Media Monitoring Tools Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030
Page: 215 | Report Code: ICTM241008 | Research Suite: Report (PDF) & Market Data (Excel)
The global market value of the media monitoring tools market
was valued at USD 4.5 billion in 2022, and a CAGR of 15.7% is expected during
the forecast period. Rising adoption of web and social media by enterprises is
driving growth in the market significantly. Rising investment in digital
advertising and rising penetration of the internet are driving growth in the
market significantly.
Increasing growth in demand for e-books, magazines, and newspapers, and the advent of social media platforms are driving growth in the market significantly. Increasing internet penetration and rising adoption of digital media platforms are driving growth in the media monitoring tools market. Online media monitoring systems are highly in demand due to increasing internet usage.
Digital marketing and sales management are expected to drive the growth in the market significantly. Increasing demand for services is crucial for the significant growth in this market. The role of media has become significant in the modern world. Managing media tools with efficiency is the key requirement in the market significantly. Organizations are witnessing significant growth in the media monitoring tools.
Growth Drivers
Growing use of digital media platforms has increased the
need for monitoring and analyzing online content and social media. Businesses
are seeking real-time insights to respond quickly to market changes and public
sentiment. Companies use media monitoring tools to track brand mentions, manage
reputations, and understand public perception. Organizations need to monitor
media for compliance with regulations and industry standards.
Increasing growth in the field of artificial intelligence
and machine learning is also a key factor behind the significant growth in the
market. The proliferation of social media platforms all around the world is
driving growth in the market. Increasing reliance on social listening platforms
had increased the growth in the media monitoring tools market. Increasing usage
of cloud-based solutions is driving growth in the market significantly.
Increasing demand for 5G networks in the market is driving growth.
Segmentation
By Industry
·
Healthcare
·
BFSI
·
Media and Entertainment
·
Retail and E-Commerce
·
IT and Telecom
·
Others
By Application
·
Digital Marketing and sales management
·
Customer Experience and PR management
·
Content Management
·
Real time Analytics
·
Others
By Enterprise Type
·
Large
·
Small
·
Medium
By Deployment Type
·
Cloud
·
On-Premise
By Component Type
·
Software
·
Services
By Type
·
Print Media Monitoring Solutions
·
Broadcast Media Monitoring Solutions
·
Online Media Monito
·
ring Solutions
·
Social Media Monitoring Solutions
·
Others
Regional Outlook
·
Asia Pacific
·
North America
·
Latin America
·
Middle East and Africa
·
Europe
Media Monitoring Tools by Deployment
Type
On the basis of deployment type, the media monitoring tools market is segmented into cloud and on-premise. Cloud-based solutions are generally the leading segment because they offer flexibility, scalability, and cost-effectiveness, which are attractive features for many businesses. It also provides easier integration with other digital tools and platforms, which enhances the efficiency of media monitoring. On-premise solutions are still used, particularly by organizations with specific security or compliance needs, but the cloud segment has an edge over on-premise. Increasing growth in the field of artificial intelligence is driving the demand for media monitoring tools.
Media Monitoring Tools Market by
Industry
On the basis of the industries, media monitoring solutions are segmented into BFSI, healthcare, media and entertainment, retail and e-commerce, IT and telecom, and others. Media and Entertainment is the leading segment in media monitoring solutions. This sector is a leading segment because media monitoring solutions are essential for tracking media coverage, analyzing trends, and public reactions.
The retail and e-commerce sector is also a
leading sector during the forecast period due to the need for monitoring brand
reputation, customer feedback, and competitive analysis. The healthcare sector
is also witnessing significant demand due to the need for monitoring public
sentiment, regulatory compliance, and health-related news. The IT and telecom
sectors are important for managing brand reputation, customer feedback, and
industry trends. Bank, financial services, and insurance are also relevant for
monitoring financial news, regulatory changes, and market sentiment.
Media Monitoring Solutions by Component
Type
On the basis of the component, media monitoring solutions
are segmented into software and services. Services are the leading segment in
media monitoring solutions. It leads over the software. It includes
comprehensive offerings such as data analysis, reporting, and consulting, which
provide added value beyond the software tools. These services are crucial for
delivering actionable insights and tailored solutions to clients. Software
solutions are also significant, especially with the growing adoption of
AI-driven tools that streamline monitoring and analysis.
Regional Outlook
On the basis of the regions, the media monitoring tools market is segmented into 5 regions: Asia Pacific, North America, Latin America, the Middle East and Africa, and Europe. Increasing demand for media tracking software tools is the key reason behind the significant growth in the market. Due to the presence of significant media monitoring software providers, Europe is expected to dominate the market during the forecast period.
Countries like Germany, France, Italy, England, and Russia are the key markets in the region. North America, including countries like the United States of America and Canada, is witnessing growth during the forecast period due to rising penetration of smartphones and the internet. Increasing awareness among people in these countries about the importance of digital media platforms is driving growth in the market significantly.
North America has a high level of technology adoption,
innovation, and driving demand for advanced media monitoring solutions. The
region has a robust media landscape with numerous channels and platforms,
creating a need for comprehensive monitoring tools. The presence of major tech
companies in the region is driving growth in the market significantly.
Businesses in North America invest significantly in marketing and advertising.
Diverse and dynamic consumer behavior in North America drives the need for
advanced tools to analyze and understand media trends and public sentiment.
Companies in the region need to comply with various regulations, which increase
the demand for media monitoring tools to ensure adherence and manage risks.
Key Players
·
Mention
·
Brand24 Global, Inc.
·
Zoho Corporation
·
Onclusive, Inc.
·
Oracle Corporation
·
BuzzSumo Ltd.
·
Semrush Holdings Inc.
·
Hootsuite Media, Inc.
·
TVEyes, Inc.
·
Sprout, Social Inc.
·
Meltwater News Us. Inc.
·
Semantrum LLC
·
Cision Ltd.
· Other Players