Social Media Means
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Facebook is the most popular social media platform overall. But TikTok is the app of choice for younger generations. And it's gaining popularity even faster than experts predicted.

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As of 2022, there are approximately 4.59 billion social media users around the world. That’s up from only 2.5 billion users in 2017. In the coming years, social media use is projected to increase even more. However, experts predict that the most popular platforms may lose a considerable amount of their users as new platforms eat away at their market share. And in this report we will cover the most important social media trends to keep an eye on over the next few years.

1. Popularity of TikTok surges with Gen Z

Facebook is the most popular social media platform overall. But TikTok is the app of choice for younger generations. And it’s gaining popularity even faster than experts predicted. That’s strongly contrasted from their predictions about TikTok: 44% of that platform’s users will be under 25 by 2023. By 2026, experts say only 23.3 million Facebook users will be younger than 25. That’s compared to 154.3 million users who are 25+. One-fifth of Generation Z (people between the ages of 10 and 25) is spending more than five hours per day on TikTok. A 2021 survey found that TikTok videos are extremely effective for brands who want to market their products to Gen Z.

Searches for “TikTok marketing” have been increasing since 2019.

Nearly 40% of people in Gen Z say TikTok videos are where they go to learn about new products and buy new products. Having such a captive audience means marketing money is flowing into TikTok at a never-seen-before rate. Search volume for “TikTok ads” has seexn a huge jump in the past 2 years. In early 2020, only 16% of marketers said they were using the platform. In 2021, that number was already up to 68%. Market predictions show that TikTok’s ad revenue will surpass that of YouTube in 2024. Estimates show that TikTok will pull in more than $11 billion in US ad revenue that year. The platform has also seen a huge jump in effectiveness, according to marketers. In 2021, only 3% of marketers said it was the most effective platform for reaching their business goals. In 2022, that number shot up 700% with 24% saying the platform was the most effective. Gen Z has also been known to use TikTok to further social causes. In 2020, Gen Zers used TikTok to encourage other users to buy tickets to a Donald Trump rally, but not show up. One survey found more than 75% of Gen Zers say they learn about social justice and politics on TikTok. #blacklivesmatter is just one example of a social cause that’s generated billions of views on TikTok.

2. Brands use social media to provide support to impatient customers

Today’s consumers are not patient. They want a response to their problems immediately. A HubSpot poll found that 90% of consumers look for an immediate response from a brand when they have a customer service question. Survey results show consumers are demanding quick responses to their marketing, sales, and support questions. This demand for speed and personal attention is leading many brands to offer customer service and support via social media.

Search volume for “customer service” is increasing.

Zendesk reported that customer service ticket volume on social media increased 20% from 2020 to 2021. As of 2017, 33% of Americans had used social media in order to complain to a brand. A 2022 survey found that 75% of Twitter users, 59% of Facebook users, and 34% of Instagram users reach out to brands on the social platforms. About half of those people are reaching out about customer service issues. Close to half of those who engage with brands on social media are doing so in order to bring up a customer care issue. While some may be quick to think that those public complaints are decreasing brand value, many companies act fast to respond and turn it into an opportunity. By responding, the brand shows that it’s actively listening to customers and that can build brand loyalty. Nearly 50% of Americans have a more favorable view of brands that respond to customer service issues via social.

Just how fast is fast when it comes to responding on social media?

A Sprout Social survey said that 22% of consumers want to hear back in 1-2 hours and another 22% said they expect a response within 2-12 hours. However, only about half of brands are meeting customer expectations in terms of response times. Ecomm retailer Zappos responds to customers via social media with lightning speed — within 20 minutes of posting.

A recent customer tweet with a same-day reply from Zappos.

3. Social media crisis management becomes a must-have

More than 95% of businesses expect to experience a crisis within the next two years, but fewer than 40% of United States business leaders had a “very relevant” crisis plan in place as of 2020. Because so many consumers use social media, many of these crises will play out on social platforms. Information spreads quickly on social media, meaning that a relatively minor issue can blow up into a crisis if brands aren’t monitoring their social channels. According to a 2022 PRWeek survey, 88% of respondents reported needing help with social listening and 89% want to improve their ability to assess potential crises. Search volume for “social listening” has increased 26% in the past 5 years. In the midst of a crisis, consumers today are looking for brands to be transparent and honest. One survey reported that 34% of consumers expect brands to respond to a crisis within 30 minutes on social media. Nearly 90% of social media users say that businesses can regain their trust during a crisis by admitting the mistake and being transparent about the steps they’re taking to resolve the problem. In early 2022, Weber found itself in the midst of a crisis when the marketing department didn’t act quickly enough to stop a scheduled email from going out. The email featured a “recipe of the week” for meatloaf. The crisis? Meat Loaf, the singer, died on that same day. The company was quick to send an apology email and subscribers went to social media to share it. Weber’s social media team stayed ahead of the crisis with an immediate apology. One brand that has not fared well in handling social media crises is Peloton.

Peloton’s search volume has dipped since its high in 2020.

In just one example, the company’s treadmills were recalled after the death of a six-year-old in 2021. The brand waited more than a month to recall the treadmills and begin managing the crisis.

4. Social media becomes king of the advertising world

Digital ad spend is soaring.

More than $521 billion was spent on digital ads in 2021. And experts say that number could reach $876 billion in 2026.

Social media ads are a big part of that spend.

In 2022, it’s expected that companies will spend $177 billion on social advertising in the United States, surpassing the amount of ad spend directed at television for the first time in history. One survey showed that 71% of marketers planned to increase their social ad budget in 2021. The money spent on social media ads has been climbing steadily since 2016. More than half of marketers say they spend 50% or more of their marketing budgets on social media ads.

Statistics show that these ads are bringing in revenue.

The GWI Social Report showed that 28% of internet users typically find out about new products and brands via social media ads, and nearly 80% of users say they turn to social media when they’re looking for information about brands. SurveyMonkey data shows that 48% of social media users have bought a product after seeing an ad.

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Targeting is one of the biggest reasons social media ads are so successful. Marketers can use these data points to segment audiences and craft hyper-relevant ad messages. Tracking-based ads are facing increasing restrictions with Google saying that third-party cookies will be removed in 2023. Apple has also removed the ability of apps to track users across other apps. In one successful example of digital ads and targeting, Fujifilm partnered with a creative agency to create a series of 12 paid social ads to promote their new instax camera in 2020. The instax social ad campaign was cleverly designed to fit in with the holiday season.

The campaign targeted six audience segments through a prize giveaway.

The first ad drove in 500 leads in the first 12 hours.

By the end of the campaign, they had more than 13k new contacts with a cost-per-pead of just $0.37. 5. Trust and authenticity are the new way to sell on social media

The days of hard-selling, brand-forward promotions on social media are over.

People won’t connect with brands that only talk about themselves and their products. People want useful information that they can use in their lives. They want an emotional connection to a brand. They want to know that a brand is human and shares their values. On social, brands are tailoring their content so that it tells a genuine story and builds brand authenticity. Brand authenticity means that a business is true to itself and to its customers.

A few trends stand out when it comes to building brand authenticity.

Encouraging company leadership to have an active presence on social media and discuss current events is one trend. A 2020 survey showed that 92% of people want their CEO to speak out on controversial issues. Research shows that 38% of consumers say a CEO’s transparency would inspire them to be more loyal to a brand and 32% say it would inspire them to purchase from that brand. When CEOs have a positive presence on social media, it increases brand authenticity.

Consumers are willing to reward businesses they see as authentic and trustworthy.

Sprout Social reports that when customers feel connected to a brand, 57% are willing to increase their spending with that brand and 76% will buy from that brand instead of a competitor.

Customers who feel connected to a brand are valuable in many ways.

Nani Swimwear is one brand that’s using social to communicate an authentic brand message and build trust with their consumers. Search volume for “Nani Swimwear” has reached a new high in the past 12 months. They also post about body positivity and use models of all sizes and abilities, showing that they identify with the core values of their consumers.

6. New platforms and social media giants launch audio options

The popularity of podcasting has been increasing for the past 15 years.

In 2021, 41% of Americans over the age of 12 listened to at least one podcast in the last month. In the coming months, social media platforms are hoping to capitalize on users’ willingness to consume audio content. One tech analyst says social audio is the Goldilocks medium. “Text is not enough, and video is too much; social audio is just right. It represents the opportunity for social connection and empathy without the downsides of video,” he says. Discord is one of the best-known audio platforms. During the peak of the pandemic, it had more than 140 million monthly active users.

Search volume for “Discord” is up 377% in 5 years.

The platform uses VoIP technology to translate spoken words into text. There are also the usual text-based chats, too.

Discord can be downloaded to iOS, Android, or desktop computers.

Discord began as a software for video gamers who couldn’t stop playing in order to type. There are now millions of topic-based servers on the platform.

Wavve takes a bit of a different approach to social audio.

This software allows podcast or music creators to select a snippet of their audio and create a professionally designed video for social media using that audio.

Search interest in “Wavve” is up 3,500% in 5 years.

The social media powerhouses are also rolling out their own audio-focused platforms.

Facebook is building new audio creation tools. This will allow users to create Soundbites, short-form audio clips, and launch Live Audio Rooms.

7. Social media emerges as a shopping platform

As shopping became more virtual during the pandemic, social media platforms became an increasingly popular shopping outlet. In fact, the number of social commerce buyers in the US has increased by 25.2%, reaching over 80 million.

And that number of forecast to exceed over 100 million by 2023.

As many as 18% of US consumers hit a “buy” button on a social media platform in 2020, compared to 13% in 2019. Also, 6% of US consumers purchased something from a shoppable social media story in 2020, compared to only 12% in 2019.

Younger people are significantly more likely to shop on social media platforms.

Approximately 37% of shoppers ages 15-22 used the “buy” button on social media, and 30% purchased something from a shoppable social media story.

Instragram shopping is now an integral part of the app's experience.

Other social media platforms are projected to enter the playing field in the future. For example, at the end of 2019, TikTok started experimenting with product links. As the social commerce space expands, social media platforms are likely to adapt features that make shopping easier for users. Social media platforms are also likely to introduce features to allow for easier conversational marketing.

Consumers are becoming more reliant on social shopping and purchasing features.

An estimated 33% of consumers prefer to have a customer service interaction on social media versus the phone or email. About 42% of users who submit a customer service request on social media expect a response within an hour.

Searches for "conversational marketing" increased by 354% in the last 5 years.

8. Proliferation of short-form video content

In many cases, video posts perform better than static photo posts on social media. According to one study, as much as 82% of online content will consist of videos this year.

TikTok is a social media platform that is dedicated to short-form videos.

In the first three months of 2020, TikTok was downloaded 315 million times around the world, setting a record for quarterly downloads by any app. Searches for "TikTok" saw a jump of 81% in the past 2 years.

Other social media companies are creating more options for short-form video posts.

Reels allows users to record and post videos up to 30 seconds in length. This is on top of Instagram’s two other video options: IGTV and Stories.

YouTube Shorts is YouTube's answer to TikTok.

YouTube Shorts allows users to post 15-second videos.

Though it is in its infancy, YouTube Shorts is already getting 15 billion views daily worldwide. While short-form video options are growing, longer videos are not going anywhere just yet. As more people shifted online during the pandemic, live streams were increasingly used to host public events and meetings. The live streaming industry grew by 99% in 2020, and is expected to continue growing in late 2022 and beyond. The most popular live video platform of 2020 was Twitch, which grew 50% from March to April alone and 101% over the year. Users are spending approximately 1.645 billion hours watching videos on the platform per month.

Online searches for "Twitch" increased 138% in 5 years.

9. Social media becomes part of daily life

More than 72% of Americans were on social media by the end of 2020, a 4.3% increase from the year before. Social media use in Canada is even higher, with over 84% of Canadians reporting that they use social media.

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Not only is the number of social media users growing.

But the amount of time that users are spending on social media platforms is growing too. On average, people spent about 145 minutes on social media every day. This is about one hour longer than people were spending on social media in 2012. Social media users are spending more time using the platforms than ever before.

Which is making social media an increasingly popular channel for marketers.

Online searches for "social media marketing" have increased by 95% over the past 5 years. The world’s growing dependence on social media (and their underlying algorithms) has fueled calls to disconnect and initiatives to reduce social media reliance, like National Day of Unplugging and Digital Minimalism. However, these campaigns are unlikely to reverse social media’s upward trajectory in the near-term.

There's also the growing trend of social media influencers.

Search growth for "influencer marketing" has increased by 305% over a 5-year period.

Which is not just impacting how businesses approach digital marketing.

The platform currently has about 1.845 billion daily users and had about 22 billion total visitors in August 2021. On the other hand, the average YouTube user spends about 40 minutes using the platform. YouTube has an estimated 30 million daily users and had about 35 billion total visitors in July 2022. Instagram has 500 million active daily users and had over 6.6 billion total visitors in July 2022. The average user spends around 53 minutes on Instagram.

The average TikTok user spends approximately 52 minutes on the app daily.

While some younger users spend on average 80 minutes on the app daily. There is no shortage of new social media platforms being launched each year. Clubhouse, an invitation-only social network based on audio chats, has received widespread attention since it launched in 2020. Despite the success of some new platforms, like Clubhouse, the major players outlined above are expected to continue to dominate the market in the coming years.

11. Shorter attention spans result in more bite-sized content

Yes, people are spending more time on social media.

But they're spending less time engaging with individual posts.

Studies suggest that the attention span of the average person today is 8 seconds - down from 12 seconds 20 years ago. People who access social media content on their computer tend to spend slightly more time on each piece of content than those on mobile devices. For instance, people who accessed Facebook from their computer spent on average 2.5 seconds on a piece of content. While those who accessed Facebook from their phones spent 1.7 seconds on the same content. Social media sites are adjusting to this by increasingly offering bite-size content options such as short-form videos and ephemeral (disappearing) content. Fleets allows users to post messages and short videos that disappear after 24 hours. Though Fleets has only been around for a few months, initial feedback seems to suggest that it boosts user engagement.

12. More augmented reality options

The Augmented Reality (AR) market is still in its infancy.

But is projected to gain momentum in the coming years.

Approximately 48% of consumers were projected to use AR in some form by the end of 2021. AR and VR are expected to become more mainstream as cell networks become stronger and faster. By 2023, the AR market is projected to be generating $70-$75 billion in annual revenue.

Social media networks are getting in on the trend early.

AR has been incorporated into Instagram filters since 2017. In 2019, Instagram stepped up the AR game even further with an option for users to create their own filters.

Usage statistics suggest that filters can quadruple the engagement time of videos.

User engagement with filters is approximately 75 seconds, driving brands to roll out their own filters that followers can interact with on social media. Social media platforms and businesses are sure to find other ways to incorporate AR into their platforms. And number of apps that feature AR is likely to increase in the coming years. Many of which will likely be dedicated to discovering (and virtually "trying on") new products. Pokemon Go, which has been downloaded more than one billion times, was likely just the beginning.

13. Growing utilization of user-generated content

Businesses are increasingly incorporating user-generated content (UGC) into their social media marketing strategies.

Online searches of "user-generated content" are up 102% over 5 years.

Brands that incorporate UGC have a 20% increase in return visitors and a 90% increase in the time that consumers spend on their websites.

UGC images are also 81% more likely to convert.

There are several upsides to UGC for businesses, including that it is cheaper than traditional advertising, more relatable, and can help brands to be perceived as more authentic and socially conscious.

Authenticity is increasingly important to consumers.

Approximately 90 percent of consumers reported that authenticity played a factor in their shopping decisions, up from 86 percent in 2017. Consumers are 2.4x more likely to find UGC more authentic than traditional branding. Approximately 92% of consumers report that they trust UGC more than any other type of marketing content.

14. The "Unbundling" of Reddit

10 years ago the classifieds site Craigslist was essentially “unbundled” into dozens of separate niche verticals. Dozens of huge companies were spawned, most notably Airbnb, Zillow, and Indeed (among many others). And now, the same is happening to Reddit. Discord (now valued at $15 billion) carved the big first chunk out of Reddit as the “Slack for Gaming”.

Search volume for “Discord” is up 377% (last five years).

It listened to the needs of the League of Legends gaming subreddit (r/LoL) and grew off the back of that community. Their core offering became the de facto standard esports voice chat tool that gamers needed. And their branding really resonated with that specific community.

Which niches are next?

The subreddits that are most ripe are those that can benefit from custom features geared towards those specific users. Another important factor is when a community is boosted by accountability, rather than the anonymity provided by Reddit. Indie Hackers is a prime example of both of these things in play. 12k users flock to this online community made up of people that are “building online projects that can generate revenue” in public.

Searches for "Indie Hackers" have increased by 112% over 5 years.

Reddit has plenty of communities like r/Entrepreneur, r/Startups and r/SideProject.

But many of the discussions that could happen in them are now happening on Indie Hackers instead.

This is because Indie Hackers has features that Reddit simply doesn’t have.

For example, users can set up a custom page for their product, set goals, and document their business journey along the way. Another successful niche social network with tailor-made features is Vivino. This online wine community has flavor profile selectors designed specifically for wine lovers.

Searches for "Vivino" spiked in 2020.

Conclusion

Social media usage is expected to remain on an upward trajectory over the next 2-3 years. New features, such as ephemeral content, short-form videos, and AR, are ensuring that users stay glued to these top social media platforms for longer periods of time each day. Growing engagement is projected to continue to fuel social commerce and generate revenue for businesses. As a result, companies are expected to look for more ways to tailor their social media strategy around changes that these platforms roll out.

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