Social Media Analytics Market by Application (Sales and Marketing Management, Customer Experience Management, Competitive Intelligence), Component, Analytics Type, Deployment, Organization Size, Industry Vertical, and Region - Global Forecast to 2022
[178 Pages Report] The global social media analytics market size is expected to grow from USD 2.71 billion in 2017 to USD 9.54 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 28.6% during the forecast period. Key growth factors such as the increased focus on market and competitive intelligence, the increasing user engagement of social media using smartphones, and the need of social media measurement to enhance the customer experience are expected to drive the growth of the global market. Also, voluminous data generation through social media platforms and increasing cloud adoption trends to create many opportunities for vendors of social media analytics solutions
Selected Market Dynamics in Social Media Analytics Market
Increased focus on market and competitive intelligence
The global competition continues to affect the profit margins and companies are constantly on the lookout for solutions to reduce their expenses. Companies need to integrate the demographic, competitive, and business information, along with the customers data to find out the intricacies to outperform their competitors. Organizations are trying to focus on analyzing the sales and various markets to identify the gaps. Customers these days have become brand conscious. They demand better quality, lower price, and faster delivery of products and services. Advanced analytics is being incorporated to help achieve the market goals. Social media analytics helps analyze the unstructured social data to respond to dynamic market conditions, and achieve high sales and operational profitability. Organizations can retrieve huge amounts of information about their markets and customers, and automate the marketing and operational tasks. The companies can make use of social media analytics to improve their market presence and gain a competitive edge by effectively analyzing the competition and customer behavior from the social media platforms. Social media analytics solutions have various applications, such as customer experience management, sales and marketing management, performance monitoring, and workforce management, which also provide functionalities for organizations to gain a competitive edge.
Complexities in the analytical workflow
Any analytical workflow involves various important steps, such as data identification, setting parameters, defining business rules, data preparation, execution, data modelling, and visualization. Companies are making use of various analytical methodologies, such as predictive, prescriptive, and descriptive analytics to create maximum value out of social media data. The data obtained from various social media sites is unstructured and require additional functionalities to structure it and improve the insights. This is because, data is obtained in terms of comments, social listening, and debate opinions. Social media analytics is still in the nascent phase and organizations are trying to create a robust single platform to extract, transform, load, evaluate, and analyze social media data. Analysts have to integrate huge amounts of social media data from various social platforms and create efficient models to generate expected outcomes. In order to make valuable insights from a business standpoint, to increase the adoption of social media analytics, vendors have to come up with flexible options and simple workflows to reduce costs, which attract SMEs also to start using it.
The report provides detailed insights into the global social media analytics market, which is segmented by application, component, analytics type, deployment model, organization size, industry vertical, and region. In the component segment, the social media analytics software segment is expected to have a larger market share during the forecast period. The demand for social media analytics software is rising, as organizations need a solution to measure, monitor, and analyze the social media data to understand the customers sentiments. Social media analytics vendors provide software that assist companies with the data collection and data analysis for generating meaningful insights into customer sentiments, voice of the customer, and the volume of posts. Social media analytics software filters the aggregated and enriched data, so that it can be analyzed to provide a high throughput from multiple social media platforms.
Sales and marketing management application segment to hold a larger market size during the forecast period
Among applications, the sales and marketing management application is expected to continue its dominance during the forecast period. Sales and marketing management assists users in improving their businesses solutions to analyze unstructured data and understand customer behaviors by detecting the trends and patterns. It also provides corrective measures by enabling real-time alerts and provides automated remedial actions.
The retail and ecommerce industry vertical is expected to have the largest market share during the forecast period
The retail and ecommerce industry vertical is expected to have the largest market share and lead the market during the forecast period. Social media analytics can be used by retail and ecommerce vendors to measure campaign performance, identify growth opportunities, improve their products, keep a tab on their competitors, and improve their post-sale support and services.
The prescriptive analytics type is expected to grow at the highest CAGR, due to the increasing use of analytical technologies to optimize the market outcomes, limit the risks, and derive insights using the data obtained from social media platforms.
North America is expected to have a largest market size during the forecast period
North America, owing to the early adoption of new and emerging technologies and the presence of the major industry players, is expected to continue to dominate the market during the forecast period. The APAC region is expected to grow at the highest CAGR during the forecast period, owing to the growing adoption of social media analytics software and services among SMEs.
Key market players
The global social media analytics market is fragmented in nature, as no single vendor dominates the market. Vendors that offer social media analytics software and services include Salesforce (US), Oracle Corporation (US), SAS Institute Inc. (US), Adobe Systems Incorporated (US), International Business Machines Corporation (US), GoodData Corporation (US), Brandwatch (UK), Clarabridge, Inc. (US), Digimind (US), Crimson Hexagon, Inc. (US), Sysomos (Canada), Simply Measured, Inc. (US), Talkwalker Inc. (Luxembourg), Unmetric Inc. (US), Netbase Solutions, Inc. (US), Cision US Inc. (US), Simplify360, Inc. (India), Hootsuite Media Inc. (Canada), Meltwater (US), Germinait Solutions Private Limited (India), Socialbakers (US), Spredfast, Inc. (US), Sprinkler, Inc. (US), Lithium Technologies, Inc. (US), Synthesio (US), and Tableau Software Inc. (US). These vendors have adopted different types of organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, expansions, and acquisitions, to expand their offerings in the market.
Scope of the report
|
Report Metric |
Details |
|
Market size available for years |
20152022 |
|
Base year considered |
2016 |
|
Forecast period |
20172022 |
|
Forecast units |
Million (USD) |
|
Segments covered |
Component, Application, analytics types, deployment model, Organization Size, Industry Vertical, and Region |
|
Geographies covered |
North America, APAC, Europe, Latin America, and MEA |
|
Companies covered |
International Business Machines Corporation (US), Oracle Corporation (US), Salesforce (US), Adobe Systems Incorporated (US), SAS Institute Inc. (US), Clarabridge, Inc. (US), Netbase Solutions, Inc. (US), Brandwatch (UK), Talkwalker Inc., (Luxembourg), GoodData Corporation (US), Crimson Hexagon, Inc. (US), Simply Measured, Inc. (US), Sysomos (Canada), Digimind (US), Unmetric Inc. (US), Cision US Inc. (US), Simplify360, Inc. (India), Hootsuite Media Inc. (Canada), Meltwater (US), Germinait Solutions Private Limited (India), Socialbakers (US), Spredfast, Inc. (US), Sprinkler, Inc. (US), Lithium Technologies, Inc. (US), Synthesio (US), and Tableau Software Inc. (US) |
This research report categorizes the market based on component, application, organization size, end user, and region.
Based on components, the social media analytics market has the following segments:
- Software
- Services
- Managed services
- Professional services
- Support and maintenance services
- Consulting services
Based on applications, the market has the following segments:
- Sales and marketing management
- Customer experience management
- Competitive intelligence
- Risk management and fraud detection
- Public safety and law enforcement
- Others (workforce management and compliance management)
Based on analytics types, the social media analytics market has the following segments:
- Predictive analytics
- Prescriptive analytics
- Diagnostic analytics
- Descriptive analytics
Based on deployment model, the market has the following segments:
- On-premises
- Cloud
Based on organization size, the market has the following segments:
- Small and Medium-Sized Enterprises (SMEs)
- Large enterprises
Based on industry verticals, the social media analytics market has the following segments:
- Banking, Financial Services, and Insurance (BFSI)
- Retail and ecommerce
- Government and defense
- Healthcare and life sciences
- Manufacturing
- Telecommunications and IT
- Energy and utilities
- Media and entertainment
- Transportation and logistics
- Others (research, education, outsourcing, and real estate)
Based on regions, the social media analytics market has the following segments:
- North America
- US
- Canada
- Europe
- UK
- France
- Sweden
- Others
- APAC
- Australia
- China
- India
- Others
- Latin America
- Brazil
- Argentina
- Others
- MEA
- Saudi Arabia
- South Africa
- Others
Recent Developments:
In April 2017, Oracle acquired Moat, Inc., a leading provider of digital measurement cloud solutions. Moat provides data and analytics through the Oracle Data Cloud in order to serve marketers and customers in a better manner. Additionally, Moat is expected to serve its old customers, including Facebook Inc., Snapchat, and YouTube as an independent platform inside the Oracle Data Cloud
In June 2017, Salesforce Social Studio partnered with YouTubes measurement program. This service is used to verify the YouTube data used by measurement companies for clients. Additionally, it allows customers to upload videos, monitor conversations on YouTube, and manage their content, in order to track their engagements in a better manner
Key Questions addressed by the report:
- What are the opportunities in the social media analytics market?
- What is the competitive landscape in the market?
- What are the emerging technologies impacting the overall market?
- What are the key use cases existing in the market?
- What are the key trends and dynamics existing in the market?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 17)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders
2 Research Methodology (Page No. - 20)
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Microquadrant Research Methodology
2.3.1 Vendor Inclusion Criteria
2.4 Research Assumptions and Limitations
2.5 Limitations
3 Executive Summary (Page No. - 27)
4 Premium Insights (Page No. - 33)
4.1 Attractive Opportunities in the Market
4.2 Market Share, By Region
4.3 Market: By Industry Vertical and Region
4.4 Lifecycle Analysis, By Region, 2017
5 Social Media Analytics Market Overview and Industry Trends (Page No. - 36)
5.1 Market Overview
5.1.1 Introduction
5.1.2 Market Dynamics
5.1.3 Drivers
5.1.3.1 Increased Focus on Market and Competitive Intelligence
5.1.3.2 Increasing User Engagement of Social Media Using Smartphones
5.1.3.3 Need of Social Media Measurement to Enhance the Customer Experience
5.1.4 Restraints
5.1.4.1 Complexities in the Analytical Workflow
5.1.5 Opportunities
5.1.5.1 Voluminous Data Generation Through Social Media Platforms
5.1.5.2 Increasing Cloud Adoption Trends
5.1.5.3 High Adoption Rate of Social Media Analytics Solutions Among SMEs
5.1.6 Challenges
5.1.6.1 Lack of Standard Measures for Social Media Analytics
5.1.6.2 Lack of A Single Solution to Manage the Increasing Unstructured Data
5.2 Industry Trends
5.2.1 Social Media Analytics Ecosystem
5.2.2 Use Cases
5.2.2.1 Use Case 1: Banking Services
5.2.2.2 Use Case 2: Telecommunications and IT
5.2.2.3 Use Case 3: Hospitality Industry
5.2.2.4 Use Case 4: Media and Entertainment
5.2.2.5 Use Case 5: Energy and Utilities
5.2.2.6 Use Case 6: Healthcare and Life Sciences
5.2.2.7 Use Case 7: Manufacturing
5.2.2.8 Use Case 8: Retail and Ecommerce
5.2.2.9 Use Case 9: Government and Defense
5.2.2.10 Use Case 10: Transportation and Logistics
5.2.3 Technologies in Social Media Analytics
5.2.3.1 Machine Learning
5.2.3.2 Big Data
5.2.3.3 Natural Language Processing (NLP)
6 Social Media Analytics Market, By Component (Page No. - 49)
6.1 Introduction
6.2 Software
6.3 Services
6.3.1 Managed Services
6.3.2 Professional Services
6.3.2.1 Support and Maintenance
6.3.2.2 Consulting Services
7 Market, By Application (Page No. - 57)
7.1 Introduction
7.2 Sales and Marketing Management
7.3 Customer Experience Management
7.4 Competitive Intelligence
7.5 Risk Management and Fraud Detection
7.6 Public Safety and Law Enforcement
7.7 Others
8 Social Media Analytics Market, By Analytics Type (Page No. - 64)
8.1 Introduction
8.2 Predictive Analytics
8.3 Prescriptive Analytics
8.4 Diagnostic Analytics
8.5 Descriptive Analytics
9 Market, By Deployment Model (Page No. - 69)
9.1 Introduction
9.2 On-Premises
9.3 Cloud
10 Market, By Organization Size (Page No. - 73)
10.1 Introduction
10.2 Small and Medium-Sized Enterprises
10.3 Large Enterprises
11 Social Media Analytics Market, By Industry Vertical (Page No. - 77)
11.1 Introduction
11.2 Banking, Financial Services, and Insurance (BFSI)
11.3 Telecommunications and IT
11.4 Retail and Ecommerce
11.5 Healthcare and Life Sciences
11.6 Manufacturing
11.7 Government and Defense
11.8 Energy and Utilities
11.9 Media and Entertainment
11.10 Travel and Hospitality
11.11 Transportation and Logistics
11.12 Others
12 Social Media Analytics Market, By Region (Page No. - 88)
12.1 Introduction
12.2 North America
12.2.1 By Component
12.2.2 By Application
12.2.3 By Analytics Type
12.2.4 By Deployment Model
12.2.5 By Organization Size
12.2.6 By Industry Vertical
12.2.7 By Country
12.2.7.1 United States
12.2.7.2 Canada
12.3 Europe
12.3.1 By Component
12.3.2 By Application
12.3.3 By Analytics Type
12.3.4 By Deployment Model
12.3.5 By Organization Size
12.3.6 By Industry Vertical
12.3.7 By Country
12.3.7.1 United Kingdom
12.3.7.2 France
12.3.7.3 Sweden
12.3.7.4 Others
12.4 Asia Pacific
12.4.1 By Component
12.4.2 By Application
12.4.3 By Analytics Type
12.4.4 By Deployment Model
12.4.5 By Organization Size
12.4.6 By Industry Vertical
12.4.7 By Country
12.4.7.1 Australia
12.4.7.2 China
12.4.7.3 India
12.4.7.4 Others
12.5 Latin America
12.5.1 By Component
12.5.2 By Application
12.5.3 By Analytics Type
12.5.4 By Deployment Model
12.5.5 By Organization Size
12.5.6 By Industry Vertical
12.5.7 By Country
12.5.7.1 Brazil
12.5.7.2 Argentina
12.5.7.3 Others
12.6 Middle East and Africa
12.6.1 By Component
12.6.2 By Application
12.6.3 By Analytics Type
12.6.4 By Deployment Model
12.6.5 By Organization Size
12.6.6 By Industry Vertical
12.6.7 By Country
12.6.7.1 Saudi Arabia
12.6.7.2 South Africa
12.6.7.3 Others
13 Competitive Landscape (Page No. - 117)
13.1 Microquadrant Overview
13.1.1 Visionary Leaders
13.1.2 Innovators
13.1.3 Emerging Companies
13.1.4 Dynamic Differentiators
13.2 Competitive Benchmarking
13.2.1 Business Strategy Excellence Adopted in the Market
13.2.2 Strength of Product Portfolio in the Market
14 Company Profiles (Page No. - 122)
(Business Overview, Product Offerings & Business Strategies, Recent Developments, MnM View Key Relationships)*
14.1 Oracle
14.2 Salesforce
14.3 IBM
14.4 Adobe Systems
14.5 SAS Institute
14.6 Clarabridge
14.7 Netbase
14.8 Brandwatch
14.9 Talkwalker
14.10 Gooddata
14.11 Crimson Hexagon
14.12 Simply Measured
14.13 Sysomos
*Details on Business Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, and Key Relationships Might Not Be Captured in Case of Unlisted Companies.
15 Appendix (Page No. - 168)
15.1 Key Insights of Industry Experts
15.2 Discussion Guide
15.3 Knowledge Store: MarketsandMarkets Subscription Portal
15.4 Introducing RT: Real-Time Market Intelligence
15.5 Available Customization
15.6 Related Reports
15.7 Author Details
List of Tables (82 Tables)
Table 1 Evaluation Criteria
Table 2 Social Media Analytics Market Size, By Component, 20152022 (USD Million)
Table 3 Software: Market Size, By Region, 20152022 (USD Million)
Table 4 Services: Market Size, By Region, 20152022 (USD Million)
Table 5 Market Size, By Service, 20152022 (USD Million)
Table 6 Managed Services: Market Size, By Region, 20152022 (USD Million)
Table 7 Professional Services: Market Size, By Region, 20152022 (USD Million)
Table 8 Market Size, By Professional Service, 20152022 (USD Million)
Table 9 Support and Maintenance: Market Size, By Region, 20152022 (USD Million)
Table 10 Consulting Services: Market Size, By Region, 20152022 (USD Million)
Table 11 Market Size, By Application, 20152022 (USD Million)
Table 12 Sales and Marketing Management: Market Size, By Region, 20152022 (USD Million)
Table 13 Customer Experience Management: Market Size, By Region, 20152022 (USD Million)
Table 14 Competitive Intelligence: Market Size, By Region, 20152022 (USD Million)
Table 15 Risk Management and Fraud Detection: Market Size, By Region, 20152022 (USD Million)
Table 16 Public Safety and Law Enforcement: Market Size, By Region, 20152022 (USD Million)
Table 17 Others: Market Size, By Region, 20152022 (USD Million)
Table 18 Social Media Analytics Market Size, By Analytics Type, 20152022 (USD Million)
Table 19 Predictive Analytics: Market Size, By Region, 20152022 (USD Million)
Table 20 Prescriptive Analytics: Market Size, By Region, 20152022 (USD Million)
Table 21 Diagnostic Analytics: Market Size, By Region, 20152022 (USD Million)
Table 22 Descriptive Analytics: Market Size, By Region, 20152022 (USD Million)
Table 23 Market Size, By Deployment Model, 20152022 (USD Million)
Table 24 On-Premises: Market Size, By Region, 20152022 (USD Million)
Table 25 Cloud: Market Size, By Region, 20152022 (USD Million)
Table 26 Market Size, By Organization Size, 20152022 (USD Million)
Table 27 Small and Medium-Sized Enterprises: Market Size, By Region, 20152022 (USD Million)
Table 28 Large Enterprises: Market Size, By Region, 20152022 (USD Million)
Table 29 Social Media Analytics Market Size, By Industry Vertical, 20152022 (USD Million)
Table 30 Banking, Financial Services, and Insurance: Market Size, By Region, 20152022 (USD Million)
Table 31 Telecommunications and IT: Market Size, By Region, 20152022 (USD Million)
Table 32 Retail and Ecommerce: Market Size, By Region, 20152022 (USD Million)
Table 33 Healthcare and Life Sciences: Market Size, By Region, 20152022 (USD Million)
Table 34 Manufacturing: Market Size, By Region, 20152022 (USD Million)
Table 35 Government and Defense: Market Size, By Region, 20152022 (USD Million)
Table 36 Energy and Utilities: Market Size, By Region, 20152022 (USD Million)
Table 37 Media and Entertainment: Market Size, By Region, 20152022 (USD Million)
Table 38 Travel and Hospitality: Market Size, By Region, 20152022 (USD Million)
Table 39 Transportation and Logistics: Market Size, By Region, 20152022 (USD Million)
Table 40 Others: Market Size, By Region, 20152022 (USD Million)
Table 41 Social Media Analytics Market Size, By Region, 20152022 (USD Million)
Table 42 North America: Market Size, By Component, 20152022 (USD Million)
Table 43 North America: Market Size, By Service, 20152022 (USD Million)
Table 44 North America: Market Size, By Professional Service, 20152022 (USD Million)
Table 45 North America: Market Size, By Application, 20152022 (USD Million)
Table 46 North America: Market Size, By Analytics Type, 20152022 (USD Million)
Table 47 North America: Market Size, By Deployment Model, 20152022 (USD Million)
Table 48 North America: Market Size, By Organization Size, 20152022 (USD Million)
Table 49 North America: Market Size, By Industry Vertical, 20152022 (USD Million)
Table 50 Europe: Social Media Analytics Market Size, By Component, 20152022 (USD Million)
Table 51 Europe: Market Size, By Service, 20152022 (USD Million)
Table 52 Europe: Market Size, By Professional Service, 20152022 (USD Million)
Table 53 Europe: Market Size, By Application, 20152022 (USD Million)
Table 54 Europe: Market Size, By Analytics Type, 20152022 (USD Million)
Table 55 Europe: Market Size, By Deployment Model, 20152022 (USD Million)
Table 56 Europe: Market Size, By Organization Size, 20152022 (USD Million)
Table 57 Europe: Market Size, By Industry Vertical, 20152022 (USD Million)
Table 58 Asia Pacific: Social Media Analytics Market Size, By Component, 20152022 (USD Million)
Table 59 Asia Pacific: Market Size, By Service, 20152022 (USD Million)
Table 60 Asia Pacific: Market Size, By Professional Service, 20152022 (USD Million)
Table 61 Asia Pacific: Market Size, By Application, 20152022 (USD Million)
Table 62 Asia Pacific: Market Size, By Analytics Type, 20152022 (USD Million)
Table 63 Asia Pacific: Market Size, By Deployment Model, 20152022 (USD Million)
Table 64 Asia Pacific: Market Size, By Organization Size, 20152022 (USD Million)
Table 65 Asia Pacific: Market Size, By Industry Vertical, 20152022 (USD Million)
Table 66 Latin America: Social Media Analytics Market Size, By Component, 20152022 (USD Million)
Table 67 Latin America: Market Size, By Service, 20152022 (USD Million)
Table 68 Latin America: Market Size, By Professional Service, 20152022 (USD Million)
Table 69 Latin America: Market Size, By Application, 20152022 (USD Million)
Table 70 Latin America: Market Size, By Analytics Type, 20152022 (USD Million)
Table 71 Latin America: Market Size, By Deployment Model, 20152022 (USD Million)
Table 72 Latin America: Market Size, By Organization Size, 20152022 (USD Million)
Table 73 Latin America: Market Size, By Industry Vertical, 20152022 (USD Million)
Table 74 Middle East and Africa: Social Media Analytics Market Size, By Component, 20152022 (USD Million)
Table 75 Middle East and Africa: Market Size, By Service, 20152022 (USD Million)
Table 76 Middle East and Africa: Market Size, By Professional Service, 20152022 (USD Million)
Table 77 Middle East and Africa: Market Size, By Application, 20152022 (USD Million)
Table 78 Middle East and Africa: Market Size, By Analytics Type, 20152022 (USD Million)
Table 79 Middle East and Africa: Market Size, By Deployment Model, 20152022 (USD Million)
Table 80 Middle East and Africa: Market Size, By Organization Size, 20152022 (USD Million)
Table 81 Middle East and Africa: Market Size, By Industry Vertical, 20152022 (USD Million)
Table 82 Market Ranking for Social Media Analytics Market, 2017
List of Figures (43 Figures)
Figure 1 Market Segmentation
Figure 2 Regional Scope
Figure 3 Market Research Design
Figure 4 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 5 Data Triangulation
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Social Media Analytics Market: Assumptions
Figure 9 Market is Expected to Grow at A High CAGR
Figure 10 Market Snapshot, By Component (2017 vs 2022)
Figure 11 Market Snapshot, By Service (2017 vs 2022)
Figure 12 Market Snapshot, By Application (2017 vs 2022)
Figure 13 Market Snapshot, By Deployment Model (2017 2022)
Figure 14 Market Snapshot, By Analytics Type (2017 - 2022)
Figure 15 Market Snapshot, By Organization Size (2017 - 2022)
Figure 16 Market Snapshot, By Industry Vertical (2017 - 2022)
Figure 17 Social Media Analytics Market is Expected to Grow Owing to the Growing Demand of Solutions From the Emerging Countries
Figure 18 North America is Expected to Have the Largest Market Share in 2017
Figure 19 Retail and Ecommerce Industry Vertical, and North America are Expected to Have the Largest Market Shares in 2017
Figure 20 Asia Pacific is Expected to Have an Exponential Growth During the Forecast Period
Figure 21 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 22 Region-Wise Social Media Penetration (%)
Figure 23 Impact of Negative Experience (%)
Figure 24 Total Number of Social Media Users Worldwide (20102016)
Figure 25 Social Media Analytics Architecture
Figure 26 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 27 Managed Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 28 Consulting Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 29 Competitive Intelligence Application is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 30 Prescriptive Analytics Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 31 Cloud Deployment Model is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 32 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 33 Healthcare and Life Sciences Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 34 Asia Pacific is Expected to Have the Highest CAGR in the Social Media Analytics Market During the Forecast Period
Figure 35 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 36 North America: Market Snapshot
Figure 37 Asia Pacific: Market Snapshot
Figure 38 Social Media Analytics Market (Global), Competitive Leadership Mapping, 2017
Figure 39 Oracle: Company Snapshot
Figure 40 Salesforce: Company Snapshot
Figure 41 IBM: Company Snapshot
Figure 42 Adobe Systems: Company Snapshot
Figure 43 SAS Institute: Company Snapshot
The study involved four major activities in estimating the current market size for social media analytics software and services. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate the findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakup and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources, such as D&B Hoovers and Bloomberg BusinessWeek have been referred to, for identifying and collecting information for the study. The secondary sources included annual reports, press releases, and investor presentations of companies; white papers; journals; and certified publications and articles from recognized authors, directories, and databases.
Primary Research
Various primary sources from both supply and demand sides of the social media analytics market ecosystem were interviewed to obtain qualitative and quantitative information for the study. The primary sources from the supply-side included industry experts, such as Chief Executive Officers (CEOs), Chief Technology Officers (CTOs), Chief Operating Officers (COOs), Vice Presidents (VPs), Managing Directors (MDs), technology and innovation directors, and related key executives from various key companies and organizations operating in the market, associated service providers, and system integrators operating in the targeted regions. All possible parameters that affect the market covered in the research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The breakup of profiles of primary respondents as follows:
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Market Size Estimation
For making market estimations and forecasting the social media analytics market, and the other dependent submarkets, top-down, and bottom-up approaches were used. The bottom-up procedure was used to arrive at the overall market size of the global market using key companies revenue and their offerings in the market. The research methodology used to estimate the market size includes the following:
- The key players in the market have been identified through extensive secondary research.
- The market size, in terms of value, has been determined through primary and secondary research processes.
- All percentage shares, splits, and breakups have been determined using secondary sources and verified through primary sources.
Data Triangulation
With data triangulation and validation through primary interviews, the exact value of the overall parent market size was determined and confirmed using the study. The overall market size was then used in the top-down procedure to estimate the size of other individual markets through percentage splits of the market segmentation.
Report Objectives
- To define, describe, and forecast the social media analytics market by component (software and services), application (sales and marketing management, customer experience management, competitive intelligence), analytics types (predictive analytics, prescriptive analytics, diagnostic analytics) deployment model, organization size, industry vertical, and region
- To provide detailed information about the major factors (drivers, opportunities, restraints, and challenges) driving the growth of the market
- To analyze micro-markets with respect to individual growth trends, prospects, and contributions to the overall market
- To analyze opportunities in the market for stakeholders by identifying high-growth segments of the market
- To forecast the market size of the market segments with respect to 5 main regions: North America, Europe, Middle East and Africa (MEA), Asia Pacific (APAC), and Latin America
- To profile the key players of the market and comprehensively analyze their market size and core competencies in the market
- To track and analyze the competitive developments, such as new product launches; mergers and acquisitions; and partnerships, agreements, and collaborations in the global social media analytics market
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the companys specific needs. The following customization options are available for the report:
Product Analysis
- Product matrix gives a detailed comparison of the product portfolio of each company
Geographic Analysis
- Further breakdown of the North American social media analytics market
- Further breakdown of the European market
- Further breakdown of the APAC market
- Further breakdown of the Latin American market
- Further breakdown of the MEA market
Company Information
- Detailed analysis and profiling of additional market players upto 5.
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Growth opportunities and latent adjacency in Social Media Analytics Market