Social Media Advertisement Market Size, Share, Statistics, Latest Trends, Segmentation And Forecast to 2030
The Business Research Company’s latest report Social Media Advertisement Global Market Report 2020 covers Social Media Advertisement market drivers, Social Media Advertisement market trends, Social Media Advertisement market segments, Social Media Advertisement market growth rate, Social Media Advertisement market major players, and Social Media Advertisement market size. The report provides in-depth analysis of the impact of COVID-19 on the Social Media Advertisement industry, along with revised market numbers due to the effects of the coronavirus.
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Social Media Advertisement Global Market Report 2020 is the most
comprehensive report available on this market and will help gain a truly global
perspective as it covers 60 geographies. The chapter on the impact of COVID-19
gives valuable insights on supply chain disruptions, logistical challenges, and
other economic implications of the virus on the market. The chapter also covers
markets which have been positively affected by the pandemic.
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The global social media advertisement market is expected to grow
from $86.41 billion in 2019 to $102.66 billion in 2020 at a compound annual
growth rate (CAGR) of 18.8%. The growth is mainly due to the COVID-19 outbreak
that has led to restrictive containment measures involving social distancing
that has increased digital content consumption and advertisements for
essentials and health and hygiene products over social media have increased.
The market is then expected to reach $221.01 billion in 2023 at a CAGR of
29.12%.
The report covers the
Social Media Advertisement market’s segments-
1) By Advertisement Type: Microblogging, Photo Sharing, Video
Sharing, Others.
2) By Device: Mobile, Personal Computers Or Laptops.
3) By End-Use Industry: Healthcare, Automotive, Retail, Telecom,
BFSI, Others.
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