Social Media IT Spending Market 2020-2027 and Impact of COVID-19 - ResearchAndMarkets.com

DUBLIN--()--The "Social Media IT Spending - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to this 9th edition of this report. The 104-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Social Media IT Spending Market to Reach US$197.5 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Social Media IT Spending estimated at US$58.6 Billion in the year 2020, is projected to reach a revised size of US$197.5 Billion by 2027, growing at a CAGR of 19% over the period 2020-2027.

The U.S. Accounts for Over 29.8% of Global Market Size in 2020, While China is Forecast to Grow at a 18.6% CAGR for the Period of 2020-2027

The Social Media IT Spending market in the U.S. is estimated at US$17.5 Billion in the year 2020. The country currently accounts for a 29.81% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$34.8 Billion in the year 2027 trailing a CAGR of 18.6% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.9% and 16.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.2% CAGR while Rest of European market (as defined in the study) will reach US$34.8 Billion by the year 2027.

Competitors identified in this market include, among others:

  • Adobe Systems, Inc.
  • Akamai Technologies, Inc.
  • Cisco Systems, Inc.
  • Dell EMC
  • Google Analytics
  • Hewlett-Packard Development Company L.P.
  • Hubspot Inc.
  • IBM Corporation
  • Juniper Networks, Inc.
  • Kenshoo, Ltd.
  • Microsoft Corporation
  • NetApp, Inc.
  • Oracle Corporation
  • Salesforce.com, Inc.
  • SAP SE
  • SAS AB
  • Tencent Holdings Ltd.
  • Unmetric Inc.
  • VMware, Inc.

Total Companies Profiled: 42

For more information about this report visit https://www.researchandmarkets.com/r/y3zqfb

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900