About Influencer Marketing Platform
An influencer marketing platform is a solution that is designed to assist brands with their marketing campaigns. It provides discovery tools for the companies and also provides databases of influencers by using clever algorithms. In addition to this, influencer marketing platforms also offer relationship management, campaign management, influencer marketplaces, and third-party analytics as well as influencer content amplification. These features and benefits are increasing the demand among the various industries that are looking to increase sales. The global influencer marketing platform market was estimated to be around USD 688 Million in 2019 which is expected to rise at a significant pace of 34.04% during the forecast period of 2020-2025.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 34.0% |
The companies operating in this industry are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focus on maintaining sustainable development. The players are focusing on securing a leading position in this industry. They are continuously looking for the opportunity to reinforce their competitive advantage. To meet a high market share, and developing a socially responsible business company is identifying various strategic pillars such as mergers & acquisitions, new product launch, product enhancement, and others. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Influencer Marketing Platform market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Captiv8 (United States), Impact Tech (United States), ExpertVoice (United States), Linqia (United States), IZEA Worldwide (United States), AspireIQ (United States), Open Influence (Italy), Influencer (United Kingdom), Influencity (Spain), Blogmint (India), Quotient Technology (United States), Grin Technologies Inc. (United States), Intellifluence (United States), Buzzoole (Italy), Tidal Labs, Inc. (United States), CreatorIQ (United States), Mavrck (United States) and Brandwatch (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Traackr, Inc. (United States), Fohr, Inc. (United States), Onalytica (United Kingdom), Launchmetrics (United States), Grapevine (United States) and Fourstarzz Media (United States).
Segmentation Overview
AMA Research has segmented the market of Global Influencer Marketing Platform market by Type (Solutions and Services), Application (Search & Discovery, Campaign Management, Influencer Relationship Management, Analytics & Reporting and Others) and Region.
On the basis of geography, the market of Influencer Marketing Platform has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Organization size, the sub-segment i.e. SMEs will boost the Influencer Marketing Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand of Technologies Such as Big Data, AI and Machine Learning
Market Growth Drivers:
Increasing Adoption of Ad Blocking Software for Enhancement of New Marketing Techniques and Need to Increase Website Traffic, Sales Generated by Affiliate Marketing, and Database Growth
Challenges:
Stiff Competition among the Major Players
Restraints:
Availability of Free Software
Opportunities:
Increasing Innovations Including Virtual Influencers on Social Media Platforms and Rising Demand from Marketers to Analyze the Scale and Effectiveness of Digital Marketing
Market Leaders and their expansionary development strategies
In October 2023, AdvoCare International, LLC has joined forces with LTK. With this collaboration, AdvoCare customers can now seamlessly purchase AdvoCare products through LTK’s “Buy Now with LTK Cart” feature. By partnering with LTK, we’re not just staying ahead of the curve, we’re actively shaping it and capitalizing on this trend to drive new consumers to discover AdvoCare’s amazing products.
In September 2023, Kofluence has launched its latest product Kofinity. Kofinity offers guaranteed brand partnerships to every content creator and an opportunity to monetize their social influence.
Analyst View
In 2020, the global influencer marketing platform market witnessed a huge growth in number of social media influencers across different channels wherein the companies of different industries have been approaching to spread awareness about their products. The consumers nowadays are more influenced by influencers rather than watching an advertisement on TV. In FY 2020 the global influencer marketing platform market witnessed a hike of nearly 95% from its previous year which is driven by the factors such as rise in number of social media influencers due to lockdown situations across the world and increased productivity of content creators.
Key Target Audience
Incfluencer marketing software developers, Government associations, Research organizations, Enterprise software vendors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.