TMCnet News
Social Networking Market size to increase by USD 163.6 billion between 2022-2027, The increased Internet penetration to drive growth - TechnavioNEW YORK, Jan. 24, 2024 /PRNewswire/ -- The global social networking market size is estimated to grow by USD 163.6 billion from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 16.9% during the forecast period. The global Social Networking industry is propelled by increased Internet penetration, with platforms like Facebook, YouTube, and WhatsApp witnessing significant demand. The expanding user base, facilitated by pervasive Internet access, fosters diverse and active online communities, enhancing social interaction and engagement. More details on Market size and coverage with Historic and forecast opportunities (2017 to 2027). Download a Free Sample Report in minutes! Technavio has segmented the market based on Type (Advertising, In-app purchase, and Paid apps), Distribution Channel (Google and Apple), and Geography (North America, APAC, Europe, South America, and Middle East and Africa).
Social media advertisements gaining traction is an emerging trend fueling the growth, whereas privacy concerns hamper growth, says a senior analyst at Technavio. Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021), and forecast period(2023 to 2027)- Request a sample report! What are the key data covered in this Social Networking Market report?
Popular Social Networking Applications and Websites The Social Networking Market is a dynamic landscape dominated by platforms like Facebook, Twitter, Instagram, LinkedIn, Snapchat, TikTok, and YouTube. Emerging and established networks such as WhatsApp, WeChat, Tumblr, Reddit, Telegram, and Viber contribute to the diverse ecosystem. From the iconic Skype to newer entrants like Discord, Google+, MySpace, Friendster, Hi5, Orkut, Xing, Meetup, Vine, Periscope, Gab, Minds, Ello, Parler, Peach, and Mastodon, the market offers an extensive array of social connectivity options. Gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Related Reports: The social media analytics market is estimated to grow at a CAGR of 23.29% between 2022 and 2027. The size of the market is forecast to increase by USD 7,260.33 million. Artificial intelligence (AI) in the social media market size is expected to increase by USD 3.66 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 26.93%. ToC 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation by Type 7 Market Segmentation by Distribution Channel 8 Customer Landscape 9 Geographic Landscape 10 Drivers, Challenges, and Trends 11 Vendor Landscape 12 Vendor Analysis 13 Appendix About US Contact View original content to download multimedia:https://www.prnewswire.com/news-releases/social-networking-market-size-to-increase-by-usd-163-6-billion-between-2022-2027--the-increased-internet-penetration-to-drive-growth---technavio-302042298.html SOURCE Technavio |