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Research and Markets - Facebook Developing Standalone Camera AppDUBLIN, April 27, 2016 /PRNewswire/ -- Facebook is developing a standalone camera app that will allow users to share photos and videos directly to the social network. The app is still in the early stages of development, according to sources with knowledge of the project, but the social media giant is hoping it will encourage users to increase the amount of personal updates and photos they post. (Logo: http://photos.prnewswire.com/prnh/20160330/349511LOGO )
The new app would provide a new platform to sell advertising as well. Advertisement spending on social media has grown steadily over the last decade because it allows brands to interact with consumers directly. It has proven to be an effective platform for communication and has led to increased web traffic and brand visibility. The overall social networking market is set to grow at a CAGR of around 18%. For further information on this topic, and a full list of all related documentation, please visit the Social Media section at http://www.researchandmarkets.com/rm/OHMM. About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Source: http://www.reuters.com/article/us-facebook-photoapp-idUSKCN0XM25D
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