Influencer Marketing Market was is expected to grow $107.72 Bn by 2030

(IT-NEWSWIRE.COM, October 21, 2024 ) Influencer Marketing Market size was valued at US$ 16.98 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 30.2% through 2024 to 2030, reaching nearly US$ 107.72 Bn.

Influencer marketing has reshaped corporate models, creating new revenue streams through internet advertising. With easy access to high-speed internet, marketers reach target audiences through influencers on social media platforms like Facebook, Instagram, YouTube, and Pinterest. Collaborating with relevant personalities enhances consumer engagement, despite challenges such as false followers and limited measurement skills. The COVID-19 pandemic accelerated the adoption of influencer marketing, as businesses sought cost-effective promotional strategies during lockdowns. North America leads the global market, driven by skilled platform developers and digital marketers. Even post-pandemic, social media platforms will remain vital for advertising, sustaining the growth of influencer marketing.

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Influencer Marketing Market Segmentation

by Application

Campaign Management

Search & Discovery

Analytics & Reporting

Influencer Management

by Organization Size

Large Enterprises

SMEs

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by End-User

Food & Entertainment

Sports & Fitness

Travel & Holiday

Fashion & Lifestyle

Others

by Component

Solution

Services

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Influencer Marketing Market Top Leaders:

1. IZEA

2. HYPR

3. Traackr

4. InfluencerDB

5. Launchmetrics

6. Julius

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Influencer Marketing Market was is expected to grow $107.72 Bn by 2030