk Management and Fraud • Detection Media and Entertainment • Manufacturing • Others • Others Social Media Management Social Media Management Market Regional Analysis • North America (U.S., Canada) • Europe (U.K., Germany, France, Italy, Spain, Rest of Europe) • Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific) • LAMEA (Brazil, Mexico, UAE, Saudi Arabia, South Africa, Rest of LAMEA) Key Players Khoros, LLC, Sprinklr, Inc., Falcon.io, Google, Zoho Corporation Pvt. Sprout Social Inc., Ltd., Salesforece Inc., Meltwater, HubSpot, Inc., Hootsuite Inc., Adobe, Oracle Corporation, Clarabridge, NetBase Quid, Inc. Talkwalker Inc., BrandWatch IBM Corporation, Technologies Ltd, Digimind, Contact Us David Correa 1209 Orange Street Corporation Trust Center Wilmington New Castle Delaware 19801 USA Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285 Fax: +1-800-792-5285 [email protected] Thank You
Comments