The Future Of Social Media Networking Sites
By: Mark Hudson | Posted: 13th October 2010
The present explosion of the social media networking sites is one of the biggest phenomenon the on-line world has seen. The last wide spread popular phenomenon was that of the dot.com.
The revenue which was earned by all the social media networking sites in the year 2007 was $970 million. Its expected that by the year 2012 the collective earnings will be more than $2.4 billion.
There is a huge variation in the membership growth of the networking sites from region to region. The Asia pacific has the most amounts of users and its steadily growing. This is followed by EMEA, North America and then the Caribbean.
Many people think that these social media markets are going to be consolidated fairly shortly as a result of the crowding of the social media networking industry. This has made people to presume that most of the smaller private networking site will be swallowed by the bigger companies. But some experts feel that this isn’t going to happen. They feel that social media networking web sites that are focused on particular interests are going to outlive the consolidation that may take place.
The founder of FaceBook, Mark Zuckerberg, has made a declaration saying that although his company is growing at an unbelievable pace, it is many years from flotation. Although there is no doubt that social media networking sites are an extremely ground breaking innovation, they can never last forever. They will certainly fade away just as the other internet phenomenon.
This doesn't actually mean that there is no future for the social media networking sites. This is simply the starting of the game, the future appears to be bright for the social media sites and its very hard to predict how wide spread the industry is going to get. But one of the things that these social media site companies need to concentrate is preparing themselves to adapt to the changes which might take place in the future.
If firms wish to roll with the punches, one of the things which they’ll have to do is develop an approach to manage all the hot house atmosphere which is currently present in the business and also an approach to handle the eventual cooling off which is going to take place. This'll need companies to set up and maintain the infrastructure which is required to run these sites effectively. They will also need to find efficient ways to support social networking sites particularly the aspects of scalability and availability.Find out how Mark shows social media for celebrities how to find celebrities to work with, what needs to be done and how to expand your business to serving multiple clients at http://www.Celebrity-Famous.com.This article is free for republishing
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Tags: game, earnings, variation, no doubt, innovation, explosion, north america, consolidation, punches, networking web sites, year 2012, mark zuckerberg, asia pacific