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New Analysis from Global Industry Analysts Reveals Steady Growth for Social Media IT Spending, with the Market to Reach $169.4 Billion Worldwide by 2026
SAN FRANCISCO , July 4, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Social Media IT Spending - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
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Edition: 9; Released: January 2022
Executive Pool: 57317
Companies: 13 - Players covered include Adobe Systems, Inc.; Akamai Technologies, Inc.; Cisco Systems, Inc.; Dell EMC; Google Analytics; Hewlett-Packard Development Company LP; Hubspot Inc.; IBM Corporation; Juniper Networks, Inc.; Kenshoo, Ltd.; Microsoft Corporation; NetApp, Inc.; Oracle Corporation; Salesforce.com, Inc.; SAP SE; SAS AB; Tencent Holdings Ltd.; Unmetric Inc.; VMware, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Segment (Social Media IT Spending)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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ABSTRACT-
Global Social Media IT Spending Market to Reach $169.4 Billion by 2026
Amid the COVID-19 crisis, the global market for Social Media IT Spending estimated at US$58.6 Billion, is projected to reach a revised size of US$169.4 Billion by 2026, growing at a CAGR of 19% over the analysis period.
The U.S. Market is Estimated at $21.6 Billion in 2021, While China is Forecast to Reach $30 Billion by 2026
The Social Media IT Spending market in the U.S. is estimated at US$21.6 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$30 Billion by the year 2026 trailing a CAGR of 18.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.9% and 16.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 13.2% CAGR. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]
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SOURCE Global Industry Analysts, Inc.
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