# Social networks

**The social networking platforms market has been increasing at an exponential rate.**

**In 2019, this** market was evaluated at **US$192.95 billion.** It is projected to grow at a compound annual growth rate (CAGR) of 25.38% to reach a market size of $939.68 billion by the year 2026. 

The social networking platforms market has been increasing at an exponential rate.

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