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Social Media Analytics Market Share

  • Report ID: GMI10271
  • Published Date: Jul 2024
  • Report Format: PDF

Social Media Analytics Market Share

Sprout Social and Hootsuite hold a significant share of over 5% in the social media analytics industry. Sprout Social holds a major share in the social media analytics industry due to its comprehensive platform offering. It offers sophisticated tools for social media management, analytics, and engagement on several channels. The user-friendly interface, robustness in analytics capabilities, and integration into various social media platforms that Sprout Social offers attract businesses looking to increase online presence and customer engagement strategies. A reputation established on reliable customer support and relentless innovation makes the company a strong leader in social media analytics.
 

Hootsuite has established a significant presence in the social media analytics market owing to its comprehensive suite of tools for social media management, monitoring, and analytics. The platform offers extended capabilities in post scheduling and management of multiple social media accounts, and the performance metric analytics across a multitude of channels. Its ease of user interface, heavy reporting, integration with numerous social platforms, and ability to scale from small businesses to large enterprises make Hootsuite widely adopted and a leader in the market.
 

Social Media Analytics Market Companies

Major players operating in the social media analytics industry are:

  • Sprout Social
  • Hootsuite
  • Buffer
  • Brandwatch
  • Sprinklr
  • NetBase Quid
  • Talkwalker
Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of social media analytics reached USD 5.2 billion in 2023 and is set to witness over 25% CAGR between 2024 and 2032, led by increasing mobile device usage across the globe.

The cloud segment of the is the social media analytics industry will grow at over 26% CAGR between 2024 and 2032, as it facilitates real-time data processing and analysis of social media engagement, enabling organizations to monitor trends.

North America market accounted for over 35% share in 2023, owing to rising digital adoption and internet usage rates.

Sprout Social, Hootsuite, Buffer, Brandwatch, Sprinklr, NetBase Quid, and Talkwalker, among others.

Social Media Analytics Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 25
  • Tables & Figures: 425
  • Countries covered: 19
  • Pages: 210
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