Social Media IT Spending Market 2020-2027 and Impact of COVID-19 - ResearchAndMarkets.com

The "Social Media IT Spending - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to this 9th edition of this report. The 104-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Social Media IT Spending Market to Reach US$197.5 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Social Media IT Spending estimated at US$58.6 Billion in the year 2020, is projected to reach a revised size of US$197.5 Billion by 2027, growing at a CAGR of 19% over the period 2020-2027.

The U.S. Accounts for Over 29.8% of Global Market Size in 2020, While China is Forecast to Grow at a 18.6% CAGR for the Period of 2020-2027

The Social Media IT Spending market in the U.S. is estimated at US$17.5 Billion in the year 2020. The country currently accounts for a 29.81% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$34.8 Billion in the year 2027 trailing a CAGR of 18.6% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.9% and 16.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.2% CAGR while Rest of European market (as defined in the study) will reach US$34.8 Billion by the year 2027.

Competitors identified in this market include, among others:

• Adobe Systems, Inc.
• Akamai Technologies, Inc.
• Cisco Systems, Inc.
• Dell EMC
• Google Analytics
• Hewlett-Packard Development Company L.P.
• Hubspot Inc.
• IBM Corporation
• Juniper Networks, Inc.
• Kenshoo, Ltd.
• Microsoft Corporation
• NetApp, Inc.
• Oracle Corporation
• Salesforce.com, Inc.
• SAP SE
• SAS AB
• Tencent Holdings Ltd.
• Unmetric Inc.
• VMware, Inc.

Total Companies Profiled: 42

For more information about this report visit https://www.researchandmarkets.com/r/y3zqfb

View source version on businesswire.com: https://www.businesswire.com/news/home/20200715005611/en/