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(Wireless-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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