According to the new market research
report "AI in Social Media Market by Technology (Deep Learning &
Machine Learning, and NLP), Application (Sales & Marketing, Customer
Experience Management, and Predictive Risk Assessment), Component, Enterprise
Size, End-User, and Region - Global Forecast to 2023",
MarketsandMarkets forecasts the global AI in social media market to grow from
633.1 million in 2018 to USD 2,197.1 million by 2023, at a Compound Annual
Growth Rate (CAGR) of 28.3% during the forecast period.
Don’t miss out on business opportunities in AI in Social Media Market Speak to our analyst and gain crucial industry insights that will help your business grow:
Among technologies, the Natural Language Processing (NLP) technology is expected to grow at the highest CAGR during the forecast period
In the AI in social media market, the NLP technology is used to collect, analyze, and visualize customer-related data, such as responses to particular products and services. The NLP technology is also used to understand human languages via virtual chatbots. The use of the NLP technology in social media platforms has increased, which helps in offering 24/7 services to customers.
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Social Media Market"
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The Small and Medium-sized Enterprises (SME) segment is expected to
have the largest market size during the forecast period
On the basis of enterprise size, the AI in social
media market is segmented into SMEs and large enterprises. Among these, the
SMEs segment is expected to have the larger market size during the forecast
period. The increasing demand for the integration of the AI technology with
social media platforms is expected to have accelerated the growth of the SMEs.
In regions, Asia Pacific (APAC) is expected to grow at the highest CAGR
during the forecast period
In the APAC region, global as well as domestic
enterprises are investing in AI in social media technologies. Moreover, this
region is witnessing an increasing demand for cloud-driven AI in social media
solutions, thereby resulting in the increasing investments and technology
advancements in retail and eCommerce, and media and advertising end-users. The
region has also emerged as a potential market that provides lucrative market
opportunities for the industry players.
The AI in social media
market report encompasses the competitive landscape and company profiles of the
key vendors based on their product offerings and business strategies. The major
AI in social media vendors include Google (US), Facebook (US), AWS (US), IBM
(US), Adobe Systems (US), Baidu (China), Salesforce (US), Twitter (US), Snap
(US), Clarabridge (US), Converseon (US), Sprinklr (US), Unmetric (US), ISentium
(US), Cluep (US), Netbase (US), Spredfast (US), Synthesio (US), Crimson
Heaxagon (US), Hootsuite (Canada), Sprout
Social (US), Vidora (US), Meltwater (US), and Talkwalker (Luxembourg).
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Research Insight: https://www.marketsandmarkets.com/ResearchInsight/ai-in-social-media-market.asp
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/ai-in-social-media-market.asp
Browse 83 market data Tables and 58 Figures spread through 179 Pages and in-depth TOC on "AI in Social Media Market"
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