“Global Social Media Analytics Market: Size & Forecast with Impact Analysis of COVID-19 (2021-2025)", provides an in depth analysis of the global social media analytics market by value, by region.
Social media analytics is the procedure to track, gather and analyze data from social media platforms. Social media analytics helps businesses to venture tactics and strategies, with the help of social media analytics tools to target the right audience, allowing to time and effort effective as well as efficient.
The global social media analytics market has increased at a significant CAGR during the years 2016-2020, and projections are made that the market would rise in the next four years i.e. 2021-2025.
The social media analytics market is expected to increase due to rising number of internet users, growing influence of social media, escalating data generation, growing digital advertisement spending, increased focus on targeted marketing and competitive intelligence, high rate of adoption in SMEs, etc. yet the market faces some challenges such as, large number of victims of cyber crime, lack of standard measures for social media analytics, complexities in analytical workflow and harsh regulations, etc.
The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global social media analytics market has also been forecasted for the period 2021-2025, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
The global social media analytics market is fragmented with many major market players operating worldwide. The key players of the social media analytics market are IBM Corporation, Oracle Corporation, Hootsuite Inc. and Salesforce.com, Inc. are also profiled with their financial information and respective business strategies.
