The current size of the influencer marketing industry is expected to continue to grow at a significant rate. In the U.S. alone, the market for influencer marketing is expected to reach $20 billion in 2019. The growth rate of influencer marketing is expected to be 11% in the coming years.
According to a study by Apex Media, the influencer marketing market is thought to be worth around $2 billion.
Influencer marketing is projected to grow by 20% annually and reach $2.2 billion by 2020. Influencer marketing is projected to grow by 20% annually and reach $2.2 billion by 2020. Influencer marketing is no longer a new phenomenon. It has existed for years, and brands have been using influencers to reach their target audience for several decades.
In recent years, the influence of influencers has grown and is estimated to be worth $3.2 billion by 2020.
Influencer marketing is a form of digital marketing that involves leveraging the influence of social media influencers to promote brands, products, and services. According to a report by Statista, it is expected that the total amount spent on influencer marketing will reach $3.2 billion by 2020. This is a significant increase from $1.5 billion in 2017.
However, the problem is that most companies are not leveraging the marketing potential of influencers.
There are a number of statistics that show how big the influencer marketing market is. According to a recent study by Influencer Marketing Hub, the size of the influencer marketing market in the United States is estimated to reach $1.3 billion in 2020. This means that the influencer marketing market is likely to grow by 11% in the next five years. If you are looking for ways to increase your brand awareness and drive sales, building a relationship with influencers is the way to go.
In fact, according to the State of Influencer Marketing in 2015of marketers still don’t have a strategy to identify or work with influencers.
Influencer marketing is a $500 billion industry. In other words, it’s a multi-billion dollar industry with a lot of room to grow. A recent report by Influencer Marketing Hub says that the number of people who saw a promoted post on Instagram increased 20% in the first quarter of 2018. This is significant in the context of all digital advertising because it’s so easy for people to share content at the moment they find it.
Additionally, only 2of marketers use influencer marketing to increase revenue.
Influencer marketing has been around for a while, yet the number of marketers using it to increase revenue has grown almost every year. In 2019, it’s estimated that the influencer marketing market will grow to $9.6 billion in the U.S. alone. That’s an increase of 16 percent from last year.
By the end of 202the number of marketers using influencer marketing will increase to 44%.
If you’re wondering how big the influencer marketing market is, you’re not alone. According to a report by Influencer Marketing Hub, the overall size of the market will reach $26.02B by 2022. This makes influencer marketing the fastest-growing marketing channel in the coming years.
But the number of marketers who have no strategy to work with influencers will drop to only 20%.
In the United States, the estimated size of the influencer marketing industry in 2018 is $500 billion. This is projected to jump to $1 trillion in 2021. Influencer marketing is projected to grow at a CAGR of 11.5% between 2019 and 2023. This number is not only because more people are using social media but because businesses are realizing the value of influencer marketing. Businesses are paying influencers for sponsored content, product reviews, and other types of promotions, with the average cost of an influencer post reaching $1.5 million in 2019.
Conclusion
According to Influencer Marketing Hub, the influencer marketing market will grow from $6.64 billion in 2020 to $23.62 billion by 2025, a 196.9% increase. That’s right, the influencer marketing market will increase by 196.9% in the next five years.
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