Global Social Media Management Market to Reach $97.8 Billion by 2030
The global market for Social Media Management estimated at US$31.4 Billion in the year 2023, is expected to reach US$97.8 Billion by 2030, growing at a CAGR of 17.6% over the period 2023-2030. Social Media Management Solutions, one of the segments analyzed in the report, is expected to record 16.1% CAGR and reach US$70.9 Billion by the end of the analysis period. Growth in the Social Media Management Services segment is estimated at 22.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $8.2 Billion, While China is Forecast to Grow at 22.8% CAGR
The Social Media Management market in the U.S. is estimated at US$8.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$25.1 Billion by the year 2030 trailing a CAGR of 22.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13% and 15.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 14.3% CAGR.
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