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(IT-NEWSWIRE.COM, November 15, 2019 ) MarketsandMarkets forecasts the global Artificial Intelligence (AI) in social media market to grow from USD 633.1 million in 2018 to USD 2,197.1 million by 2023, at a Compound Annual Growth Rate (CAGR) of 28.3% during the forecast period. The flexibility in social media network can be achieved by integrating AI solutions with the social media network.
Additionally, there is an increase in the adoption rate of the AI technology for various applications, such as sales and marketing, predictive risk assessment, and customer experience management in the social media sector. These factors are expected to drive the growth of the AI in social media market.
Browse 83 market data Tables and 58 Figures spread through 179 Pages and in-depth TOC on "AI in social media market by Technology (Deep Learning & Machine Learning, and NLP), Application (Sales & Marketing, Customer Experience Management, and Predictive Risk Assessment), Component, Enterprise Size, End-User, and Region - Global Forecast to 2023"
Among technologies, the Natural Language Processing (NLP) technology is expected to grow at the highest CAGR during the forecast period
In the AI in social media market, the NLP technology is used to collect, analyze, and visualize customer-related data, such as responses to particular products and services. The NLP technology is also used to understand human languages via virtual chatbots. The use of the NLP technology in social media platforms has increased, which helps in offering 24/7 services to customers.
The Small and Medium-sized Enterprises (SME) segment is expected to have the largest market size during the forecast period
On the basis of enterprise size, the AI in social media market is segmented into SMEs and large enterprises. Among these, the SMEs segment is expected to have the larger market size during the forecast period. The increasing demand for the integration of the AI technology with social media platforms is expected to have accelerated the growth of the SMEs.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=92119289
Among components, the solutions segment is divided into software tools and platforms. Among these, the software tools segment is expected to grow at a higher CAGR during the forecast period. This high growth is attributed to the fact that these software tools are used to develop and deploy AI-enabled solutions in the social media sector.
Based on enterprise size, the AI in social media market is segmented into Small and Medium-sized Enterprises (SMEs) and large enterprises. The SMEs segment is expected to have the larger market size and grow at a higher CAGR during the forecast period. The adoption of AI in social media solutions by SMEs in the APAC region is expected to increase at a rapid pace. The increasing demand for the integration of the AI technology in the social media sector is expected to have accelerated the growth of the SMEs.
The AI in social media market report encompasses the competitive landscape and company profiles of the key vendors based on their product offerings and business strategies. The major AI in social media vendors include Google (US), Facebook (US), AWS (US), IBM (US), Adobe Systems (US), Baidu (China), Salesforce (US), Twitter (US), Snap (US), Clarabridge (US), Converseon (US), Sprinklr (US), Unmetric (US), ISentium (US), Cluep (US), Netbase (US), Spredfast (US), Synthesio (US), Crimson Heaxagon (US), Hootsuite (Canada), Sprout Social (US), Vidora (US), Meltwater (US), and Talkwalker (Luxembourg).
For More Information browse Complete Report @ https://www.marketsandmarkets.com/Market-Reports/ai-in-social-media-market-92119289.html
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Source: EmailWire.Com
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