Press release
Web Content, Search Portals And Social Media Market Opportunities 2024-2033 - Size, Growth Analysis, Outlook, Overview
The web content, search portals and social media market size has grown rapidly in recent years. It will grow from $739.6 billion in 2023 to $848.3 billion in 2024 at a compound annual growth rate (CAGR) of 14.7%. The growth in the historic period can be attributed to internet penetration, mobile adoption, social media adoption, content creation and sharing.The web content, search portals and social media market size is expected to see rapid growth in the next few years. It will grow to $1427.81 billion in 2028 at a compound annual growth rate (CAGR) of 13.9%. The growth in the forecast period can be attributed to e-commerce integration, emerging markets, environmental and ethical considerations, content personalization, video content. Major trends in the forecast period include electrification and lightweighting, advanced materials, additive manufacturing, digitalization and connectivity, collaboration and partnerships, .
Market Overview -
Web content refers to the written, visual, or auditory material that users encounter while using websites. A search portal refers to a web directory, a search tool, and other helpful functions such as file storage, gaming, email, and ecommerce directories. Social media is a computer-based technology that makes it possible to share concepts, ideas, and knowledge through online groups and networks.
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Mobile Revolution How Increased Device Penetration And Data Consumption Fuel The Web Content, Search Portals, Seo Services, And Social Media Market
Rising penetration of mobile, tablet and other electronics and rising data consumption will drive the web content, search portals, SEO services, and social media market. An increase in sales of internet-accessible electronic devices such as smartphones and tablets lead to an increase in the consumption of digital content For instance, in November 2022, according to the International Telecommunication Union, a Switzerland-based UN body in charge of a multitude of areas, including communication and technological advancements, 73% of people aged 10 and above possess a smartphone in 2022, which is 7% greater than the share of the population that uses the Internet, eventually driving the revenues of web content, search portals and social media companies. This increasing use of smartphones is expected to increase internet usage, hence driving the web content, search portals, SEO services, and social media market.
Competitive Landscape -
Major companies operating in the web content, search portals and social media market include Google LLC, Facebook Inc., Tencent Holdings Limited, Baidu Inc., Netflix Inc., Twitter Inc., LinkedIn Corporation, Reddit Inc., Pinterest Inc., Snap Inc., TikTok Inc., YouTube LLC, Instagram LLC, WhatsApp Inc., Tencent Holdings Limited, LINE Corporation, Viber Media S.à r.l., Telegram Messenger LLP, Tumblr Inc., Flickr Inc., Vimeo LLC, SoundCloud Limited, Spotify AB, Pandora Media LLC, iHeartMedia Inc., Apple Inc., Amazon.com Inc., Tidal Music AS, Deezer SA, Shazam Entertainment Limited.
Elevating User Engagement The Impact Of Progressive Web Applications (PWAS) In The Digital Publishing And Content Streaming Market
Companies in the digital publishing and content streaming market are developing progressive web applications (PWAs) to drive user engagement and revenues. PWAs are applications within a web browser, displayed as a website. PWAs enable developers to develop a single app that can work across all platforms and devices, leading to significant savings in the time and effort taken for app development. PWAs help web content publishing companies to maximize reach, increase the level of user engagement, and provide a unified customer experience. For example, Flutter, supported and developed by Google, is the latest framework used for developing mobile applications for operating systems such as iOS and Android. PWAs developed by Washington Post, an American news publishing company, have resulted in increasing the rate of user engagement by as much as five times.
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Key Segments -
The web content, search portals and social media market covered in this report is segmented -
1) By Type: Social Media, Internet Search Portals, Digital Publishing And Content Streaming, Search Engine Optimization Services
2) By Deployment Mode: On-premises, Cloud
3) By Organization Size: Large Enterprises, Small and Medium-sized Enterprises (SMEs)
Subsegments Covered: Social Media Advertisement, Social Media Subscription Content Streaming, Digital Publishing, Agencies SEO Services, Freelancer SEO Services
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamic
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