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The global artificial intelligence (AI) in the social media market is forecast to reach USD 4.11 Billion by 2026, according to a new report by Reports and Data. The increasing need for understanding consumer needs and market trends is one of the major factors driving the market growth.
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Artificial Intelligence (AI) in Social Media Market to Reach USD 4.11 Billion By 2026
Market Summary: The increasing need for understanding consumer needs & market trends is propelling the growth of the artificial intelligence (AI) in social media market.Market Size – USD 650.2 Million in 2018, Market Growth - CAGR of 24.9%, Market Trends – Extensive adoption of smartphones. The global artificial intelligence (AI) in the social media market is forecast to reach USD 4.11 Billion by 2026, according to a new report by Reports and Data. The increasing need for understanding consumer needs and market trends is one of the major factors driving the market growth. Moreover, extensive adoption of smartphones, along with the popularity of social media, will also boost the growth of the market in the coming years. Further key findings from the report suggest • The predictive risk assessment application is anticipated to witness the highest CAGR of 26.3% during the forecast period, attributing to the ability of artificial intelligence solutions to identify potential risks and fraud by analyzing the data about consumers’ behavior and needs. • The retail industry is anticipated to witness the highest CAGR of 26.7% during the forecast period, attributed to the emergence of e-commerce, coupled with the growing popularity of social media platforms. www.reportsanddata.com
Key participants : Facebook, Google, IBM, AWS, Baidu, Adobe Systems, Twitter, Salesforce, Clarabridge, Snap, Sprinklr, Converseon, ISentium, Unmetric, Netbase, Cluep, Synthesio, Spredfast, Hootsuite, Crimson Heaxagon, Vidora, Sprout Social, Meltwater, and Talkwalker, among others. Segmentation: • Technology Outlook (Revenue, USD Million; 2016-2026), Machine Learning and Deep Learning, Natural Language Processing • Component Outlook (Revenue, USD Million; 2016-2026), Solutions, Software, Hardware, Services, Support and Maintenance, System Integration, Training • Organization Size Outlook (Revenue, USD Million; 2016-2026), Small and Medium-Sized Enterprises, Large Enterprises • Applications Outlook (Revenue, USD Million; 2016-2026), Sales and Marketing, Customer Experience Management, Image Recognition, Predictive Risk Assessment, Competitive Intelligence, Fraud Detection and Prevention, Compliance, Public Safety and Law Enforcement • Industry Vertical Outlook (Revenue, USD Million; 2016-2026), Retail and eCommerce, Banking, Financial Services, and Insurance, Media and Advertising, Education, Public Utilities www.reportsanddata.com
Regional Outlook for Artificial Intelligence (AI) in Social Media Market analyzes the following geographies • North America (United States, Canada, and Mexico) • Europe (Germany, France, UK, Russia, and Italy) • Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) • South America (Brazil, Argentina, Colombia, etc.) • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa www.reportsanddata.com
The report emphasizes the following key questions: • Q.1. What are the most lucrative and promising growth prospects for the market? • Q.2. Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? • Q.3. Which geographies are estimated to exhibit the highest growth and the underlying causes? • Q.4. Which factors are impacting the future of the market and what are the driving factors? • Q.5. What are the hurdles and challenges curtailing the industry’s growth in the forecast period? www.reportsanddata.com
About Us: Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact Us: John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com