Social Media Engagement Applications allows different kinds of users to exchange data which can be in the form of text, image, video, audio etc. via social media platforms such as Facebook, Twitter and LinkedIn etc. Because of variety of features and advantages offered by these media services, their user base have grown exponentially and is still growing.
A lot of established companies have their business model based on social media applications such as Facebook, WhatsApp, LinkedIn etc., while there are other companies who are attracting huge traffic from these social media applications which ultimately reflects as sales conversion.
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With the advent of smartphone and its increasing penetration among the users, mobile applications now contributes major chunk of the revenue for social media companies.
Even government organizations are actively participating in social media platforms either to advertise about their works, or to provide information about a particular topic to users or for opinion polls.
Regional Overview
Regional usage of social media platform depends highly on regions population and accessibility of the internet and smartphone devices, which is why largest percentage of users are located in APAC regions followed by European, American and other regions.
With increasing accessibility of the technology and supporting devices to poorer nations, distribution of usage of social media platforms will solely rely upon population of regions.
Increasing internet usage, smartphone penetration will be the major drivers for global social media engagement application market.
Other drivers which will contribute in market growth are increasing awareness among non-users, decreasing cost of broadband and data tariffs, increasing benefits offered through applications etc.
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Social Media Engagement Applications Market Segmentation
On the basis of platforms:
- Social Networks-applications which allow users to connect with each other via a profile or group of profiles. Most common social networking sites are Facebook, LinkedIn etc.
- Media Sharing- media sharing platforms allows users to upload and exchange different sorts of media such as video, pictures etc. YouTube, Instagram are the most common platforms for media sharing.
- Microblogging– microblogging platforms allows users to exchange content in the form of comments, images, video links etc. Twitter is a famous microblogging platform.
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
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