Global Influencer Advertising market to reach US$56.28bn by 2029

Oct. 13, 2024 - Marketing Edge

Global Influencer Advertising market to reach US$56.28bn by 2029By Oluwaseyi LawalThe Global Influencer Advertising market has been forecasted to experience a compound annual growth rate (CAGR 2024-2029) of 9.

91%, leading to a projected market volume of US$56.28bn by 2029.

The average ad spending per internet user in the Influencer Advertising market is also estimated to be US$6.16 in 2024.

The market in scope includes the Advertising spending paid directly to influencers to post sponsored content. Influencer marketing involves promoting products or services by partnering with social media influencers.

Influencer Advertising includes expenditures, user numbers, and average revenue per user (ARPU)...