In this document you will find about the influencer marketing platform market trends, growth, and forecast. In recent times influencer marketing is getting popularity specially among medium and small sized organizations. This document highlight the growth and trends of influencer marketing platform and market research analysis of it by Delvens.
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6. Introduction
The advent of social media and its popularity has helped many small and new content
creators to show their talent to the world. Earlier only stars and people who got covered by
mainstream media channels are stated to be influencers but social media has changed the
concept of influencers nowadays. Now with the help of these platforms, anyone can show
their talent and can become an influencer.
When companies realized the power of these content creators, they started collaborations
with these influencers. Most benefited from this marketing are small and medium
businesses whose marketing budget is limited. Influencer marketing has become the most
preferred tactic for brands to connect with their target audiences.
7. At a fundamental level, influencer marketing is a type of social media marketing that uses
endorsements and product mentions from influencers–individuals who have a dedicated
social following and are viewed as experts within their niche. Influencer marketing works
because of the high amount of trust that social influencers have built up with their following,
and recommendations from them serve as a form of social proof to your brand’s potential
customers.
During the pandemic, the culture of online shopping has risen a lot. People spend a
considerable amount of time online. This habit had led to shopping through this medium
has increased. When it comes to influencer marketing, businesses have to identify the
influencer in their niche and ways to collaborate.
Many agencies and platforms have come forward to provide a solution where companies
can easily find influencers in their niche and collaborate. These platforms also provide
analytics to measure influencer marketing strategies.
8. Nike has collaborated with a YouTube channel “What’s Inside?”, run by a father and son duo,
for their product Air Vapormax series. This campaign helped Nike to gain 3.6 million views
with more than 32,000 likes.
YouFoodz an Australian fresh meal company has partnered with 81 influencers who have
created more than 300 pieces of content across Facebook and Instagram which has helped
them to get more than 70,000 direct engagements and more than 500,000 impressions.
Kettle & Fire sells traditional, high-quality, grass-fed bone broths to health-conscious
foodies. They collaborated with many influencers who help them to create high-resolution
Instagram posts for their campaign which give them an incredible result. Kettle & Fire earn
$4 for every $1 spent on Facebook ads.
How Influencer Marketing Benefitted Companies
9. Warby Parker, an eyewear company, collaborated with 7 micro-influencers on Instagram and
YouTube for their campaign. The ads reached more than 800,000 people and have a 3.4%
engagement rate.
As you can see from the above example, influencer marketing has shown an impressive
result with high ROI and due to that many companies are spending on influencer marketing.
Key Players
● Izea reported an increase of 62% in their revenue to $10.3 million in Q4 2021 compared to $6.4
million in Q4 2020.
● Quotient Technology has reported revenue of $ 0.52 billion in 2021 in comparison to $ 0.44
billion in 2020.
● Marketing platform Launchmetrics raises $50M in 2018.
10. Market Prospect
The future of influencer marketing platforms holds many opportunities and we will see
tremendous growth in this market in the coming future. As per the market report by
Delvens, the global influencer marketing platform market has reached USD 7.2 billion in
2021 growing at a CAGR of 32.4% during the forecasting period, 2021-2028. Various brands
are understanding the importance of the influencer marketing platform as the end market is
more focused on digitization. The influencer type of consumer is mostly followed in the field
of entertainment (approx. 45.0%) and beauty influencers (approx. 42.5%).
16. On the basis of Component
● Solution
● Service
On the basis of Application
● Search and Discovery
● Campaign Management
● Influencer Relationship Management
● Analytics and Reporting
● Compliance Management
● Fraud Detection
On the basis of Organization Size
● Large Enterprise
● Small and Medium Size Enterprise
17. On the basis of Region
● Asia Pacific
● North America
● Europe
● South America
● Middle East & Africa
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Regional
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Corporate
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