The 2024 Social Media Industry Benchmark Report analyzes engagement metrics from 14 major industries, revealing insights into how brands on platforms like Facebook, Instagram, TikTok, and Twitter are performing. Key findings indicate that while TikTok's engagement rates have declined significantly, Facebook saw slight improvements; meanwhile, industries such as higher education and sports teams excelled due to quality content and consistent posting. The report emphasizes the importance of engagement rates relative to audience size rather than just total likes, providing a comprehensive overview for brands to compare and optimize their social media strategies.