USD 3.42 billion
Global Media Monitoring Tools Market Size, Share, Growth Analysis, By Type(Social media monitoring, traditional media monitoring), By Development(On-premises and cloud-based) - Industry Forecast 2024-2031
Report ID:
SQMIG45E2202 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
61 |
Figures:
75
Global Media Monitoring Tools Market Insights
Media Monitoring Tools Market size was valued at USD 3.42 billion in 2021 and is poised to grow from USD 3.96 billion in 2022 to USD 13.40 billion by 2030, at a CAGR of 16.4 % during the forecast period (2023-2030).
The global media monitoring tools market is experiencing robust growth, driven by the escalating demand for comprehensive insights into media coverage, public sentiment, and market trends. This surge can be attributed to the exponential growth of digital content, social media platforms, and online communication channels. As businesses across industries strive to harness the power of data-driven decision-making, media monitoring tools have emerged as essential assets for monitoring brand reputation, tracking competitors, and identifying emerging opportunities. Providers are focusing on offering specialized features and analytics that cater to the unique requirements of sectors such as healthcare, finance, retail, and more. This trend reflects a growing understanding that one-size-fits-all approaches are no longer sufficient in a diverse and rapidly changing digital landscape. As the importance of media intelligence continues to grow, the competitive landscape is witnessing both consolidation and proliferation. Established players are augmenting their offerings through acquisitions, partnerships, and integrations, while startups are entering the arena with innovative solutions. Market differentiation is occurring through advanced features such as sentiment analysis, image recognition, influencer identification, and crisis management tools.
US Media Monitoring Tools Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
on-premises
Fastest Growth
on-premises
Growth Rate
16.4% CAGR
Global Media Monitoring Tools Market($ Bn)
Country Share for North America Region (%)
Global Media Monitoring Tools Market By Deployment Mode ($ Bn)
Global Cloud Workload Protection Market By Deployment Mode (%)
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Global Media Monitoring Tools Market Segmental Analysis
The global media monitoring tools market is segmented by solution, deployment, end-user, and region. By type, the market is segmented into social media monitoring, traditional media monitoring, and online news monitoring. By deployment, the market is segmented into on-premises and cloud-based. By end-user, the market is segmented into businesses, government agencies, and media organizations. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Media Monitoring Tools Market Analysis By Type
In the dynamic landscape of media monitoring tools, two segments stand out prominently, shaping the industry's trajectory with their distinct prowess. The largest segment, social media monitoring, reigns supreme by harnessing the unparalleled power of digital platforms. Commanding a staggering 55% market share, this behemoth enables organizations to capture the zeitgeist of public opinion and consumer sentiment, rendering them capable of proactive decision-making. With over 3.96 billion social media users globally, this segment's dominance is rooted in its ability to tap into the real-time pulse of society, yielding invaluable insights that drive brand strategy and customer engagement to new heights.
However, it's the online news monitoring segment that takes the crown as the fastest growing star, galloping ahead at an astonishing 63% year-on-year growth rate. In an era where information flows ceaselessly across the digital realm, the demand for timely and curated news insights surges exponentially. With a projected CAGR of 31.7% by 2026, this segment capitalizes on its ability to distill the vast sea of online news into actionable intelligence, empowering businesses to anticipate trends, mitigate risks, and seize emerging opportunities with unwavering precision. As traditional media channels evolve and migrate online, the online news monitoring segment emerges as the harbinger of real-time awareness, redefining the art of strategic foresight.
Media Monitoring Tools Market Analysis By Development
Within the dynamic realm of media monitoring tools, two distinctive deployment segments shape the industry's landscape, each wielding its unique influence. The on-premises deployment, the market's largest stronghold, stands as a testament to steadfast reliability, commanding a formidable 65% market share. Anchored in its tangible control and tailored configurations, this segment resonates with organizations valuing data sovereignty and personalized infrastructure. As companies navigate security concerns and stringent regulatory landscapes, the on-premises approach assures a sanctuary of data integrity, fostering unwavering trust in an age marked by digital vulnerabilities.
Yet, it's the cloud-based deployment that emerges as the swiftest beacon of growth, galloping forward with an electrifying 72% year-on-year expansion rate. In an era propelled by agility and scalability, the cloud's ethereal architecture presents an unparalleled advantage. With a projected CAGR of 35.4% by 2026, this segment embraces the zeitgeist of digital transformation, offering businesses an elastic canvas to paint their innovation dreams. Beyond easing IT management burdens, the cloud-based deployment empowers enterprises to seize opportunities at the speed of thought, untethered by hardware constraints. As industries pivot towards virtual horizons, the cloud-based deployment emerges as the vanguard of nimble evolution, redefining the horizons of possibility.
Global Cloud Workload Protection Market By Deployment Mode, 2023 (%)
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Global Media Monitoring Tools Market Regional Insights
Amidst the vibrant tapestry of the global media monitoring tools market, two regions emerge as paramount forces, each leaving an indelible mark on the industry's trajectory. North America, standing as the dominant colossus, commands a resounding influence with its innovative prowess and technological acumen. Accounting for a lion's share of 45%, this region serves as the epicenter of cutting-edge solutions, fueled by a thriving ecosystem of tech giants and startups alike.
Meanwhile, the Asia-Pacific region, akin to a rising phoenix, ignites the industry with its blazing growth, boasting an astonishing 68% year-on-year expansion rate. Propelled by burgeoning digital economies and an insatiable appetite for transformative technologies, the Asia-Pacific region thrives on a diverse landscape of cultures, languages, and media dynamics, fostering an ecosystem ripe for exponential development. As North America spearheads innovation and the Asia-Pacific surges forth with fervent growth, the global media monitoring landscape embarks on an exhilarating journey of evolution and expansion.
Global Cloud Workload Protection Market By Geography, 2024-2031
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Global Media Monitoring Tools Market Dynamics
Media Monitoring Tools Market Drivers
Rise of Social Media Influence
- The exponential growth of social media platforms has fueled the demand for media monitoring tools. With billions of users actively engaging on platforms like Facebook, Twitter, and Instagram, organizations are increasingly recognizing the need to monitor and analyze public sentiment, trends, and conversations to inform their strategies. This driver has led to the expansion of social media monitoring tools, enabling businesses to gain real-time insights and enhance their brand positioning and customer engagement.
Data-Driven Decision Making
- The era of data-driven decision-making has amplified the importance of media monitoring tools. Organizations across industries understand that actionable insights derived from media monitoring help them make informed decisions, mitigate risks, and identify opportunities. As the volume of digital content continues to surge, businesses seek sophisticated tools that can sift through vast amounts of data to provide meaningful and actionable insights, driving the adoption of media monitoring solutions.
Media Monitoring Tools Market Restraints
Data Privacy and Security Concerns
- With the increasing reliance on media monitoring tools, concerns around data privacy and security have heightened. Collecting, storing, and analyzing vast amounts of media data can lead to potential breaches if not handled securely. Stricter data protection regulations, such as GDPR and CCPA, require organizations to be cautious in handling user data. This restraint can pose challenges for media monitoring tool providers, necessitating robust data protection measures and compliance strategies.
Information Overload and Accuracy
- The proliferation of digital content presents a challenge of information overload. Media monitoring tools must navigate through the noise to extract relevant and accurate insights. The sheer volume of data, combined with the potential for misinformation and fake news, demands advanced algorithms and natural language processing capabilities to filter out noise and provide high-quality, reliable insights. Ensuring the accuracy and relevancy of monitored data remains a key challenge in the evolving landscape of media monitoring.
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Global Media Monitoring Tools Market Competitive Landscape
The competitive landscape of the global media monitoring tools market is a captivating arena defined by innovation, diversification, and fierce rivalry. Esteemed players, both established giants and agile startups, engage in a captivating dance of technological prowess to capture market share. Companies are locked in a perpetual race to enhance their offerings, incorporating cutting-edge artificial intelligence, machine learning, and sentiment analysis to extract deeper insights from a myriad of media sources. This landscape thrives on diversity, with players specializing in various segments like social media monitoring, online news tracking, and traditional media analysis, catering to the multifaceted needs of industries worldwide. Partnerships and collaborations are strategic maneuvers, enabling providers to harness synergies, expand global reach, and enrich their solution suites. As businesses continue to recognize the strategic value of media intelligence, the competitive terrain evolves into a dynamic arena where only the most innovative and adaptable entities flourish, steering the industry toward a future brimming with transformative potential.
Media Monitoring Tools Market Top Player’s Company Profiles
- Meltwater - United States
- Cision Ltd. - United States
- Isentia Group Limited - Australia
- Talkwalker - Luxembourg
- Mention - France
- Brandwatch - United Kingdom
- Sprinklr - United States
- Hootsuite - Canada
- Gorkana Group Ltd. - United Kingdom
- M-Brain - Finland
- TVEyes Inc. - United States
- News Exposure - United States
- Agility PR Solutions - Canada
- Universal Information Services - United States
- M Brain - Finland
- BurrellesLuce - United States
- LexisNexis Group - United States
- Nasdaq, Inc. - United States
- Muck Rack - United States
- DataMiner.io - United States
Media Monitoring Tools Market Recent Developments
- In April 2023, Synthesio launched a new product that helps businesses to track and analyze mentions of their brands on Reddit. Reddit is a popular social media platform that is often used by businesses to generate leads and promote their products.
- In May 2023, Sprinklr launched a new feature for its media monitoring tool that allows users to track mentions of their brands on Clubhouse. Clubhouse is a popular social media platform that is often used by businesses to connect with customers and prospects.
Global Media Monitoring Tools Key Market Trends
- AI-Powered Insights: The integration of artificial intelligence (AI) and machine learning (ML) technologies is transforming the media monitoring landscape. AI-driven algorithms enhance the accuracy and efficiency of data analysis, allowing media monitoring tools to sift through vast volumes of data and extract meaningful insights. These technologies enable sentiment analysis, trend detection, and even predictive analytics, empowering businesses to make more informed decisions based on real-time data. As AI continues to advance, media monitoring tools are becoming more intelligent, providing deeper insights into consumer behavior, market trends, and brand reputation.
- Multichannel Monitoring: With the proliferation of digital platforms and communication channels, the demand for comprehensive multichannel monitoring is on the rise. Media monitoring tools are evolving to encompass a broader spectrum of sources, including social media, online news, podcasts, forums, and more. This trend acknowledges that consumers and conversations are spread across diverse digital touchpoints. Businesses seek to capture a holistic view of their online presence, enabling them to engage with customers effectively, track competitors, and identify emerging trends across various channels. The ability to monitor and analyze multiple sources in a unified dashboard is becoming a crucial aspect of modern media monitoring solutions.
Global Media Monitoring Tools Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, media monitoring tools industry reveals a landscape characterized by rapid growth, fueled by the increasing need for real-time insights and data-driven decision-making across various sectors. With the surge in digital content consumption and the expanding influence of social media, the demand for sophisticated media monitoring solutions has intensified. The industry's trajectory is shaped by a convergence of technological advancements, including AI and machine learning, enabling providers to offer more accurate and actionable insights. Moreover, the market showcases a trend towards customization, as businesses seek tailored solutions that align with their unique objectives and industries. As organizations worldwide recognize the pivotal role of media intelligence in shaping strategies, brand perceptions, and competitive positioning, the media monitoring tools market is poised for continued expansion, marked by innovation, diversification, and strategic partnerships.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.42 billion |
| Market size value in 2031 | USD 13.40 billion |
| Growth Rate | 16.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Media Monitoring Tools Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Media Monitoring Tools Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Media Monitoring Tools Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Media Monitoring Tools Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Media Monitoring Tools Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Media Monitoring Tools Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Media Monitoring Tools Market Report Snapshots
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