How big is the AI in Social Media Market?

The AI in Social Media Market size is expected to reach USD 2.10 billion in 2024 and grow at a CAGR of 28.04% to reach USD 7.25 billion by 2029. Read More

What is the current AI in Social Media Market size?

In 2024, the AI in Social Media Market size is expected to reach USD 2.10 billion. Read More

Who are the key players in AI in Social Media Market?

Microsoft Corporation, Google LLC, Amazon Web Services, Inc, Adobe Systems Incorporated and Meta are the major companies operating in the AI in Social Media Market. Read More

Which is the fastest growing region in AI in Social Media Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in AI in Social Media Market?

In 2024, the North America accounts for the largest market share in AI in Social Media Market. Read More

What years does this AI in Social Media Market cover, and what was the market size in 2023?

In 2023, the AI in Social Media Market size was estimated at USD 1.64 billion. The report covers the AI in Social Media Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the AI in Social Media Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

AI in Social Media Market Share

Statistics for the 2023 & 2024 AI in Social Media market share, created by Mordor Intelligence™ Industry Reports. AI in Social Media share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of AI in Social Media Industry

The competitive rivalry in market is highly competitive with the dominance of players like Microsoft Corporation, Google LLC, and Amazon Web Services, among others. The market appears to be fragmented. Due to the growing use of AI in social media, significant players are implementing strategies such as partnerships, product innovation, mergers, and acquisitions.

In October 2022, Google Cloud announced a partnership with Snap Inc. (Snap), in which the firm will use Google's data, AI/ML, and analytics technologies to enable Snapchat's development. After working together for more than ten years, Snap will use Google Cloud more to improve the customer experience and offer more customized solutions.

August 2022 - Veritone, Inc., the provider of aiWARE, a hyper-extensive corporate artificial intelligence (AI) platform, announced an expansion of its collaboration with Amazon Web Services (AWS) to better serve its Media & Entertainment (M&E) customers. Veritone joined the AWS for Media & Entertainment program last year, which assisted rights holders, content creators, distributors, and producers in quickly identifying industry-specific AWS capabilities and accelerating transformation across five key industry innovation hubs. By continuing to support the AWS for Media & Entertainment program, Veritone shows that it is still committed to making it easier for IP owners of all sizes to create, distribute, and eventually make money from their content.

July 2022 - Meta, Facebook's parent company, will unveil Sphere, a new AI-powered tool. The tool helps to address and detect misinformation, also known as "fake news," on the internet. Meta claims to be the first [AI] system capable of scanning many citations at once to determine whether they genuinely support the relevant assertions.