Report: Social media revenue to hit $29.1 billion by 2015

Last year, revenue stemming from social media sites was $7.3 billion. Is it fair to call that explosive growth?

Ragan Insider Premium Content
Ragan Insider Content

Reporting on the latest numbers from Gartner, ZDNet Asia said:

“The worldwide market is on track to hit $10.3 billion this year, a 41.4 percent jump from $7.3 billion in 2010. It will reach $14.9 billion by 2012 and by 2015, nearly double this amount at $29.1 billion.”

The biggest contributor to this explosive growth is ads on social networks, according to Gartner. Revenue from social gaming is another contributor.

To read the full story, log in.
Become a Ragan Insider member to read this article and all other archived content.
Sign up today

Already a member? Log in here.
Learn more about Ragan Insider.