HnyB Insights Predicts Global Social Networks Market to Touch $15.18Bn by 2020

Ahmedabad, India, April 29, 2012 --(PR.com)-- HnyB Insights has released the 2nd Edition of research titled Social Networks Strategy and Outlook, 2012 - 2020. According to research reports series released by HnyB Insights, the Global Social Networks revenue has reached $0.313Bn in 2011, a 44 per cent increase from 2010 revenue of $0.236Bn. Further as per Social Networks Strategy and Outlook, 2012 - 2020, Global Social Networks revenue is forecasted for consistent growth with 2012 revenue totalling $0.45Bn, and the market is projected to reach $1.16Bn in 2014, $2.91Bn in 2016, will touch magical mark of $7.25Bn towards end of 2018 and by 2020 it will grow substantially to around $15.18Bn.

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 Networks marketplace. Priyanka Sharma, an analyst at HnyB Insights, suggested that there would be substantial change in the Global Social Networks ecosystem.

Social Networks Strategy and Outlook, 2012 - 2020, 2nd Edition provides a detailed analysis of Social Networks 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/c15.html.

HnyB Insights is a Leading Intelligence & Knowledge Consulting group with global perspective with focus on Social Computing, Social Media, Social Technology and Social Networking. Find out more at www.hnyb.in

HnyB Insights provide mission-critical Information, Research, Analysis, Strategy, and Knowledge solutions to clients across the globe. HnyB Insights is a leading Intelligence & Knowledge Consulting group with global perspective with focus on Social Computing, Social Media, Social Technology and Social Networking in both Personal (or individual) and Enterprise (or business) segments. Based out of India, HnyB Insights is seen as a one-stop value-hub by its marquee clients helping them meet knowledge, information and intelligence challenges.

HnyB Insights works with some of the top organizations worldwide, delivering lasting value through its published reports as well as numerous client defined projects in the area of cutting edge Social Technology. Working side-by-side in a collaborative environment with clients, HnyB Insights’ consultants focus on the efficient transfer of knowledge. HnyB Insights is an institution committed to provide vital knowledge resources on emerging field of Social Technology, enabling clients to reach pinnacle of professional success by leveraging Social Tools and Social Media.

Excellent network of consultants, industry experts, analysts and access to key sources of information enables HnyB Insights to provide unbeatable value and time-to-market in all the engagements.