The global demand for Social Computing Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Social computing is the area of computer science based on the creation of social conventions and social text with the help of software and technology. It is associated with the interaction of social behaviour and computational technology. It is the interface of systems that assist in the representation, gathering, processing, using and analysing of the data. It helps businesses get information about the public opinion of their brands through continuous feedback and analysis. There are a number of elements of social computing, such as blogs, wikis, emails, instant messages, social networking services, social bookmarking etc.
Market Dynamics
The social computing market growth is scaling up due to the rising use of smartphones and devices all over the world. The growing use of social media for different activities, including online shopping and communication, is contributing to the growth of this market. Continuous advancement in technology coupled with rising cloud adoption is expected to create multiple growth opportunities for this market over the forecast period. The increasing use of social media by businesses to endorse their brands and enhance customer experience tools is propelling the demand for this market. The generation of voluminous data and the use of social computing to offer competitive intelligence augment the demand for this market. However, the requirement for technical experts and high implementation efforts may hamper the growth of this market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of social computing. The growth and trends of social computing industry provide a holistic approach to this study.
Market Segmentation
This section of the social computing market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Component
By Application
- Sales And Marketing Management
- Customer Experience Management
- Competitive Intelligence
- Risk Management & Fraud Detection
- Public Safety & Law Enforcement
- Others
By Deployment
By Organization Size
- Small & Medium-Sized Enterprises
- Large Enterprises
By Industry Verticals
- BFSI
- Healthcare & Life Sciences
- Telecommunications & IT
- Government & Public Sector
- Manufacturing
- Consumer Goods & Retail
- Media & Entertainment
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Social Computing market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Social Computing Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the social computing market include Adobe Inc., GoodData Corporation, Hootsuite Media Inc., International Business Machines Corporation, NetBase Solutions Inc., Oracle Corporation, Salesforce.com Inc., SAP SE, SAS Institute Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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