Market Size – USD 8.98 Billion in 2021, Market Growth - CAGR of 23.3%, Market Trends – Extensive adoption of smartphones.

NEW YORK, NEW YORK, UNITED STATES, July 14, 2022 /EINPresswire.com/ -- The global social media analytics market is forecast to reach USD 59.42 Billion by 2030, according to a new report by Reports and Data. The increasing need for understanding consumer needs and market trends is one of the major factors driving the market growth. The extensive adoption of smartphones, along with the popularity of social media, will also boost the growth of the market in the coming years. Social media has undoubtedly transformed the way of marketing and promoting businesses. Analytics in social media provides the opportunity to distribute targeted messages through plenty of tools and channels. To reach the full potential of a business, they must understand the opinions and preferences of the target audience.

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Top Profiled in the Social Media Analytics Market Report
• Oracle Corporation
• Salesforce
• Adobe Systems Incorporated
• SAS Institute Inc
• Talkwalker Inc

Market Segmentation:

Components Outlook (Revenue, USD Billion; 2019-2030)
• Solutions
• Services
o Managed services
o Professional services

Application Outlook (Revenue, USD Billion; 2019-2030)
• Sales & marketing
• Customer experience management
• Competitive intelligence
• Risk management & fraud detection
• Public safety & law enforcement
• Others

Deployment Outlook (Revenue, USD Billion; 2019-2030)
• On-premises
• Cloud

Analytics Outlook (Revenue, USD Billion; 2019-2030)
• Predictive analytcis
• Prescriptive analytics
• Diagnostic analytics
• Descriptive analytics

Vertical Insight Outlook (Revenue, USD Billion; 2019-2030)
• Banking, financing services & insurance
• Telecommunication & IT
• Retail & E-commerce
• Healthcare & lifesciences
• Government & defence
• Media & entertainment
• Travel & hospitality
• Other industry vertical

Regional Outlook (Revenue, USD Billion; 2019-2030)
• North America
o U.S.
o Canada
o Mexico

• Europe
o Germany
o U.K.
o France
o Italy
o Spain
o Sweden
o BENELUX
o Rest of Europe

• Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of APAC
• Latin America
o Brazil
o Rest of LATAM

• Middle East & Africa
o Saudi Arabia
o UAE
o South Africa
o Israel
o Rest of MEA

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Key Takeaways of the Social Media Analytics Market Report:

• A comprehensive overview of the global Social Media Analytics industry.
• Accurate market projections in terms of market size, share, and volume.
• Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
• Deep-dive analysis of the upcoming market trends.
• Qualitative and quantitative analyses of the Social Media Analytics Market.
• Elaborate study of the leading regional markets in the Social Media Analytics Market.
• Complete overview of the market’s competitive landscape.
• Brief look at the company profiles and portfolios.

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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Tushar Rajput
Reports and Data
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