HnyB Insights predicts Global Social Technology market to touch $552.18Bn by 2020

May 29, 2012 - PRLog -- HnyB Insights has released the 2nd Edition of research titled Social Technology Strategy and Outlook,  2012 - 2020. According to research reports series released by HnyB Insights, the Global Social Technology revenue has reached $34.8705Bn in 2011, a 35 per cent increase from 2010 revenue of $25.606Bn. Further as per Social Technology Strategy and Outlook,  2012 - 2020, Global Social Technology revenue is forecasted for consistent growth with 2012 revenue totalling $46.925Bn, and the market is projected to reach $89.255Bn in 2014, $168.84Bn in 2016, will touch magical mark of $321.24Bn towards end of 2018 and by 2020 it will grow substantially to around $552.18Bn.

As per Nayan Patel, CEO of HnyB Insights a Leading Intelligence & Knowledge Consulting group with focus on Social Computing, Social Media, Social Technology and Social Networking, there would be substantial reorganization in Social Technology marketplace. Ruchi Jain, an analyst at HnyB Insights, suggested that there would be substantial change in the Global Social Technology ecosystem.

Social Technology Strategy and Outlook,  2012 - 2020, 2nd Edition provides a detailed analysis of Social Technology and covers around 40+ regions across the globe and provides short term to long term forecast and guidance. Many invaluable insights are part of this research which can be accessed at http://www.hnyb.in/c17.html.