Social Media Analytics Market 2020 Technical Signs Point Rapid Growth In Coming Years, Says Allied Market Research

Allied Market Research published a new report, titled, " Social Media Analytics Market " The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

The social media analytics market was valued at $1,269 million in 2014 and is projected to reach $9,383 million by 2022, growing at a CAGR of 29.2% from 2016 to 2022. The retail sector segment dominated the total end-user market in 2014.

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Social media analytics is used to evaluate data traces, which enables insights for social and business uses. It also helps the business to execute any brand campaign. Many enterprises are yet to discover its true potential. With a huge chunk of social media content exploding every second, social media analytics may become one of the most important tools for companies to make strategies and implement short-term plans.

Increase in number of social media users, rise in expenditure on analytics, and growth in market strategies & competitive intelligence are expected to drive the growth of the global social media analytics market. In addition, factors such as increase in cloud adoption and high rate of deployment in SMEs are expected to provide lucrative opportunity for the market growth. However, lack of skilled expertise and complexities in analytical workflow hamper the growth of the social media analytics market.

Asia-Pacific is estimated to grow at the fastest rate due to increase in the adoption of social media analytics industry and extensive growth rate in China, Japan, Philippines, and India pertaining to the increase in number of social media users and flourishing retail sector.

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Key Market Players Profiled in the Report:

• Oracle Corporation
• Adobe Systems, Inc.
• IBM Corporation
• SAP SE
• Netbase Solutions, Inc.
• Hootsuite Media, Inc.
• Tableau Software
• Crimson Hexagon
• SAS Institute
• Salesforce.com Inc.

Key Findings of the Social Media Analytics Market:

♦ Travel & hospitality, and other end-user sectors are expected to exhibit a significant increase in the social media analytics market growth.
♦ Customer behavioral analysis generated the highest revenue among other applications.
♦ Asia-Pacific is projected to exhibit a substantial growth during the forecast period.

Key questions answered in Social Media Analytics Market research study:

♦ What is the market growth rate of Social Media Analytics Market from 2020-2027?
♦ What will be the global market size of the market from 2020 to 2027?
♦ Who are the leading global players in the Social Media Analytics Market?
♦ What are the current trends and predicted trends?
♦ What are the challenges faced in the Social Media Analytics Market?
♦ Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?
♦ Which will be the anticipated growth rates for your own Social Media Analytics Market economy altogether and also for every segment inside?
♦ Which will be the Social Media Analytics Market application and types and forecast accompanied closely by producers?
♦ What are the conclusions of the Social Media Analytics Market report?

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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