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AI In Social Media Market in 2024 Share Size, Opportunities, Trends, Products, Revenue Analysis, For 2033
AI In Social Media Market Size
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AI In Social Media Market Soars As Growing Social Media Usage Revolutionizes Online Shopping Experience
The growing social media usage for online shopping is expected to propel the growth of AI in social media market going forward. Social media usage for online shopping refers to the growing trend of using social media platforms for discovering, researching, and purchasing products online. AI in social media is used for online shopping to enhance the shopping experience, improve product recommendations, and streamline the purchase process. It helps with personalized recommendations, visual search, chatbots and virtual assistants, customer support, fraud detection, and security. So, these factors boost AI in social media market. For instance, in December 2022, according to Influencer Marketing Hub, a Denmark-based media company, the number of social consumers in the US increased by more than 35%, and in 2022, social commerce sales in the country will be worth $53.10 million, or 5.1% of all online sales compared to previous years. In China, 11.7% of total retail eCommerce sales will be through social apps in 2020, and it had increase to 52% in 2022. Therefore, the growing social media usage for online shopping is driving the growth of AI in social media market.
Revolutionary AI Tool To Combat Misinformation And Enhance Accuracy In Social Media
Technological advancement is a key trend gaining popularity in the AI in social media markets. Major companies operating in the AI in social media market are developing innovative technologies to sustain their position in the market. For instance, in July 2022, Meta Platforms, Inc., a US-based technology company, launched a new AI-powered tool called Sphere. It is the first AI model capable of instantly scanning millions of citations to see if they genuinely support the associated assertion. This innovative artificial intelligence (AI) program would identify and address false information, or fake news, on the internet and on Facebook, Instagram, and WhatsApp, which contribute to the spread of misinformation online, to improve the accuracy of Wikipedia pages. Additionally, Sphere's dataset, which consists of 134 million public webpages, uses the internet's collective wisdom to quickly examine hundreds of thousands of online citations in an effort to look for factual inaccuracies. The tool is expected to help improve the accuracy and reliability of information online and ultimately combat the spread of misinformation on social media.
The ai in social media market covered in this report is segmented -
1) By Component: Solutions, Services
2) By Technology: Machine Learning And Deep Learning, Natural Language Processing (NLP)
3) By Enterprise Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
4) By Application: Customer Experience Management, Sales And Marketing, Image Recognition, Predictive Risk Assessment, Other Applications
5) By End User: Retail, E-commerce, Banking, Financial Services And Insurance (BFSI), Media And Advertising, Education, Public Utilities, Others End-Users
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Major companies operating in the ai in social media market report are Meta Platforms Inc., International Business Machines Corporation, Microsoft Corporation, Adobe Inc., Snap Inc., Amazon Web Services Inc., Google LLC, Salesforce Inc., Twitter Inc., Baidu Inc., Hootsuite Inc., Clarabridge, NetBase Solutions Inc., Talkwalker, Converseon Inc., Sprinklr, ByteDance Ltd., Pinterest Inc., Reddit Inc., Sprout Social Inc., Buffer Inc., Socialbakers Inc., Brandwatch GmbH, Meltwater Group ASA, Crimson Hexagon Inc., Khoros Inc., Falcon.io, Zoho Corporation Pvt. Ltd., Brand24 sp. z o.o., Oktopost
Contents of the report:
1. Executive Summary
2. AI In Social Media Market Report Structure
3. AI In Social Media Market Trends And Strategies
4. AI In Social Media Market - Macro Economic Scenario
5. AI In Social Media Market Size And Growth
…..
27. AI In Social Media Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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