The Social Media & Networking industry has grown immensely over the years dominated by platforms like Facebook, Twitter, Whatsapp, etc. The total revenue of the industry that was calculated to be 17.85 Billion in 2014 has already grown to about 38.48 Billion in 2017 and is still increasing at a rapid pace. The social media and Dating applications are also one of the top categories in the mobile app market, earning high ROIs for their owners.
The social media industry owing to its engaging potential and high customer reach is also a great advertising platform. Thus, making it a high-yielding business area for investors. Many businesses have already started gaining their fair share of revenue by employing Whatsapp clone app development, social media app development, dating application development, Facebook and Instagram clones, etc.
The worldwide revenue of the Social Media & Networking industry has grown from 17.85 Billion in 2014 to over 35 Billion in 2017.
Facebook owns 18% of the social media market share and is followed by Whatsapp with 11% of the market share. The ROI for Facebook is also the highest.
Facebook also dominates the social media industry when it comes to business advertisement and boasts the highest engagement potential.
As the stats say, the total number of internet users has reached to a whopping 50% of the world’s population and the number of social media users are 2.789 Billion i.e. 37%.
The social media and networking industry is a byproduct of the constant leaps in the field of communication technology. The industry today holds a prominent share in the business world and proves to be one of the best fields for a startup idea. Endive Software is one of the most preferred service providers in the field of social media and networking owing to its profound experience in the same.
Endive Software has a well-established team of web developers who being updated with the newest trends in the field of web design and development, develop the most engaging and feature-rich social media web applications. Working on real-time data, our web development solutions for social media and networking businesses promise to boost your market presence and appeal your user base.
Engaging user experiences, feature-rich app functionality, and intuitive user interface. Social media mobile app solutions from Endive Software are the best-in-class and promise you a recognized position in the mobile app world. We have been working with various social media clients over their multifarious requirements, including – Whatsapp clone development, dating application development, Facebook clone development, chatting app development, image sharing app development, etc.Get in Touch
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