Avail A Limited Period Discount Of 33% On Uniquely Designed Opportunities And Strategies Market Research Reports. Contact TBRC Today And Create Winning Strategies For Any Business (www.thebusinessresearchcompany.com/opportunities-and-strategies-reports).
LONDON, Nov. 9, 2022 /PRNewswire/ -- The increasing adoption of 5G networks is expected to drive the demand for digital advertising services in social media market. 5G networks will accelerate the uptake of digital advertising applications and services and enable new use cases. 5G will also lead to an increase in data traffic, not only from smartphones, but also from the Internet of Things (IoT)-enabled devices. By 2025, 5G connections in the USA are predicted to reach 252 million. Therefore, the rapidly growing 5G technology will enable businesses to increase digital advertising, driving the social media market value.
The global social media market size grew from $159.68 billion in 2021 to $221.29 billion in 2022 at a compound annual growth rate (CAGR) of 38.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The social media market share is expected to grow to $777.64 billion in 2026 at a CAGR of 36.9%.
Request a free sample of the Social Media Market Report
Augmented Reality Is A Key Trend In The Social Media Market
As per the social media market research, companies involved in social media market are increasingly investing in augmented reality (AR) to better engage end-users and drive revenues. AR consists of three basic features - a combination of real and virtual worlds, real-time interaction and accurate 3D registration of virtual and real objects. The use of AR in digital advertising provides an interactive experience of a real-world environment where the objects that reside in the real world are enhanced by computer-generated perceptual information.
Cyberattacks And Data Security - A Major Restraint For The Market
The USA social media market is expected to be limited by rising online security challenges such as data thefts and cyberattacks. The increasing number of social media users and online consumers will increase the challenge to protect the data and safeguard sensitive personal information.
Social Media Market Segments
The global social media market is segmented -
- By Type: Social Media Advertisement, Social Media Subscription
- By Service: Social Networking, Micro Blogging and Instant Messaging, Photo Sharing Networks
- By End-User Industry: Retail and Wholesale, Transportation Manufacturing, Food and Beverages, Financial Services, Information Technology, Electrical And Electronics Manufacturing, Media and Recreation, Transportation Services, Healthcare, Others
See more on the Social Media Market Report
Check out similar market reports:
Social Media Subscription Global Market Report 2022 - By Type (Refill, Customize, And Membership), By Payment Mode (Cash On Delivery, And Online Payments), By Application (Beauty And Personal Care, Food And Beverage, Clothing And Fashion, Entertainment, Health And Fitness, And Other Applications), By End Users (Adults, And Kids) - Market Size, Trends, And Global Forecast 2022-2026
Social Media Advertisement Global Market Report 2022 - By Advertisement Type (Microblogging, Photo Sharing, Video Sharing, Other Types), By Device (Mobile, Personal Computers Or Laptops), By End-Use Industry (Healthcare, Automotive, Retail, Telecom, BFSI, Other End Users) - Market Size, Trends, And Global Forecast 2022-2026
5G Services Global Market Report 2022 - By Communication Type (Fixed Wireless Access (FWA), Enhanced Mobile Broadband (EMBB), Ultra-Reliable And Low Latency Communications (URLLC), Massive Machine-Type Communications (MMTC)), By End-User (Manufacturing, Energy & Utilities, Media & Entertainment, IT & Telecom, Transportation & Logistics, Healthcare), By Vertical (Smart Cities, Smart Buildings, Connected Factories, Smart Utilities, Connected Healthcare, Connected Retail) - Market Size, Trends, And Global Forecast 2022-2026
Interested to know more about The Business Research Company?
The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally, it has strategy enablement specialists in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology.
The World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.
Contact Information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: http://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Logo: https://mma.prnewswire.com/media/1751581/tbrc_logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/the-usa-social-media-market-is-expected-to-grow-at-an-almost-37-rate-with-the-rising-adoption-of-5g-networks-by-tbrc-301671785.html
