Global Influencer Marketing Platform Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Influencer Marketing Platform Market” is an upcoming report by MarketResearch.biz. The global influencer marketing platform market segmentation allows for deeper understanding and thought, to decisively assess, analyze, and study. The analysis will be conducted using expert opinions and inputs, as well as thorough primary and secondary research efforts to determine various aspects of the influencer marketing platform market. Besides revenues for segments, global, regional, and country-wise, market revenue segmentation will be compiled in a scrupulous manner for clear flow and understanding. The global influencer marketing platform market report will be segmented on the basis of application outlook, organizational size, end-use, and region.
An influencer marketing platform is a software solution that is designed to assist brands with their respective influencer marketing campaigns. They provide influencer discovery tools for agencies and brands alike, with some even offering expansive searchable databases of influencers with the help of smart algorithms.
The global influencer marketing platform market is projected to index a substantially higher CAGR over the forecast period. Organizations have been able to increase their levels of customer engagement via influencers. Through social media, organizations have been able to construct a digital identity to enable them to steadily improve their targeted engagement levels by producing suitable content-driven material.
Virtual influencers are a byproduct of constant innovation. They have proven to be more effective and offer more accurate results than human influencers on account of - qualified engagement, brand collaborations, and historical performance. They offer a higher degree of creative freedom and economical scalability. Influencers continue to prove to be reliable sources for acquiring honest product feedback when compared to that of traditional forms of advertisement.
With respect to the application aspect of the market, it is divided among campaign management, search & discovery, analytics & reporting, and influencer marketing. The search & discovery segment of the market accounted for a sizeable portion of the global influencer marketing platform market. The search & delivery segment allows marketers to filter through influencers based on certain factors like influencer follower engagement rates and counts, audience demographics, and historical content & its performance, etc.
In 2018, the analytics and reporting segment also significantly contributed to the growth of this market’s footprint.
In terms of the organization aspect of the market, the large enterprise segment accounted for a majority revenue share of the market in 2018. Influencer marketing also helps in achieving better SEO and a higher ROI. Furthermore, influencer marketing platforms offer comprehensive insights on influencers like psychographic and demographic data which allows small & medium enterprises to craft targeted campaigns that are more specific.
With regard to the end-use of the market, the fashion and lifestyle segment accounted for a sizable portion of the revenue share in 2018. Social media is encouraging agencies and brands to cater to the needs of millennials, which, in turn, is positively influencing the market.
The food & entertainment segment, over the forecast period, is slated to retain a significant market share due to an increase in the demand for new experiences.
In 2018, the market of North America accounted for the largest amount of revenue generated. This region is expected to grow exponentially over the coming years as many companies in Canada are yet to fully explore influencer marketing when compared to those in the United States.
The market in Europe is also expected to showcase significant growth due to the adoption of blog-based marketing as a result of better creative control when compared to SMM or social media marketing.
Global Influencer Marketing Platform Market Segmentation:
by application outlook:
- Campaign Management
- Search & Discovery
- Analytics & Reporting
- Influencer Management
by end-use outlook:
- Food & Entertainment
- Sports & Fitness
- Travel & Holiday
- Fashion & Lifestyle
by organization size outlook:
- Large Enterprises
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$
- Upfluence Inc.
- Speakr Inc.
- Grapevine Logic Inc.
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