Social Media Branding revenue to show rapid growth, reaching $3Bn by 2015 and $13.8Bn by 2020
According to the 2nd Edition of research series released by HnyB Insights titled Social Branding Strategy and Outlook, Social Branding revenue which comprises of Social Branding Services and Tools is close to $.7Bn in 2011 will grow at a rapid rate to reach $3Bn by 2015 and will further grow to $13.8Bn by 2020. The research series covers around 40+ regions across the globe.
- (1888PressRelease) April 03, 2012 - According to research reports released by HnyB Insights, the Global Social Branding revenue has reached $0.7Bn in 2011. Further the Worldwide Social Media revenue is forecast for consistent growth with 2012 revenue totalling $14.9Bn, and the market is projected to reach $29.1Bn in 2014, $58.1Bn in 2016, will touch magical mark of $100Bn towards early part of 2018 and by the end of 2020 it will grow substantially closing at around $233bn.
According to Nayan Patel, CEO of HnyB Insights a Leading Intelligence & Knowledge Consulting group with focus on Social Computing, Social Media, Social Technology and Social Networking, while presently North America, Europe and Asia Pacific are substantial contributors in Social Media Marketplace there would be substantial reorganization. Asia and Oceania which contributed 30.60 per cent of global Social Media revenue in 2010 will be contributing around 35.90 per cent by 2020. North America and the Caribbean which contributed 27.60 per cent of global Social Media revenue in 2010 will be contributing around 18.70 per cent by 2020. Europe which contributed 25.30 per cent of global Social Media revenue in 2010 will be contributing around 16.30 per cent by 2020. Latin America which contributed 7.80 per cent of global Social Media revenue in 2010 will be contributing around 13.60 per cent by 2020. Middle East which contributed 4.90 per cent of global Social Media revenue in 2010 will be contributing around 6.60 per cent by 2020. Africa which contributed 3.80 per cent of global Social Media revenue in 2010 will be contributing around 9.20 per cent by 2020.
Analyst of HnyB Insights Namrita Kapadia suggested that Branding Context is changing - From Controlled Broadcast to Connected Real-time conversation. Customers are participating in Social Networks, creating and sharing content, communicating and building relationships with each other. These customer-to-customer (C2C) interactions are extremely powerful marketing tools, if tapped into in the right way. As it is Real -Time and on Open sharing platform, it is very critical to get into a Social branding with effective Planning and Strategy. Marketers have started Taking Social Media Branding seriously and many companies now have separate budget for Social Media Branding.
According to the 2nd Edition of research series released by HnyB Insights titled Social Branding Strategy and Outlook, Social Branding revenue which comprises of Social Branding Services and Tools is close to $.7Bn in 2011 will grow at a rapid rate to reach $3Bn by 2015 and will further grow to $13.8Bn by 2020. Social Branding Strategy and Outlook, 2nd Edition provides a detailed analysis of Social Branding in Africa, Asia Pacific, Asia, East & Central Africa, Eastern Europe, European Union, Europe, Global, Latin America & Caribbean, Middle East & North Africa, North America, Pacific & Oceania, South East Asia, Western Europe, Australia, Brazil, Canada, China, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Japan, Mexico, Nigeria, Russia, South Africa, Singapore, South Korea, Sweden, Switzerland, Taiwan, Turkey, United Arab Emirates, United Kingdom and USA markets.
The research series covers around 40+ regions across the globe and provides short term to long term forecast and guidance. While the Social Media Branding provides a slew of benefits for brands looking to reach a qualified audience, to take maximum benefits from Social Branding, appropriate Social Strategy should be in place which will create sync between promotion on all platforms, product design, customer service etc. Many such invaluable insights are part of this research which can be accessed at http://www.hnyb.in/c04.html
About HnyB Insights
HnyB Insights is a Leading Intelligence & Knowledge Consulting group with global perspective with focus on Social Computing, Social Media, Social Technology and Social Networking. Find out more at www.hnyb.in
HnyB Insights provide mission-critical Information, Research, Analysis, Strategy, and Knowledge solutions to clients across the globe. HnyB Insights is a leading Intelligence & Knowledge Consulting group with global perspective with focus on Social Computing, Social Media, Social Technology and Social Networking in both Personal (or individual) and Enterprise (or business) segments. Based out of India, HnyB Insights is seen as a one-stop value-hub by its marquee clients helping them meet knowledge, information and intelligence challenges.
HnyB Insights works with some of the top organizations worldwide, delivering lasting value through its published reports as well as numerous client defined projects in the area of cutting edge Social Technology. Working side-by-side in a collaborative environment with clients, HnyB Insights' consultants focus on the efficient transfer of knowledge. HnyB Insights is an institution committed to provide vital knowledge resources on emerging field of Social Technology, enabling clients to reach pinnacle of professional success by leveraging Social Tools and Social Media.
Excellent network of consultants, industry experts, analysts and access to key sources of information enables HnyB Insights to provide unbeatable value and time-to-market in all the engagements.
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