HypeAuditor, The AI-powered Influence Marketing Platform, Reveals the Year’s Biggest Brand Leaders In Annual “State of Influencer Marketing” Report
HypeAuditor, the AI analytics platform for brands seeking fair, transparent, and effective influencer marketing, released its second annual “State of Influencer Marketing 2021” report. Revealing 2020’s most influential social media leaders, as well as industry-pioneering best practices.
“Unsurprisingly, 2020 was an extraordinary year in every sense, and the digital and social landscape continues to evolve so fast that it can be hard for even the most progressive brands to stay abreast of all changes,” said Alex Frolov, CEO and Co-Founder of HypeAuditor. “The global pandemic offered unprecedented opportunities for influencer collaborations, who uniquely leveraged their platforms to drive awareness for social justice and political campaigns, and our new report reveals that whether they drove these conversations or sidestepped them, only the savviest influencers knew how to monetize them effectively.”
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HypeAuditor provides a comprehensive set of tools for brands to discover and analyze influencers on Instagram, TikTok, and YouTube, verify their authenticity, and track the results of influencer marketing campaigns. In March 2021, it expanded its capabilities with a unique influencer industry tool that enables in-depth market research and competitor analysis, all of which are based on machine learning (ML). HypeAuditor’s mission is to provide the ultimate analytical services to ensure that brands and agencies work effectively with creators.
Following are eight key learnings from HypeAuditor’s “State of Influencer Marketing 2021” report:
- Instagram’s influencer market is expected to grow 15% in 2021. The estimated global market capitalization in 2021 equals $5.8 billion, which implies 15% growth from $5.0 billion estimated for the end of 2020.
- 43% of global Instagram users are between 25 and 34 years-old. More than half of global audiences are 34 and younger (80%), which makes Instagram worthwhile for brands and marketing specialists.
- The number of influencers involved in fraud is still very high (55%), which means fake influencers and engagement could cost advertisers millions of dollars each year. That said, the average percent of Instagram accounts involved in fraud decreased by 8%.
- On average, marketers receive $4.87 of earned media value (EMV) for each $1 paid for an Instagram influencer’s promotion. EMV is the accepted advertising industry standard for measuring PR activities and influencer marketing campaigns.
- More than half of TikTok users (69%) are under the age of 24 with 39% between 18 and 24, which makes people of this age the largest user group. Within this age group, 24% of users are female and 13% are male.
- Nearly half (41%) of TikTok creators are nano-influencers with only 1K to 5K subscribers. The TikTok influencer landscape differs from what is seen on Instagram.
- Two out of three (66%) of YouTube users are aged between 18 and 34, but teens are the third largest user group. However, the platform doesn’t just appeal to grown-up audiences, especially since teenage users are the third-largest group accounting for almost 14% of all YouTube viewers.
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