Social Media Management Market Size, Industry Share & Forecast 2029
Social Media Management Market size touched USD 14.8 billion in 2021 and is projected to reach USD 68.9 billion in 2029 and the market is estimated to grow at a very high CAGR of 21.2% from 2022-2029. The factors driving growth of the Social Media Management Market includes huge volumes of data generated across social media platforms, rise in the number social media users around the world, emergence of new start-ups, growing trend of Work from Home (WFH) and improvements in the living standards. Moreover, integration of Artificial Intelligence (AI) and Machine Learning (ML) with social media management solutions, rapid urbanization and increasing application of social media management tools help in engaging with influencers, monitoring online conversations with customers, and distributing online content for social networks, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major companies on research and development, r...