Social Networking App Global Market Report 2025

Description

A social networking application (App) is a mobile or web-based platform designed to connect users through virtual means. These apps allow individuals to create personal profiles, share content such as text, images, and videos, and engage through features such as comments, likes, and direct messaging.

The primary marketplaces for social networking apps include the Google Play Store, Apple iOS Store, Microsoft Store, and others. The Google Play Store is an online platform where Android users can download and purchase social networking apps. It provides a diverse selection of apps for communication, sharing, and social interaction, along with user reviews, ratings, and app updates. These apps are accessible on various devices such as smartphones and generate revenue through advertising, in-app purchases, and paid apps. They serve multiple purposes, including entertainment and commercial uses.

The social networking app market research report is one of a series of new reports from The Business Research Company that provides social networking app market statistics, including the social networking app industry's global market size, regional shares, competitors with a social networking app market share, detailed social networking app market segments, market trends and opportunities, and any further data you may need to thrive in the social networking app industry. This social networking app market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The social networking app market size has grown exponentially in recent years. It will grow from $76.58 $ billion in 2024 to $98.37 $ billion in 2025 at a compound annual growth rate (CAGR) of 28.4%. The growth in the historical period can be attributed to rising demand for custom camera tools, soaring demand for video chat services, the increasing use of tailored feed-based apps, growing demand for encrypted and self-destructive messaging-based social apps, and rising internet connectivity.

The social networking app market size is expected to see exponential growth in the next few years. It will grow to $265.49 $ billion in 2029 at a compound annual growth rate (CAGR) of 28.2%. The growth in the forecast period can be attributed to a shift towards visual content, increasing influencer marketing, personalization, and targeted advertising, emphasis on privacy and data protection, and gamification and interactive features. Major trends in the forecast period include the integration of augmented reality (AR) and virtual reality (VR), development in artificial intelligence (AI), rising emphasis on ephemeral content, advancements in blockchain technology, and integration of e-commerce features.

The growing demand for 5G technology is anticipated to drive the expansion of the social networking app market in the future. 5G technology, the fifth generation of mobile network technology, offers faster speeds, lower latency, and greater capacity compared to previous generations. The increasing adoption of 5G is driven by factors such as the availability of spectrum, rising awareness and usage, advancements in complementary technologies, the growth of smart cities, and the need for skill enhancement. 5G enhances social networking apps by providing faster data speeds, lower latency, and improved connectivity, enabling seamless real-time interactions and richer media experiences. For example, in April 2023, 5G Americas, a U.S.-based industry trade organization, reported that global 5G wireless connections grew by 76% from the end of 2021 to the end of 2022, reaching approximately 1.05 billion. This growth is expected to continue, with projections estimating around 5.9 billion connections by the end of 2027. Thus, the rising demand for 5G technology is driving the growth of the social networking app market.

Major companies in the social networking app market are focusing on developing advanced and exclusive content solutions to enhance user engagement and differentiate their platforms. An exclusive content solution refers to a specialized approach or system that provides unique, proprietary, or premium content accessible only to a specific audience or through a particular platform. For instance, in February 2024, Dazed Media, a UK-based digital media company, launched the Dazed Club app, a dynamic networking platform for young creatives. The app allows users to upload their portfolios, connect with mentors, and join specialized groups for project discussions and expert advice. It encourages users to share creative work, such as images and videos, and engage in group chats on various topics. The app also offers exclusive editorial content from Dazed, event listings, and opportunities for participation in competitions and product drops.

In June 2024, Voodoo, a mobile game developer and publisher based in France, acquired BeReal for $535 million. The acquisition aims to leverage Voodoo's expertise in mobile app development to enhance BeReal's product strategy and accelerate user growth, with a focus on introducing innovative features and expanding the platform. This move is designed to solidify BeReal's position as a top social network centered on authenticity. BeReal is a social media app popular among Gen-Z, also based in France.

Major companies operating in the social networking app market are Meta Platforms Inc., LinkedIn Corporation, TikTok Inc., Snap Inc., X Corp, Pinterest Inc., Line Corporation, Reddit Inc., Nextdoor Holdings Inc., Discord Inc., Bumble Inc., Quora Inc., Foursquare Labs Inc., Automattic Inc., Telegram Messenger Inc., Viber Media S.a r.l., Meetup Inc., Yubo Inc., Clubhouse Media Group Inc., Vero Labs Inc., Mastodon gGmbH, Ello Inc.

Asia-Pacific was the largest region in the social networking app market in 2023. The regions covered in the social networking app market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the social networking app market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The social networking app market includes revenues earned by entities by providing services such as profile creation, connection management, news feeds or timelines, messaging, and content sharing. 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 Networking App 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 networking app 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.

Reasons to Purchase

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Assess the impact of key macro factors such as conflict, pandemic and recovery, inflation and interest rate environment and the 2nd Trump presidency.
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Outperform competitors using forecast data and the drivers and trends shaping the market.
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Where is the largest and fastest growing market for social networking app ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The social networking app 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 market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

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.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Market Place: Google Play Store; Apple IOS Store; Microsoft Store; Other Market Places
2) By Device Type: Smartphones; Other Device Types
3) By Revenue Source: Advertising; In-App Purchase; Paid App
4) By Application: Entertainment; Commercial
Subsegments:
1) Google Play Store: Android Apps; Free Apps; Paid Apps
2) Apple iOS Store: iPhone Apps; iPad Apps; Free Apps
3) Microsoft Store: Windows Apps; Cross-Platform Apps; Free Apps
4) Other Market Places: Third-Party App Stores; Web-Based Platforms; Emerging Market Places
Companies Mentioned: Meta Platforms Inc.; LinkedIn Corporation; TikTok Inc.; Snap Inc.; X Corp
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r32254

1. Executive Summary

2. Social Networking App Market Characteristics

3. Social Networking App Market Trends And Strategies

4. Social Networking App Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Covid And Recovery On The Market

5. Global Social Networking App Growth Analysis And Strategic Analysis Framework

5.1. Global Social Networking App PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global Social Networking App Market Growth Rate Analysis
5.4. Global Social Networking App Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
5.5. Global Social Networking App Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
5.6. Global Social Networking App Total Addressable Market (TAM)

6. Social Networking App Market Segmentation

6.1. Global Social Networking App Market, Segmentation By Market Place, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Google Play Store
Apple IOS Store
Microsoft Store
Other Market Places
6.2. Global Social Networking App Market, Segmentation By Device Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Smartphones
Other Device Types
6.3. Global Social Networking App Market, Segmentation By Revenue Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Advertising
In-App Purchase
Paid App
6.4. Global Social Networking App Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Entertainment
Commercial
6.5. Global Social Networking App Market, Sub-Segmentation Of Google Play Store, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Android Apps
Free Apps
Paid Apps
6.6. Global Social Networking App Market, Sub-Segmentation Of Apple iOS Store, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
iPhone Apps
iPad Apps
Free Apps
6.7. Global Social Networking App Market, Sub-Segmentation Of Microsoft Store, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Windows Apps
Cross-Platform Apps
Free Apps
6.8. Global Social Networking App Market, Sub-Segmentation Of Other Market Places, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Third-Party App Stores
Web-Based Platforms
Emerging Market Places

7. Social Networking App Market Regional And Country Analysis

7.1. Global Social Networking App Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Social Networking App Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Social Networking App Market

8.1. Asia-Pacific Social Networking App Market Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Social Networking App Market, Segmentation By Market Place, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Social Networking App Market, Segmentation By Device Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Social Networking App Market, Segmentation By Revenue Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Social Networking App Market

9.1. China Social Networking App Market Overview
9.2. China Social Networking App Market, Segmentation By Market Place, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Social Networking App Market, Segmentation By Device Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Social Networking App Market, Segmentation By Revenue Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Social Networking App Market

10.1. India Social Networking App Market, Segmentation By Market Place, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Social Networking App Market, Segmentation By Device Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Social Networking App Market, Segmentation By Revenue Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Social Networking App Market

11.1. Japan Social Networking App Market Overview
11.2. Japan Social Networking App Market, Segmentation By Market Place, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Social Networking App Market, Segmentation By Device Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Social Networking App Market, Segmentation By Revenue Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Social Networking App Market

12.1. Australia Social Networking App Market, Segmentation By Market Place, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Social Networking App Market, Segmentation By Device Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Social Networking App Market, Segmentation By Revenue Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Social Networking App Market

13.1. Indonesia Social Networking App Market, Segmentation By Market Place, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Social Networking App Market, Segmentation By Device Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Social Networking App Market, Segmentation By Revenue Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Social Networking App Market

14.1. South Korea Social Networking App Market Overview
14.2. South Korea Social Networking App Market, Segmentation By Market Place, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Social Networking App Market, Segmentation By Device Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Social Networking App Market, Segmentation By Revenue Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Social Networking App Market

15.1. Western Europe Social Networking App Market Overview
15.2. Western Europe Social Networking App Market, Segmentation By Market Place, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Social Networking App Market, Segmentation By Device Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Social Networking App Market, Segmentation By Revenue Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Social Networking App Market

16.1. UK Social Networking App Market, Segmentation By Market Place, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Social Networking App Market, Segmentation By Device Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Social Networking App Market, Segmentation By Revenue Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Social Networking App Market

17.1. Germany Social Networking App Market, Segmentation By Market Place, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Social Networking App Market, Segmentation By Device Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany Social Networking App Market, Segmentation By Revenue Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Social Networking App Market

18.1. France Social Networking App Market, Segmentation By Market Place, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Social Networking App Market, Segmentation By Device Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France Social Networking App Market, Segmentation By Revenue Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Social Networking App Market

19.1. Italy Social Networking App Market, Segmentation By Market Place, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Social Networking App Market, Segmentation By Device Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy Social Networking App Market, Segmentation By Revenue Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Social Networking App Market

20.1. Spain Social Networking App Market, Segmentation By Market Place, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Social Networking App Market, Segmentation By Device Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Social Networking App Market, Segmentation By Revenue Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Social Networking App Market

21.1. Eastern Europe Social Networking App Market Overview
21.2. Eastern Europe Social Networking App Market, Segmentation By Market Place, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Social Networking App Market, Segmentation By Device Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Social Networking App Market, Segmentation By Revenue Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Social Networking App Market

22.1. Russia Social Networking App Market, Segmentation By Market Place, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Social Networking App Market, Segmentation By Device Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Social Networking App Market, Segmentation By Revenue Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Social Networking App Market

23.1. North America Social Networking App Market Overview
23.2. North America Social Networking App Market, Segmentation By Market Place, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Social Networking App Market, Segmentation By Device Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Social Networking App Market, Segmentation By Revenue Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Social Networking App Market

24.1. USA Social Networking App Market Overview
24.2. USA Social Networking App Market, Segmentation By Market Place, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Social Networking App Market, Segmentation By Device Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Social Networking App Market, Segmentation By Revenue Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Social Networking App Market

25.1. Canada Social Networking App Market Overview
25.2. Canada Social Networking App Market, Segmentation By Market Place, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Social Networking App Market, Segmentation By Device Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Social Networking App Market, Segmentation By Revenue Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Social Networking App Market

26.1. South America Social Networking App Market Overview
26.2. South America Social Networking App Market, Segmentation By Market Place, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Social Networking App Market, Segmentation By Device Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Social Networking App Market, Segmentation By Revenue Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Social Networking App Market

27.1. Brazil Social Networking App Market, Segmentation By Market Place, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Social Networking App Market, Segmentation By Device Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Social Networking App Market, Segmentation By Revenue Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Social Networking App Market

28.1. Middle East Social Networking App Market Overview
28.2. Middle East Social Networking App Market, Segmentation By Market Place, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Social Networking App Market, Segmentation By Device Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Social Networking App Market, Segmentation By Revenue Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Social Networking App Market

29.1. Africa Social Networking App Market Overview
29.2. Africa Social Networking App Market, Segmentation By Market Place, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Social Networking App Market, Segmentation By Device Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Social Networking App Market, Segmentation By Revenue Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Social Networking App Market Competitive Landscape And Company Profiles

30.1. Social Networking App Market Competitive Landscape
30.2. Social Networking App Market Company Profiles
- 30.2.1. Meta Platforms Inc. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.2. LinkedIn Corporation Overview, Products and Services, Strategy and Financial Analysis
- 30.2.3. TikTok Inc. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.4. Snap Inc. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.5. X Corp Overview, Products and Services, Strategy and Financial Analysis

31. Social Networking App Market Other Major And Innovative Companies

31.1. Pinterest Inc.
31.2. Line Corporation
31.3. Reddit Inc.
31.4. Nextdoor Holdings Inc.
31.5. Discord Inc.
31.6. Bumble Inc.
31.7. Quora Inc.
31.8. Foursquare Labs Inc.
31.9. Automattic Inc.
31.10. Telegram Messenger Inc.
31.11. Viber Media S.a r.l.
31.12. Meetup Inc.
31.13. Yubo Inc.
31.14. Clubhouse Media Group Inc.
31.15. Vero Labs Inc.

32. Global Social Networking App Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Social Networking App Market

34. Recent Developments In The Social Networking App Market

35. Social Networking App Market High Potential Countries, Segments and Strategies

35.1 Social Networking App Market In 2029 - Countries Offering Most New Opportunities
35.2 Social Networking App Market In 2029 - Segments Offering Most New Opportunities
35.3 Social Networking App Market In 2029 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer