Social Media Global Market Report 2022 – Press Release


New York, March 08, 2022 (GLOBE NEWSWIRE) — announces the release of the report “Social Media Global Market Report 2022” –
11 billion in 2022 at a compound annual growth rate (CAGR) of 39.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $833.50 billion in 2026 at a CAGR of 39%.

The social media market consists of sales by entities (organizations, sole traders or partnerships) that enable customers to interact, create and share content and information.Social media enables users to share pictures, videos, and audio files.

This market includes revenues from sales from advertisements and other services offered on social media platforms.

The main types of social media are social media advertisement and social media subscription.Social media advertising is a type of digital advertising which uses social media platforms including Twitter, LinkedIn, Instagram, Facebook, and Pinterest to provide sponsored adverts to the target audience.

The different services include social networking, microblogging and instant messaging, photo sharing networks and is used by various sectors such as retail and wholesale, transportation manufacturing, food and beverages, financial services, information technology, electrical and electronics manufacturing, media and recreation, transportation services, healthcare, others.

Asia Pacific was the largest region in the social media market in 2021.Africa is expected to be the fastest growing region in the forecast period.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Rising penetration of…