Global Social Media IT Spending Market to Reach $197.5 Billion by 2027
Amid the COVID-19 crisis, the global market for Social Media IT Spending estimated at US$58.6 Billion in the year 2020, is projected to reach a revised size of US$197.5 Billion by 2027, growing at a CAGR of 19% over the period 2020-2027.
The U.S. Market is Estimated at $17.5 Billion, While China is Forecast to Grow at 18.6% CAGR
The Social Media IT Spending market in the U.S. is estimated at US$17.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$34.8 Billion by the year 2027 trailing a CAGR of 18.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.9% and 16.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.2% CAGR.
Select Competitors (Total 42 Featured):
Amid the COVID-19 crisis, the global market for Social Media IT Spending estimated at US$58.6 Billion in the year 2020, is projected to reach a revised size of US$197.5 Billion by 2027, growing at a CAGR of 19% over the period 2020-2027.
The U.S. Market is Estimated at $17.5 Billion, While China is Forecast to Grow at 18.6% CAGR
The Social Media IT Spending market in the U.S. is estimated at US$17.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$34.8 Billion by the year 2027 trailing a CAGR of 18.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.9% and 16.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.2% CAGR.
Select Competitors (Total 42 Featured):
- Adobe Systems, Inc.
- Akamai Technologies, Inc.
- Cisco Systems, Inc.
- Dell EMC
- Google Analytics
- Hewlett-Packard Development Company LP
- Hubspot Inc.
- IBM Corporation
- Juniper Networks, Inc.
- Kenshoo, Ltd.
- Microsoft Corporation
- NetApp, Inc.
- Oracle Corporation
- Salesforce.com, Inc.
- SAP SE
- SAS AB
- Tencent Holdings Ltd.
- Unmetric Inc.
- VMware, Inc.
Frequently Asked Questions about the Global Market for Social Media IT Spending
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Report Attribute | Details |
---|---|
No. of Pages | 104 |
Published | April 2021 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD ) in 2020 | $ 58.6 Billion |
Forecasted Market Value ( USD ) by 2027 | $ 197.5 Billion |
Compound Annual Growth Rate | 19.0% |
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION