The article cited AMA's Global Mobile Social Networks Market Study explored substantial growth with CAGR of 14.8%. According the report, Pervasive Collaboration
is one of the primary growth factors for the market. Increase in Handy Devices
is also expected to contribute significantly to the Mobile Social Networks market. Overall, Group Texting
applications of Mobile Social Networks, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Mobile Social Networks market identified that the demand is rising in many different parts of the world as "Introduction of 5G Network". Furthermore, some recent industry insights like "In March 2021, Facebook has launched a range of new remote collaboration tools “Workplace Room” for the company's professional Workplace platform. Workplace Room comprises of video chat Rooms and new ways to connect via Portal. It is secure for coworkers to stay connected in their routinely activities." is constantly making the industry dynamic. One of the challenges that industry facing is "Data Security Concern and Privacy Concern"
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Mobile Social Networks market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Mobile Social Networks market and other related sub-markets covered in the study.
o Key & emerging players in the Mobile Social Networks market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Mobile Social Networks market size is calculated using market estimation process, the Mobile Social Networks market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Mobile Social Networks market size has been validated using both top-down and bottom-up approaches.