Social Media Statistics | Latest Insights & Trends

The way we live our lives has changed in social media. From our news to our interaction with our loved ones. Social media is everywhere. More than 93% of marketers globally use social media statistics for business. It's inevitable, it's powerful, and it's staying here. 

Social media have grown tremendously since 2004 and have not hit their pinnacle. It is undeniable that social media platforms are becoming an essential source of information and news. But this isn't everything. The way they connect with consumers is unique in social media platforms. 

They not only give a platform for users to communicate outside geographical and social borders but also offer several options for sharing material created by users, such as photographs or movies. To grow your brand on social media, you must be aware of various social media and business growth statistics.

What are The Most Popular Social Media Statistics?

Staying on top of the newest data in social media will improve your marketing strategy and plan your company's interactions with social media. So here is the list of some of the most influential social media statistics in 2023.

Social Media Statistics For Business

The worldwide utilization of social media is growing and is undoubtedly one of the most popular online activities for Internet users. According to recent social media data by Statista, there will be 3.78 billion people globally on social media in 2023, and this number will only rise in the next few years. This translates to around 48 percent of the world's current population.

One of the reasons why social media is used highly is because mobile user opportunities continue to improve, which makes social media access easier and more accessible, regardless of where you are.

Most social media networks are also accessible as mobile apps or optimized for mobile browsing, making access to their favorite sites easier for users. This is one of the important social media statistics for businesses that will help them reach a vast audience. To improve brand visibility and engagement, incorporating social media for business is essential.

Facebook leads the market

Since its debut, Facebook has shaped the social media landscape and is constantly developing to satisfy the demands of its users. Facebook is the most extensively used social media network with approximately 2.32 billion monthly users. Active users are the ones who have connected to Facebook over the past 30 days.

As per Pinterest's study, about two-thirds (68%) of US people currently claim to be Facebook users. Interestingly enough, Facebook was also the first social network to exceed the 1 billion active user mark in the third quarter of 2012. To fully leverage Facebook marketing advantages, it's crucial to understand your target audience and create engaging content.

With these social media statistics for business in mind, you need to know how to use your resources to the greatest advantage. With Facebook’s social media statistics now ranking as the largest social networking site based on worldwide reach and active users, it is vital to know how your content may be effective and how your sponsored and organic reach can be optimized.

If you think about posting on Facebook, ensure your algorithm is up-to-date and reaches your greatest audience.

Daily usage by generation

The Pew Research Center has investigated the use of social media, and the conclusions are intriguing, to put it mildly. 84% of US people between the ages of 18 and 29 are active social media users. This is marginally down to 81% for the 30- to 49-year-old age group and up to 73% for 50-64-year-olds. US individuals 65 years old and older utilize the least social media.

Young adults still have the highest use of social media statistics in 2023 and the widest possible access to cell phones. On the other hand, the older generation is more inclined to use tablets. Baby Boomers also bridge their technological gap and become more aware of social media sites.

Understanding these social media statistics for business lets you choose which platform is most useful for your target audience to sell.

Time spend on social media

We're all steadily becoming social media junkies in this day and age. Whether it is scrolling our Facebook or Instagram pages on the train or posting the perfect brunch picture on Instagram before eating, social media is now inevitable. The newest social media for business statistics indicate that each day, 2-25 minutes per person are spent on social media.

As social media is increasingly intertwined into our everyday life, it offers companies endless chances to contact their audience through social media marketing. According to social media statistics for business, 45% of the world's population now uses social platforms such as Facebook, Twitter, Instagram, and Snapchat. If you're looking to up your social media game, be sure to check out these Instagram marketing tips.

Brands practicing social media marketing

Brands run the social media marketing wave. 73 percent of marketers feel their social media marketing efforts were "somewhat efficient" or "extremely efficient." Social media enables companies to access economic marketing, connect and create brand loyalty to their audience. However, the actual social media impact is difficult to evaluate since each social media site monitors activity differently. In this way, you can curate some of the best social media lead-generation statistics.

The impact of good customer experience

It's no surprise at this time that social media marketing is crucial for your company. One method your company may profit from social media marketing is by offering the finest customer service possible.

The aim here is to manage your online presence and ensure that you maintain contact with your audience via social media platforms. This includes answers to comments, statements, and messages. 71% of consumers with an excellent social media brand experience will likely refer the brand to their family and friends.

You will show them that you care by connecting with consumers via social media sites. This approach might go a long way in developing favorable customer relations. Don't neglect your followers and attempt to get back to them on time. This is one of the most significant social media statistics worldwide that businesses should know about.

Influencers help in building trust in the brand

Marketing for influencers now has a huge moment. Brands increasingly resort to their marketing social media platforms, and there are excellent reasons for this. 49% of customers claim to rely on influencing social media recommendations to guide their buying decision.

This indicates that if customers have faith in an influencer's suggestion, they will be more inclined to buy the goods. These social media statistics for businesses show how companies might draw on influencers' potential to reach their customers.
 

Frequently Asked Questions(FAQs)

Q1- What are the social media sales statistics?
Ans- More than half of the global population (59%) now uses social media. Globally, 4.76 billion people use social media, with 137 million new users joining in the last year. The average amount of time spent on social media each day is 2h 31m.
 

Q2- How does social media help in business growth statistics?
Ans- Revenue is generated by social media for 41% of local businesses. 74% of consumers use social media to help them make purchasing decisions. 96% of small businesses use social media as part of their marketing strategy. Before making a purchase, 81% of shoppers conduct research online.
 

Q3- What percent of small businesses use social media?
Ans- Social media is used by 67% of small businesses for digital marketing. If you're looking to boost your online presence, consider these effective social media strategies for small business.

Conclusion

As you can see from these social media statistics for businesses, different platforms may serve various objectives. You must be the judge on which social media platform your target audience you want to sell may build your social media marketing campaign. Use these social media statistics for businesses to get insights into the social media industry and how you can enhance your success with these tools.

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