Global Social Analytics Service Market Demand, Supply and Consumption 2020-2026

According to a research report "Social Media Analytics Market by Component, Application (Sales and Marketing Management, Customer Experience Management, and Competitive Intelligence), Deployment Model, Organization Size, Industry Vertical, and Region - Global Forecast to 2025" published by MarketsandMarkets, the global social media analytics market size is expected to grow from USD 3.6 billion in 2020 to USD 15.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 34.1% during the forecast period.

Major factors fueling the market growth are the increasing user engagement of social media using smartphones and increased focus on competitive intelligence.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=96768946The large enterprises segment to hold a larger market size during the forecast periodThe social media analytics market is segmented into large enterprises and Small and Medium-sized Enterprises (SMEs) by organization size.

The large enterprises segment is expected to have a larger market size during the forecast period, owing to large volumes of data being generated by large enterprises and the increasing demand for real-time social media analytics software and services.

However, the SMEs segment is expected to grow at a higher CAGR during the forecast period.Due to the high availability of timesaving cloud solutions, social media analytics software and services are expected to witness a prominent growth rate among SMEs during the forecast period.

Moreover, easy availability of social media analytics solutions as well as real-time support services are factors projected to drive the demand for such solutions across SMEs.By vertical, healthcare and life sciences to grow at the highest CAGR during the forecast periodThe social media analytics market by vertical has been segmented into Banking, Financial Services and Insurance (BFSI), telecommunications and Information Technology (IT), retail and eCommerce, healthcare and life sciences, media and entertainment, government and defense, travel and hospitality, and others (education and research, transportation and logistics, and energy and utilities).

A rise in the number of competitors and the emergence of a number of social media players in the online social platform are factors projected to contribute to the growth of this segment.North America to hold the largest market size during the forecast periodNorth America is the most significant revenue contributor to the social media analytics market.

The data is the new asset for an organization, thus the data generated from customers and service systems helps in analyzing and improving the overall services rapidly.

Furthermore, the solution analyzes the historical data to identify and rectify the potential issues that may lead to breakdown.

MarketsandMarkets forecasts the global Service Analytics Market to reach USD 1,056.1 million by 2023, at a Compound Annual Growth Rate (CAGR) of 14.1% during the forecast period.

Furthermore, with the developments made in the regulations, such as the General Data Protection Regulation (GDPR), and other data protection acts are expected to attract new customers in the coming years.

The emergence of Artificial Intelligence (AI) in the service analytics solution offers a responsive customer support by adapting to the customer’s behavior while interacting with the customer.

Available technologies coupled with the rapid adaptive capabilities of SMEs are further expected to drive the adoption of the service analytics solution worldwide.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=21442175Some of the major business applications of service analytics include field service analytics, customer service analytics, and IT service analytics.

The Social Media Analytics Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.

This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

The major players in the social media analytics market include Oracle, Salesforce, IBM, SAS Institute, Adobe, Clarabridge, NetBase Solutions, Brandwatch, Talkwalker, Digimind, Meltwater, SpreadFast, Cision, Simplify360, Hootsuite, Sprout Social, MetaQuotes Software, Socialbakers, Others.

This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Social Media Analytics Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/social-media-analytics-market/download-sampleMarket DynamicsThe market is primarily driven by growing usage of social media among people.

These have encouraged enterprises to adopt social media analytics solutions to understand users' needs and demand and the salability of their products.

Other driving factor is increasing demand from small and medium enterprises.

Social Media Analytics MarketIn this rapidly changing world of technology, social media analytics market is projected to show major growth prospects during the forecast period.

The continuous developments and increasing technological advancements are major factors leading to rapid adoption of social media analytics services.As compared to other regions, the social media analytics market in North America is expected to witness significant growth.

This is owing to the developed economies in that region.

In addition to this, the region also has a well-established infrastructure and allows high penetration of devices, while the developed economies in these regions is another reason for the growth of social media analytics market.The social media analytics market is growing rapidly over 28% of CAGR and is expected to reach at approx.

Increasing adoption of cloud services and solutions is another reason responsible for driving the growth of social media analytics market.Social media analytics market has been segmented on the basis of type, deployment, organization size, application and vertical.

The type segment is classified into solution and service segments.

Social Media Analytics Market TrendsThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Social Media Analytics Market Trends.

The growth sectors of the Social Media Analytics Market Trends are identified with precision for a better growth perspective.In this rapidly changing world of technology, social media analytics market is projected to show major growth prospects during the forecast period.

The continuous developments and increasing technological advancements are major factors leading to rapid adoption of social media analytics services.As compared to other regions, the social media analytics market in North America is expected to witness significant growth.

This is owing to the developed economies in that region.

In addition to this, the region also has a well-established infrastructure and allows high penetration of devices, while the developed economies in these regions is another reason for the growth of social media analytics market.The social media analytics market is growing rapidly over 28% of CAGR and is expected to reach at approx.

The application segment is further bifurcated into customer segmentation & targeting, multichannel campaign management, competitor bench marking, customer behavioral analysis, marketing measurement and others.

UpMarketResearch offers a latest published report on “Global Social Media Analytics Market Analysis and Forecast 2018-2025” delivering key insights and providing a competitive advantage to clients through a detailed report.

Get Free Exclusive PDF Sample Copy of This Report https://www.upmarketresearch.com/home/requested_sample/7189  Social Media Analytics Industry research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period.

Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

The numerical data is backed up by statistical tools such as SWOT analysis, BCG matrix, SCOT analysis, PESTLE analysis and so on.

The statistics are represented in graphical format for a clear understanding on facts and figures.

The generated report is firmly based on primary research, interviews with top executives, news sources and information insiders.

According to research report "Service Analytics Market by Business Application (Customer Service Analytics, Field Service Analytics, and IT Service Analytics), Component (Solution and Services), Deployment Model, Organization Size, Industry, and Region - Global Forecast to 2023", The service analytics market size is expected to grow from USD 546.4 million in 2018 to USD 1,056.1 million by 2023, at a Compound Annual Growth Rate (CAGR) of 14.1% during the forecast period.

The major factors driving the retail and eCommerce industry is the increasing eCommerce industry and rising retail stores going digital, which has led to the generation of huge services and customer data for performance improvement.

The need to understand the customer behavior for delivering customized services is supporting the adoption across this industry.Enquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=21442175The cloud segment is expected to grow at a higher CAGR during the forecast periodThe cloud segment is expected to account for a higher growth rate, as compared to the on-premises segment, due to the advancements in cloud technologies.

Moreover, cloud-based solutions provide agility and flexibility in use.

Moreover, these solutions require less physical setup, incur low maintenance costs, and provide 24/7 accessibility even from the remote location.APAC is expected to account for the third largest market share while expanding at the highest CAGRIn terms of market share, APAC is expected to continue its dominance during the forecast period.

The growing technology expenditures in countries, such as Australia, China, and India, and the demand for cost-effective data management software and services among the Small and Medium-sized Enterprises (SMEs) are expected to drive the market growth during the forecast period.Speak to Our Expert Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=21442175Vendors providing service analytics software and services include Oracle (US), Salesforce (US), ServiceNow (US), SAP (Germany), SAS (US), Tableau (US), Microsoft (US), ClickSoftware (US), Centina Systems (US), Paskon (US), Numerify (US), Field Squared (US), Helpshift (US), Aureus Analytics (Singapore), NetEnrich (US), BlueFletch (US), mobi corp (US), DataHero (US), Agile CRM (US), Sisense (US), and MicroStrategy (US).Speak to Our Expert Analyst: About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.

Talkwalker, the leading social listening and analytics company, today announced the acquisition of Nielsen Social, a leading provider of social measurement and audience insights software.

Nielsen Social’s innovative Social Content Ratings® solution will provide additional insights for Talkwalker’s market-leading, AI-enabled conversational intelligence platform.

The acquisition will build on Talkwalker’s existing strength in serving global brands and expand its presence in the U.S. enterprise market.“The decision to join forces with Nielsen Social underscores Talkwalker’s commitment to providing our enterprise customers with best-in-class solutions across our full breadth of use-cases,” said Robert Glaesener, CEO of Talkwalker.

“With the addition of Nielsen Social Content Ratings to our AI platform, we can expand our offering in consumer, category and audience insights, and further accelerate our global growth.”This acquisition represents another success point for Talkwalker this year.

With a new brand identity, a recently refreshed platform, the introduction of new innovative data visualization Conversation Clusters, and Quora data integration, the company continues to exceed the expectations of clients.

The additional insights that Nielsen Social Content Ratings provides for brands, media and sports demonstrates Talkwalker’s focus on building a powerful, unified conversational intelligence platform.“We are excited to have found a like-minded partner in Talkwalker, who shares our mission of delivering best-in-class measurement and analytics solutions to customers globally,” said Sean Casey, President of Nielsen Social.