How big is the Global Social Networking Market?

The Global Social Networking Market size is expected to reach USD 81.42 billion in 2024 and grow at a CAGR of 17.09% to reach USD 179.22 billion by 2029. Read More

What is the current Global Social Networking Market size?

In 2024, the Global Social Networking Market size is expected to reach USD 81.42 billion. Read More

Who are the key players in Global Social Networking Market?

YouTube, ByteDance, Twitter, Meta and Snap Inc. are the major companies operating in the Global Social Networking Market. Read More

Which is the fastest growing region in Global Social Networking 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 Global Social Networking Market?

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

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

In 2023, the Global Social Networking Market size was estimated at USD 69.54 billion. The report covers the Global Social Networking Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Social Networking Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Social Networking Market - Share, Size & Industry Analysis

Social Networking Industry Overview

The global social networking market is fragmented as the companies are involved in various competitive strategies. Firms in the global social networking platforms market employ different growth methods to acquire a competitive advantage over their competitors in this industry.

February 2022 - Former US President Donald Trump has launched TRUTH Social, a social networking program that he claims would "stand up to Big Tech" firms like Twitter and Facebook, which have prevented him from using their platforms.
April 2022 - Twitter, Inc. stated that it had reached a definitive agreement to be bought by an entity controlled entirely by Elon Musk for USD 54.20 per share in cash, in a deal worth approximately USD 44 billion. Twitter will become a privately held firm after the acquisition is completed.