Industry Background:
Social analytics is a process of gathering of data from the social media platforms and these data are analyzed to make business decision. Social analytics market is expected to mark significant growth over forecasted period owing to increasing consumers spending on listening or social media monitoring. Major factors driving the growth of social media analytics market is the increasing number of social media users and great focus on market intelligence and increase in spending on analytics. The major companies are adding more proven technologies systematically and strategically in Asia-Pacific countries as these countries are focused on fastest-growing verticals in the IT sector.
This growth is primarily driven by Rise in Focus on Competitive Intelligence and Market. and Rapid Demand Smartphones Leads to Increase the User Engagement in Social Media..
Globally, a noticeable market trend is evident Rapid Adoption Rate of Social Media Analytics Solutions Among SMEs. The Systems Software sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Salesforce (United States), Oracle Corporation (United States), SAS Institute Inc. (United States), Adobe Systems Incorporated (United States), International Business Machines Corporation (United States), GoodData Corporation (United States), Brandwatch (United Kingdom), Clarabridge, Inc. (United States), Digimind (United States), Crimson Hexagon, Inc. (United States), Netbase Solutions, Inc. (United States) and Cision US Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Rise in Focus on Competitive Intelligence and Market.
- Rapid Demand Smartphones Leads to Increase the User Engagement in Social Media.
Market Trend
- Rapid Adoption Rate of Social Media Analytics Solutions Among SMEs
Restraints
- Complexities Associated with Social Analytics Workflow.
- Limitation Due to Standard Measures for Social Analytics Leads to Hamper the Market
Opportunities
Requirement of Social Media Measurement to Enhance the Customer Experience. and Growing Demand of Cloud Based Applications.
Challenges
Fluctuation Due to Single Solution that Manage the Rising Unstructured Data.
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Social Analytics Applications Study Sheds Light on
The Social Analytics Applications Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Social Analytics Applications industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Social Analytics Applications industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.