Global AI in Social Media Strategic Intelligence Report 2024: Market to Reach $8.1 Billion by 2030 – Big Data Overload Accelerates Content Chaos Challenge Amid Rising Need for Information Governance

DUBLIN, Feb. 20, 2024 /PRNewswire/ — The “Artificial Intelligence (AI) in Social Media – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

Global Artificial Intelligence (AI) in Social Media Market to Reach $8.1 Billion by 2030

The global market for Artificial Intelligence (AI) in Social Media estimated at US$1.9 Billion in the year 2022, is projected to reach a revised size of US$8.1 Billion by 2030, growing at a CAGR of 20.1% over the analysis period 2022-2030.

Solutions, one of the segments analyzed in the report, is projected to record 18.1% CAGR and reach US$4.8 Billion by the end of the analysis period. Growth in the Services segment is estimated at 23.5% CAGR for the next 8-year period.

The growing adoption of AI, accelerated by the COVID-19 pandemic, is expected to drive long-term growth in the market. The pandemic has tipped the scale in favor of AI, with its applications expanding across various sectors. In the competitive scenario, players worldwide exhibit varying degrees of market presence, categorized as strong, active, niche, or trivial.

AI, a transformative force enabled by various technologies, continues to be on an upward trend, offering a host of compelling benefits across social media platforms. However, its deployment poses enormous challenges, including limitations that indicate the need for human intervention in certain contexts.

Despite challenges, AI’s role in social media remains pivotal, offering a bundle of opportunities for content generation and engagement. The pandemic has significantly impacted the market, presenting both challenges and opportunities for AI applications in social media.

Market analysis by technology, enterprise size, and application, along with regional insights, provides a comprehensive understanding of the AI landscape in social media. Recent market activity reflects ongoing innovation and adaptation to evolving consumer needs and technological advancements. As AI continues to reshape the social media landscape, stakeholders are poised to capitalize on its vast potential for growth and transformation.

 The U.S. Market is Estimated at $786.3 Million, While China is Forecast to Grow at 24.6% CAGR

The Artificial Intelligence (AI) in Social Media market in the U.S. is estimated at US$786.3 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 24.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.5% and 18.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 21% CAGR.

MARKET TRENDS & DRIVERS

Social Media Trends Creating Perfect Landscape for Artificial IntelligenceAI Provides Real Time Information to Target AudienceDigital Capabilities for Social Media Platforms Move to Next Level with AIFactors Making AI a Powerful Buzz in Social Media DomainAccelerating Pace of Digital Transformation to Benefit Demand for AIAccelerating AI Growth Backed by Future Secure Digital InfrastructureDemand for Artificial Intelligence, Machine Learning, and Deep Learning Gains MomentumBig Data Overload Accelerates Content Chaos Challenge Amid Rising Need for Information Governance (IG)Increasing investments and R&D in AI Start-Ups to Jack up Market DemandAI Technology’s Huge Impact on Social Media Attracts Big Tech Companies for Long Term InvestmentsAI / ML Offers Significant ROI Possibilities for EnterprisesIncreasing Use of Artificial Intelligence Leads to Regulation Concern in EnterprisesPurpose-Built AI Infrastructure Gaining Importance in Modern EnterprisesMachine Learning and AI-Assisted Platforms Personalize Customer Experiences in Marketing ApplicationsGenerative AI Gains Traction in Various Sales and Marketing FunctionsGen Z Executives Are More Inclined to Adopt GAI Compared to Their Millennial and Gen X CounterpartsAI Enables Availability of Effective Data for Public Health ServiceseCommerce Explodes Into a Multi-Billion Dollar Market Opportunity for Social Media AIRobust Growth of Online Learning/e-Learning Strengthens the Business Case for Social Media AIDigital Advertising and Marketing: Transforming, Transitioning & Conditioning Brand-Consumer RelationshipsEmerging Digital Advertising & Marketing Challenges Call for Swift Action from BrandsEmphasis on Social AdvertisingNotable Technology Trends in Digital Advertising MarketAI in Media & Advertising: Targeting Customers with Right Marketing ContentGrowing Use of Social Media Platforms: A Lucrative Opportunity for Digital AdvertisersSocial Commerce Through Social Media PlatformsIT Infrastructure Management Realm Emerges as Next Destination for AI TechnologiesIndustry Collaboration with AI & ML Solutions to Optimize Digital Transformation StrategiesNew and Improved Concepts in ML and AI take StageDeep Learning and Digital Assistant Technologies Present Significant Growth PotentialDeep Learning & ML-Based Tools Fuel Self-Service AutomationMillennials Emerge as Key Demographic for Social Media AI MarketChallenges of Artificial Intelligence and Social Media

FOCUS ON SELECT PLAYERS (Total 42 Featured)

Adobe SystemsAWSBaiduClarabridgeCluepConverseonCrimson HeaxagonFacebookGoogleHootsuiteIBMISentiumMeltwaterMicrosoftNetbaseSalesforceSnapSpredfastSprinklrSprout SocialSynthesioTalkwalkerTwitterUnmetricVidora

For more information about this report visit https://www.researchandmarkets.com/r/8fd7uo

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