news
Global public relations tools market to reach $29.5 billion by 2030, report
In the changed post COVID-19 business landscape, the global market for Public Relations (PR) Tools estimated at $13.4 Billion in the year 2022, is projected to reach a revised size of $29.5 Billion by 2030, growing at a Compound annual growth rate, CAGR, of 10.4% over the period 2022-2030. This is a according to a recent report by Reportlinker.com
Social Media Monitoring & Management, one of the segments analyzed in the report, is projected to record 11.8% CAGR and reach US$11.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Content Creation & Distribution segment is readjusted to a revised 9.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $3.7 Billion, While China is Forecast to Grow at 15.4% CAGR
The Public Relations (PR) Tools market in the U.S. is estimated at US$3.7 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.1 Billion by the year 2030 trailing a CAGR of 15.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.5% and 8.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.9% CAGR.
