Global Public Relations (PR) Tools Market to Reach $29.5 Billion by 2030
The global market for Public Relations (PR) Tools estimated at US$14.2 Billion in the year 2023, is expected to reach US$29.5 Billion by 2030, growing at a CAGR of 11% over the analysis period 2023-2030. Social Media Monitoring & Management, one of the segments analyzed in the report, is expected to record a 12.1% CAGR and reach US$11.9 Billion by the end of the analysis period. Growth in the Content Creation & Distribution segment is estimated at 10.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.7 Billion, While China is Forecast to Grow at 14.7% CAGR
The Public Relations (PR) Tools market in the U.S. is estimated at US$3.7 Billion in the year 2023. 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 14.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.2% and 9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 8.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.6 Billion by the year 2030.
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