The Asia Pacific Artificial Intelligence (AI) in Social Media Market would witness market growth of 28.9% CAGR during the forecast period (2023-2029).
AI has significantly increased in popularity in the social media industry to standardize and improve various functions on social media platforms, such as sentiment categorization, chatbots, analysis of images and videos, and content marketing. The ability of AI to analyze data and make projections has also had a huge impact on social media marketing in recent years, enabling businesses to target their advertising and content to the correct audience and discover patterns and trends in social media conversations. As a result, the rise of AI in the social media market is anticipated to be fueled by the expanding market for social media marketing.
Due to the rising need for AI in social media services, a number of businesses have formed partnerships to broaden the scope of their 5G network solution offerings. Computer vision technology expedites the extraction, analysis, and categorization of a single image or a collection of images for businesses to gain insights, further fueling market expansion. In addition, several businesses have increased the scope of their present product offerings in response to the sharp increase in demand for AI on social media.
India's e-commerce sector is set to experience significant growth, with an estimated 907 million internet users by 2023, representing approximately 64% of the country's total population. The e-commerce sector in India is experiencing growth due to rising smartphone usage, increased wealth, and affordable data prices, which are driving the expansion of online retail. Hence, the increasing internet penetration and the rising popularity of e-commerce are expected to increase the adoption of social media for advertising, selling products, and solving consumer queries due to its wide consumer base, which in turn will surge the utilization of AI to enhance social media working capabilities, boosting the market growth in APAC region.
The China market dominated the Asia Pacific Artificial Intelligence (AI) in Social Media Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $490.5 million by 2029. The Japan market is estimated to grow a CAGR of 28.1% during (2023 - 2029). Additionally, The India market would experience a CAGR of 29.7% during (2023 - 2029).
Based on Application, the market is segmented into Sales & Marketing, Customer Experience Management, Predictive Risk Assessment, Image Recognition, and Others. Based on Technology, the market is segmented into Machine Learning & Deep Learning, and Natural Language Processing (NLP). Based on Enterprise Size, the market is segmented into Large Enterprises, and Small and Medium Enterprises (SMEs). Based on Vertical, the market is segmented into BFSI, IT & Telecom, Retail & E-Commerce, Media & Advertisement, Education, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Artificial Intelligence (AI) in Social Media Market is Projected to reach USD 6.7 Billion by 2029, at a CAGR of 28.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Baidu, Inc., Meta Platforms, Inc. (Facebook), IBM Corporation, Microsoft Corporation, Adobe, Inc., Snap, Inc. (SnapChat), Amazon Web Services, Inc. (Amazon.com, Inc.), Google LLC (Alphabet Inc.), Salesforce, Inc., and Hootsuite, Inc.
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