Maximizing Brand Impact: The Influence of Marketing This Festive Season
Nearly 50% Indian respondents intend to spend more this festive season
Nearly 50% Indian respondents intend to spend more this festive season
The market’s expansion is further supported by the growing reliance on influencers for product recommendations and lifestyle insights.
The gaming industry remains lucrative, despite global economic downturns.
Nearly 70% of brands are planning to primarily utilize nano and micro influencers in 2024.
In the last three to five years, the Indian influencer market has experienced significant growth, with individual creator growth exceeding 115% annually.
46% consumers said that they are more likely to buy fashion products, followed by beauty and personal care products, home goods, electronics, and food and beverage from social commerce platform.
Influencer marketing is projected to directly contribute around $11 billion of NMV in SEA by 2023 . By 2028, influencer marketing sales contribution will increase by 13% to 17%.
A striking 83.8% stated that the quality of customers acquired through influencer marketing is better than that of other marketing channels.
The global influencer marketing market size has more than tripled since 2019. In 2024, the market was estimated to reach a record of $24 billion
Short-form videos have emerged as the favored content type among Indonesian users.