Ahmedabad, India, May 03, 2012 --(PR.com
)-- HnyB Insights has released the 2nd Edition of research titled Social Media Strategy and Outlook, 2012 - 2020. According to research reports series released by HnyB Insights, the Global Social Media revenue has reached $10.7705Bn in 2011, a 38 per cent increase from 2010 revenue of $7.306Bn. Further as per Social Media Strategy and Outlook, 2012 - 2020, Global Social Media revenue is forecasted for consistent growth with 2012 revenue totalling $14.825Bn, and the market is projected to reach $29.555Bn in 2014, $58.09Bn in 2016, will touch magical mark of $119.24Bn towards end of 2018 and by 2020 it will grow substantially to around $233.58Bn.
As per Nayan Patel, CEO of HnyB Insights a Leading Intelligence & Knowledge Consulting group with focus on Social Computing, Social Media, Social Technology and Social Networking, there would be substantial reorganization in Social Media marketplace. Divya Verma, an analyst at HnyB Insights, suggested that there would be substantial change in the Global Social Media ecosystem.
Social Media Strategy and Outlook, 2012 - 2020, 2nd Edition provides a detailed analysis of Social Media and covers around 40+ regions across the globe and provides short term to long term forecast and guidance. Many invaluable insights are part of this research which can be accessed at http://www.hnyb.in/c12.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