PUBLISHER: The Business Research Company | PRODUCT CODE: 1668593
PUBLISHER: The Business Research Company | PRODUCT CODE: 1668593
Social media management involves the ongoing process of creating, curating, and planning content across various online platforms with the primary objective of nurturing and expanding an audience. This multifaceted practice serves diverse purposes, including community administration, online reputation management, and the formulation and execution of social media strategies.
The key components of social media management encompass both solutions and services. Social media management solutions refer to software tools designed to assist individuals, businesses, or organizations in effectively overseeing their presence on various social media platforms. These solutions offer a centralized platform, enabling businesses to efficiently manage and monitor their social media activities. This includes tasks such as posting updates, responding to messages and comments, analyzing performance metrics, and engaging with followers. Social media management is employed by both small and medium-scale enterprises, as well as large enterprises, for a range of purposes including competitive intelligence, sales and marketing management, customer experience management, risk management, and more. This practice finds applications across various industries such as banking, financial services, and insurance retail and e-commerce government and public sector healthcare and life sciences telecom and IT media and entertainment manufacturing and travel and hospitality.
The social media management market research report is one of a series of new reports from The Business Research Company that provides social media management market statistics, including social media management industry global market size, regional shares, competitors with a social media management market share, detailed social media management market segments, market trends and opportunities, and any further data you may need to thrive in the social media management industry. This social media management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The social media management market size has grown exponentially in recent years. It will grow from$27.96 billion in 2024 to $34.57 billion in 2025 at a compound annual growth rate (CAGR) of 23.6%. The growth in the historic period can be attributed to rise of social media platforms, businesses embracing social media, analytics and data insights, rise of influencer marketing, customer engagement focus
The social media management market size is expected to see exponential growth in the next few years. It will grow to $85.77 billion in 2029 at a compound annual growth rate (CAGR) of 25.5%. The growth in the forecast period can be attributed to video content dominance, privacy and data security concerns, cross-platform integration, social commerce integration. Major trends in the forecast period include integration of ai and automation, rise of ephemeral content, real-time engagement and customer service, greater emphasis on social listening, technological advancements in social media.
The increasing penetration of social media is anticipated to drive growth in the social media management market in the coming years. Social media enables internet-based communication, allowing users to share text and multimedia within virtual communities and to create web content. As the influence and reach of social channels have expanded, social media management and advertising strategies have become more standardized across major platforms, yielding significant commercial advantages. For example, in September 2024, Backlinko, a U.S.-based digital marketing firm, reported that the global number of active social media users is projected to reach 5.17 billion in 2024, up from 4.95 billion in 2023. Thus, the widespread growth of social media usage is fueling the expansion of the social media management market.
The anticipated surge in the social media management market is attributed to the rising proliferation of content creators. These creators, whether individuals or entities, generate and disseminate original content across diverse platforms, including social media, websites, blogs, videos, podcasts, and various digital channels. Their pivotal role in enhancing social media engagement, expanding outreach, ensuring a consistent online presence, and contributing to the overall efficacy of social media management strategies underscores their significance. As of November 2023, data from Exploding Topics, a US-based review company specializing in trend analysis, reveals a global population of over 200 million content creators. This substantial increase in content creators is identified as a driving force behind the growth of the social media management market.
The social media management market is witnessing a prominent trend focused on product innovation, as companies strive to fortify their market positions. Notably, in March 2023, Hookle, a Finland-based AI-powered all-in-one social media management platform tailored for small businesses, unveiled an innovative social media posting software leveraging AI, specifically OpenAI's ChatGPT technology. This technology enables seamless social media posting for company owners, incorporating features such as multi-platform scheduling, AI-driven content generation, and simultaneous publishing across various channels, accessible on both iOS and Android platforms. This launch empowers users to create tailored premium social media content by integrating ChatGPT with Hookle's patented social media monitoring technology.
Major companies are actively pursuing product innovation strategies to boost market revenues. These cutting-edge solutions offer brands and agencies a versatile toolkit for every facet of social media campaigns, encompassing omnichannel creative production at scale, automated ad personalization, cross-platform campaign management, centralized reporting, and optimization. For example, in February 2022, Mediaocean, a US-based advertising company, introduced new creative solutions for paid social media, enhancing creative production scalability and overall campaign performance. The platform's centralized digital asset library facilitates swift production of thousands of personalized social media ads, leading to improved workflow efficiencies and heightened campaign performance for users of Mediaocean's social solutions.
In March 2023, Ireland-based video game services company Keywords Studios acquired Digital Media Management for an undisclosed amount. This acquisition allows Keywords Studios to bolster its digital marketing expertise and broaden its service offerings, helping game developers and publishers better engage with audiences and enhance their online presence in the competitive gaming industry. Digital Media Management, a U.S.-based company, specializes in social media management and digital marketing.
Major companies operating in the social media management market include Adobe Inc., Clarabridge Inc., Digimind Inc., Falcon.io, Hootsuite Inc., HubSpot Inc., IBM Corporation, Meltwater Group ASA, NetBase Quid Inc., Oracle Corporation, Salesforce.com Inc., Sprinklr Inc., Sprout Social Inc., Talkwalker Inc., Zoho Corporation, Khoros LLC, Cognizant Technology Solutions Corporation, Sysomos Inc., Spreadfast Inc., Lithium Technologies Inc., Qualtrics International Inc., Cision Ltd., Buffer Inc., Agorapulse Inc., Sendible Social Media Marketing Software, MavSocial Inc., Emplifi GmbH, Synthesio SA, Eclincher Inc.
North America was the largest region in the social media management market in 2024. The regions covered in the social media management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the social media management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The social media management market includes revenue earned by producing and disseminating information, keeping track of mentions and engagement, expanding a network of followers and influencers, and summarizing and evaluating the outcomes. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Social Media Management Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on social media management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for social media management ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The social media management market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.