Published Date: 26-May-2023
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According to a new report, published by KBV research, The Global Artificial Intelligence (AI) in Social Media Market size is expected to reach $6.7 billion by 2029, rising at a market growth of 28.2% CAGR during the forecast period.
The Customer Experience Management segment is showcasing a CAGR of 28.5% during (2023 - 2029). This is because customers desire a more comprehensive understanding of what they need to succeed. Social media AI could synchronize customer service and experience management plans. They enable organizations to get a competitive edge in the market by responding to and meeting consumers' constantly shifting demands. AI is constantly improving the website so that users can enjoy it forever.
The Machine Learning & Deep Learning segment is leading the Global Artificial Intelligence (AI) in Social Media Market by Technology in 2022 thereby, achieving a market value of $4.1 billion by 2029. This is because social media networks are highly capable of identifying photographs without any supporting texts, with the help of machine learning algorithms. social networking platforms are, thus, advantageous for businesses and advertising specialists looking for searched photographs and queries. Additionally, visual recognition is crucial for authenticating user images without divulging any personal data.
The Small and Medium Enterprises (SMEs) segment has shown the growth rate of 29.8% during (2023 - 2029). This is due to the fact that small and medium-sized businesses (SMEs) now have the opportunity to utilize AI-powered tools for social media management. These tools include chatbots, sentiment analysis, and customized content development. Moreover, this opportunity was made feasible as a result of rising advancements in artificial intelligence technology as well as increased affordability of the technology, surging the segment's expansion in the projected period.
The BFSI segment is leading the Global Artificial Intelligence (AI) in Social Media Market by Vertical in 2022 thereby, achieving a market value of $2.1 billion by 2029. This is because many institutions in the BFSI sector are now investing heavily in banking assistants, utilizing chatbots with AI interfaces to communicate with their clients. Also, social media is a significant source of customer intelligence data. The projected increase in social media users is expected to drive demand for AI solutions that can effectively analyze customer preferences in the coming years.
The North America market dominated the Global Artificial Intelligence (AI) in Social Media Market by Region in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $2.6 billion by 2029. The Europe market is exhibiting a CAGR of 28% during (2023 - 2029). Additionally, The Asia Pacific market would showcase a CAGR of 28.9% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/artificial-intelligence-in-social-media-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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North America Artificial Intelligence (AI) in Social Media Market size & Opportunities 2023-2029
Europe Artificial Intelligence (AI) in Social Media Market & Growth Forecast 2023-2029
Asia Pacific Artificial Intelligence (AI) in Social Media Market Share & Industry Outlook to 2029
LAMEA Artificial Intelligence (AI) in Social Media Market Growth, Trends & Forecasts 2023-2029