Social Media Market

in the coming years,social media will grow exponentially. Growth will come primarily from the rapidly expanding online and mobile user bases in emerging markets. Individuals will be highly connected through mobile technology and social media.

Social media usage statistics

It’s no secret that we’re all glued to social media (guilty as charged). Below is a quick snapshot of how usage is changing, which networks are winning and just how hooked consumers are on social.
  1. 1.
    As of January 2022, there are 3.96 billion total social media users across all platforms.
  2. 2.
    The average person bounces between seven different social networks per month.
  3. 3.
    The amount of time adults use social media across all platforms is now higher than ever — 95 minutes per day.
  4. 4.
    TikTok is the fastest-growing social network with a staggering 105% user growth rate in the US over the past two years.
Graph showing social media statistics on network user growth between 2020 and 2021.
5.As of 2022, Facebook usage and activity are down to 33 minutes per day on average (versus) 39 minutes daily in 2017).
as we see the statistics stated above we know there will be more increasing growth over the next coming years , so the market for social media are very high and there will be huge potential in social media market,this opens up our idea to merging social media with blockchain technology to develop something that may prove benefit to others.