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Global Influencer Marketing Platform Market, By Component; By Application; By Region; Trend Analysis, Competitive Market Share & Forecast, 2020-2027

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  • 104 Pages
  • January 2020
  • Region: Global
  • Blueweave Consulting & Research Pvt Ltd
  • ID: 5271490
Influencer Marketing Platform Market is Projected to Reach USD 34.6 Billion by 2027, Growing at a CAGR of 29.3% During 2021-2027

According to this report, the global Influencer Marketing platform market is estimated to have reached USD 5.6 billion in 2020 and is further projected to reach USD 34.6 billion by 2027, growing at a CAGR of 29.3% during 2021-2027 (forecast period). The rising use of AI-enabled influencer marketing platform is projected to create an integrated framework for marketers to establish successful partnerships. The artificial neural network and NLP can be leveraged to give crucial information to influencers by evaluating multiple product attributes, tweets, and thereby allowing marketers to improve the workflow phase.

Increase in the number of fake followers is acting as a challenger for the market

The influencer marketing technique has been immensely growing since 2016, as consumers have shifted from TV to social media and other OTT channels. Hence, organizations are competing to engage with authentic influencers for promoting their products and enhancing sales. The rising competition has increased the demand for micro and macro-influencers. Thus, with the growing competition, identifying authentic influencers with many followers has become the biggest challenge for brands and organizations. Many influencers use fake followers through bots to show their popularity and attract big brands. For instance, according to White Ops/ANA, the global losses due to bot fraud were estimated to be USD 7.2 billion in 2016. To tackle the issues, organizations are adopting auditing tools that identify fake accounts by scanning influencers’ account and show the data of authentic and fake followers. The tools might help brands identify authentic influencers in the coming years.

Influencer marketing platform to gain customer trust and create new brand image acting as the major driver for the market

Consumer demand is completely based on product authenticity and reliable products and services. The traditional marketing and advertising techniques are also continuously forcing customers to buy products. The traditional techniques can create a poor brand image. Moreover, consumers’ shift toward the OTT space and various social media channels has decentralized the consumer base across channels, which has led to high marketing expenses with zero Return on Investment. Therefore, organizations are increasingly adopting effective marketing techniques that reach end-users without annoying them. The statistics above show that brand image may be hampered if companies breach the trust of their consumers. Organizations have huge opportunities to gain consumer trust and acquire new customers by providing quality and transparency.

Search and discovery application segment occupied the largest share of the Influencer marketing market

The influencer marketing platform market by application has been segmented into search and discovery, campaign management, influencer relationship management, others. The other applications comprise workflow automation and time management, and third-party integration. The search and discovery application provides advanced search options to find relevant and valuable influencers for marketing campaigns. Organizations are increasingly adopting the influencer marketing platform to find great potential influencers who can promote their valuable brands, and enhance brand exposure, and create a higher level of customer engagement. The search and discovery tool provides influencers’ comprehensive information, such as personal, geographic, and professional details, interest areas, audience demographics, social media channels, traffic history, and engagement rates.

Global Influencer Marketing Market: Regional insights

North America catering the largest share and expected to witness significant growth in the Influencer Marketing market during the forecast period. The high industry growth rate, with the emergence of new technology, is the major reason. The key providers are continuously upgrading their offerings to differentiate them from other competitors. This is achieved by various organic and inorganic strategies. Suppliers operating in the industry are continuously working on new development, technical expertise, and in-house capabilities. High opportunity makes the Influencer Marketing market more competitive and suppliers are trying hard to capture the clients. The market is highly acceptable to innovative products, however, considering the risks involved in business continuity implementers are still considering brand over new offerings in the market.

Global Influencer Marketing Product Market: Competitive Landscape

The leading players in the global Influencer Marketing product market include BIZEA Worldwide, Quotient Technology Inc. Launchmetrics, JuliusWorks, Inc, Traackr, Inc, Upfluence Inc., Klear, AspireIQ, CreatorIQ, Mavrck, Impact Tech, Inc., Brandwatch, Linqia, Inc., Onalytica, Social Beat Digital Marketing LLP, ExpertVoice Inc., Lefty, Lumanu Inc., InfluencerDB, Taggermedia, Heepsy, Fourstarzz Media LLC, Juulr B.V., Intellifluence, Insense Ads, Inc., Talent Village Ltd., The Room, Blogmint, Zine Ltd., and Captiv8 Inc, others are expanding their presence in the market by implementing various business strategies. Major players are engaged in mergers and acquisitions, expansion of their manufacturing facilities, infrastructural growth, investment in R&D facilities, and the quest for opportunities to expand vertically through the value chain.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of global Influencer Marketing market size & forecast. The report promises to provide recent technology trends in the Influencer Marketing market and industry insights that help decision-makers to make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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Table of Contents

1. Research Framework
1.1. Research Objective
1.2. Component Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Research
2.2. Quantitative Research
2.3. Market Breakdown & Data Triangulation
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By Region
2.5. Assumption & Limitation
3. Executive Summary
4. Global Influencer Marketing Platform Market Insights
4.1. DROC Analysis
4.1.1. Growth Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. Recent Development
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Intensity of Rivalry
4.4. Impact of Covid-19 on Influencer Marketing Platform Market Industry.
5. Global Influencer Marketing Platform Market Overview
5.1. Market Size & Forecast by Value, 2017-2027
5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
5.2.1. By Component Solution Services
5.2.2. By Application Search and Discovery Analytics and Reporting Influencer Relationship Management Others
5.2.3. By Region North America Europe Asia Pacific Latin America Middle East & Africa
6. North America Influencer Marketing Platform Market
6.1. Market Size & Forecast by Value, 2017-2027
6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
6.2.1. By Component
6.2.2. By Application
6.2.3. By Country United States Canada
7. Europe Influencer Marketing Platform Market
7.1. Market Size & Forecast by Value, 2017-2027
7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
7.2.1. By Component
7.2.2. By Application
7.2.3. By Country Germany Poland Russia Italy France United Kingdom Spain Rest of Europe
8. Asia Pacific Influencer Marketing Platform Market
8.1. Market Size & Forecast by Value, 2017-2027
8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
8.2.1. By Components
8.2.2. By Application
8.2.3. By Country China India Japan Malaysia Singapore Rest of Asia Pacific
9. Latin America Influencer Marketing Platform Market
9.1. Market Size & Forecast by Value, 2017-2027
9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
9.2.1. By Component
9.2.2. By Application
9.2.3. By Country Brazil Mexico Rest of Latin America
10. Middle East & Africa Influencer Marketing Platform Market
10.1. Market Size & Forecast by Value, 2017-2027
10.1.1. By Value (USD Million)
10.2. Market Share & Forecast
10.2.1. By Component
10.2.2. By Application
10.2.3. By Country Saudi Arabia GCC UAE South Africa Rest of Middle East & Africa
11. Competitive Landscape
11.1. List of Key Players and Their Offerings
11.2. Market/Ranking Share Analysis
11.3. Competitive Benchmarking, By Operating Parameters
12. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
12.1. BIZEA Worldwide
12.2. Quotient Technology Inc
12.3. Launchmetrics
12.4. JuliusWorks, Inc
12.5. Traackr, Inc
12.6. Upfluence Inc
12.7. Klear
12.8. AspireIQ
12.9. CreatorIQ
12.10. Mavrck
12.11. Impact Tech, Inc
12.12. Brandwatch
12.13. Linqia, Inc
12.14. Onalytica
12.15. Social Beat Digital Marketing LLP
12.16. ExpertVoice Inc
12.17. Lefty Lumanu Inc
12.18. InfluencerDB
12.19. Taggermedia
12.20. Heepsy
12.21. Fourstarzz Media LLC
12.22. Juulr B.V
12.23. Intellifluence
12.24. Insense Ads Inc
12.25. Talent Village Ltd
12.26. The Room
12.27. Blogmint
12.28. Zine Ltd.
12.29. Captiv8 Inc
12.30. others.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • BIZEA Worldwide
  • Quotient Technology Inc. Launchmetrics
  • JuliusWorks Inc
  • Traackr Inc
  • Upfluence Inc.
  • Klear
  • AspireIQ
  • CreatorIQ
  • Mavrck
  • Impact Tech Inc.
  • Brandwatch
  • Linqia Inc.
  • Onalytica
  • Social Beat Digital Marketing LLP
  • ExpertVoice Inc.
  • Lefty
  • Lumanu Inc.
  • InfluencerDB
  • Taggermedia
  • Heepsy
  • Fourstarzz Media LLC
  • Juulr B.V.
  • Intellifluence
  • Insense Ads Inc.
  • Talent Village Ltd.
  • The Room
  • Blogmint
  • Zine Ltd.
  • Captiv8 Inc