Jan 15, 2021 (The Expresswire) -- Global “ Artificial Intelligence (AI) in Social Media Market ”Report 2021 studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors, and Porter's Five Forces Analysis. Also, Artificial Intelligence (AI) in Social Media Market is predicted to grow at a CAGR of 28.69 during the forecast period. And report provides a complete market overview, a list of top manufactures, the scope of the report, key market trends of the Artificial Intelligence (AI) in Social Media market, and the main aspect of the report- why do you have to buy this research report? So don’t miss it.
The report gives - Who are the global key players in this keyword market? What are their company profile, product information, and contact information? What Was the Global Market Status of Artificial Intelligence (AI) in Social Media Market? What Was Capacity, Production Value, Cost and PROFIT of Artificial Intelligence (AI) in Social Media Market?
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Artificial Intelligence (AI) in Social Media Market Overview 2021:
The Artificial Intelligence(AI) market in social media was valued at USD 365.83 million in 2017, and is expected to reach USD 2,234.56 million by 2023, recording a CAGR of 28.69%, during the forecast period of 2018-2023. The report profiles the providers of structural electronics, for various industries.
In social media, artificial intelligence is gaining prominence, as most modern-day consumers are active on social media. With the increasing volume of unstructured data, booming number of social media influencers, and rising number of requests for service via social channels, marketers from various end-user industries (such as BFSI, e-commerce, telecommunication, etc.,) are actively exploring AI-based tools, to leverage the power of social media.
In addition, the increasing adoption of AI technologies for numerous applications in social media and rising use of AI-enabled smartphones are anticipated to fuel the growth of the AI in social media market. However, the presence of a limited number of AI experts and sluggish adoption of AI in developing economies are projected to hamper the growth of the market studied, over the forecast period.
NLP Technology Expected to Witness Significant Growth
Natural language processing (NLP) technology is an evolving branch of AI, which is used to collect, analyze, and visualize customer-related data, such as responses to particular products and services. NLP-based applications are well suited for interaction with humans, as they understand the delicate nuances of context, speech, dialects, and pronunciations. Mostly used in social media monitoring, NLP is a vital tool that comprehends and analyzes the responses to business messages, which are published on social media platforms. It helps to analyze the attitude and emotional state of the writer (person commenting/engaging with the posts).
Asia-Pacific Expected to Register the Highest CAGR in Artificial Intelligence (AI) in Social Media Market
By region, the Asia-Pacific segment is projected to witness the fastest growth in the AI in social media market, over the forecast period. This robust growth can be attributed to the healthy expansion of social media user base and increase in smartphone penetration. Moreover, Adobeâs â2018 Digital Intelligence Briefingâ indicates that Asia-Pacific digital marketing firms lead the industry, while employing AI technologies. The briefing further noted that smart organizations are investing in disruptive technologies, to bolster productivity and deliver compelling experiences for customers. According to HootSuite, the most widely used social media management platform, social media impact is the topmost priority for businesses in Asia-Pacific. The above-mentioned factors are expected to augment the demand for AI-enabled solutions, over the forecast period.
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Top Key-players/Leading Manufacturers of Artificial Intelligence (AI) in Social Media Market:
● Google LLC ● Microsoft Corporation ● Facebook Inc. ● Amazon Web Services Inc. ● IBM Corporation ● Adobe Systems Incorporated ● Salesforce.com Inc. ● Baidu Inc. ● Snap Inc. ● Clarabridge Inc. ● HootSuite Media Inc. ● Meltwater News US Inc. ● Crimson Hexagon Inc. ● Sprout Social Inc.
With tables and figures helping analyze the worldwide Global Artificial Intelligence (AI) in Social Media market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
The Global Artificial Intelligence (AI) in Social Media market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
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