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
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