Influencer Marketing Market Size
- $1.7B in 2016
- $16.4B in 2022
- ~$21.1B expected in 2023
Brands remain committed to the channel:
- 83%+ of brands consider influencer marketing effective
- 67% of businesses with an influencer budget plan to increase it in 2023
- 23% of companies intend to spend over 40% of their marketing budget on influencer campaigns
The Most Common Channel Used by Influencer Marketing Brands
Share of brands using each channel:
- TikTok: 55.5%, taking first place
- Instagram: 50.8%, dropping to second place
- Facebook: 42.1%, down from 50% a year earlier
- YouTube: 38.3%, down from 44%
Summary: Global growth continues, but Russia and the CIS follow their own path.